EUR/USD
1.15996
0.275%
Gold
4396.45
0.465%
Oil
81.726
0.296%
USD/JPY
159.098
-0.162%
GBP/USD
1.35555
0.157%
GBP/JPY
215.670
-0.006%
Real-time News
Phillip Securities maintains a "Sell" rating on SpaceX (SPCX.O) with a target price of $75. They remain cautious about high capital expenditures, AI customer concentration, and temporary cloud service contracts, and believe that a more long-term business commitment from customers is needed to drive a valuation revaluation.On August 17, Li Chenggang, Chinas Vice Minister of International Trade and Economic Cooperation, met with Jiang Zhicheng, Global President of Thermo Fisher Scientific. The two sides exchanged views on China-US economic and trade relations and Thermo Fisher Scientifics development in China.On August 17th, Evelyn Gomez, interest rate strategist at Mizuho Securities, noted in a report that fiscal uncertainty in the UK continues to weigh on investors ahead of the October budget announcement. The UK government is expected to announce revenue-boosting measures and spending plans in its budget address on October 28th. Potentially weak UK employment and inflation data this week may support UK government bonds, but fiscal concerns remain.On August 17th, Henlius Biotech (02696.HK) announced a strategic collaboration with Sandoz, a global generic and biosimilar pharmaceutical company, for up to 10 monoclonal antibody and/or antibody-drug conjugate (ADC) biosimilar products or ingredients developed by Henlius. The collaboration also includes terms for the initial selection of three products and an option for one more product. In April 2025, the two companies reached an exclusive commercialization agreement for the ipilimumab biosimilar HLX13 in 46 countries and regions, including Europe and the United States. This new collaboration further deepens their existing cooperation in oncology biosimilars.On August 17th, the US dollar fell to a 10-week low against a basket of currencies as markets lowered their expectations for a US interest rate hike, while US Treasury yields also declined. Recent weak US jobs and retail sales data, along with subdued inflation figures, prompted investors to reduce their bets on rate hikes. However, BankPro CEO Paul Brocardo noted in a report that the dollars decline may be limited if uncertainty surrounding the Middle East situation and the resulting inflation concerns persist. Any escalation of tensions could boost demand for safe-haven assets, thus supporting the dollar while simultaneously pushing up oil prices and yields.
