EUR/USD
1.16448
-0.058%
Gold
4582.52
-0.416%
Oil
82.471
-0.593%
USD/JPY
159.492
0.065%
GBP/USD
1.35882
-0.031%
GBP/JPY
216.709
0.035%
Real-time News
On August 28th, at a press conference for the 2026 Guangdong Golden Autumn Consumption Season and Cultural Tourism Industry Investment Promotion Conference, it was announced that the Guangdong Golden Autumn Cultural Tourism Consumption Season will officially launch on September 11th and last until the end of October, covering the Mid-Autumn Festival and National Day holidays. The Guangdong Provincial Department of Culture and Tourism will distribute 30 million yuan in cultural tourism consumption subsidies. From September 11th to October 31st, the subsidy program will have two sessions: offline and online. The offline session will allow users to claim coupons through the UnionPay app, which can be redeemed at participating merchants; the online session will allow users to purchase coupons through relevant platforms for instant discounts. Products cover hotels, guesthouses, scenic spot tickets, tour packages, as well as cruise ships, yachts, study tours, family travel, and senior citizen health and wellness services, with a maximum discount of 500 yuan per transaction.The yield on Japans 5-year government bonds rose 4 basis points to 2.195%, a record high.The yield on Japans 30-year government bonds rose 5 basis points to 4.11%.August 28th - The latest data released by the Argentine government shows that Argentinas daily oil production exceeded 916,000 barrels in July, a year-on-year increase of 17.2%, setting a new record. The data shows that the Bacmuerta oil field was the main driver of Argentinas oil and gas production and exports growth. In July, the field produced over 643,000 barrels of oil per day, a year-on-year increase of 26.4%; and 96.5 million cubic meters of natural gas per day, a year-on-year increase of 5.9%. Located in Neuquén Province, Argentina, the Bacmuerta oil field is rich in shale oil and shale gas and is an important oil and gas resource area for the country. According to Argentine media reports, against the backdrop of increased oil production, crude oil has become one of Argentinas main export products this year.August 28th - Demand was weak in Fridays two-year government bond auction amid rising market expectations of a tightening monetary policy from the Bank of Japan. The bid-to-cover ratio was 2.97, down from 3.63 the previous auction and below the 12-month average of 3.74. Another indicator of weak investor interest was the tail spread, the difference between the average winning bid and the lowest winning bid, which was 0.034 this time, up from 0.007 last month. This measure of demand is the weakest since 2016. Japanese government bond yields have risen sharply as investors increase their bets on another imminent interest rate hike by the Bank of Japan. The government, led by Prime Minister Sanae Takaichi, reportedly supports a rate hike as early as September to counter the continued weakness of the yen. Overnight index swaps showed an approximately 84% probability of a September rate hike by the Bank of Japan, with the market already fully pricing in an October rate hike.
