EUR/USD
1.14443
-0.206%
Gold
4030.32
-0.881%
Oil
84.198
0.737%
USD/JPY
163.587
0.115%
GBP/USD
1.33363
-0.238%
GBP/JPY
218.171
-0.120%
Real-time News
On July 30th, Eckhard Schulte, Chairman of the Board of MainSky Asset Management, stated in a report that Federal Reserve Chairman Warshs avoidance of providing any form of forward guidance makes it extremely difficult for the market to form a coherent analysis of Fed policy. The market will have to adapt to this communication style; the resulting high level of uncertainty will drag down stocks, long-term bonds, and the dollar. Warsh clearly stated that the Fed is serious about its 2% inflation target and intends to achieve it. However, he did not provide a coherent explanation for why the Fed did not heed the opinions of three dissenting members who advocated for interest rate hikes.Royal Bank of Canada: Lowered its price target for Boston Scientific (BSX.N) from $85 to $70.According to monitoring of 500 county-level markets and collection points nationwide, in the fourth week of July (collection date July 23), prices of piglets, pork, eggs, chicken, commercial broiler chicks, mutton sheep, raw milk, and soybean meal increased week-on-week. Prices of live pigs, commercial layer chicks, live cattle, and broiler feed decreased week-on-week. Prices of beef, corn, fattening pig feed, and layer hen feed remained unchanged week-on-week. The national average price of piglets was 23.20 yuan/kg, up 1.3% from the previous week and down 34.9% year-on-year. The national average price of live pigs was 11.45 yuan/kg, down 0.4% from the previous week and down 22.9% year-on-year. The national average price of pork was 20.96 yuan/kg, up 0.1% from the previous week and down 17.4% year-on-year. The national average price of eggs was 10.96 yuan/kg, up 1.3% from the previous week and up 27.0% year-on-year. The national average price of corn was 2.48 yuan/kg, unchanged from the previous week and down 0.8% year-on-year.Meta Platforms shares fell 7.4% on the Tradegate trading platform after it reported a 91% drop in free cash flow.BP (BP.N): Commenced the Atlantis expansion project, a major facility in the U.S. Gulf Coast. The expansion will add two subsea injection wells. Completed ahead of schedule and below budget, the project is expected to increase average annual peak production by approximately 10,000 barrels of oil equivalent per day.
