EUR/USD
1.16362
0.088%
Gold
4205.08
-0.074%
Oil
58.216
-0.069%
USD/JPY
156.664
-0.143%
GBP/USD
1.33202
0.170%
GBP/JPY
208.684
0.033%
Real-time News
According to the latest data from the Fujairah Oil Industrial Zone in the UAE, as of the week ending December 8, 2025, total refined product inventories at the Port of Fujairah were 23.512 million barrels, an increase of 476,000 barrels from the previous week. Specifically, light distillate inventories decreased by 9,000 barrels to 7.316 million barrels, middle distillate inventories increased by 55,000 barrels to 3.268 million barrels, and heavy residual fuel oil inventories increased by 430,000 barrels to 12.928 million barrels.On December 10th, Shannon Saccoci, Chief Investment Officer of Neuberger Berman Wealth Management, stated in a recent memo that regardless of whether the Federal Reserve cuts rates this week, interest rates will eventually decline, driving a renewed acceleration in the US economy and opening up upside potential for risk assets. She pointed out that while market expectations for a 25-basis-point rate cut by the Fed on December 10th have fluctuated wildly in recent weeks, the truly crucial factor is the Feds overall dovish policy stance—which is constructive for the US economy and risk markets. Saccoci emphasized that while risks regarding the timing and magnitude of rate cuts remain, this does not change the ultimate goal: a lower and more accommodative federal funds rate in the second half of next year.December 10th - According to NHK, the Japanese government and ruling party are adjusting the tax system for the ultra-wealthy, particularly those with high asset income from stocks and land, as part of next years tax reform. The plan is to lower the base annual income threshold from the current approximately 3 billion yen or more to approximately 600 million yen or more, thus expanding the tax base. A problem with Japans current tax system is that wages and other income are subject to progressive income rates, while asset income such as gains from stock and real estate transfers is subject to a flat rate. This results in a relatively low overall income tax burden for the ultra-wealthy, whose income is heavily reliant on asset income. An additional tax has already been implemented for those with high asset income among the ultra-wealthy, whose annual income is approximately 3 billion yen or more starting this year. The new standard is expected to apply to income from the following year. At that time, the number of people subject to taxation is expected to expand from the current approximately 200-300 to approximately 2,000, and tax revenue is expected to increase by approximately 300 billion yen.Cmoles trading volume exceeded 10 billion yuan, and its stock price has risen by more than 17%.According to NHK, the Japanese government and ruling party are considering expanding the tax rate range for the super-rich in order to increase tax revenue.
