EUR/USD
1.16391
0.052%
Gold
4411.41
0.224%
Oil
93.620
-0.628%
USD/JPY
153.355
-0.126%
GBP/USD
1.35527
0.049%
GBP/JPY
207.842
-0.058%
Real-time News
Shares of U-Robot (03231.HK) in Hong Kong surged in late trading, rising more than 30% at one point, and are currently up 23%.JPMorgan Chase upgraded Meta Platforms (META.O) from Neutral to Overweight and raised its price target from $640 to $820.On September 10th, at a press conference held by the State Council Information Office, Li Chao, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated that the CSRC will further expand high-level opening-up. The CSRC will adhere to promoting reform and development through opening-up, continuously improve the facilitation of cross-border investment and financing, optimize the systems and mechanisms for qualified foreign investors and interconnectivity, and support enterprises in making good use of both domestic and international markets and resources. The CSRC will actively participate in global financial governance and strengthen its regulatory capacity under open conditions.On September 10th, at a press conference held by the State Council Information Office, Li Bin, spokesperson and deputy director of the State Administration of Foreign Exchange (SAFE), stated that during the 15th Five-Year Plan period, SAFE will comprehensively and deeply promote foreign exchange management reform and continuously build a more convenient, open, secure, and intelligent foreign exchange management system. Among these, greater convenience primarily means enabling compliant and trustworthy business entities to conduct foreign exchange business more efficiently and conveniently. SAFE will vigorously promote reforms in banks foreign exchange business operations and continuously improve the foreign exchange facilitation policy system of "the more trustworthy, the more convenient" and "compliance first."September 10th - Despite pressures from rising fuel costs, global competition, and drought, the Eurozone economy performed better than expected. Accelerated bank lending in July also indicates that the European Central Banks previous interest rate hikes have not significantly weakened economic activity, leaving room for further policy tightening. Martin Wolburg, senior economist at Generali Investment, stated that Lagarde is expected to maintain a "hawkish wait-and-see" stance, leaving room for further rate hikes. Financial markets anticipate one more rate hike this year and one to two more next year; economists believe that the recent rate hikes may be the last for now, but the risk of further tightening is rising. Meanwhile, tightening financing conditions, with long-term bond yields rising to their highest levels since before the global financial crisis, coupled with inflation and government debt concerns, large technology company bond issuances, and political turmoil in Germany, have further pushed up yields, limiting the ECBs room for further rate hikes.
