EUR/USD 1.14074
-0.035%
Gold 4114.78
0.218%
Oil 72.086
0.104%
USD/JPY 162.395
0.189%
GBP/USD 1.33516
-0.052%
GBP/JPY 216.830
0.154%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Reserve Bank of New Zealand stated that part of the purpose of raising interest rates at this meeting was to avoid unnecessary further easing of financial conditions.Reserve Bank of New Zealand: Inflation expectations have declined recently as current oil futures prices are priced significantly below the assumptions made in the May statement.Reserve Bank of New Zealand: The committee unanimously agreed that while there is a high probability of further interest rate hikes at future meetings, the timing is highly uncertain.The Reserve Bank of New Zealand: The Monetary Policy Committee reached a consensus today to raise the Official Cash Rate (OCR).July 8th - Today (July 8th), the Ministry of Civil Affairs held a press conference in Beijing to release the "Guidelines for the Construction and Management of a Three-Tier Urban and Rural Elderly Care Service Network." This aims to create a comprehensive elderly care service network covering urban and rural areas, encompassing home, community, and institutional care, allowing seniors to access professional elderly care services conveniently nearby. The guidelines stipulate the integration of various resources, such as county-level special hardship support service institutions, to establish comprehensive elderly care service management platforms at the county (city, district, banner) level. These platforms will undertake functions such as service demonstration, industry guidance, and resource coordination, promoting smart management and utilizing intelligent devices to accurately profile the conditions and needs of seniors and promptly match services, thereby coordinating the regional development of elderly care services.

WTI advances toward $75.00 as China-related demand optimism offsets recession fears

Daniel Rogers

Jan 09, 2023 11:55

244.png 

 

In the early hours of Monday, WTI steadily climbs near the intraday high of $74.70 as bullish emotion competes with economic slowdown worries. Despite this, the weaker US Dollar and a light schedule allow buyers of black gold to maintain control following Friday's mixed performance.

 

In spite of this, the risk profile remains elevated in light of China's reopening of its borders after a three-year closure. On the same line, Guo Shuqing, party secretary of the People's Bank of China, made his remarks (PBOC).

 

Reuters, transmitting China unlock news, claimed that "about 2 billion journeys are anticipated this season, roughly doubling the volume of previous year, and recovering to 70% of 2019 levels," citing a statement from the Chinese government.

 

On the other side, PBOC's Shuqing stated, "The world's second-largest economy is likely to recover rapidly due to the country's optimal Covid-19 response and the continued implementation of its economic policies."

 

The US Dollar Index (DXY) fell the most in three weeks the day before, down 0.20% intraday to 103.70 as of press time, as the US employment report failed to excite greenback purchasers and the US activity numbers stoked fears of an economic slowdown. It's worth mentioning that the previous day's disappointing US wage growth, ISM Services PMI, and Factory Orders weighed on Treasury bond yields and the DXY.

 

On a different page, reports regarding a delay in the restoration of the colonial pipeline and the Russia-Ukraine conflict appear to also benefit energy buyers. Traders fear additional rate hikes ahead of the release of the Consumer Price Index (CPI) for December from China and the United States on Wednesday and Thursday, respectively, which tests the positive momentum.

Suggestion