EUR/USD
1.15344
-0.061%
Gold
4400.57
0.745%
Oil
82.581
0.482%
USD/JPY
159.414
0.073%
GBP/USD
1.35056
-0.012%
GBP/JPY
215.303
0.061%
Real-time News
On August 12th, Omdia announced that it has revised its 2026 global semiconductor market revenue growth forecast to 94.1% year-over-year, driven by strong growth in the DRAM and NAND markets due to AI demand continuing to outpace global supply capacity. Memory IC revenue is expected to account for more than 50% of total global semiconductor revenue in 2026. Meanwhile, AI demand has exceeded the current chip manufacturing and packaging capabilities of the semiconductor industry, and bottlenecks in key areas such as high-bandwidth memory (HBM), advanced packaging, and advanced process technology capacity are expected to persist until at least 2027.The local governor said drone debris struck four industrial facilities in Russia’s Krasnodar region.The local governor said that last nights drone attack on Russias Krasnodar Krai resulted in multiple deaths and injuries, including children.Japanese Prime Minister Sanae Takaichi: Canadian crude oil arrived in Japan today, the first time since the deterioration of the situation in the Middle East.On August 12th, according to the Financial Times, Federal Reserve Chair Janet Collins stated that the war in Iran has exacerbated cost-of-living pressures, leaving many in the US struggling to make ends meet. She warned that the Fed may need to raise interest rates to curb inflation. Collins noted that businesses and households in the northeastern US are being squeezed by inflation, which has exceeded the central banks 2% target for over five years. She pointed out, "I hear about [prices] in almost every conversation (with businesses)." She added, "Among low- and middle-income households, I hear more and more about the challenges they face…like struggling to make ends meet. Energy prices are really unbearable, especially in our region." Collins, who currently has no voting rights on the FOMC, supported keeping interest rates unchanged in July, considering the current level "slightly contractionary" and stating that "this would allow them to expect a gradual and sustained decline in inflation." However, she indicated that she would be willing to support a rate hike as early as September if economic data suggests the need for one. She said, "I do think that economic conditions in the coming months may require a tighter policy, in which case I am prepared to raise interest rates."
