EUR/USD
1.08353
-0.106%
Gold
2912.90
0.115%
Oil
66.855
0.096%
USD/JPY
147.520
-0.291%
GBP/USD
1.29083
-0.123%
GBP/JPY
190.425
-0.414%
Real-time News
Japanese Prime Minister Shigeru Ishiba: The Bank of Japan is implementing various measures to stabilize prices.March 10, Berenberg analysts said that Europes military budget will grow at least in the high single digits by 2035, and at the same time, regional governments will promote the ordering of European defense equipment instead of American equipment, which will boost European defense stocks. They pointed out that the UKs commitment to increase its defense spending to 2.5% of GDP by 2027 is higher than they expected, which will especially benefit QinetiQ and Babcock International, which derive more than half of their revenue from the UK Ministry of Defense. The agencys first choice is German arms manufacturer Rheinmetall.On March 10, Heng Koon How, head of market strategy at UOB Global Economics and Market Research, said in a report that physical gold short squeeze is expected to push gold above $3,000 per ounce. "Uncertainty over trade tariffs has led to a sudden return of a large number of gold bars to the New York Mercantile Exchange and the United States, triggering a global gold short squeeze. In addition, the main positive drivers for gold remain unchanged, such as growing concerns about slowing economic growth." UOB recently raised its gold price forecast for the second quarter from $2,800 to $2,900 per ounce, the third quarter forecast from $2,900 to $3,000, and the fourth quarter forecast from $3,000 to $3,100.Germanys industrial output in January was -1.6% year-on-year after adjusting for working days, compared with -3.10% in the previous month.Germanys seasonally adjusted trade balance in January was 16 billion euros, compared with expectations of 20.6 billion euros and the previous value of 20.7 billion euros.
