EUR/USD
1.15401
-0.268%
Gold
4660.35
-0.976%
Oil
103.062
2.323%
USD/JPY
159.723
0.266%
GBP/USD
1.32352
-0.247%
GBP/JPY
211.402
-0.061%
Real-time News
On April 7th, Futures News reported that soybean oil futures on the Chicago Board of Trade (CBOT) closed higher on Monday, with the benchmark contract rising 1.5%, mainly due to active arbitrage trading between soybean oil and soybean meal, and a firm rise in international crude oil futures. A moderate rise in international crude oil futures on Monday, coupled with active oil-meal arbitrage trading, boosted the soybean oil market. Iran rejected the US proposal to immediately reopen the Strait of Hormuz in exchange for a 45-day ceasefire, demanding a permanent ceasefire, the lifting of sanctions, war reparations, and a new arrangement for the governance of the strait. Trump responded that Irans demands were "not good enough, but its an important step forward." Trump also stated that he would not postpone Tuesdays deadline for Iran to open the Strait of Hormuz, otherwise he would launch military strikes against its power plants and bridges.Samsung Electronics opened 4.61% higher after the company projected its first-quarter profit would increase eightfold.Japanese Finance Minister Satsuki Katayama: There is no problem with oil reserves; the problem lies in our ability to support our Southeast Asian partners.Japanese Finance Minister Satsuki Katayama: The amount needed to continue subsidies to control gasoline prices has not yet been estimated.Japanese Finance Minister Satsuki Katayama: G7 finance ministers and central bank governors agree that sharp fluctuations in oil prices are causing high volatility in financial and foreign exchange markets.
