EUR/USD
1.17602
-0.216%
Gold
3664.15
0.542%
Oil
63.006
-0.447%
USD/JPY
147.841
-0.099%
GBP/USD
1.34894
-0.468%
GBP/JPY
199.435
-0.554%
Real-time News
On September 19, Shangao Holdings (00412.HK) announced in the evening that the company repurchased 3.7 million shares in the open market today, accounting for approximately 0.06% of the total issued shares of the company; further shares may be repurchased in the future at an appropriate time in accordance with the share repurchase plan and all applicable laws and regulations.On September 19th, Jane Foley of Rabobank stated in a report that the Bank of England may not cut interest rates further this year, but the pound is likely to weaken—partly because the market has gradually priced in the expectation of "no rate cuts" and partly because concerns about the UKs fiscal sustainability are growing. She noted that the market remains highly focused on the UKs challenging fiscal budget situation. Foley stated that the UKs August public sector borrowing data, released on Friday, fell short of expectations, providing a "timely reminder" of the markets current fiscal problems and highlighting the challenges facing UK Chancellor of the Exchequer Reeves as he prepares for Novembers Autumn Budget. Rabobank predicts that the euro will appreciate to 0.88 against the pound over the next six months.On September 19th, gold prices continued their upward trend during the U.S. trading session. Although investors believe that the Federal Reserves stance on future policy was less dovish than expected, gold prices have still risen by nearly 10% this month, supported by expectations of U.S. interest rate cuts, safe-haven demand, and gold purchases by central banks around the world. Barbara Lambrecht of Commerzbank stated, "We believe that the current upward momentum in gold has paused, although data next week may show that Asian gold buyers are gradually adjusting to the current high price level. However, given that we expect the Federal Reserve to cut interest rates more than the market expects next year, we believe that gold prices will continue to rise in the long term."The UN Security Council failed to pass a resolution to permanently lift UN sanctions on Iran.On September 19th, European natural gas prices continued to fluctuate in a narrow range as traders weighed two factors: the EUs new round of sanctions against Russia and a gas supply disruption in Norway. In afternoon trading, the Dutch TTF natural gas futures contract, Europes benchmark natural gas contract, fell 1.5% to €32.47 per megawatt-hour. ANZ Bank noted, "Russia currently still meets over 10% of the EUs natural gas import needs, with approximately half of this supply coming in the form of liquefied natural gas (LNG). Given that the global LNG market is expected to enter a surplus later this decade (after 2025), any sanctions will likely have an impact on natural gas prices in the short term." Investors are also closely watching unplanned outages at gas fields in Norway, Europes largest single supplier of natural gas.
