EUR/USD
1.14630
-0.336%
Gold
4254.84
-0.068%
Oil
74.003
-1.254%
USD/JPY
160.885
0.144%
GBP/USD
1.32270
-0.494%
GBP/JPY
212.809
-0.352%
Real-time News
June 18th - On June 18th, the China Economic Information Service, in conjunction with Meiwang, released the "China Live Streaming E-commerce Development Report (2026)". The report shows that my countrys live streaming e-commerce industry is currently undergoing rapid iteration and has officially entered a new stage of refined operation. By 2025, the domestic live streaming e-commerce transaction volume will exceed 6 trillion yuan, a year-on-year increase of 20%. The industry is shifting from extensive traffic competition to high-quality, refined development, becoming a key engine driving online retail growth.Both WTI and Brent crude oil prices fell by $0.60 in the short term, and Kuwait Petroleum Corporation stated that Kuwait would immediately lift all force majeure declarations.Kuwait has begun increasing its oil production, which is expected to exceed 2 million barrels per day within a week. The rate of increase in Kuwaiti oil production is faster than previously anticipated.June 18 – European Central Bank Chief Economist Lane said on Thursday that despite recent declines in energy prices, eurozone inflation will remain at a high level. The ECB raised interest rates last week for the first time in nearly three years in response to a surge in energy prices since the outbreak of the Middle East conflict in late February. However, oil and gas prices subsequently fell sharply after Iran and the United States announced a peace agreement. Lane stated that the ECB has no doubt about the correctness of its decision to raise interest rates and still expects inflation to remain above the 2% target level for an extended period. He said, “We believe food prices will rise, and prices for goods and services will also rise. Even in a more moderate scenario with lower oil prices, a rate hike would be reasonable.”June 18 - European Central Bank Chief Economist Lane said on Thursday that the upper limit of the neutral range for eurozone interest rates has risen from 2.25% to 2.50%. Lane stated, "I believe our calculation of the neutral rate applies to the final interest rate level after the shock ends." "We referenced a range of neutral rate models, and we believe the upper limit of that range has gradually risen from 2.25% to 2.50%."
