EUR/USD
1.16105
-0.031%
Gold
4398.87
-0.810%
Oil
90.826
1.561%
USD/JPY
155.920
-0.201%
GBP/USD
1.35139
-0.033%
GBP/JPY
210.713
-0.233%
Real-time News
Germanys seasonally adjusted industrial production month-on-month rate for July and the UKs seasonally adjusted Halifax house price index month-on-month rate for August will be released in ten minutes.French Finance Minister Lescourt: Concerned about the far-right Alternative for Germany (AFD) partys victory in the German state elections.On September 7th, Deutsche Bank now expects the European Central Bank (ECB) to raise interest rates by another 25 basis points in December, following the September rate hike, as ongoing energy risks weigh on the inflation outlook. The banks research division previously predicted that the deposit facility rate would peak at 2.5% (currently at 2.25%), but now believes these assumptions are being challenged. Despite the ongoing conflict in Iran posing an upside risk to inflation, the Eurozone labor market remains relatively weak, with little evidence to date that broader price pressures are driving wage growth. While the bank currently sees 2.75% as a more likely terminal interest rate level, it notes that a faster easing of geopolitical tensions and weaker growth could keep the rate cap at 2.5%, and a move above 3% lacks justification without broader inflationary pressures. The ECB is scheduled to announce its interest rate decision on September 10th, with a rate hike widely expected.Deutsche Bank: The European Central Bank is expected to continue raising interest rates until December.On September 7th, Mirae Asset Securities analyst Kim Young-gun stated that Samsung Electronics expansion in HBM shipments for AI applications is expected to offset the impact of a slowdown in general-purpose memory chip growth next year. He projects that Samsung Electronics HBM shipment volume and average selling price will surge by 57% and 49% respectively in 2027, potentially exceeding the projected growth rates of 16% and 20% for general-purpose memory chips. Mirae Asset expects Samsungs profits to be dragged down by the strengthening of the Korean won against the US dollar, but will remain generally robust. The firm lowered its 2026 operating profit forecast for Samsung by 5.7% to 370.057 trillion won and its 2027 forecast by 4.2% to 535.682 trillion won.
