EUR/USD
1.15969
-0.022%
Gold
4077.73
-1.144%
Oil
58.236
1.224%
USD/JPY
151.684
-0.158%
GBP/USD
1.33199
-0.367%
GBP/JPY
202.045
-0.518%
Real-time News
On October 22, ING Bank analyst Francesco Pesole said the dollars ability to extend this weeks gains appears limited. Easing concerns about non-performing loans at US regional banks have boosted the dollar. However, Pesole said further dollar gains "will be harder to justify" unless the market finds a reason to rule out one of the Federal Reserves three interest rate cuts before March of next year. He said the most realistic driver of this weeks repricing of interest rate expectations would be higher-than-expected US inflation data on Friday, but this is unlikely to occur.On October 22, after the UKs inflation data came in lower than expected, market expectations that the Bank of England will cut interest rates in the coming months have increased. The annual inflation rate remained flat at 3.8% in September, but was lower than the general expectation of 4.0% by economists surveyed by The Wall Street Journal. Capital.com analyst Daniela Hathorn said: "The weaker data has eased concerns about stagflation and has caused the market to re-price the probability of the Bank of England cutting interest rates in the coming months." Data from the London Stock Exchange Group showed that the market expects the probability of the Bank of England cutting interest rates in December to be 74%, higher than the 46% expected before the data was released.On October 22nd, Defu Technology announced that it had signed a "Supplementary Investment Project Contract" with the Jiujiang Economic and Technological Development Zone Management Committee, agreeing to invest an additional RMB 1 billion to build R&D and production workshops for specialty copper foils, including carrier copper foil, buried barrier copper foil, and high-frequency and high-speed copper foil, as well as supporting equipment and facilities. The investment will be implemented at its controlling subsidiary, Jiujiang Amber New Materials Co., Ltd. The goal is to expand high-end copper foil production capacity, achieve import substitution, upgrade the industrial chain, and enhance the companys competitiveness in the high-end copper foil market. The signing of this contract does not constitute a related-party transaction or major asset restructuring and falls within the decision-making authority of the board of directors, requiring no shareholder review. The project construction will place pressure on the companys finances and cash flow, and carries risks such as absorbing the additional capacity, technological iteration, and management. The company will adjust the project implementation schedule based on actual circumstances and fulfill its information disclosure obligations in a timely manner.Russian Deputy Foreign Minister Ryabkov: Russia and the United States did not exchange documents on Ukraine in the form of "non-papers".On October 22, Suren Thiru, head of economics at the Institute of Chartered Accountants, said that although UK inflation fell short of expectations in September, there was little chance that the Bank of England would cut interest rates in November. Thiru said that the inflation rate remained at 3.8% in September, lower than the generally expected 4%. However, before Bank of England rate setters cut interest rates further, they may want to analyze the impact of any measures announced in the government budget on inflation. Thiru said that because the September data was used to increase spending on many key costs, including welfare payments and corporate business rates bills, there is a real risk that these still high inflationary pressures will become more stubborn. However, Thiru said that the unexpectedly limited reading suggests that inflation has now peaked.
