EUR/USD
1.16257
0.244%
Gold
4467.23
0.741%
Oil
92.397
-1.857%
USD/JPY
159.850
-0.142%
GBP/USD
1.34402
0.176%
GBP/JPY
214.846
0.036%
Real-time News
June 4th - According to a Wall Street Journal survey, the Reserve Bank of India (RBI) is likely to maintain its policy repo rate at 5.25% on Friday. Nine of the 11 economists surveyed hold this view, while two others expect the RBI to raise the repo rate by 25 basis points to 5.50%. ANZ economist Diraj Niem stated that a rate hike might be reasonable given the continued downward pressure on the rupee and the possibility that rising inflation could exceed the RBIs 6% tolerance limit later this year and remain high. However, analysts at Citigroup Research stated that the RBI has previously indicated a willingness to wait for the second round of inflationary effects before taking action, and that using interest rates to defend the currency will be a last resort. Bank of America economists stated that while the case for a rate hike is accumulating, they believe there is currently no room for a significant rate increase to stabilize the rupee.French prosecutors say the Russian captain of the oil tanker with ties to Moscow has been released.US semiconductor stocks continued to decline in pre-market trading, with Broadcom (AVGO.O) falling more than 13%, Micron Technology (MU.O) down 6%, and AMD (AMD.O) and Intel (INTC.O) down 4%.According to media reports, South Koreas LG Group will purchase 10,000 GPUs from Nvidia (NVDA.O).On June 4th, China Overseas Grand Ocean Group (00081.HK) announced on the Hong Kong Stock Exchange that in May 2026, the China Overseas Grand Ocean Group series of companies achieved contracted sales of RMB3,812,000,000 and contracted sales area of 323,700 square meters, representing year-on-year increases of 26.6% and 25.0%, respectively. From January to May 2026, cumulative contracted sales reached RMB15,244,000,000 and contracted sales area reached 1,299,600 square meters, representing year-on-year increases of 21.3% and 20.3%, respectively. As of the end of May 2026, the cumulative subscription amount but not yet contracted was RMB678,000,000 and the subscription area but not yet contracted was 54,900 square meters.
