EUR/USD
1.17471
-0.328%
Gold
3684.35
1.096%
Oil
62.286
-1.585%
USD/JPY
147.934
-0.036%
GBP/USD
1.34718
-0.598%
GBP/JPY
199.299
-0.622%
Real-time News
On September 20th, with bank deposit rates generally entering the "1% era," large-denomination certificates of deposit (CDs) with annual interest rates exceeding 2% (the same below) are becoming a scarce commodity in the market. A survey found that while most banks CD rates have fallen below 2%, some private banks still offer CDs with interest rates above 2%, though restrictions apply regarding credit limits and customer location. Overall, large-denomination CDs are currently in short supply and have high subscription requirements, making them highly sought after in the secondary market.Ukrainian President Zelensky: Russian attack killed three people and injured dozens.Ukrainian President Zelensky: Russia launched an attack of about 580 drones and 40 missiles in a nighttime attack on Ukraine.On September 20th, Societe Generale stated that the key Eurozone data release next week will be the preliminary September manufacturing PMI, released on Tuesday. We believe this data is likely to weaken slightly, as the improvement in manufacturing confidence may have ended. Consumer confidence may also weaken slightly in September. August M3 money supply data is likely to show a slowdown in growth to 3.1%, with credit growth reaccelerating. The European Central Bank is also scheduled to release its September economic bulletin. On Friday, the ECB will pay particular attention to August consumer inflation expectations, as this data recently showed an unexpected rise.On September 20th, European Central Bank President Christine Lagarde stated in an interview with Denmarks DRTV aired on Saturday that the ECB has achieved its price control objective, but the outlook remains uncertain despite the trade deal with the United States. After the EU and US agreed on tariffs, how the situation will develop has become more predictable. However, the situation is still not as clear as before Trump began imposing trade tariffs. "The level of uncertainty has been reduced by about 50%, which is a significant improvement, but it still remains uncertain, and everyone has to find a way to deal with it," Lagarde said. The ECB held borrowing costs steady for the second time last week, following eight 25 basis point rate cuts in a year. ECB policymakers expect inflation to stabilize around 2% after temporarily falling below target next year, with the economy gaining momentum in the coming quarters. Several officials said they see no need for further monetary easing unless there is a major economic shock. However, some officials suggested that further measures should not be ruled out.
