EUR/USD
1.17862
0.150%
Gold
4815.37
-0.804%
Oil
86.470
4.249%
USD/JPY
158.881
0.205%
GBP/USD
1.35355
0.124%
GBP/JPY
215.057
0.327%
Real-time News
On April 21, the U.S. Congress will hold its first confirmation hearing for Federal Reserve Chair nominee Warsh on Tuesday. Warsh will promise members of Congress that he will maintain strict independence on interest rate issues. According to his opening remarks obtained in advance by Politico, Warsh stated that interest rate decisions must be strictly independent of political considerations, and monetary policy should not be used as a tool for short-term political goals. He emphasized that the Feds credibility comes from institutional constraints and policy discipline. Warsh stated that the central bank should listen to different opinions, and that politicians views on interest rates are not a real threat. On the contrary, it is the Feds own discipline and rigorous approach that maintains its independence. He stressed that price stability is the Feds shield and promised to take full responsibility for it, "without making any excuses or shirking responsibility." Regarding the Feds expanding functions in the post-crisis era, Warsh also warned against extending its reach into areas where it lacks statutory authority, such as fiscal or social policy. The U.S. Senate Banking Committee will hold a confirmation hearing for Warshs nomination at 10 p.m. Beijing time on April 21.The White House announced that President Trump signed documents related to domestic oil production under the Defense Production Act and a memorandum of understanding concerning natural gas transmission, processing, storage, and liquefied natural gas capacity.The Dow Jones Industrial Average closed down 4.87 points, or 0.01%, at 49,442.56 on Monday, April 20; the S&P 500 closed down 16.92 points, or 0.24%, at 7,109.14; and the Nasdaq Composite closed down 64.09 points, or 0.26%, at 24,404.39 on Monday, April 20.On April 21st, U.S. stocks closed lower. The Dow Jones Industrial Average fell 0.01%, the S&P 500 fell 0.24%, and the Nasdaq Composite fell 0.26%, with the latter two failing to achieve a 14-day winning streak. Intel (INTC.O) fell 4%, Arm (ARM.O) rose 5%, and Tesla (TSLA.O) fell 2%. The Nasdaq China Golden Dragon Index closed down 0.3%, while Baidu (BIDU.O) rose over 1%.On April 21, according to a statement released on the French Ministry of the Interior website on April 20, the French National Security Documents Agency (NSSA), responsible for processing vehicle registrations, drivers licenses, ID cards, and passports, detected a security incident on April 15 involving a data breach affecting users of its portal website. The French Ministry of the Interior stated that the leaked data involving users personal accounts included personally identifiable information such as names, email addresses, and dates of birth; in some cases, it may have also included mailing addresses, places of birth, and phone numbers. However, this data breach did not include supplementary documents submitted by users during the application process, nor did it lead to unauthorized access to the portal website accounts.
