EUR/USD
1.17215
-0.142%
Gold
4326.57
1.093%
Oil
57.400
-0.592%
USD/JPY
156.073
0.330%
GBP/USD
1.33674
-0.138%
GBP/JPY
208.632
0.194%
Real-time News
Paulson, a 2026 FOMC voting member and president of the Philadelphia Federal Reserve, will speak on the economic outlook in ten minutes.Barclays raised its target price for BP from 525 pence to 590 pence.On December 12th, Sanjay Raja of Will Bank stated in a report that the Bank of England is expected to cut interest rates by 25 basis points next week, but the vote is likely to pass by a narrow 5-4 margin. He pointed out that UK GDP data shows weak economic growth and slowing wage growth, increasing the likelihood of a rate cut next week. However, as UK inflation remains above the 2% target, members of the Bank of Englands Monetary Policy Committee are expected to be cautious about future rate cuts. "We believe the central bank may shift to a more data-dependent stance, thus maintaining greater flexibility in the timing of future rate cuts."WTI and Brent crude oil prices are showing little short-term fluctuation, currently trading at $57.37/barrel and $61.49/barrel respectively.On December 12th, the Party Committee of the State Financial Regulatory Commission (SFC) held a meeting to convey and study the spirit of the Central Economic Work Conference. The meeting emphasized the need to intensify efforts and improve efficiency to promote high-quality development. It called for guiding banking and insurance institutions to continuously increase financial supply to major national strategies, key areas, and weak links, striving to improve the adaptability of the economy and finance. The meeting stressed the importance of efficiently serving and expanding effective demand, continuing to leverage new policy-based financial tools to support investment and stimulate consumption. It also called for innovative science and technology financial services, steadily expanding and enhancing the effectiveness of the SFCs four pilot programs for science and technology finance. Furthermore, the meeting emphasized deepening the coordination mechanism for financing small and micro enterprises, optimizing financial services for rural revitalization, improving insurance services for flexible employment groups and new employment forms, vigorously developing long-term care insurance, and strengthening disaster insurance coverage.
