EUR/USD
1.13693
0.020%
Gold
4043.22
-0.817%
Oil
80.806
-0.448%
USD/JPY
163.742
0.005%
GBP/USD
1.32945
0.051%
GBP/JPY
217.690
0.076%
Real-time News
July 28th - Pictet Wealth Management points out that the market is currently pricing in an unusually high probability of a Federal Reserve rate hike. "While we cannot completely rule out the risk of an unexpected rate hike, the current market pricing appears overvalued," said Senior U.S. Economist Xiao Cui in a report. The latest U.S. inflation data and comments from Fed officials have reinforced expectations that the Fed will keep interest rates unchanged at 3.5%-3.75% this week. However, she stated that officials continue to view inflation as a more significant policy risk, opening the door to tightening policy as early as September. Cui also believes that Logan and Hammark on the committee may vote against a 25-basis-point rate hike, and Kashkari may join this camp.July 28 – The Hong Kong Special Administrative Region (HKSAR) Government and the Ministry of Industry and Information Technology (MIIT) signed a cooperation agreement today (July 28) at the HKSAR Government Headquarters to jointly build a manufacturing innovation center in Hong Kong. Sun Dong, Secretary for Innovation, Technology and Industry, stated that this years budget has proposed allocating funds to build Hong Kongs first overseas national manufacturing innovation center, aiming to promote breakthroughs in key technologies, drive the industrialization of research results, and attract international talent. In this regard, the HKSAR Government supports the Hong Kong Microelectronics Research & Development Institute (MICRI) to take the lead in operating the innovation center, building upon its existing foundation. This move will align with the nations technology and industrial planning priorities and leverage Hong Kongs unique advantages within its existing semiconductor ecosystem.July 28th - On July 27th, Shanghai State-owned Investment Corporation and the Shanghai Branch of the Export-Import Bank of China signed a strategic cooperation memorandum. The two parties will deepen the strategic linkage between state-owned capital and policy-based finance, focus on policy-based financial products to support key strategic projects, explore new models of investment and loan synergy, and jointly cultivate new quality productivity.July 28 - Three sources familiar with the matter revealed on Tuesday that Saudi Aramco is considering a new pricing mechanism for crude oil loaded at Egypts Siddiqr port and shipped to Asia, to reflect increased transportation costs due to longer voyages caused by the diversion of Red Sea exports. Saudi Aramco has not yet immediately responded.Royal Bank of Canada: Lowered its price target for Tesla (TSLA.O) from $500 to $480.
