EUR/USD
1.15983
-0.161%
Gold
4520.43
-0.498%
Oil
97.817
0.651%
USD/JPY
159.120
0.090%
GBP/USD
1.34221
-0.064%
GBP/JPY
213.558
0.027%
Real-time News
On May 22, in response to the China Securities Regulatory Commissions (CSRC) investigation into relevant domestic and overseas entities of Changqiao Securities and its proposed administrative penalties, Changqiao Securities stated that its licensed entities are regulated by overseas regulatory agencies such as the Hong Kong Securities and Futures Commission. Changqiao emphasized that client funds are completely segregated from the companys operating funds and are held in independent custodian bank accounts as required by regulations; its US and Hong Kong stock holdings are held in custody by the US Depository Trust and Clearing Corporation (DTCC) and the Hong Kong Securities Clearing Company Limited (HKSCC), respectively, and are protected by the Hong Kong Investor Compensation Fund (ICF). Furthermore, the company will strictly implement all rectification requirements and proceed with relevant arrangements in accordance with laws and regulations.On May 22nd, UBS Global Wealth Management issued a new bullish report, raising its year-end target for the S&P 500 to 7900 points. The brokerage previously predicted the benchmark index would close at 7500 points by the end of the year. In its latest report, UBS noted that despite headwinds from the Middle East conflict, the US stock market has shown resilience. This is mainly attributed to market expectations of an end to the war, strong first-quarter earnings reports, and the continued momentum of artificial intelligence. Therefore, UBS believes that US stocks will continue their strong upward trend in the second half of the year, closing up another 6% from current levels. Morgan Stanley also turned bullish on US stocks earlier this week, now predicting the S&P 500 will reach 8300 points in the next 12 months, as stronger earnings will continue to outweigh any other negative factors. The bank also raised its year-end target for the benchmark index to 8000 points (previously 7800 points). Morgan Stanleys upward revision is primarily driven by the strong performance of US companies in the latest earnings season. The bank estimates that S&P 500 earnings grew by about 27% year-over-year in the first quarter, far exceeding analysts’ pre-earnings forecasts of about 12%.Japanese Foreign Minister: We hope that ships from all countries, including Japan, can pass freely and safely through the Strait of Hormuz.On May 22, it was reported that, in order to severely crack down on transnational telecommunications and online fraud and other illegal and criminal activities, Chinese public security organs and Lao police have continued to carry out international law enforcement cooperation. Recently, Lao police transferred 494 suspects involved in fraud, arrested in a previous special operation, to Chinese authorities. This is another significant achievement in the joint efforts of the two countries police forces to combat transnational telecommunications and online fraud. A relevant official from the Ministry of Public Security stated that public security organs will continue to deepen law enforcement cooperation with relevant countries, further solidify and improve joint crackdown mechanisms, and continue to carry out operations such as dismantling dens, apprehending ringleaders, and repatriating suspects, striving to squeeze the space for telecommunications and online fraud activities and resolutely curb the high incidence of transnational telecommunications and online fraud.Bank of Japan Governor Kazuo Ueda: We discussed economic, price, and market developments, and took into account the impact of the Middle East conflict.
