EUR/USD
1.14151
0.012%
Gold
4045.33
0.945%
Oil
81.922
-0.411%
USD/JPY
162.489
0.003%
GBP/USD
1.34380
0.059%
GBP/JPY
218.358
0.065%
Real-time News
July 21 – The Japanese government has finally approved an annual economic and fiscal policy plan that emphasizes the independence of the Bank of Japan, but has yet to address the high cost of a significant reduction in the food sales tax. The Cabinet approved the plan on Tuesday, noting in a footnote that specific monetary policy tools will be the responsibility of the Bank of Japan, and its autonomy must be respected. This is a key addition to the original draft released on June 30. The plan does not include Prime Minister Sanae Takaichis commitment to suspend the food sales tax, a proposal that has raised concerns about how the government will raise funds without exacerbating its fiscal situation. The document states that the government will finalize the relevant policies in early August.The yield on Japans 30-year government bonds rose 3.0 basis points to 3.90%.On July 21, Horizon Robotics (09660.HK) announced that it expects its profit for the first half of 2026 to be between RMB 3.5 billion and RMB 4 billion, compared to a loss of RMB 5.233 billion in the same period last year, representing a turnaround from loss to profit. The Group anticipates an increase in revenue from continuing operations for the six months ended June 30, 2026, primarily driven by the combined performance of its two main revenue segments. The increase in revenue from product solutions is mainly attributed to the Companys continued strengthening of its market position and steady increase in market share, as well as the commencement of large-scale mass production deployment of its all-scenario urban NOA solution (HSD).U.S. stock index futures strengthened, with Nasdaq futures up more than 1%, Dow Jones futures up 0.27%, and S&P 500 futures up 0.4%.Japanese chip stocks continued to rise, with Kioxia shares surging 14%, SoftBank Group up 6.1%, and Advantest up 5.9%.
