EUR/USD
1.15289
0.103%
Gold
4069.73
0.055%
Oil
57.478
-0.686%
USD/JPY
156.720
0.212%
GBP/USD
1.30894
-0.116%
GBP/JPY
205.142
0.097%
Real-time News
November 24th - German business confidence unexpectedly declined in November, a new sign that overcoming economic stagnation remains a challenge despite increased government spending. Data released by the German think tank Ifo showed that Germanys Ifo Business Expectations Index fell to 90.6 in November from 91.6 in the previous month, while analysts had expected the reading to remain largely unchanged. Ifo President Clemens Fuest stated, "Businesses are assessing the current situation more positively." However, due to the "severely hit" outlook for manufacturing, "they have little confidence that an economic recovery will come quickly." These figures highlight skepticism about the governments plans to revive growth through investment in infrastructure and defense. While the German central bank and most other forecasting agencies expect output to grow in the fourth quarter after a turbulent 2025, some institutions have recently lowered their forecasts.Kremlin: We have not received any official information from the Geneva talks on Ukraine peace.German financial institutions predict that bond issuance in 2026 could exceed €500 billion.On November 24th, WeRide (00800.HK) announced that its total revenue for the third quarter of 2025 was RMB 171 million, a year-on-year increase of 144.3%. Product revenue increased by 428.0% year-on-year to RMB 79.2 million, and service revenue increased by 66.9% year-on-year to RMB 91.8 million. Revenue from autonomous taxis increased by 761.0% year-on-year to RMB 35.3 million, accounting for 20.7% of total revenue, up from 5.8% in the third quarter of 2024. Gross profit was RMB 56.3 million, a year-on-year increase of 1,123.9%, with a gross profit margin of 32.9%.Gold prices held steady on Monday, November 24th, as rising expectations of a Federal Reserve rate cut next month helped offset pressure from a stronger dollar. Ole Hansen, head of commodity strategy at Saxo Bank, said, "Investors assessed the prospect of another Fed rate cut after New York Fed President Williams hinted at room for a rate cut amid a weakening job market, and gold prices held steady. However, other officials were more cautious." Williams said on Friday that U.S. interest rates could fall without jeopardizing the Feds inflation target, while also helping to protect against a decline in the job market. According to CME FedWatch, after Williams dovish comments, bets on a rate cut next month surged from 40% to 72%.
