EUR/USD
1.15106
-0.150%
Gold
4084.77
-0.459%
Oil
81.063
-1.918%
USD/JPY
160.708
0.752%
GBP/USD
1.34506
-0.108%
GBP/JPY
216.164
0.652%
Real-time News
July 31 – Korea Investment & Securities stated that Samsung Electronics increasing shift towards long-term memory chip supply contracts is improving earnings visibility and supporting a stronger profit outlook. The brokerage noted that the companys second-quarter results exceeded expectations as memory chip prices surged, while new hyperscale cloud service provider agreements helped stabilize demand and capacity utilization. The brokerage raised its target price for Samsung by 10% to 650,000 won to reflect the improved earnings outlook and potential upside for HBM pricing, while maintaining a buy rating.July 31 – Kenta Tadaide, chief foreign exchange strategist at Daiwa Securities, said any unexpected intervention by the Japanese government to support the yen is likely just a stopgap measure to buy time. “To maximize the effectiveness of currency intervention, monetary policy must remain aligned,” he said. He added, “While the market widely expects the Bank of Japan to keep its policy rate unchanged in today’s decision, market attention is focused on the message conveyed in its policy statement and Governor Kazuo Ueda’s press conference.”July 31 – Huo Lihui, chief statistician of the Service Industry Survey Center of the National Bureau of Statistics, stated that the composite PMI output index for July was 49.3%, a decrease of 1.3 percentage points from the previous month, indicating a slowdown in production and business activities of Chinese enterprises compared to the previous month. The manufacturing production index and the non-manufacturing business activity index, which constitute the composite PMI output index, were 49.9% and 49.0%, respectively.On July 31, it was reported that the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.4270%, and the lowest was 0.7040%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0000%, and the lowest was 0.9120%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.0140%, and the lowest was 0.9090%.The Peoples Bank of China (PBOC) announced today that it conducted 134 billion yuan of 7-day reverse repurchase operations, with both bids and winning bids amounting to 134 billion yuan, at an interest rate of 1.40%. Simultaneously, it conducted 600 billion yuan of overnight reverse repurchase operations.
