EUR/USD
1.15320
-0.054%
Gold
4676.00
-1.726%
Oil
103.832
10.230%
USD/JPY
159.672
0.049%
GBP/USD
1.32231
-0.021%
GBP/JPY
211.121
0.061%
Real-time News
On April 3rd, it was reported that the National Innovation Center for Optoelectronics, the National Key Laboratory of Optical Communication Technology and Networks, and Pengcheng Laboratory jointly developed a multifunctional programmable optoelectronic fusion gate array system (P-FPGA) – LightIN. This system consists of a programmable photonic chip, an electronic control module, and a test-compile-adjust (TCA) intelligent configuration framework, enabling multiple functions such as photonic computing acceleration, signal processing, network switching, and security encryption. The related findings were published in Nature sub-journal Light: Science & Applications 15:165.On April 3rd, Xiaomi announced that due to the continued sharp rise in the prices of key components such as global memory chips, and after careful evaluation, the company will adjust the suggested retail price of some of its products starting from 00:00 on April 11, 2026. This adjustment involves three models: the REDMI K90 Pro Max will see a price increase of 200 yuan; the Turbo 5 and Turbo 5 Max will have their Spring Festival special offers cancelled; and the 512GB version will continue to receive a 200 yuan subsidy.According to the South China Morning Post, Leapmotor plans to establish a European R&D center to drive global growth and is considering assembling vehicles in Canada.On April 3, seven departments, including the Ministry of Industry and Information Technology, issued the "Action Plan for Intensifying the Upgrading and Transformation of Old Plants in the Petrochemical Industry (2026-2029)." The plan proposes to utilize existing policy funding channels, such as those for "new infrastructure" and technological innovation/re-lending, to support the upgrading and transformation of eligible old plants. It also emphasizes leveraging relevant government investment funds to provide investment support to enterprises. Financial institutions are encouraged to implement targeted credit policies based on industrial layout and capacity control, and to promote bank-enterprise cooperation through credit market service platforms and national industry-finance cooperation platforms to improve the quality and efficiency of financial services. Enterprises can enjoy existing support policies during the upgrading and transformation process. Local governments with the necessary conditions can utilize existing funding channels to support the upgrading and transformation of eligible old plants. The annual performance evaluation of relevant central enterprises should appropriately consider the impact of upgrading and transformation of old plants on their operating performance.European Central Bank (currently, the deposit facility rate is 2%): 1. Barclays: Expects the ECB to raise interest rates twice, in April and June 2026, to 2.5%. 2. Goldman Sachs: Expects the ECB to raise interest rates twice, in April and June 2026, to 2.5%. 3. JPMorgan Chase: Expects the ECB to raise interest rates twice, in April and July 2026, to 2.5%. 4. Morgan Stanley: Expects the ECB to raise interest rates twice, in June and September 2026, to 2.5%. 5. Deutsche Bank: Expects the ECB to raise interest rates twice, in June and September 2026, to 2.5%. 6. UBS Global Research: Expects the ECB to raise interest rates twice, in June and September 2026, to 2.5%. 7. HSBC: Still expects the ECB to keep interest rates unchanged throughout 2026, with a year-end rate of 2.0%. 8. Bank of America: Still expects the ECB to keep interest rates unchanged throughout 2026, with a year-end rate of 2.0%. Bank of England (current interest rate is 3.75%) 1. Barclays: Expects the Bank of England to cut interest rates in the second quarter of 2026, in line with previous expectations. 2. Standard Chartered: Expects the Bank of England to cut interest rates in the second quarter of 2026, in line with previous expectations. 3. JPMorgan Chase: Expects the Bank of England to raise interest rates once in June 2026 to 4.0%, previously expecting two rate hikes in April and July. 4. UBS Global Research: Expects the Bank of England to cut interest rates once in November 2026 to 3.5%, previously expecting two rate hikes in April and July. 5. Citigroup: Expects the Bank of England to keep interest rates unchanged in 2026, previously expecting two 25 basis point rate cuts in June and September. 6. Bank of America: Expects the Bank of England to raise interest rates once each in June and July 2026, reaching 4.25% by the end of the year, compared to previous expectations of rate cuts in June and September. 7. Morgan Stanley: Expects the Bank of England to keep interest rates unchanged in 2026, compared to previous expectations of rate cuts in April and November, and another rate cut in February 2027. 8. Goldman Sachs: Expects the Bank of England to keep interest rates unchanged in 2026, gradually lowering them to 3% next year; previously expected rate cuts every quarter starting in July of this year.
