EUR/USD
1.13766
0.062%
Gold
4030.78
0.104%
Oil
70.231
-1.532%
USD/JPY
161.694
-0.063%
GBP/USD
1.31946
0.033%
GBP/JPY
213.349
-0.020%
Real-time News
Canadian Trade Minister: Canada and Japan are collaborating on mining projects, including a potential joint reserve.Jefferies: Lowered its price target for Lockheed Martin (LMT.N) from $595 to $575.On June 26, a container ship was attacked in the Strait of Hormuz on Friday, prompting some shipowners to reassess their evacuation plans, but traffic in both directions on this crucial waterway continued. Tanker tracking data showed two fully loaded tankers leaving the Persian Gulf, while four empty Very Large Crude Carriers (VLCCs) were sailing off the coast of Oman, along the southern route managed by Oman and coordinated with the United States. Meanwhile, some vessels opted for the northern route on the Iranian side. Administration of the Strait of Hormuz remains a focal point of the US-Iran dispute. The US stated this week that Iran must maintain free passage through the strait if it wants a permanent peace agreement. Secretary of State Rubio warned during a visit to Gulf states that if Iran charges fees, other countries might follow suit, leading to chaos. The US is pressuring Oman, which also borders the strait, not to establish a joint toll system with Iran. Omans stance remains unclear: on Tuesday, it issued a joint statement with Iran stating it would discuss passage management and related costs, but Rubio said on Thursday that Oman assured him it did not support tolls.June 26 - The dollar edged lower as markets lowered their expectations for a Federal Reserve rate hike. Thursdays data showed the personal consumption expenditures price index (PCE) rose 0.4% month-over-month, below economists forecasts of 0.5%. Deutsche Bank analysts said in a report that this "has somewhat dampened the increasingly heated Fed rate hike narrative in recent weeks." They stated that while Fed officials remain cautious about the inflation outlook, there is growing speculation that the Fed may not need to raise rates at all this year.June 26 – The seventh meeting of the Joint Committee on the China-Korea Free Trade Agreement (FTA) was held in Beijing on June 25. Li Chenggang, Vice Minister of Commerce and International Trade Representative, and Yeo Han-koo, Minister for Trade Negotiations of the Ministry of Trade, Industry and Energy of the Republic of Korea, co-chaired the meeting. Both sides reviewed the implementation of the China-Korea FTA, highly praised its contribution to promoting the integration of industrial and supply chains between the two countries and driving economic growth, and conducted in-depth communication on specific issues of concern regarding the implementation of the FTA. The China-Korea FTA officially came into effect on December 20, 2015. To date, both sides have implemented twelve rounds of tariff reductions under the agreement, contributing to the continued expansion of bilateral trade. The two countries are currently advancing the second phase of negotiations on the China-Korea FTA, aiming to further enhance the liberalization and facilitation of trade in services and investment between the two countries.
