EUR/USD
1.14666
-0.168%
Gold
4345.77
-0.703%
Oil
92.105
-3.524%
USD/JPY
157.425
0.446%
GBP/USD
1.33706
-0.171%
GBP/JPY
210.493
0.273%
Real-time News
Hang Seng Index futures closed up 0.3% at 25,118 points in overnight trading, a premium of 75 points.Greenland Resources stated that it has signed binding long-term agreements with several steel companies, including Outokumpu and SSAB.Amazon Web Services (AWS): xAIs Grok 4.6 model is now available on Amazon (AMZN.O) Bedrock platform.On September 22, Federal Reserve Chairman Mohamed Mussaleem stated on Monday that the Fed may need to further raise interest rates to curb inflation due to strong demand and the impact of commodity prices extending beyond the oil sector. He emphasized that the Fed should act sooner rather than later. Mussaleem stated, “Persistent demand and recurring supply pressures continue to exacerbate inflation risks. I believe that without further policy measures to curb inflation, it is likely that in 18 months, inflation will be significantly higher than our 2% target, rather than reaching it. I believe policy must impose meaningful constraints on inflation. This would allow the Fed to achieve its inflation target in about a year and a half, thus allowing time for tightening to have an impact on the economy.” He added, “Earlier, gradual tightening is more appropriate and less shocking to the economy than later, larger, and potentially more abrupt policy moves.” Mussaleem pointed out that inflation “is not a risk; it already exists,” and even after excluding the effects of oil and other supply-related factors, the underlying inflation rate could still be several percentage points higher than the Fed’s target and is “heading in the wrong direction.”As of the 2:30 closing bell, the main Shanghai gold futures contract fell 0.39%, the main Shanghai silver futures contract fell 0.70%, and the main SC crude oil futures contract fell 2.26%.
