EUR/USD
1.14120
-0.073%
Gold
4031.95
-0.513%
Oil
79.480
0.416%
USD/JPY
162.394
0.082%
GBP/USD
1.33854
-0.037%
GBP/JPY
217.376
0.043%
Real-time News
Israel Defense Forces: Two Hamas Nouhba commanders were killed in an airstrike in northern Gaza.Spanish Economy Minister: Spain will remain a steadfast partner of Ukraine. We will continue to support Ukraines reconstruction, promote cooperation, and strengthen the participation of Spanish businesses in strategic recovery projects.The statement indicated that Libyas Acacus Oil Operations Company reported that its daily crude oil production reached 332,056 barrels in July, the highest daily output since 2014.On July 15th, Madison Faller, Global Investment Strategist at JPMorgan Private Bank, stated that investors should not focus solely on tech giants but rather on the entire artificial intelligence (AI) value chain. "The AI story isnt confined to a single industry; were really focused on capital-intensive assets that are difficult to replace," she said, specifically mentioning the semiconductor, infrastructure, utilities, and industrial sectors. Faller pointed out that strong performance from tech companies can coexist with broader market earnings growth. She added that this earnings season, 10 of the 11 sectors covered by the S&P 500 are expected to see profit growth. The JPMorgan team anticipates the S&P 500 will deliver nearly 10% total return over the next year. They also expect large-cap European stocks to achieve mid-single-digit returns. Faller emphasized that bank stocks are a noteworthy investment option in the region, given improving fundamentals and increased dividends and share buybacks.July 15th - Japans Ministry of Economy, Trade and Industry (METI) announced on Wednesday that an oil tanker carrying Mexican crude oil for Cosmo Oil (a subsidiary of Cosmo Energy) is expected to arrive in Japan as early as Friday. This arrival will provide Japan with an alternative oil supply route from the Middle East. METI stated in a press release that this is the first time Mexican crude oil has entered Japan since the outbreak of the conflict between the US, Israel, and Iran in late February. The tanker is expected to arrive at the Yokkaichi refinery in central Japan as early as Friday, and then continue its journey to the Chiba refinery near Tokyo. It departed from the Gulf of Mexico, passing the Cape of Good Hope at the southern tip of Africa. In April, Japanese Prime Minister Sanae Takaichi and the Mexican president reached an agreement in a telephone conversation that, given the disruption to global oil and gas supplies caused by the Iranian war, the two countries should strengthen cooperation in the energy sector.
