EUR/USD
1.16999
-0.104%
Gold
4595.41
-0.038%
Oil
97.310
-0.177%
USD/JPY
159.662
0.030%
GBP/USD
1.35066
-0.081%
GBP/JPY
215.660
-0.039%
Real-time News
On April 29th, Mike Sanders, Head of Fixed Income at Madison Investments, stated in a report that the market will be focused on how Federal Reserve Chairman Jerome Powell describes the committees consensus view on recent inflation and the future policy path, especially as Powells term as chairman is drawing to a close. "With rising oil prices potentially leading to persistently high inflation, investors will want to know as much as possible about the committees view on the balance of risks," he said. He added that the labor market is "okay, but not great," but rate cuts in a high-inflation environment would have a significant impact on the yield curve and the overall economy, while a near-term rate hike is not expected.Geely Automobile (00175.HK) shares rose more than 4% in the afternoon. The company reported a first-quarter profit attributable to owners of the parent company of RMB 4.17 billion, a year-on-year decrease of 27%.Hong Kong Exchanges and Clearing Limited (00388.HK) rose more than 2% in the afternoon. The company’s profit attributable to shareholders in the first quarter was HK$5.188 billion, up 27% year-on-year.UBS (UBS.N): Expectations of a diplomatic solution in the Middle East have kept markets resilient.On April 29th, a thematic exchange activity on data development theory and practice research, hosted by the National Data Development Research Institute, was held in Fuzhou on April 28th. During the event, the "Computing-Power Collaborative Technology and Industry Integration Innovation Consortium" was established. Yuan Jun, Vice President of the National Data Development Research Institute, stated that the current collaborative development of computing and power faces a synergistic dilemma involving three objectives: security, green development, and economic efficiency—the "impossible triangle" challenge. The rapid growth in computing power demand is mismatched with the long construction cycle of energy facilities, and the "electricity waiting for computing" approach easily leads to over-allocation and resource waste. A nationwide coordinated approach is needed, integrating computing power and power grid planning into a unified spatial system, with appropriate forward-looking and dynamic adaptation to AI development.
