EUR/USD
1.16585
0.128%
Gold
4215.63
0.322%
Oil
59.988
0.187%
USD/JPY
155.256
-0.026%
GBP/USD
1.33272
-0.040%
GBP/JPY
206.918
-0.065%
Real-time News
Germanys seasonally adjusted industrial production figures for October will be released in ten minutes.On December 8th, Iranian Foreign Minister Araqchi, in an interview with Japans Kyodo News in Tehran over the weekend, stated that Irans nuclear facilities were "destroyed and severely damaged" during the 12-day war with the US and Israel in June, but Iran remains determined to continue its peaceful nuclear program. He stated that Irans nuclear facilities were "bombed, destroyed, and severely damaged" in the US and Israeli airstrikes, calling these attacks a clear and serious violation of international law—"perhaps the biggest violation of international law"—because these facilities are protected and under the supervision of the International Atomic Energy Agency. However, Araqchi emphasized that Iran, as a member of the Treaty on the Non-Proliferation of Nuclear Weapons, is determined to continue its peaceful nuclear energy program, pointing out that what was destroyed in the attacks were the facilities themselves, not Irans nuclear technology.On December 8th, European Central Bank (ECB) Executive Board member Gerard Schnabel agreed with investors bets on the ECBs next interest rate hike. Schnabel stated that borrowing costs are at a level that will remain appropriate for some time unless new shocks occur, and that consumer spending, business investment, and substantial government spending on defense and infrastructure will continue to boost the economy. The German hawk noted that economic and inflation risks are tilted to the upside. She hinted that new economic growth forecasts may be revised upwards at the December meeting, and analysts expect the deposit rate to remain at 2% for the fourth time. Schnabel is the first ECB policymaker to explicitly state that borrowing costs are not merely at an "appropriate level" (as repeatedly emphasized by ECB President Christine Lagarde and other ECB officials) but have reached their lower bound.ECB Executive Board member Schnabel: "I am reassured" by market bets that the next policy move will be an interest rate hike.The main fuel oil contract rose by 2.00% intraday, currently trading at 2511.00 yuan/ton.
