EUR/USD
1.14286
0.117%
Gold
4066.39
-1.021%
Oil
73.381
2.671%
USD/JPY
162.080
0.217%
GBP/USD
1.33821
-0.117%
GBP/JPY
216.902
0.100%
Real-time News
The European Commission has launched the "Gaza Team Initiative," raising €883.6 million in financial contributions.July 13th - Mitsubishi UFJ analyst Lee Hardman stated in a report that the dollar could weaken if Tuesdays data shows core inflation pressures in the US remained moderate in June. He noted that the market will be closely watching the second-round impact of rising energy prices on core inflation. He stated that core inflation has only risen slightly since the outbreak of the US-Iran conflict. "If core inflation data remains moderate again, while energy inflation eases, market participants are likely to lower their expectations for further Fed rate hikes, thereby curbing dollar strength in the coming week."On July 13th, Barclays analysts pointed out in a report that UK government bond yields face the risk of further increases due to political uncertainty. Following Keir Starmers resignation in June, the UK awaits a new prime minister, a process fraught with political risk. If no other Labour Party candidate challenges him, Andy Burnham is widely expected to succeed Starmer on July 20th. Analysts stated that the UKs poor public finances could pose a challenge to the new prime minister. Global bond yields have generally risen due to escalating tensions in the Middle East, with UK government bond yields rising more than their Eurozone counterparts.On July 13, S&P Global Ratings stated in a report that if policy implementation improves, the Indonesian governments efforts to centralize resource and mineral sector management and curb tax revenue losses are expected to gradually boost national fiscal revenue and export earnings. The report noted that Indonesias current fiscal and external situation is relatively weak due to factors such as high energy prices, rising interest rates, a depreciating rupiah, policy uncertainty, and increasing debt, but this is a temporary phenomenon; these conditions should improve as commodity prices rise and government spending is reduced. S&P maintained Indonesias long-term sovereign credit rating at BBB and expects the Indonesian government to continue keeping the fiscal deficit within the statutory limit of 3% of GDP. S&P projects that despite strong first-quarter economic growth of 5.6%, Indonesias economic growth this year will be 5.1%, influenced by continued external uncertainty and rising domestic interest rates.European Commission: Approves Hungarys injection of 2 billion euros into the Hungarian Development Bank.
