EUR/USD
1.16278
0.021%
Gold
4475.60
0.059%
Oil
89.631
-0.010%
USD/JPY
155.929
0.085%
GBP/USD
1.35305
0.044%
GBP/JPY
210.984
0.137%
Real-time News
September 4th - Data from Japans Ministry of Internal Affairs and Communications showed that household spending in July fell 3.6% year-on-year, the largest drop in two and a half years, far worse than the market expectation of a 1.6% decline, and marking the eighth consecutive month of decline. After seasonal adjustment, household spending in July increased by only 0.5% month-on-month, lower than the market expectation of a 2.6% increase. An official from the Ministry of Internal Affairs and Communications stated that consumers were more selective in their spending, increasing expenditures on entertainment and household goods while reducing spending on food and transportation. The official did not attribute the decline entirely to rising living costs, but analysts said that consumers are clearly feeling the pressure from rising costs, and there are few signs of relief in the short term. A senior economist at Sompo Institute Plus said, "Although the labor-management negotiations this spring resulted in another significant wage increase, the downward pressure on consumption is expected to intensify further as price pressures become more apparent."Goldman Sachs has lowered its 2027 NYMEX natural gas price forecast to $2.80 per million British thermal units (MMBtu) (previously $3.50).The Ganjiang Middle Reaches Hydrological and Water Resources Monitoring Center issued an orange flood warning.SK Hynix shares rose 3%.In a Hong Kong Stock Exchange announcement, Insilicon announced that its chairman will increase his holdings in September, with an estimated total amount of up to HK$16 million.
