EUR/USD
1.15990
0.095%
Gold
4429.86
0.955%
Oil
88.225
-1.000%
USD/JPY
157.553
-0.726%
GBP/USD
1.34943
0.067%
GBP/JPY
212.611
-0.662%
Real-time News
The main fuel oil contract fell 4.00% intraday, currently trading at 3807.00 yuan/ton.On September 3rd, Larry Holzenthal, Senior Portfolio Manager at Catalyst Funds, stated in a report that the driving factors behind recent bond market movements differ slightly across countries. One difference lies in the overall economic conditions and corporate earnings performance of various countries. US corporate earnings remain quite strong compared to the rest of the world, while performance in other regions has been somewhat mixed. Globally, government debt burdens are generally high, which is clearly causing market concerns about long-term bonds, and oil prices are also a contributing factor. The impact of energy prices varies across countries, but both oil and energy prices are playing a role. Inflation is undoubtedly also an issue.On September 3rd, Natalia Lojewski, Managing Director of CIFC Asset Management, stated in a report that the bond market has, to some extent, been playing a policy role for the Federal Reserve. She noted that the yield on the two-year U.S. Treasury note has been significantly higher than the federal funds rate for some time, "which in itself reflects the Feds monetary policy." She added that its not just the changes in the bond market that are noteworthy, but also the convergence in monetary policy expectations. "What are the Fed and the market currently pricing in? Roughly a 60% probability of a rate hike in September."On September 3rd, Bei Chen Lin, Senior Investment Strategist at Russell Investments, stated in a report that under the firms baseline scenario, the Federal Reserve is expected to keep interest rates unchanged this year. He said before Fridays US jobs report release, "However, if job growth significantly exceeds market expectations, for example, more than double the expected amount, while inflation remains unimproved, this could prompt the Fed to consider further rate hikes. Considering the various labor market data to be released this week, we expect the job market to be in a normal state, rather than overheated or oversold. This would be good news for the Fed." Russell Investments believes that all maturities of the US Treasury yield curve offer good investment value.On September 3, the National Medical Products Administration (NMPA) approved the marketing of rizabutinib tablets (trade name: Cerazetazone), a Class 1 innovative drug submitted by Genzyme Corporation. This drug is indicated for adult patients with persistent or chronic primary immune thrombocytopenic purpura (ITP) who have previously responded poorly to or are intolerant of treatments such as glucocorticoids and immunoglobulins. The approval of this drug provides patients with a new treatment option.
