EUR/USD
1.16229
0.093%
Gold
4067.63
1.402%
Oil
59.403
1.618%
USD/JPY
151.776
0.120%
GBP/USD
1.33600
0.080%
GBP/JPY
202.777
0.200%
Real-time News
The dollar pared gains against the South Korean won after South Korean authorities warned against herd behavior amid volatile foreign exchange markets.Futures News, October 13th. Economies.com analysts released their latest analysis today: Spot gold prices have continued to climb recently, fueling buoyant market sentiment and widespread expectations of a near-record high. Amidst multiple factors, including global economic uncertainty, rising geopolitical risks, and monetary policy adjustments by major central banks, spot golds appeal as a safe-haven asset has significantly increased. Analysts point to fluctuations in the US dollar index, changes in US Treasury yields, and rising inflation expectations as strong support for spot gold prices.Futures News, October 13th, Economies.com analysts latest view today: WTI crude oil futures prices rose rapidly during the session, attempting to recover some of the previous losses. Currently, the market is struggling to break out of the obvious oversold levels on the relative strength index, especially against the backdrop of a positive crossover signal supporting a potential short-term rebound.Futures News, October 13th, Economies.com analysts latest view: Brent crude oil futures prices remain in a short-term bearish trend, and prices are trading along the trendline, further reinforcing their continued position below the EMA50 moving average. The current price is attempting to recover previous losses to release the oversold condition clearly indicated by the relative strength index.On October 13th, Daiwa Research published a research report stating that JD Logistics (02618.HK) announced the acquisition of 100% equity in Dajiang and Dasheng, its wholly-owned subsidiaries engaged in local instant delivery services, from JD.com (09618.HK) for US$270 million. The transaction valuation represents an industry average trailing 12-month price-to-earnings ratio of approximately 13.1 times, including adjustments such as a liquidity discount and a controlling stake premium. Management expects JD Logistics fourth-quarter revenue to increase by a mid-double-digit percentage year-over-year after the transaction closes. Daiwa Research stated that the acquisition is not surprising and that the impact on earnings is minimal. It reiterated its "buy" rating on JD Logistics, believing that the development of its instant delivery business will drive a valuation revaluation.
