EUR/USD
1.16210
-0.037%
Gold
4387.26
-1.547%
Oil
89.991
1.846%
USD/JPY
159.430
-0.052%
GBP/USD
1.34074
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GBP/JPY
213.758
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Real-time News
The US initial jobless claims data for last week, the revised annualized quarterly rate of real GDP for the first quarter, the monthly rate of durable goods orders in April, the monthly rate of personal spending, the monthly and annual rates of the core PCE price index, and Canadas first quarter current account will be released in ten minutes.A new report released by the World Meteorological Organization on May 28th predicts that global average temperatures are likely to remain at or near record high levels between 2026 and 2030, with Arctic temperatures rising even faster than the global average. The report forecasts that global annual near-surface temperatures between 2026 and 2030 will be 1.3 to 1.9 degrees Celsius higher than the pre-industrial average (1850-1900). One of these five years is very likely (86% probability) to surpass 2024 and become the hottest year on record.May 28th - Minutes from Thursdays meeting revealed that the European Central Banks decision last month to keep interest rates unchanged was a "difficult choice" for some policymakers; given persistently high signs of inflation, they could hardly ignore the energy-related shocks. The ECB minutes stated: "Several members indicated that the decision was difficult; they would not have objected if a rate hike had been on the agenda at this meeting." The ECB also stated: "Since the last meeting, the value of pausing rate hikes to preserve policy options has diminished; meanwhile, the appropriateness of simply adopting a temporary ignore approach to the current situation has become increasingly less relevant."On May 28th, He Xiaopeng, Chairman of XPeng Group (09868.HK), stated during the companys Q1 earnings call that the R&D of XPengs next-generation IRON humanoid robot, geared towards mass production, is progressing smoothly and is about to enter the ET2 hardware and software integration phase, with a planned official launch in Q3 this year. XPeng aims to achieve mass production of high-end humanoid robots by the end of this year, initially for trial commercial use in XPeng stores, and starting deliveries to commercial customers in China and overseas next year. From next year onwards, revenue from humanoid robot hardware and AI model revenue will be one of the key drivers of XPeng Groups revenue and gross profit growth.On May 28th, He Xiaopeng, Chairman of XPeng Group (09868.HK), stated during the companys Q1 earnings call that the fully redundant XPeng GX fleet is already conducting small-scale public road L4 testing in Guangzhou. XPeng aims to launch a passenger-carrying Robotaxi demonstration operation service in Guangzhou in the third quarter of this year. Furthermore, He Xiaopeng revealed that XPengs advanced intelligent driving system has begun certification in Europe, and the second-generation VAL is currently being tested there. The company hopes to obtain regulatory approval from several European countries by early next year and gradually roll it out to users. He Xiaopeng stated that XPeng will build a win-win Robotaxi ecosystem. After the second-generation VAL is launched overseas, XPeng will actively explore deploying economical Robotaxi services in both domestic and overseas markets.
