EUR/USD
1.16241
0.107%
Gold
5150.50
1.221%
Oil
73.849
-0.586%
USD/JPY
157.244
-0.281%
GBP/USD
1.33625
0.047%
GBP/JPY
210.122
-0.217%
Real-time News
Moderna (MRNA.O) shares rose 14%, hitting a new intraday high since November 2024.Italian Industry Minister: The next EU summit will discuss energy reform, including revisions to the carbon emissions trading system.On March 4th, Converas Antonio Ruggiero noted in a report that the pound faces significant risks if the Middle East conflict continues. He stated that while it is too early to assess whether the conflict will have a substantial negative economic impact, its performance is particularly noteworthy given the UKs fragile political and economic backdrop. He believes that rising oil prices due to the war could drag down economic growth while pushing up inflation. "This will lead to lower tax revenues and increase government borrowing costs due to rising risk premiums," he pointed out, noting that the improved fiscal space announced in Tuesdays spring budget would become meaningless in this context.Apple (AAPL.O): MacBook Neo is available for pre-order today and will be available in physical stores on March 11.On March 4th, Federal Reserve Governor Milan stated that he believes continued interest rate cuts remain appropriate, as it is too early to assess the impact of the Middle East wars on the US economy. In an interview on Wednesday, Milan said, "I believe it is appropriate to continue taking action. So far, the events of the weekend have not caused me to change any of my forecasts for the labor market or inflation." Oil prices surged after the US-Israeli attacks on Iran over the weekend, and investors lowered their expectations for a Fed rate cut in 2026. Some Fed officials who spoke this week suggested that this increased uncertainty about the outlook—which Fed watchers interpreted as the central bank potentially keeping rates unchanged for a longer period. Even before the attacks on Iran, several officials highlighted signs of stabilization in the labor market, suggesting waiting for further signals that inflation would fall back to the 2% target before authorizing further rate cuts. Milan holds the opposite view. "When you look at the overall data for the labor market, I still have reason to believe it needs more support from monetary policy," he said.
