EUR/USD
1.14360
0.035%
Gold
4174.79
1.240%
Oil
68.721
0.443%
USD/JPY
161.359
0.158%
GBP/USD
1.33524
0.049%
GBP/JPY
215.459
0.223%
Real-time News
On July 5th, Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA), wrote that "this adjustment to the tax policy for energy-saving and new energy vehicles and vessels is a landmark step in the implementation of the reform of equal taxation for oil and electric vehicles in the domestic automotive industry, and a key tax system optimization for the new energy industry to fully transition from the policy support period to the mature market stage." He believes that this reform is conducive to the development trend of pure electrification and fully aligns with the long-term direction of high-quality development and balanced market-oriented development of the automotive industry. Cui Dongshu stated that equal taxation for oil and electric vehicles is not a one-size-fits-all approach, but rather a system of automotive taxation that establishes a balance of rights and responsibilities and fair tax burdens based on technical attributes, emission characteristics, and usage scenarios.July 5th - OPEC+, comprised of OPEC and other oil-producing nations, will hold its monthly meeting later today. An informed source indicated that OPEC+ has agreed in principle to increase crude oil production quotas by 188,000 barrels per day in August. Two other sources stated that this increase is the most likely decision.July 5th - The Malian military reported on the 4th that military positions in multiple locations across Mali were subjected to a new round of coordinated attacks by armed groups. The military successfully repelled all attacks, and the attacked positions remain under its "complete control." The report stated that these attacks occurred in Agailok, Anefisse, Gao in northern Mali, and Sevare in central Mali. A local official in Gao said that before dawn on the 4th, militants launched a fierce attack on military camps with guns and rockets. A local resident said, "This morning, no one can leave their homes... The Malian armed forces have blocked all the streets. The gunfire was so intense, it felt like the roofs were about to collapse."July 5th - According to Israeli sources on the 5th local time, Israeli Transportation Minister Miri Regev confirmed that Israel deployed an Iron Dome air defense system to the United Arab Emirates in the early stages of the US-Israel-Iran conflict. This marks the first time the Iron Dome has been deployed to a country outside of Israel and the United States. Reportedly, this is the first time an Israeli government official has publicly acknowledged deploying the Iron Dome system to the UAE. Previously, related reports had been confirmed by US officials.OPEC+ sources: OPEC+ has agreed in principle to increase its oil production target by 188,000 barrels per day starting in August.
