EUR/USD
1.16520
0.046%
Gold
4241.40
0.790%
Oil
58.129
-0.283%
USD/JPY
151.253
0.134%
GBP/USD
1.34380
0.263%
GBP/JPY
203.258
0.403%
Real-time News
On October 16th, Mankun Technology announced on its interactive platform that it has actively developed technology for server power supplies, with related products suitable for high-power scenarios. Currently, the company has achieved mass production of power supplies with specifications such as 3300W, 4200W, and 5500W. Furthermore, the company has received sample certification for power supplies with specifications such as 8000W. The company is supplying these products in bulk to leading server power supply customers, such as Delta Electronics, and subsequently to globally renowned end customers. The companys IPO fundraising project is progressing steadily and gradually releasing production capacity. The companys existing production resources are well-suited to meet customer order requirements. The company will continue to ensure production scheduling and delivery based on market conditions and the pace of customer orders.On October 16, Federal Reserve Board Governor Milan said he supports a 50 basis point interest rate cut this month, and reiterated that trade tensions have created uncertainty for the economy and increased downside risks to growth. In an interview on Thursday, Milan said: "If monetary policy remains at its current tight level and the economy suffers a similar shock, this will significantly amplify the negative impact of the shock." He added that he hopes to support a 50 basis point interest rate cut at the policy meeting on October 28-29, although the committee is more likely to choose a 25 basis point cut as it did in September. "I think there is a high probability that we will see three 25 basis point interest rate cuts this year," he said. Federal Reserve Chairman Powell has previously hinted that the Fed is planning to cut interest rates by another 25 basis points this month, given that the slowdown in hiring could lead to a rise in the unemployment rate. However, some policymakers still said that caution should be exercised because inflation is still above the 2% target.EU Defense Commissioner: Defense roadmap means Europe will invest 6.8 trillion euros by 2035.EU High Representative for Foreign Affairs and Security Policy Kallas: Even if the war in Ukraine ends, the danger will not disappear. It is clear that we need to strengthen our defense against Russia.EU High Representative for Foreign Affairs and Security Policy Kallas: Europes defense capabilities must be greatly strengthened in the coming years.
