EUR/USD
1.17703
-0.080%
Gold
4672.69
-1.082%
Oil
95.587
3.885%
USD/JPY
157.075
0.223%
GBP/USD
1.36004
-0.200%
GBP/JPY
213.633
0.024%
Real-time News
Sources say that South Korea’s SK Energy has moved up its maintenance schedule for its Ulsan oil plant to mid-May, which will shut down production for about a month.On May 11, South Korean Finance Minister Koo Yoon-cheol stated that he expects South Koreas economic growth rate to exceed 2% this year, supported by surging global semiconductor demand. "We expect this years growth rate to exceed 2%," Koo said, adding that the specific growth rate will depend on the chip cycle and the Middle East conflict. Koo pointed out that strong exports surged 48% in April, resulting in a trade surplus of $23.8 billion. The countrys current account surplus also jumped to a record $37.3 billion in March. Even so, he stated that "inflation and the real estate market are direct risk factors," which are issues the government needs to address as a priority.Futures News, May 11th: Shanghai Futures Exchange (SHFE) Energy and Chemical Warehouse Receipts and Changes: 1. Pulp futures warehouse receipts: 199,456 tons, an increase of 478 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 15,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 957 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 5,360 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 58,530 tons, unchanged compared to the previous trading day. 6. Petroleum asphalt futures warehouse receipts: 24,200 tons, down 1,800 tons from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 21,790 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 3,511,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 19,050 tons, down 8,520 tons from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.May 11 - Gold futures fell 1% as oil prices rose amid lack of progress in US-Iran peace talks, fueling concerns about a prolonged disruption and escalating inflation. Soojin Kim, an analyst at MUFG Financial Group, stated, "The market increasingly expects interest rates to rise to address inflation risks associated with high energy prices, which is unfavorable for gold." Meanwhile, "strong US labor market data continues to support market expectations that the Federal Reserve will maintain high interest rates for an extended period."On May 11, local time, Iranian media PressTV reported on social media that within 24 hours, a second US Air Force F-35A Lightning II fighter jet issued an emergency code 7700 while flying over the Gulf of Oman and then diverted to the Zafra Air Base in the United Arab Emirates for an emergency landing. According to Iranian sources on May 10, a US Air Force F-35 fighter jet sent the 7700 emergency code while flying over the Gulf of Oman. This code indicates that the aircraft is in an emergency and urgently needs to land. Subsequently, the aircraft changed course towards the UAE and lowered its altitude.
