EUR/USD
1.16164
0.064%
Gold
4120.09
0.529%
Oil
61.501
3.836%
USD/JPY
152.540
0.377%
GBP/USD
1.33236
-0.243%
GBP/JPY
203.242
0.146%
Real-time News
US President Trump: Received a call from Nvidia CEO Jensen Huang about San Francisco.On October 24th, The Guardian reported that sources said British Chancellor of the Exchequer Reeves is considering raising income tax in next months budget to help narrow the multi-billion pound fiscal deficit. Reports indicate that Reeves, facing a fiscal gap exceeding £30 billion, is actively discussing whether to break a key Labour Party campaign promise of not raising income tax. Government officials are considering options such as increasing the basic income tax rate or adjusting the tax threshold. Reeves hopes to reduce the deficit by the end of the decade by balancing day-to-day spending with tax revenue. The current budget deficit reached £71.8 billion between April and September, a 17% year-on-year increase.On October 24, the European Union decided to postpone until December whether to use frozen Russian central bank assets to aid Ukraine after Belgium requested more guarantees to ensure it would not be liable for risks associated with the 140 billion euro loan. People familiar with the matter said that EU leaders asked the European Commission to draft options for them to consider at the next summit, with the goal of reaching a final agreement before the end of the year.On October 24, the White House stated that President Trump is increasingly disappointed with Russias inadequate peacemaking efforts and hopes to see action, not just talk, to end the conflict. The White House also stated that a meeting with Russian President Vladimir Putin is not completely impossible. White House Press Secretary Levitt said at a press conference, "I think the president and the entire administration hope to have another meeting someday, but we want to ensure that this meeting can produce tangible, positive results."On October 24th, Russian President Vladimir Putin responded to US President Trumps comments regarding the Budapest summit, stating that the US is currently leaning toward postponing the summit rather than canceling it. "Based on the latest US statement, I understand that the US president has decided to cancel or postpone the meeting. Judging from his statement, a postponement is more likely," Putin told reporters. He emphasized that hastily holding the Budapest summit without adequate preparation would be a major mistake. "Such high-level meetings must be carefully prepared. It would be a mistake for both me and the US president to treat the summit lightly or fail to achieve the expected results."
