EUR/USD
1.16086
0.484%
Gold
4734.16
1.437%
Oil
94.554
-2.996%
USD/JPY
158.676
-0.023%
GBP/USD
1.33126
0.653%
GBP/JPY
211.169
0.628%
Real-time News
Federal Reserve Chairman Mossallem: The impact of artificial intelligence on the economy is mainly reflected in the expansion of data centers and energy investment.Federal Reserve Chairman Mossallem: Taking measures to reduce the financial systems demand for reserves would be a smoother approach.On April 1st, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, commented on the US March PMI data, stating that the US manufacturing sector has demonstrated encouraging resilience against the backdrop of the Middle East conflict. Business confidence in output for the coming year has also remained strong so far. This continued resilience stems partly from reduced concerns about government policies and also indicates that producers expect the impact of the war to be short-term and limited, although uncertainty remains. Currently, the impact of the conflict is still in its early stages, with soaring prices and delivery delays casting a shadow over the outlook and potentially pushing up inflation, dampening demand, and disrupting supply chains. Driven by soaring oil prices, factory input costs have risen sharply, and supplier delays are more prevalent than at any time since October 2022. As a result, some manufacturers are increasing inventories in anticipation of future price increases or supply shortages, and hiring has almost stalled to reduce labor costs, highlighting concerns that the war could cause problems for factories in the coming weeks.The US March ISM Manufacturing PMI and January Business Inventories month-on-month rate will be released in ten minutes.Federal Reserve Chairman Mussaleam: We can shrink our balance sheet by reducing the supply of reserves or reducing the demand for reserves.
