EUR/USD
1.13958
0.087%
Gold
4028.05
-0.011%
Oil
81.467
4.005%
USD/JPY
163.689
-0.104%
GBP/USD
1.32954
0.056%
GBP/JPY
217.636
-0.035%
Real-time News
July 29th - James Lagan, co-chief investment officer and head of investment management and research at investment bank DA Davidson, stated that since the Feds last meeting, inflation data has been moderate and job growth has been modest, but the escalation of the US-Iran military conflict in July disrupted these positive trends. This means that the overall inflation progress made in June may be reversed, and the Fed must assess whether the core inflation trend is more sustainable. If the Fed determines that higher inflation expectations are forming, they should raise interest rates in July, rather than waiting until September. Especially considering the midterm elections later this year, taking action at that time could invite political criticism.July 29 – South Koreas population has grown for the third consecutive year, with an increase in foreign residents offsetting a continued decline in domestic residents, highlighting the countrys growing reliance on overseas workers in addressing rapid aging and a shrinking workforce. Statistics Korea said on Tuesday that the national population will reach 51.8 million in 2025, an increase of 12,000 from the previous year. The number of Korean citizens has declined for the fifth consecutive year to 49.7 million, while the number of foreign residents has risen to a record high of 2.1 million, accounting for 4.1% of the total population. South Korea, along with Japan, Italy, and a few other countries, has officially joined the ranks of "super-aged societies," with the population aged 65 and over accounting for 20.7% of the total population. The proportion of the population aged 15 to 64 has fallen below 70% for the first time. According to Statistics Korea, the working-age population decreased by 393,000 from the previous year. The latest data shows that foreign residents are playing an increasingly important role in South Koreas workforce. Nearly 89.3% of foreign residents are of working age, compared to 68.4% of the Korean citizen population. The foreign resident population has been increasing year by year since 2022, while the South Korean population has been declining year by year since 2021.Market news: Sony Semiconductor Manufacturing Company’s Kumamoto plant suspended operations after the earthquake, and the shutdown is still ongoing.The China Earthquake Networks Center officially reported that a magnitude 3.8 earthquake occurred at 10:23 a.m. on July 29 in Xinghai County, Hainan Prefecture, Qinghai Province (35.34 degrees north latitude, 99.54 degrees east longitude), with a focal depth of 9 kilometers.July 29 - According to relevant work arrangements, the Ministry of Finance will issue the fourth tranche of RMB treasury bonds for 2026 in the Hong Kong Special Administrative Region on August 5, with an issuance scale of RMB 15 billion. Specific issuance arrangements will be announced by the Hong Kong Monetary Authoritys Central Moneymarkets Unit (CMU).
