EUR/USD
1.16987
0.178%
Gold
4597.37
1.732%
Oil
86.085
0.189%
USD/JPY
158.621
-0.270%
GBP/USD
1.36552
0.186%
GBP/JPY
216.605
-0.075%
Real-time News
On August 21st, TD Securities strategists noted in a report that additional guidance from Federal Reserve Chairman Kevin Warsh at next weeks Jackson Hole symposium might offer investors "a slight respite." However, it would be disappointing if Warsh continued to avoid providing forward guidance. They stated, "The market will expect stability from Warsh, but the risk of disappointment remains high." Strategists believe Warsh may try to improve his communication style, but forward guidance may still be insufficient. "The market will be looking for clues about its response mechanisms and a reaffirmation of the Feds ability to combat inflation." Strategists anticipate Warshs speech will be gradual rather than disruptive.Both WTI and Brent crude oil prices fell slightly by about $0.50 in the short term, to $86.32 and $92.07 per barrel, respectively.On August 21, Li Qiang chaired an executive meeting of the State Council. The meeting emphasized the need to strengthen prevention and source control, improve the operation and maintenance of power equipment and facilities, conduct thorough risk and hazard investigations, and rigorously control the quality of all stages of design, construction, and acceptance of new projects to ensure the safe and stable operation of the power system. The meeting also stressed the importance of enhancing emergency response capabilities for power safety accidents, continuously promoting the iterative upgrading of technology and equipment, and improving the collaborative management framework among various departments.On August 21, Premier Li Qiang chaired an executive meeting of the State Council. The meeting emphasized the need to continue the fight for blue skies, strengthen targeted guidance, enhance governance and joint prevention and control in key areas, improve fiscal, financial, and pricing support policies, and promote the optimization of industrial, energy, and transportation structures to persistently improve air quality. It also stressed the importance of mobilizing all sectors to promote green production and lifestyles.According to The Information, Nvidia (NVDA.O) will pay $6 billion to AI model startup Poolside as part of a licensing and talent acquisition agreement.
