EUR/USD
1.15403
0.137%
Gold
4377.65
-0.698%
Oil
80.146
-1.856%
USD/JPY
159.117
-0.187%
GBP/USD
1.35038
0.071%
GBP/JPY
214.876
-0.107%
Real-time News
On August 13th, Goldman Sachs analyst Robert Kaplan stated that the Federal Reserves decision not to raise interest rates in July was "absolutely" correct, and urged policymakers to remain open-minded until September, arguing that the factors influencing inflation are complex and that rigid forward guidance would be counterproductive. Kaplan stated, "If I see meaningful improvement, I might be willing to continue holding rates steady, but I want to make full use of every opportunity before September to make judgments, avoiding rigidity or preconceived notions." Kaplan believes current forces include: inflationary pressures from the development of artificial intelligence, tariffs, labor constraints, and soaring oil prices; meanwhile, AI applications are having the opposite effect, accelerating the downward trend in inflation. He suggested that Warsh should use his speech at this months Jackson Hole symposium to briefly explain the reasons for the Feds decision to hold rates steady in July, rather than giving a purely "philosophical" speech. Kaplan stated that his concerns about long-term US Treasury bonds outweigh his concerns about the federal funds rate itself. He stated that the global rise in long-term Treasury yields reflects a structural supply-demand imbalance driven by persistently large fiscal deficits, rather than Fed policy.Bank of England Chief Economist Peel: UK economic growth provides a reason to raise interest rates.The Nasdaq extended its gains to 1%, while SanDisk (SNDK.O) and SK Hynix rose more than 4%.On August 13th, driven by factors such as the reallocation of maturing deposits and the return of deposits to wealth management products at the end of the quarter, the size of the bank wealth management market reached a new high in July, exceeding 35 trillion yuan. Exclusive data compiled from reliable industry sources shows that the 14 wealth management companies with assets under management exceeding 1 trillion yuan (including 6 state-owned bank wealth management companies and 8 joint-stock bank wealth management companies, accounting for approximately 80% of the market share) saw a net increase of 1.7 trillion yuan in assets under management in the first seven months of this year, of which approximately 1.66 trillion yuan came from "fixed income+" products. At the end of July, the total outstanding assets of these 14 wealth management companies amounted to 27.1 trillion yuan. Data from the China Banking Wealth Management Registration and Custody Center shows that the total outstanding assets in the market reached 33.66 trillion yuan at the end of June this year.DATABRICKS has completed a $5 billion funding round at a valuation of $190 billion.