EUR/USD
1.13743
-0.325%
Gold
4044.94
-2.057%
Oil
90.909
5.842%
USD/JPY
163.804
0.407%
GBP/USD
1.33159
-0.437%
GBP/JPY
218.126
-0.031%
Real-time News
July 24th - The European Central Bank (ECB) is considering several options to alleviate its financial pressures, with discussions expected to enter a crucial phase this autumn. ECB President Christine Lagarde stated that policymakers will discuss raising minimum reserve requirements, i.e., increasing the proportion of funds commercial banks hold in non-interest-bearing accounts at the central bank. Furthermore, the ECB is also assessing options such as a tiered interest rate mechanism that no longer pays interest on some excess reserves, and charging banks fees. These measures aim to reduce the burden on national central banks and offset some of the losses from the stimulus policies of the past decade. The Eurosystem faces financial pressure due to the ECBs massive bond-buying program between 2015 and 2022, followed by rapid interest rate hikes in 2022-2023, which resulted in substantial interest payments to banks. Sources indicate that significant disagreements remain in the discussions surrounding this politically sensitive issue.Market news: Sources say European Central Bank (ECB) policymakers will discuss raising reserve requirements, tiered deposit rates, and fee mechanisms. Discussions surrounding the politically sensitive issue of the ECBs balance sheet losses are intensifying.July 24th - International oil prices continued to rise, with WTI crude oil surging 8.00% intraday to $93.87 per barrel. Brent crude oil surged 6.00% intraday to $96.11 per barrel.The head of the International Maritime Organization expressed serious concern about the pollution risks that may arise from the reported incidents in the Red Sea and previous incidents in the Strait of Hormuz region.Morgan Stanley raised its price target for Apple (AAPL.O) from $360 to $364 per share.
