EUR/USD
1.17302
-0.068%
Gold
4315.56
0.836%
Oil
57.841
0.171%
USD/JPY
155.838
0.179%
GBP/USD
1.33767
-0.069%
GBP/JPY
208.464
0.113%
Real-time News
December 12th - Investec Chief Economist Philip Shaw stated in a report that the UK economy is likely to contract in the fourth quarter unless there is a significant boost in economic growth by the end of the year. "If economic momentum does not substantially pick up by the end of the year, the UK economy will record its first quarterly contraction in two years," Shaw said.December 12th - Japans auto workers union will seek a slightly higher wage increase than last year in the upcoming round of wage negotiations, and the Bank of Japan is closely monitoring wage trends in this industry impacted by US tariffs. The Japan Auto Workers Union (JAW) released a draft negotiation plan on Friday, to be reached in March next year, proposing a minimum monthly basic wage increase target of 12,000 yen. The previous year, the union did not set 12,000 yen as a minimum target, but rather used it as a target to strive for, ultimately achieving a 9,520 yen increase, equivalent to a 3.58% rise. If JAW achieves its current target, it will exceed this years actual results, indicating that even with the industry facing pressure from higher US tariffs, workers intend to continue pressuring employers. This further strengthens the Bank of Japans incentive to raise interest rates. Automakers typically announce their wage plans in February, setting the tone for broader spring wage negotiations.Data shows that after Ukraine submitted a revised proposal to the United States to end the conflict with Russia, Ukrainian international bonds rose by 0.9 to 1.8 cents, with the purchase price of bonds maturing in 2029 reaching 73 cents, the highest level since February.He Lifeng: We must go all out to promote high-quality development, continue to implement the moderately loose monetary policy, strengthen financial support for key areas such as expanding domestic demand, technological innovation, and small and micro enterprises, steadily and orderly advance financial reform and opening up, and do a good job in expectation management.December 12th - Market analysts say oil prices rose today, but a significant drop is still possible this week. Diplomatic efforts to end the Russia-Ukraine conflict, coupled with overall bearish fundamentals, suggest a supply glut next year. Next week, market focus is expected to be on the Russia-Ukraine negotiations, while traders also watch the escalating tensions between the US and Venezuela. The International Energy Agency (IEA) stated that market-expected surpluses have narrowed, but a large supply glut still casts a shadow over the outlook. In contrast, OPECs supply and demand forecasts point to a relatively balanced market next year. ANZ analysts said, "This is a stark reversal of the outlook that predicted a tighter market earlier this year."
