EUR/USD
1.15970
0.072%
Gold
4339.33
0.703%
Oil
77.525
-2.900%
USD/JPY
160.290
-0.034%
GBP/USD
1.34146
0.017%
GBP/JPY
215.028
-0.009%
Real-time News
UBS: We expect the Federal Reserve to cut interest rates by 25 basis points each in March and June 2027, compared with our previous forecast of 25 basis point cuts in December 2026 and March 2027.On June 16, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, met with Alan Greenspan, candidate for the next UN Secretary-General, Secretary-General of the United Nations Conference on Trade and Development, and former Vice President of Costa Rica, in Beijing. Wang Yi stated that for 55 years since the Peoples Republic of China regained its legitimate seat in the United Nations, we have always been a supporter and builder of the UN cause. Last month, when China assumed the rotating presidency of the Security Council, I chaired a high-level meeting of the Security Council in New York, where all parties voiced a unified commitment to promoting multilateralism, upholding the UN Charter, and restoring the authority of the UN. The UN Secretary-General bears significant responsibility and international influence, and should adhere to the Charter, possess outstanding capabilities, be fair and upright, and fulfill his duties responsibly. As a responsible major power and a permanent member of the Security Council, China will participate in the election of the next Secretary-General with a constructive attitude, working with all parties to safeguard, revitalize, and strengthen the United Nations.Italys final harmonized CPI annual rate for May was 3.2%, below the expected 3.3% and the previous reading of 3.30%.On June 16th, strategists at Citigroup Research stated that the Bank of Japans meeting outcome was "ideal" for Japanese stocks. "The Bank of Japan decided to raise the policy rate from 0.75% to 1.0% and cease reducing its purchases of long-term Japanese government bonds from April 2027," the strategists noted. This decision "maintains an accommodative monetary policy while curbing sharp fluctuations in the exchange rate and long-term interest rates." Citigroup expects Japanese corporate profits to maintain an average annual growth of approximately 10%. The strategists added that this will "benefit from strong price transmission effects, thereby improving profit margins, as well as economic support provided by government and Bank of Japan policies."June 16th Futures News: On June 16th, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 242,109 tons, an increase of 5,365 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 1,557 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,640 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 311 tons. 6. Petroleum asphalt futures warehouse receipts: 21,120 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 95,070 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 2,961,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.
