EUR/USD
1.17027
-0.953%
Gold
5389.17
2.391%
Oil
72.229
7.524%
USD/JPY
157.346
0.752%
GBP/USD
1.33916
-0.633%
GBP/JPY
210.717
0.115%
Real-time News
Ukrainian Armed Forces: Russian oil terminal and naval base in Novorossiysk attacked. Initial reports indicate that oil tankers at the terminal and radar stations of the S-400 air defense system have been confirmed damaged.European natural gas prices surged by as much as 50% intraday after Qatars liquefied natural gas production was disrupted.On March 2, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, spoke by phone with Iranian Foreign Minister Araqchi at the latters request. Araqchi briefed Wang on the latest situation in the region, stating that the United States launched a second war against Iran during the US-Iran negotiations. While the negotiations have made positive progress, the US actions violate all international law and cross Irans red lines. Iran has no choice but to defend itself with all its might. China has publicly expressed its position of fairness and justice and hopes to continue playing a positive role in preventing the escalation of regional tensions. Wang Yi reiterated Chinas principled position on the current situation in Iran, stating that China cherishes the traditional friendship between China and Iran, supports Iran in safeguarding its sovereignty, security, territorial integrity, and national dignity, and supports Iran in protecting its legitimate rights and interests. Wang Yi stated that China has urged the United States and Israel to immediately cease military operations to avoid further escalation of tensions and prevent the war from spreading to the entire Middle East. He expressed confidence that Iran, under the current severe and complex situation, can maintain national and social stability, pay attention to the legitimate concerns of neighboring countries, and safeguard the safety of Chinese citizens and institutions in Iran. Araqchi stated that Iran is willing to do everything possible to ensure the safety of Chinese personnel and institutions.Bank of England Monetary Policy Committee member Taylor: The UK faces the risk of falling into a demand-scarce situation. Tightening policies have been putting pressure on the country for the past year.Bank of England Monetary Policy Committee member Taylor: Energy shocks come faster than the central bank can react.
