EUR/USD
1.14900
-0.123%
Gold
5028.16
0.442%
Oil
95.256
2.181%
USD/JPY
159.348
0.174%
GBP/USD
1.33007
-0.140%
GBP/JPY
211.950
0.097%
Real-time News
The yield on Japans 20-year government bond fell 1.0 basis point to 3.135%.March 17th - Beijing released its economic performance data for January and February. New residential housing sales reached 664,000 square meters, a 10.9% increase, primarily driven by concentrated sales of affordable housing. In January and February, new commercial housing sales in Beijing totaled 934,000 square meters, a 1.3% year-on-year decrease, a significant narrowing of 5.6 percentage points compared to the 6.9% decrease for the whole of last year.March 17th - Thailands Deputy Prime Minister stated on Tuesday that Thailand has discussed the possibility of purchasing crude oil with the Russian government. He said the Thai Foreign Minister raised the issue at a meeting in Europe on Monday, and it is understood that negotiations are underway regarding the purchase of Russian crude oil. The Thai government will strive to keep domestic diesel prices capped at 33 baht (US$1.02) per liter.On March 17th, Rakuten Securities strategist Masayuki Kubota stated that if oil prices remain in the $90 per barrel range, Japanese companies willingness to invest in capital expenditures and private consumption are likely to remain robust. In this scenario, the negative and positive effects of rising energy costs will offset each other, limiting the drag on corporate profits. He believes that under this scenario, there is no need to revise his forecast of over 15% net profit growth for companies listed on the Tokyo Stock Exchanges main board for the fiscal year ending March 2027.March 17 - Data released by S&P Global on the Fujairah oil industrial region shows that marine fuel oil sales at the Port of Fujairah in the UAE fell to a record low in February. Trade sources expect sales to decline further in March due to the outbreak of the US-Iran conflict at the end of February and the drone attacks that have so far hampered oil loading operations at this major Middle Eastern fuel bunkering hub. According to the latest data and historical data since 2021, total marine fuel oil sales (excluding lubricants) in February amounted to 549,765 cubic meters (approximately 544,570 metric tons). Sales of low-sulfur marine fuel oil decreased by 1% month-on-month to 365,706 cubic meters, while sales of high-sulfur marine fuel oil plummeted by 35.6% month-on-month to approximately 147,000 cubic meters. Sales of marine light diesel oil decreased by 2.7% to 37,070 cubic meters. The market share of low-sulfur fuel oil expanded to 73% in February from 64% in January, while the market share of high-sulfur fuel oil narrowed to 27% from 36%.
