Real-time News

The yield on Japan's 20-year government bonds rose to 3.385%.

The China Earthquake Networks Center officially reported that a magnitude 3.1 earthquake occurred at 13:11 on April 13 in Artux City, Kizilsu Kirghiz Autonomous Prefecture, Xinjiang (40.04 degrees north latitude, 76.04 degrees east longitude), with a focal depth of 17 kilometers.

April 13th, Futures News: Economies.com analysts' latest view: Brent crude oil futures recorded strong gains in recent intraday trading, with prices rising and retesting the key psychological resistance level of $100.00 per barrel. This rally was supported by a positive signal from the Relative Strength Index (RSI) after reaching oversold levels. Currently, prices are also approaching the resistance level of the 50-day EMA; however, a corrective bearish trend still dominates in the short term, which may limit further gains in the near term.

On April 13th, UBS Bank repurchased gold. This followed a significant reduction in its gold holdings due to the market downturn caused by the Iran war. The bank stated that it believes the long-term outlook for gold remains solid. UBS is gradually incorporating gold into its clients' portfolios, having previously reduced its gold holdings from approximately 10% to 3%. Since the outbreak of the war, gold prices have fallen sharply due to concerns about higher interest rates and the impact of liquidity tightening. UBS plans to further expand its gold holdings, which have now risen to approximately 6% of its clients' portfolios. The bank still expects gold prices to reach $6,000 per ounce by the end of the year, as structural demand—including central bank purchases, concerns about fiscal deficits, and geopolitical tensions—remains robust.

On April 13, Malaysian maritime authorities seized two oil tankers and their crews suspected of illegally transferring diesel fuel. During the operation, the Malaysian Maritime Enforcement Agency seized approximately 800,000 liters of diesel fuel, including about 700,000 liters believed to be fuel transferred between vessels without permission. The seized fuel was identified as Euro 5 standard diesel, with an estimated value of approximately RM5.43 million (approximately US$1.4 million). The total value of the seized items (including those from the two tankers) is approximately RM2.33 billion.

In a research report, Priyanka Sasheva, senior market analyst at Philip Novartis, stated that oil prices may be affected by news events in the short term. The oil market is once again focusing on geopolitical issues, and oil prices have once again broken through the psychologically significant $100 per barrel mark. Previously, the failure of ceasefire negotiations to reach a lasting agreement prompted the United States to announce maritime restrictions on ships entering and leaving Iranian ports. The market reaction highlights a simple but powerful fact: the risks in the Strait of Hormuz are not theoretical, but structural and real.

Jefferies upgraded Starbucks (SBUX.O) from "Underweight" to "Hold" and raised its price target from $86 to $92.

Binh Son Refinery in Vietnam: Has secured sufficient crude oil supply and can operate until early July. It will purchase all domestically produced crude oil.

Royal Bank of Canada: Lowered its price target for General Motors (GM.N) from $107 to $96.

Royal Bank of Canada: Lowered its price target for Tesla (TSLA.O) from $500 to $480.

The British government is urging companies to work more closely with it to protect submarine cables from Russian interference.

Five British water companies spent £32.4 million appealing to the competition regulator, which resulted in them being able to further increase water rates for their customers.

MetaPlatforms (META.O) is creating an AI version of Mark Zuckerberg, enabling him to interact with employees.

South Korean President Lee Jae-myung: We will expand cooperation with Poland to cover a wider range of areas, including the energy supply chain.

The yield on 40-year Japanese government bonds rose to 3.920%.

Jefferies: Raises its price target for Intel (INTC.O) from $45 to $60.

Jefferies: Raises its target price for SanDisk (SNDK.O) from $700 to $1,000.

The yield on 30-year Japanese government bonds rose to 3.675%.

The USD/Hungarian forint fell 1.8% to 314.18; the EUR/Hungarian forint fell 2.1% to 367.14.

The Hungarian forint reached its highest level against the US dollar since February 23, 2022.