EUR/USD
1.15047
-0.056%
Gold
5109.19
0.585%
Oil
94.837
-0.380%
USD/JPY
159.398
0.036%
GBP/USD
1.33402
-0.014%
GBP/JPY
212.643
0.071%
Real-time News
On March 13th, Matthias Scheiber, Senior Portfolio Manager at Allspring Global Investments, stated that the Federal Reserve is likely to keep interest rates unchanged next week. In a report, Scheiber said, "We believe there is a high probability that the Fed will not cut rates at all, but if energy prices continue to rise, we expect a negative ripple effect on consumer and business confidence." Scheiber noted that before the Middle East conflict, the US economy was projected to achieve approximately 2.5% real GDP growth. Considering the possibility of further fiscal stimulus and government debt to support the private sector before the midterm elections, Scheiber believes the Fed is willing to view the surge in energy prices as a temporary phenomenon and focus on economic growth.On March 13th, the overnight SHIBOR was 1.3210%, down 1.60 basis points; the 7-day SHIBOR was 1.4570%, down 0.80 basis points; the 14-day SHIBOR was 1.4950%, down 0.60 basis points; the 1-month SHIBOR was 1.5330%, down 0.20 basis points; and the 3-month SHIBOR was 1.5420%, down 0.40 basis points.On March 13th, the Sichuan Bureau organized a meeting to promote the pilot program for commercial real estate REITs in its jurisdiction. Recently, the Sichuan Bureau, in conjunction with the Shanghai and Shenzhen Stock Exchanges and the Provincial Financial Office, held the "Sichuan Province Commercial Real Estate REITs Pilot Program Promotion Meeting." Representatives from five provincial departments, including the Provincial State-owned Assets Supervision and Administration Commission, the Department of Housing and Urban-Rural Development, and the Department of Culture and Tourism, as well as relevant municipal and prefectural finance departments and nine enterprises, attended the meeting. The meeting summarized the previous work and further mobilized and deployed local government departments and enterprises to actively respond to the pilot policy, assess assets, and prepare for the tiered cultivation and application of commercial real estate REITs projects. Participating departments and enterprises exchanged views on the progress of commercial real estate REITs projects, existing difficulties, and proposed solutions. The Shanghai and Shenzhen Stock Exchanges conducted training on the development of the multi-tiered REITs market, key points of review, and key cases. Regarding the difficulties and pain points raised by enterprises in project promotion, the Sichuan Bureau will improve record management and work with relevant competent departments and municipal and prefectural governments to provide "one-on-one" solutions for each case.Japanese Finance Minister Satsuki Katayama: We will maintain closer contact with U.S. authorities on foreign exchange issues.Japanese Finance Minister Satsuki Katayama: We are prepared to take all possible measures, while also taking into account the potential impact of oil prices on daily life.
