EUR/USD
1.13621
-0.068%
Gold
3388.92
-1.212%
Oil
58.903
0.322%
USD/JPY
143.315
0.610%
GBP/USD
1.33644
-0.039%
GBP/JPY
191.534
0.614%
Real-time News
The European Commission will announce on Thursday its preparations for the next round of countermeasures in response to U.S. tariffs, the EU trade chief said.May 7th news, on May 7th, Li Zhan, chief economist of the research department of China Merchants Fund, said that the financial press conference of the State Council Information Office kicked off a series of macroeconomic policies to stabilize the market and economy after the Politburo in April. Li Zhan believes that although the markets first reaction to this press conference was the central banks "double cut" that exceeded expectations, as the impact of tariffs emerges, what can really make the economy and the market stable and long-term is still the coordination of monetary and financial policies and fiscal policies. It is expected that with the continuous implementation of the "package of financial policies" in the second quarter, the space for incremental fiscal in the third quarter will also open up.The European Union is considering imposing sanctions on Litasco Middle East DMCC as part of a sweeping new approach targeting Moscow’s shadow tanker fleet. The company is a Dubai-based trading subsidiary of Russian oil giant Lukoil PJSC. Documents show the move would be the first time the West has sought sanctions on a Litasco entity since the outbreak of the Russian-Ukrainian conflict. Its parent company, Lukoil, was the second-largest Russian company to sell crude oil to overseas markets last year.May 7th news, driven by a small decline in financing costs, U.S. home purchase and refinancing mortgage applications increased for the first time in four weeks. Data released by the Mortgage Bankers Association (MBA) on Wednesday showed that the home purchase application index jumped 11.1%, the largest increase since January this year, while the refinancing index also increased at a similar rate. As of the week of May 2, the interest rate on the 30-year mortgage contract fell 5 basis points to 6.84%. The five-year adjustable mortgage rate has risen, but it is still below the level in mid-April. Mortgage rates follow the trend of U.S. Treasury yields, which fell for most of last week. Investors will analyze the speech of Federal Reserve Chairman Powell later today and whether he hinted that officials are firm on interest rates.Ford Motor (FN) will raise prices on three of its Mexican-made models starting May 2, becoming one of the first major automakers to adjust sticker prices after Trump announced tariffs. A notice sent to dealers showed that prices on some models of the Mustang Mach-E electric SUV, Maverick pickup truck and Bronco Sport would increase by up to $2,000.
