EUR/USD
1.15638
-0.385%
Gold
5076.56
-0.109%
Oil
84.159
8.251%
USD/JPY
157.960
0.261%
GBP/USD
1.33219
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GBP/JPY
210.437
0.010%
Real-time News
March 6th - LSEG data shows that the money market has almost fully priced in the European Central Banks (ECB) expected rate hikes this year due to soaring energy prices caused by the Iran war. However, economist Claus Vistesen stated in a report that this is more of a temporary readjustment of interest rate bets than a genuine expectation. He noted, "Before moving our expectation of a 2027 rate hike forward to 2026, we need to see clearer signals that the energy shock is persistent and is transmitting to core prices." Nevertheless, risks remain. He added, "Policymakers, already shaken by their experiences following the COVID-19 pandemic and the surge in energy prices after the Russia-Ukraine war, may panic and react to the current rise in overall inflation, which is bound to remain above the target level."On March 6th, Elmar Voelker of LBBW stated in a report that the outlook for the Eurozone government bond market in the coming weeks will be primarily determined by geopolitical developments and their impact on inflation. The senior fixed-income analyst said, "The outbreak of war in the Middle East has brought inflation back into focus." He noted that long-term inflation expectations in the Eurozone interest rate market have seen a significant upward jump. Voelker stated that while current volatility is relatively mild compared to the energy price crisis of 2022-23, "further price spikes could shake the anchor of inflation expectations and trigger a more lasting shift in sentiment in the bond market."On March 6, a spokesperson for the Ministry of Commerce, in response to a reporters question regarding the EUs Industrial Accelerator Act, stated that China believes the EUs actions, under the pretext of developing relevant EU industries and promoting green transformation, are nothing short of counterproductive. They involve erecting walls and engaging in protectionism, which not only undermines rules and fair competition but also disrupts the stability of global supply chains. Practice has proven that protectionism does not enhance competitiveness; openness and cooperation are the right path to development. China and the EU are important economic and trade partners, sharing broad common interests and positive cooperative achievements in addressing climate change and promoting green transformation. We urge the EU to take the lead in abiding by WTO rules and return to a path of fair, transparent, and non-discriminatory cooperation as soon as possible, rather than going further down the path of rule-breaking and protectionism. China will closely monitor the relevant legislative process, carefully assess its impact on Chinas interests, and resolutely safeguard the legitimate rights and interests of Chinese enterprises.The Israeli military has issued an order for residents to evacuate from an industrial zone in Qom, Iran.A German government spokesperson said that a decision on the Future Combat Air System (FCAS) project will be made in the coming weeks.
