EUR/USD
1.15251
-0.340%
Gold
4000.92
-0.581%
Oil
60.665
0.905%
USD/JPY
154.102
-0.032%
GBP/USD
1.31360
-0.106%
GBP/JPY
202.432
-0.122%
Real-time News
On November 2nd, a federal court in Rhode Island ordered the government to submit a plan by November 3rd to ensure full payment of food assistance benefits, or at least partial payment by November 5th. November 1st marked the 32nd day of the US government shutdown. The Supplemental Nutrition Assistance (SNAP) program, affecting tens of millions of people, has become the biggest focus of the shutdown. A federal judge in Rhode Island had previously ruled that the federal government must use emergency funds during the shutdown to maintain the food relief program.November 2nd - Investors and economists widely expect the Bank of England to pause interest rate cuts at its meeting next Thursday, ending its more than year-long pattern of quarterly rate cuts. The UK inflation rate is currently close to double the 2% target, and the autumn budget will be announced on November 26th, making policymakers more cautious. However, this pause may only be temporary. Recent weaker-than-expected inflation, employment, and output data have led to a significant increase in market bets on a December rate cut. While investors currently believe a rate cut this week is unlikely, the probability of a cut on December 18th has risen to nearly 60%. Bank of England Governor Bailey has warned that the timing of the next rate cut remains uncertain, especially given that this meeting comes just three weeks after Chancellor Reeves announced the key budget. Reeves previously raised employer payroll tax in April, which was criticized for driving up food prices. If the budget includes another large-scale tax increase targeting households, it could further damage the already weak UK economy.November 2nd - On November 1st, SAIC Motor Passenger Vehicle announced that in October 2025, the retail sales of Roewe and MG vehicles exceeded 84,000 units, representing a year-on-year increase of 3%.Russian regional authorities say a Ukrainian drone strike damaged an oil tanker at the Russian Black Sea port of Tuapse.On November 2nd, the Russian Ministry of Defense stated on November 1st that Russian forces had surrounded Ukrainian troops in the city of Krasnodar, and that Ukrainian personnel had begun to surrender. The Commander-in-Chief of the Ukrainian Armed Forces, Sergei Syrsky, stated that the Pokrovsk-Milnokhlad urban cluster was not surrounded or blockaded by Russian forces, and that Ukrainian forces were currently conducting comprehensive operations. The Ukrainian military stated that it was increasing the number of assault teams in Pokrovsk.
