EUR/USD
1.15746
-0.035%
Gold
4334.18
-1.865%
Oil
84.308
0.259%
USD/JPY
159.609
0.093%
GBP/USD
1.35313
-0.082%
GBP/JPY
215.958
0.011%
Real-time News
The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 5.6 occurred near Haixi Prefecture, Qinghai Province at 05:36 on August 19. The final result is subject to the official rapid report.Moodys expects Nvidias (NVDA.O) balanced capital allocation policy to support its "exceptionally strong net cash position and credit metrics."According to The Information: Google (GOOG.O) claims its AI can do some of the work of frontline deployment engineers.Moodys affirmed Nvidias (NVDA.O) Aa1 rating with a positive outlook.On August 19th, Kenji Koshimizu, co-head of Mizuhos global markets division, stated that the Bank of Japan (BOJ) may raise interest rates again as early as September, potentially increasing the frequency of policy adjustments from approximately once every six months to once every three months. Koshimizu noted that the weak yen and inflationary pressures are pushing the BOJ to accelerate its actions, and he does not rule out two rate hikes before the end of the year, bringing the policy rate to 1.5%. The market currently anticipates a 78% probability of a rate hike by the BOJ on September 18th. He stated that Mizuho will continue its conservative Japanese government bond investment strategy, focusing only on inflation-linked bonds and short-term government bonds. Although the 10-year JGB yield has risen to a 30-year high, it remains below Japans nominal economic growth rate of approximately 4%. Koshimizu believes that global structural changes and investment growth may further push up Japans neutral interest rate, while inflation risks remain skewed to the upside. Regarding the yen, he stated that the joint intervention by the US and Japan reflects both sides desire to prevent further yen depreciation, but the yens weakness is partly due to Japans loose monetary policy. He anticipates that the Japanese economy is undergoing a significant transformation in decades, and while the Japanese stock market remains attractive, financial market volatility may intensify.
