EUR/USD
1.14218
-0.776%
Gold
5016.12
-1.248%
Oil
96.467
1.332%
USD/JPY
159.671
0.208%
GBP/USD
1.32265
-0.866%
GBP/JPY
211.193
-0.611%
Real-time News
Fitch: Middle East conflicts pose a growth risk, and Italy is vulnerable due to its inflation being susceptible to energy price volatility.Fitch: (Qatar) Qatars stability outlook reflects market expectations that a credible prospect of a significant increase in LNG production will mitigate the impact of the war with Iran. The base case scenario is that the conflict will last less than a month, during which time the Strait of Hormuz will remain closed. Gas production is expected to resume once traffic in the Strait of Hormuz returns to normal.Fitch affirmed Spains rating at "A" with a stable outlook; affirmed Italys rating at "BBB+" with a stable outlook; and affirmed Qatars rating at "AA" with a stable outlook.According to foreign media statistics, the market value of the S&P 500 index has evaporated by $2 trillion since the outbreak of the war with Iran.On March 14, U.S. Attorney Robert Piro vowed to continue his investigation into Federal Reserve Chairman Jerome Powell after a judge dismissed subpoenas issued to him, potentially delaying the appointment of Kevin Warsh as Powells successor, whose term ends in May. U.S. District Judge James Bosberg stated that the government failed to provide any evidence to justify its subpoenas related to renovations at the Fed headquarters and Powells comments on the project. Piro stated, "This process was arbitrarily disrupted by a radical judge. The process should have proceeded smoothly, but they didnt. They are disgraceful." Senator Tillis, a member of the Senate Banking Committee, warned that he would block any nomination of a Fed chairman as long as the Justice Departments investigation into Powell continues. "This ruling confirms how weak and baseless the criminal investigation into Chairman Powell has been; it is nothing more than a failed attack on the Feds independence," Tillis said. "The appeal will only delay the confirmation of Kevin Warsh as the next Fed chairman."
