EUR/USD
1.17155
0.029%
Gold
4590.17
-0.152%
Oil
96.993
-0.503%
USD/JPY
159.584
-0.019%
GBP/USD
1.35219
0.033%
GBP/JPY
215.793
0.022%
Real-time News
Futures News, April 29th - According to foreign media reports, London Metal Exchange (LME) copper futures fell for the fourth consecutive day on Tuesday, hitting a two-week low, mainly due to a stronger US dollar, continued Middle East conflict boosting oil prices, and raising concerns about inflation and global economic growth. With the Iraq War now in its ninth week and no sign of a peaceful resolution in sight, the industrial metals sector continues to be affected by concerns about economic growth and demand stemming from the Middle East crisis. ING strategists stated that the conflicting parties appear to remain in a stalemate, and the supply of oil and other goods through the Strait of Hormuz remains severely restricted. This uncertainty puts pressure on the demand outlook for copper, which is dependent on economic growth. The market is focused on comments from central bank policymakers regarding inflationary pressures, with the Federal Reserve expected to maintain interest rates unchanged.According to foreign media reports on April 29th, American drivers are feeling an increasingly heavy "pain of refueling." Data from the American Automobile Association (AAA) on Tuesday (28th) shows that the average price of regular gasoline across the United States has risen to its highest level in nearly four years. Since the US-Israel attacks on Iran at the end of February, gasoline prices have risen by more than 40%. Data shows that the average price of gasoline across the US on Tuesday was close to $4.18 per gallon, up 11 cents so far this month; and up $1.19 per gallon since the end of February. More worryingly, there is still room for further price increases—last week, Brent crude futures rose by about 16% and US WTI crude rose by nearly 13% as diplomatic efforts to end the war with Iran stalled and supply concerns intensified. GasBuddy analysts pointed out that refinery maintenance and scheduled upkeep in the Great Lakes region will keep consumers in the region facing persistently high gasoline prices.The UKs National Institute of Economic and Social Research (NIESR) has lowered its 2026 UK economic growth forecast from 1.4% to 0.9% based on a moderate scenario.The UKs National Institute of Economic and Social Research (NIESR) predicts that, under a moderate scenario, the Bank of Englands interest rate will be raised to 4%.The UKs National Institute of Economic and Social Research predicts that the UK economy will grow by only 0.5% under an "unfavorable" Middle East scenario.
