EUR/USD
1.15678
0.343%
Gold
4376.09
0.578%
Oil
81.485
1.319%
USD/JPY
159.356
-0.090%
GBP/USD
1.35343
0.362%
GBP/JPY
215.682
0.268%
Real-time News
August 16 - This morning (August 16), Ecuadorian President Daniel Roy-Hilchrist Noboa Asin arrived in Beijing to begin an eight-day visit to China. This is President Noboas first state visit to China.August 16th - It was learned on August 15th local time that authorities in Indiana, USA, stated that the powerful storms and floods that swept across the state this week have resulted in at least five deaths. Over the past week, torrential rains have caused record-high water levels in several rivers, forcing residents to evacuate to higher ground. More than a dozen counties have declared a state of emergency, with the latest damage concentrated along river channels stretching from Hamilton County to the northern suburbs of Indianapolis.The head of Irans Energy Optimization Organization stated that in the first option, gasoline prices would remain unchanged, but the total allocation would be capped at 121 million liters, and refueling stations would be closed once the quota was exhausted. In the second option, the 121 million liters of gasoline produced daily would be allocated to individual vehicles, and anyone wishing to exceed their quota would have to purchase gasoline at free market prices. In the third option, gasoline quotas would be allocated to the public at 30 liters per person per month, and the transfer, purchase, and sale of quotas would be permitted.The head of Irans Energy Optimization Organization stated that, as part of three ongoing proposals to manage Irans gasoline supply, Iran is considering a proposal to allocate 30 liters of gasoline per person per month, with the quota being transferable and tradable.August 16th - Next week, UK consumer prices will be the focus of media attention, while the shortage of AI-powered memory chips and rising energy costs are keeping the Bank of England on high alert. Data to be released on Wednesday is expected to show inflation accelerating for the first time in four months, with a survey of economists showing a median forecast of a 2.9% jump in July. This marks the beginning of an upward trend expected to continue into the second half of the year, ending a period of positive news regarding price pressures. As the impact of the Iran war on prices becomes increasingly apparent – especially given the still strong economic performance – this data could further unsettle Bank of England policymakers. While the inflation outlook is largely dependent on developments in the Middle East, artificial intelligence is emerging as a potential "dark horse." The Bank of England has warned that the rapid expansion of AI computing power is driving up the cost of memory chips used in mobile phones, laptops, and game consoles. Data from the British Retail Consortium in July indicates that rising chip costs are being passed on to the prices of electronic products.
