EUR/USD
1.15551
-0.433%
Gold
5096.32
-1.106%
Oil
100.829
13.880%
USD/JPY
158.501
0.379%
GBP/USD
1.33351
-0.416%
GBP/JPY
211.367
-0.038%
Real-time News
March 9th - Market optimism regarding a swift resolution to the Middle East conflict quickly faded. In just a few days, investors shifted from a wait-and-see approach to decisive action: pricing in a deeper, more persistent supply shock—one that could push up inflation while squeezing economic growth. Since the outbreak of the Iran-Iraq War, global stock market capitalization has evaporated by approximately $6 trillion. Although news of a potential G7 discussion on jointly releasing oil reserves initially helped stocks recover some losses and oil prices give back gains, Mondays market movements were still breathtaking. "The pendulum is swinging towards panic," said Danny Wong, CEO of Areca Capital. "Theres been a stampede of selling or reducing risk assets across the market." "Investors are having to increase their assessment of the probability of the worst-case scenario," said Rajeev de Mello, Global Macro Portfolio Manager at Gama Asset Management. "The challenge for the market is that this shock has a stagflationary nature."On March 9th, Foreign Ministry Spokesperson Guo Jiakun held a regular press conference. This year, through the mutual visits of the leaders of South Korea and China, South Korea-China relations have been continuously developing. What does China believe is the solution for achieving sustainable development of South Korea-China relations? Furthermore, what measures will China take to promote the resolution of the North Korean nuclear issue? Guo Jiakun stated that the successful mutual visits of the leaders of China and South Korea in November last year and January this year, reaching a series of important consensuses, have provided guidance for deepening the development of the China-South Korea strategic cooperative partnership. China is willing to work with South Korea to implement the important consensuses reached by the two leaders, deepen exchanges and cooperation in various fields, and promote the continuous development of bilateral relations along the right track. Guo Jiakun emphasized that Chinas position and policies on the Korean Peninsula issue have always maintained continuity and stability, and China will continue to play a constructive role in maintaining peace and stability on the peninsula and promoting the political settlement of the Korean Peninsula issue in its own way.March 9th - According to a report by the British newspaper *The Guardian*, Iran has threatened to attack neighboring countries oil facilities after Israel attacked at least five energy facilities in and around Tehran, exacerbating market concerns that the conflict would severely disrupt the global economy. A spokesman for Irans Islamic Revolutionary Guard Corps (IRGC) said on Sunday, "If you can withstand oil prices above $200 a barrel, then continue this game." Amid soaring oil prices, the United States has attempted to reassure the market, stating that it will not target Irans energy infrastructure. The IRGC spokesman, speaking through official media, accused the US and Israel of targeting civilians and fuel facilities and warned Gulf states to urge them to cease their actions, or "similar actions will be taken in the region."Traders expect a 50% probability of the Bank of England raising interest rates this year.On March 9, Foreign Ministry Spokesperson Guo Jiakun held a regular press conference. Guo Jiakun stated that we have noted the relevant reports, and this decision was made by Iran based on its own constitution.
