EUR/USD
1.16022
-0.127%
Gold
4515.72
-0.602%
Oil
96.677
-0.522%
USD/JPY
159.128
0.095%
GBP/USD
1.34394
0.065%
GBP/JPY
213.845
0.162%
Real-time News
May 22 - Bradley Saunders, an analyst at Capital Economics, stated that although Canadian retail sales fell 0.7% month-over-month in March, a smaller decline than expected, combined with other data, the strong start to the year for household spending is now a thing of the past. In nominal terms, retail sales rose 0.9% month-over-month in March, stronger than the previously estimated 0.6%. Preliminary estimates indicate that sales will further increase by 0.6% in April. Saunders pointed out that the 5% increase in gasoline prices last month likely contributed almost all of the sales growth, therefore he expects actual sales to be roughly flat in April.The Los Angeles Fire Department has responded to an oil pipeline leak that occurred during construction. The pipeline has been shut off at the source, and flow at the incident site has been stopped.Federal Reserve Governor Waller: It is healthy for the Federal Reserve to have differing opinions and engage in debate.May 22 – Currently, my country boasts the worlds largest urban underground pipe network. Recently, the State Council Executive Meeting reviewed and approved the "15th Five-Year Plan for Urban Renewal," providing a "task list" and "roadmap" for the construction and renovation of urban underground pipe networks during the 15th Five-Year Plan period. Xing Haifeng, a first-level inspector of the Urban Construction Department of the Ministry of Housing and Urban-Rural Development, stated: "During the 15th Five-Year Plan period, it is estimated that 770,000 kilometers of urban underground pipe networks will be constructed and renovated, driving investment of approximately 5 trillion yuan, further enhancing urban operational safety and resilience." Experts indicate that the construction and renovation of urban underground pipe networks not only addresses urban safety shortcomings and improves operational efficiency and safety resilience, but also serves as a crucial tool for expanding effective investment and stabilizing economic growth, directly stimulating demand across multiple links in the upstream and downstream of the industrial chain, including pipe materials, construction machinery, intelligent sensing equipment, and construction services.Federal Reserve Governor Waller: I firmly believe in the importance of central bank independence.
