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1.13699
0.026%
Gold
4049.24
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Oil
80.491
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163.752
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GBP/USD
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Real-time News
On July 28, Foreign Ministry Spokesperson Lin Jian held a regular press conference. Lin Jian stated that four months have passed since the illegal entry of Japanese Self-Defense Force officer Akihiro Murata with a knife into the Chinese Embassy in Japan. Despite repeated strong representations from China, the Japanese side has repeatedly delayed the investigation and handling of the case, using various pretexts such as so-called "mental evaluation," and has failed to promptly and severely punish the perpetrator. China expresses its strong dissatisfaction with this. Lin Jian pointed out that serious incidents threatening the security of Chinese embassies and consulates in Japan have continued to occur from time to time. "We once again urge the Japanese side to thoroughly investigate and rectify the situation, reflect on its mistakes, delve into the root causes, and provide a responsible explanation to China and the international community," Lin Jian said.On July 28, Foreign Ministry Spokesperson Lin Jian held a regular press conference. A reporter from The New York Times asked, "According to reports, the U.S. State Department plans to invest hundreds of millions of dollars to counterbalance Chinas growing influence in the Americas, Africa, and Asia. What is Chinas response to this?" Lin Jian stated that normal relations and cooperation between countries should not be targeted at any third party. China has consistently opposed the formation of closed and exclusive "small circles." Lin Jian emphasized that Chinas cooperation with relevant countries and regions, especially with developing countries, is not about courting or confronting anyone, but about jointly safeguarding world peace, promoting global development, maintaining international order, and jointly building a community with a shared future for mankind.July 28th Futures News: On July 28th, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 338,646 tons, an increase of 8,264 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 2,758 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,600 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 119 tons. 6. Petroleum asphalt futures warehouse receipts: 11,290 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 18,210 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 2,961,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.July 28th - Despite escalating risks in the Red Sea, oil prices largely continued their downward trend as a temporary de-escalation of US-Iran hostilities spurred diplomatic efforts, with Iran and Oman seeking an agreement to reopen the Strait of Hormuz. Additionally, reports that the Caspian Pipeline Union terminal had resumed loading operations also weighed on prices, after a week-long suspension. Despite the market sell-off, supply risks remain high. Saudi Arabia stated it intercepted drones launched by Iranian-backed Iraqi militias targeting oil facilities. Meanwhile, Goldman Sachs data showed that Persian Gulf oil flows have fallen to 41% of pre-war levels; Red Sea oil shipments decreased by more than 3 million barrels per day in the past week, due to factors including Saudi Arabias rerouting of some export routes through the Suez Canal and Russias significant reduction in Red Sea oil shipments.French consumer confidence rose more than expected in July, recovering some of the losses since the start of the Iran-Iraq War. Data released Tuesday by the French National Institute of Statistics and Economic Studies (Insee) showed that the household confidence index rose to 86 in July from 84, the highest level since March, one point higher than the median forecast by economists, mainly driven by improved expectations of personal finances and living standards. Despite the improvement, the index remains significantly below its long-term average of 100. The French economy contracted at the beginning of the year, and second-quarter data to be released later this week is expected to show only 0.2% growth. Consumer spending has been weak due to pressure from accelerating inflation and government cuts to fuel subsidies to control a large budget deficit. The European Central Bank said last week that the full impact of the energy shock "has not yet fully materialized." Although the bank did not take further measures to raise interest rates to curb inflation at its July meeting, it noted that prices still face upside risks. However, Insees inflation expectations index showed that the proportion of households that believe prices have risen over the past year has declined, and the gap between households expecting accelerating prices and those that do not has narrowed significantly.
