EUR/USD
1.14321
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Gold
3996.17
0.497%
Oil
79.743
1.089%
USD/JPY
162.388
0.015%
GBP/USD
1.34317
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GBP/JPY
218.121
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Real-time News
Ukrainian President Zelensky: Discussed the appointment of acting defense minister with the new prime minister.According to Japans Kyodo News, the Japanese Diet has decided to extend its current session by eight days until July 25, as the ruling coalition needs more time to pass key bills.July 17th - Chongqing Zhongyu Land announced its plan to acquire a 25% stake in a target joint venture for HK$251 million. According to the sale and purchase agreement, Crystal Concept will acquire 50 issued shares of the target joint venture, representing 25% of all issued shares.Next week will see a flurry of earnings reports from tech stocks, including Google (GOOGL.O), Tesla (TSLA.O), Intel (INTC.O), AT&T (TN), and IBM (IBM.N). On the economic data front, Chinas one-year loan prime rate as of July 20, the preliminary July S&P Global Manufacturing PMI for the US, and the June Conference Board Leading Economic Index for the US will also be released next week. For a complete earnings calendar, please check the calendar section of the US-Hong Kong Telecom APP. Click to view...On July 17, the European Commission proposed reducing the linear reduction factor of the Emissions Trading System (ETS) to 3.1% from 2031 to 2035, and further to 1.7% after 2036, down from the current 4.3%. It also proposed lowering the inclusion rate of the ETS market stability reserve to 12% after 2030, down from the current 24%. Furthermore, it proposed using international carbon offset credits to cover 2% of emissions reductions in the ETS sector, and adding 250 million tons of domestic carbon removals to the ETS. The Commission further proposed issuing 80% of free carbon emission permits to various industries in advance, with the remaining 20% to be issued after they complete their committed decarbonization investments.
