EUR/USD
1.15362
-0.459%
Gold
4658.74
-2.089%
Oil
103.459
9.834%
USD/JPY
159.665
0.540%
GBP/USD
1.32248
-0.615%
GBP/JPY
211.122
-0.041%
Real-time News
Pakistans Finance Minister announced that a subsidy of 100 rupees per liter of gasoline will be provided to motorcycle drivers, with a monthly limit of 20 liters.EU High Representative for Foreign Affairs and Security Policy Karas: Iran cannot be allowed to charge countries passage fees.JPMorgan Chase: The base case is that the disruption to cross-strait shipping will eventually be resolved, and oil prices are expected to remain high in the second quarter (above $100 per barrel) and fall in the second half of 2026.JPMorgan Chase: The near-term risk is that oil prices could be pushed to the $120-$130 per barrel range.European Central Bank (ECB) Governing Council member Villeroy said on Thursday that the ECBs next move is likely to be an interest rate hike as the Middle East conflict continues, but it is too early to determine when such a hike will be necessary. The ECB kept its key interest rate unchanged at 2% last month, but outlined several ways the conflicts development could affect the eurozones economic outlook. In an adverse scenario, disruptions to oil and gas transport via the Strait of Hormuz would continue until the end of the second quarter, keeping energy prices high. In this scenario, ECB economists predict average inflation this year will reach 3.5%, well above its 2% target. Villeroy said, "A prolonged conflict is clearly a negative factor. We are closer to a moderately adverse scenario than the baseline scenario. The ECB must remain vigilant as there are signs that inflation expectations are rising."
