EUR/USD
1.14681
0.046%
Gold
4031.41
-0.712%
Oil
79.116
-0.761%
USD/JPY
162.143
-0.027%
GBP/USD
1.35349
-0.025%
GBP/JPY
219.465
-0.041%
Real-time News
July 16th - A survey released by the Bank of Japan on Thursday showed that over 90% of Japanese households expect prices to continue rising over the next year, up from three months ago, indicating further inflationary pressures and strengthening market expectations for further interest rate hikes by the Bank of Japan. This survey result will be one of the key factors the Bank of Japan will assess at its monetary policy meeting this month. The survey showed that the percentage of households expecting prices to rise over the next year rose to 90.4% in June, up from 83.7% in the previous survey. The percentage of households expecting prices to rise over the next five years was 86.1%, up from 82.6% in the previous survey in March. With the cost of living continuing to rise, 49.9% of households expect their economic situation to worsen over the next year, up from 32.8% in the March survey and reaching the highest level since December 2008.July 16th - The UK Office for National Statistics (ONS) announced on Thursday that the UK economy grew in May, indicating that consumers and businesses were more resilient than previously expected in the face of political turmoil and rising energy prices. UK GDP grew by 0.1% month-on-month in May, reversing a 0.1% decline in April. This economic improvement comes amidst political turmoil and an energy crisis. At that time, Labour leader Keir Starmer suffered a major defeat in the May local elections, making his governments hold on power precarious, and the British public began to anticipate another change of prime minister. Meanwhile, ongoing conflicts in the Middle East continued to push up oil prices and dampen market confidence. A recent OECD report warned that Burnham, who will succeed Starmer as Prime Minister next Monday, will inherit a UK economy facing "significant challenges."The yield on Japans 20-year government bonds rose 6.0 basis points to 3.595%.The yield on Japans 40-year government bonds rose 7.0 basis points to 3.825%.Total Energy: The impact of the Middle East conflict on the second quarter was approximately 210,000 barrels of oil equivalent per day, lower than the guidance of 360,000 barrels of oil equivalent per day announced in the previous quarter.
