EUR/USD
1.16827
0.038%
Gold
4652.86
0.780%
Oil
85.065
-1.420%
USD/JPY
158.823
-0.108%
GBP/USD
1.36505
0.029%
GBP/JPY
216.806
-0.080%
Real-time News
August 24th - US long-term interest rates are rising, currently at levels roughly equivalent to those before the 2008 global financial crisis. Moodys Analytics chief economist Mark Zandi stated that the Iran war is the primary reason driving up long-term interest rates. However, he added that the Federal Reserve is also a contributing factor. Fed Chairman Warsh seems to believe that the Fed should not comment on forward guidance or even its policy response function, which is also pushing up long-term interest rates. Because this approach increases uncertainty, bond investors are demanding higher yields as compensation.On August 24th, it was reported that the State Administration for Market Regulation (National Standardization Administration) has released over 2,800 national standards this year, of which over 1,400 are for emerging industries, accounting for more than 50%, effectively supporting the vigorous development of new productive forces. Specifically, the new generation information technology industry and the new materials industry each released over 300 national standards. Standards such as "Multimodal Data Format for Brain-Computer Interface" and "Intelligent Classification of Artificial Intelligence Terminals" have set cutting-edge benchmarks for the development of the information technology industry; standards such as "High-Strength Crack-Arresting Steel Plate for Marine Use" and "Polyacrylonitrile-Based Oxidized Fiber" have promoted the industrialization of new materials. The new energy industry and the energy conservation and environmental protection industry each released over 100 new national standards. The "Safety Requirements for Electric Vehicles" and "Safety Requirements for Power Batteries for Electric Vehicles," dubbed the "strictest ever," promptly addressed public concerns about the safety of new energy vehicles. In addition, a number of important standards were released, such as "Requirements for Mechanical Interface of Flat-Plate Stacked Satellites and Rockets" and "Specifications for Flight Management and Service Information Interaction of Unmanned Aerial Vehicles," effectively meeting the urgent needs of emerging industries such as aerospace and low-altitude economy.Hong Kong-listed robotics stocks declined, with RoboSense (02498.HK) falling 10.17%, Yuejiang (02432.HK) down 5.10%, and UBTECH (09880.HK) down 4.23%.August 24th - According to foreign media reports, KPMG Australia will cut nearly 400 jobs. The company is grappling with the impact of allegations of misusing client confidential information to gain business, while demand for consulting services is also slowing. According to a statement released Monday, the consulting giant will cut approximately 5% of its workforce, affecting 360 employees and 27 partners across its consulting and business services divisions. In the year ending June, the companys overall revenue declined by 1%, while consulting revenue plummeted by 17%. The company stated, "Given the continued economic weakness, challenging market environment, and the impact of the companys actions and the whistleblower-related incidents, KPMG has assessed costs and future staffing needs. The company is also streamlining parts of its organizational structure to create more cohesive teams and further align with KPMGs global consulting services ecosystem."Chart: Precious metals market data for Industrial and Commercial Bank of China accounts on Monday, August 24, 2026.
