EUR/USD
1.17008
-0.330%
Gold
4698.66
-0.349%
Oil
98.224
-0.494%
USD/JPY
157.806
0.125%
GBP/USD
1.35208
-0.138%
GBP/JPY
213.371
-0.009%
Real-time News
Eurozone March industrial production month-on-month rate, first quarter GDP annual rate revised figure, and seasonally adjusted employment quarter-on-quarter rate preliminary figure will be released in ten minutes.On May 13th, aluminum prices rebounded after a period of decline, with the Shanghai aluminum main contract closing up 240 yuan/ton, a 0.97% increase. On the macro level, the US April CPI rose 3.8% year-on-year, the fastest pace since 2023. The continued rise in inflationary pressure has led the market to lower its expectations for a Fed rate cut, and the high-interest-rate environment is putting some pressure on non-ferrous metals. On the industry side, domestic aluminum ingot social inventories have declined, but signs of improvement on the consumption side are not yet obvious, and the approaching traditional off-season makes the resilience of demand uncertain. The supply side is relatively stable, and cost support remains. Overall, with a cautious macro sentiment and a supply-demand game in the fundamentals, aluminum prices may maintain a high-level fluctuation pattern in the short term, with attention focused on the effectiveness of support at key psychological levels. Spot trading was moderate today, with aluminum prices fluctuating within a range. Downstream buyers purchased as needed, and the circulation in the spot market appeared to have decreased, providing some support for spot prices. During the session, holders quoted an average price of around -10 yuan/ton, while East China aluminum ingots followed suit at around -60 yuan/ton.The onshore yuan closed at 6.7905 against the US dollar at 16:30 on May 13, up 41 points from the previous trading day.On May 13th, a government source revealed that Indian Prime Minister Narendra Modi has "significantly" reduced the size of his motorcade to save fuel. This comes days after Modi urged the nation to tighten its belt amid soaring energy prices triggered by the Iran war. Modi called on the public to adopt austerity measures, including avoiding unnecessary international travel, using public transportation more often, reducing gold purchases, and cutting back on cooking oil consumption, as soaring global energy prices are putting pressure on the countrys foreign exchange reserves. Following Modis appeal, some critics on social media questioned the large size of the motorcades of senior Indian officials, Modis domestic air travel itinerary, and his upcoming trip to Europe by special plane. The source stated that the number of vehicles in Modis motorcade has been reduced while ensuring necessary security arrangements are not compromised; this is in accordance with the security protocols established by the "Special Protection Team" responsible for the Prime Ministers security. However, the source did not disclose the specific size of the reduced motorcade.The Hang Seng Index closed up 40.53 points, or 0.15%, at 26,388.44 on Wednesday, May 13; the Hang Seng Tech Index closed up 23.24 points, or 0.46%, at 5,093.85; the H-share Index closed down 5.99 points, or 0.07%, at 8,876.38; and the Red Chip Index closed down 15.0 points, or 0.32%, at 4,614.15.
