EUR/USD
1.14535
0.188%
Gold
4174.17
1.225%
Oil
68.921
0.735%
USD/JPY
160.868
-0.146%
GBP/USD
1.33691
0.175%
GBP/JPY
215.071
0.042%
Real-time News
French industrial production fell 0.1% month-on-month in May, compared with an expected decline of 0.4% and a revised figure of 0.3% for the previous month (originally 0.10%).Japans Government Pension Investment Fund (GPIF): For the fiscal year ending in March, its investment return rate was 16.47%, significantly higher than the 0.71% of the previous fiscal year.July 3rd - The "15th Five-Year Plan for Circular Economy Development" proposes to effectively streamline the waste recycling network, strengthen the refined collection of industrial waste, promote the standardized recycling of social waste, and specifically improve the recycling capacity of key waste categories. It also calls for vigorously promoting the upgrading of the circular economy industry, optimizing the industrial layout, accelerating the upgrading of technology and equipment, cultivating and expanding the circular economy service industry, and strengthening industry supervision measures. Furthermore, it emphasizes strengthening institutional and policy guarantees for the development of the circular economy, conducting in-depth publicity and guidance, and enhancing international cooperation in the circular economy.July 3rd - The "15th Five-Year Plan for Circular Economy Development" proposes to comprehensively solidify the foundation for waste reduction, widely promote green product design, deepen clean production in industries, and actively promote green consumption throughout society. It also calls for accelerating the improvement of resource utilization levels, focusing on the efficient recycling of industrial resources, deepening the ecological circular development of agriculture and forestry, vigorously promoting green construction throughout the entire engineering process, fully releasing the potential of traditional "urban mining" resources, and accelerating the addressing of shortcomings in the recycling of solid waste such as the "new three types" (referring to new types of waste). Furthermore, it emphasizes continuously expanding the scale of reuse, promoting the import and utilization of high-quality recycled raw materials from overseas, expanding the application scale of recycled materials, promoting high-level remanufacturing, and standardizing the development of the second-hand goods circulation and trading market.On July 3rd, Karen Manna, Senior Fixed Income Portfolio Manager at Federated Hermes, pointed out in a report that the most significant change in the fixed income market in the first half of 2026 is the resurgence of "inflation expectations." She stated that historically, geopolitical conflicts have triggered risk aversion, pushing up US Treasury prices and thus depressing yields. However, following the outbreak of the conflict in Iran, inflation concerns dominated the market, pushing up yields—especially in the short end of the yield curve. Therefore, market expectations have shifted dramatically; instead of anticipating more than two rate cuts as previously expected, the market is now discussing the possibility of one or even two rate hikes.
