EUR/USD
1.15745
-0.062%
Gold
4108.12
-0.449%
Oil
60.753
-0.359%
USD/JPY
154.728
0.374%
GBP/USD
1.31326
-0.128%
GBP/JPY
203.208
0.261%
Real-time News
November 12th, Futures News: Economies.com analysts latest view: Spot gold rose during the previous trading session, maintaining a slight bullish trend in the short term. This trend has been further strengthened by its trading along the upward trendline. Furthermore, the precious metals stability above the 50-day EMA provides additional support for the continuation of the current upward momentum.On November 12th, the International Energy Agency (IEA) stated on Wednesday that global oil and gas demand could continue to grow until 2050. This forecast deviates from the agencys previous expectations of a rapid transition to clean energy and suggests that the world may not be able to meet its climate goals. In its annual World Energy Outlook report released Wednesday, the IEA projects that oil demand will reach 113 million barrels per day by mid-century, an increase of approximately 13% from 2024 consumption levels, based on current national policy scenarios. The agency expects global energy demand to grow by 90 ejoules by 2035—a 15% increase from current levels. The report notes a surge in final investment decisions for new liquefied natural gas (LNG) projects in 2025. By 2030, approximately 300 billion cubic meters of new LNG export facilities with an annual capacity will be operational, marking a 50% increase in available supply. Under the current policy scenario, driven by the growth in electricity demand due to the development of data centers and artificial intelligence, the global LNG market size will expand from approximately 560 billion cubic meters in 2024 to 880 billion cubic meters in 2035, and reach 1.02 trillion cubic meters in 2050.International Energy Agency: All scenarios predict that global temperatures will rise by more than 1.5 degrees Celsius.The International Energy Agency believes that oil demand will not peak before 2050 under the current policy scenario.Legendary Stars (06683.HK) surged in the afternoon, rising more than 12%. The news came as a joint venture between the companys wholly-owned subsidiary and Lingyi Technology, a wholly-owned subsidiary of Unitree Technology, established Unistar Entertainment Technology Co., Ltd.
