EUR/USD
1.17142
0.135%
Gold
4765.15
-0.007%
Oil
91.389
-0.594%
USD/JPY
159.162
0.118%
GBP/USD
1.34443
0.070%
GBP/JPY
213.985
0.205%
Real-time News
U.S. Trade Representative Greer: (Regarding metal tariffs) We have been in talks with car companies.On April 10, Li Qiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, chaired a symposium with economic experts and entrepreneurs on the afternoon of April 10 to solicit opinions and suggestions on the current economic situation and the next steps in economic work. Li Qiang emphasized the need to focus on promoting the high-quality and efficient development of the service industry, addressing the needs of people throughout their entire life cycle and the needs of enterprises throughout their entire production and operation processes. He stressed the importance of implementing the service industry capacity expansion and quality improvement action, adhering to the principle of coordinating development and regulation, and cultivating more "Chinese service" brands. He also emphasized deepening and expanding "artificial intelligence +", accelerating the digital transformation of manufacturing, and supporting the overall leapfrog development of the industrial system through the deep integration and mutual empowerment of advanced manufacturing and modern service industries. Furthermore, he stressed the need to vigorously promote employment and income growth for urban and rural residents, tapping the employment potential of various channels and fields, vigorously cultivating new occupations and positions, promoting changes in employment concepts and improving vocational skills, formulating and implementing plans to increase the income of urban and rural residents, and strengthening the virtuous cycle of increased income, expanded domestic demand, and economic development.On April 10, Li Qiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, chaired a symposium with economic experts and entrepreneurs on the afternoon of April 10 to solicit opinions and suggestions on the current economic situation and the next steps in economic work. At the symposium, Guo Lei, Liu Yi, Ma Guangrong, Xu Wei, Feng Boming, Wu Jianxiong, Li Bin, Yang Zhilin, and others spoke in turn. They agreed that my countrys economy had a good start in the first quarter, with many indicators exceeding expectations. Although external shocks posed challenges to economic operations, proactive and effective macroeconomic policies have provided a strong response, and new momentum for high-quality development has been continuously accumulating and strengthening. Participants also offered opinions and suggestions on enhancing economic resilience, consolidating the foundation for development, and promoting sustained economic improvement.On April 10th, He Yang, Vice Minister of the National Energy Administration of China, met with Selvin Hart, Special Advisor to the Secretary-General for Climate Action and Assistant Secretary-General of the United Nations, in Beijing on April 9th. The two sides exchanged views on deepening cooperation. He Yang stated that China is continuously strengthening its energy security capabilities by accelerating the construction of a green, low-carbon, safe, and efficient new energy system. China possesses advanced technologies and abundant solutions in the field of clean energy and is willing to strengthen communication and coordination with the United Nations to actively promote international cooperation in clean energy. Hart stated that the current global energy crisis caused by the conflict between the US, Israel, and Iran will further prompt countries to accelerate their low-carbon energy transition. He expressed hope for deepening exchanges and cooperation with China to jointly promote global energy transformation.On April 10th, foreign exchange analyst Giuseppe Dellamotta stated that given the markets focus on the US-Iran negotiations and the widespread perception that Marchs inflation rise was caused by the war, the market is likely to ignore todays data, as everything hinges on the outcome of the negotiations. We can see significant divergence in overall CPI forecasts, but core CPI forecasts are more concentrated. The Federal Reserve is currently maintaining a firmly neutral stance but has opened the door to further tightening in case inflation expectations begin to rise or the war lasts longer than expected. The market expects 7 basis points of easing room by the end of the year, implying that neither rate hikes nor cuts are anticipated in 2026.
