EUR/USD 1.16354
0.021%
Gold 4397.97
-0.081%
Oil 94.703
0.521%
USD/JPY 153.671
0.080%
GBP/USD 1.35509
0.036%
GBP/JPY 208.243
0.135%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 10th, according to AXIOS, a Republican-led Senate subcommittee on disaster management is investigating OpenAIs handling of the July Hugging Face intrusion. This move comes as concerns on Capitol Hill about the existential risks of AI are rapidly escalating, following public warnings from several Anthropic and OpenAI researchers. Missouri Republican Senator Josh Hawley wrote in a letter to OpenAI CEO Sam Altman, "As you know, there is a growing number of AI experts in the public domain warning of the existential risks of AI." He added, "Just this week, three Anthropic researchers publicly stated that there is a greater than 10% probability that AI will kill all of humanity within the next decade." Hawley, chairman of the Senate Homeland Security and Governmental Affairs Committees Subcommittee on Disaster Management, wrote that the investigation is a response to the findings of a recent internal investigation released by OpenAI. The Hugging Face intrusion marked a turning point in AI history, prompting OpenAI to slow down its model releases and pushing the industry to raise alarms about AI-driven cyberattacks.According to Hong Kong Stock Exchange filings, Tencent Holdings (00700.HK) repurchased 235,000 shares on September 10, at a cost of HK$100.3 million.On September 10th, the National Bureau of Statistics released the revised "Measures for the Classification and Specific Handling of Statistical Units," which will take effect on January 1, 2027. The Measures revise the statistical principles for statistical units, clarifying the original "statistics based on the principle of location" to "statistics based on the principle of the place where business activities occur." New provisions define the specific connotation of "place where business activities occur" and the method for determining "place where major business activities occur." Specifically, the place where business activities occur refers to the location where the statistical unit conducts its business activities. If there are multiple locations where business activities occur, the location with the highest share of operating revenue (gross profit for wholesale and retail trade) will, in principle, be determined as the place where major business activities occur. For new economic formats, the Measures stipulate that units conducting economic activities on internet platforms will be statistically analyzed according to the "principle of the place where business activities occur," with online and offline activities following the same statistical principles.On September 10th, four sources within the Yemeni government forces stated that the Houthi rebels are close to gaining complete control of coastal cities along the Bab el-Mandeb Strait, including the historic port cities of Mocha and Dhubab. The group is currently pushing for control of the entire Red Sea coast of Yemen. The Bab el-Mandeb Strait, also known as the "Gate of Tears," is a key target for the Houthis. If this narrow waterway is blocked, the main shipping routes for Gulf oil-producing countries, especially Saudi Arabia, will be disrupted, following Irans de facto closure of the Strait of Hormuz.The yield on German 30-year government bonds rose to 3.8981%, the highest level since April 2011, up 2 basis points.

Natural Gas prices fall below $2.70 despite USD Index attempts to recover, and demand concerns grow

Alina Haynes

Mar 14, 2023 13:12

截屏2023-01-19 下午3.42.24.png 

 

After a perpendicular recovery to close to $2.70 in the Asian session, Natural Gas futures have turned sideways. Weakness in the US Dollar Index (DXY), in general, has aided the upward bias in natural gas prices. Natural Gas futures appear vulnerable near $2.70 as the USD Index has demonstrated a recovery move to near 103.90 as investors become anxious ahead of the release of the United States Consumer Price Index (CPI) data.

 

The Federal Reserve's decision to raise interest rates is anticipated to have a negative impact on industrial demand for natural gas (Fed). The market anticipates that Fed chair Jerome Powell's scheduled rate hikes will lead to a recession in the near future.

 

Meanwhile, Winter is nearing its conclusion and summer has not yet arrived. Consequently, demand for residential purposes to heat domestic spaces will remain low. Additionally, because residences will require less electricity to operate air conditioners, power companies are less reliant on natural gas.

 

The recent decline in the USD Index is what has given Natural Gas prices new life. The US Energy Information Administration's (EIA) inventory data, which is released every Thursday, will dominate this week's trading in Natural Gas futures.

 

Going forward, investors eagerly anticipate the publication of US inflation data in order to form a new consensus. According to the projections, the headline CPI could fall to 6.0% from the previous release of 6.4%. And, core inflation, which excludes crude and food prices, is anticipated to decrease slightly to 5.5% from the previous release of 5.6%.

Suggestion