EUR/USD
1.16455
-0.084%
Gold
4552.79
-0.292%
Oil
102.112
0.099%
USD/JPY
158.949
0.063%
GBP/USD
1.34162
-0.122%
GBP/JPY
213.252
-0.057%
Real-time News
On May 19, HarmonyOS announced that the cumulative delivery of the Wenjie M7 has reached 450,000 units.Futures News, May 19th - According to foreign media reports, Japanese rubber futures rose for the second consecutive trading day on Tuesday, supported by a weaker yen and tighter supply from Thailand, the worlds leading rubber producer. The Thai Meteorological Department stated that heavy rainfall is expected in the country from May 19th to 21st, which will keep supply in producing areas tight. However, the agency also expects the weather disruptions to ease from May 22nd. Meanwhile, Tianfeng Futures in China pointed out that the capacity utilization rate of butadiene rubber plants in China has increased month-on-month, leading to a short-term increase in market supply.Hong Kong-listed mobile game stocks continued their upward trend, with NetEase-S (09999.HK) rising nearly 3%, Bilibili (09626.HK) rising over 2%, and Kingsoft (03888.HK), Tencent Holdings (00700.HK), and others following suit.On May 19th, the Reserve Bank of Australia (RBA) stated in its latest meeting minutes that a third consecutive rate hike would provide it with room to monitor how households and businesses are responding to the impact of the Middle East conflict, which has led to soaring fuel prices. The minutes indicated that "while uncertainty remains, financial conditions are likely to tighten to some extent following this decision." According to the minutes, committee members discussed whether to raise rates or hold them steady, with eight of the nine members deciding there was more reason to raise rates to 4.35%. The minutes showed that the rate hike "will give the Committee room to observe developments in the Middle East conflict and how households and businesses are responding." The Committee acknowledged that policy action cannot alter the "short-run trajectory" of inflation. Money markets expect the RBA to raise rates at least once more this year, with a greater than 50% probability of two hikes. After raising rates again two weeks ago, the RBA has completely reversed all of last years accommodative policies.On May 19th, Citigroup analyst Jin-Wook Kim stated that due to strong first-quarter GDP data and continued fiscal stimulus measures, the Bank of Korea is expected to raise its 2026 GDP growth forecast from 2.0% to 2.5%-2.7% at its policy meeting on May 28th. Kim also noted that considering the impact of rising oil prices, the Bank of Korea is expected to further raise its 2026 consumer inflation forecast from 2.2% to 2.6%-2.8%. Citigroup maintains its view that the Bank of Korea will raise interest rates four times, in July and October 2026, and January and April 2027.
