EUR/USD
1.17141
1.017%
Gold
4794.94
1.898%
Oil
86.278
-14.559%
USD/JPY
157.991
-1.017%
GBP/USD
1.34764
1.383%
GBP/JPY
212.920
0.374%
Real-time News
On April 8th, Chen Jining, Secretary of the Shanghai Municipal Committee of the CPC, met with Ray Dalio, founder of Bridgewater Associates. Chen Jining stated that as the forefront of Chinas reform and opening up and a globally connected metropolis, Shanghai is deepening its development into an international economic, financial, trade, shipping, and technological innovation center, in accordance with the grand blueprint drawn by President Xi Jinping. Shanghai strives to fully leverage its leading and exemplary role in advancing Chinese-style modernization, supporting global enterprises to confidently cultivate and achieve win-win cooperation in Shanghai through a long-term, stable, and predictable development environment. Mr. Ray Dalio supports the stable development of China-US relations and has strongly supported exchanges between Chinese and American youth. He expressed hope that Shanghai would better serve as a bridge, encouraging more entrepreneurs, investors, and especially young people to gain a comprehensive and in-depth understanding of China and Shanghai, promoting exchanges and communication between young people of the two countries in more forms, and injecting more certainty and positive energy into cooperation in various fields.The World Bank: Under the baseline scenario of a sharp but temporary rise in energy prices, economic growth in emerging market and developing economies in Europe and Central Asia will slow significantly in 2026.World Bank: Despite the recent surge in oil and gas prices providing a short-term boost, Russias economic growth is expected to slow to 0.8% by 2026.The World Banks South Asia Update report indicates that, affected by the volatility in the global energy market, South Asias economic growth rate is expected to slow from 7.0% in 2025 to 6.3% in 2026.On April 8th, according to the Financial Times, ExxonMobil warned that its first-quarter profits could be reduced by up to $6.5 billion due to the impact of the war in Iran. However, the company stated that the main reason for this loss was improper timing of its accounting treatment of hedging contracts, and that the loss would be offset as the underlying transactions were eventually completed. The US oil group also stated that global oil and gas production in the first quarter of this year would be 6% lower than in the fourth quarter of 2025 due to attacks on its owned facilities in Qatar and the UAE.
