EUR/USD
1.16065
-0.017%
Gold
4223.95
-0.195%
Oil
59.251
-0.195%
USD/JPY
155.754
0.181%
GBP/USD
1.32093
-0.023%
GBP/JPY
205.741
0.167%
Real-time News
December 2nd - Sources revealed that South Korean AI startup Upstage has hired Kookmin Securities and Mirae Asset Securities to assist with its initial public offering (IPO), potentially as early as the second half of 2026. This would make Upstage the first generative AI startup in South Korea to go public since the ChatGPT era. Upstage is one of five teams shortlisted by the South Korean government to develop a national foundational AI model—a list that will eventually be narrowed down to two teams. The company has received significant government support, including the supply of graphics processing units from NVIDIA and funding to recruit top US engineers. Upstage was co-founded in 2020 by Sung Kim, who previously led the AI development team at Naver, South Koreas largest internet company. The companys enterprise clients utilize its document processing engine and large language model, Solar, to improve productivity.December 2nd - The possibility of the Bank of Japan resuming interest rate hikes earlier than expected has shaken global bond and stock markets, but Capital Economics suggests that such concerns may be exaggerated. Analyst Thomas Mathews writes that while Japan is a major global creditor nation, rising Japanese bond yields do not necessarily mean a capital outflow, thus posing a risk to global markets. On one hand, Japanese investors looking at foreign bonds face the cost of hedging short-term foreign exchange risks. On the other hand, even if rising Japanese bond yields put pressure on bond markets in other regions, this will not undermine the global stock market rebound, as the rebound is based on earnings growth rather than higher valuations. This situation is likely to continue.Royal Bank of Canada: Raises its target price for LVMH from €575 to €650.The founder of AirAsia said that Airbus needs to re-examine its software testing.December 2nd, Futures News: Economies.com analysts latest view: Brent crude oil prices have recently fluctuated downwards within intraday trading ranges, but positive support remains as prices remain above the EMA50 (50-day exponential moving average) and have broken out of the minor bearish channel range limiting short-term trading. On the other hand, we note that this volatile movement was caused by a negative signal after the Relative Strength Index (RSI) reached overbought levels.
