News

According to a Reuters survey: Economists do not expect the Bank of Canada to adjust interest rate policy before 2027. Some economists say they cannot rule out the possibility of the Bank of Canada cutting interest rates in the future.

According to Iran's Mahr News Agency: The United States attacked multiple locations in Abadan, Iran, killing at least two people.

Council of the European Union: The Council of the European Union adopted an aid measure totaling 120 million euros to support the Moldovan Armed Forces.

India's consumer price index inflation rate in June was 4.38% year-on-year, and the market forecast was 4.3%.

Shana, the official website of the Iranian Oil Ministry: Iran and Russia are close to finalizing a natural gas trade agreement.

European Commission: Launches "Team Gaza Initiative", pooling financial contributions of 883.6 million euros.

Sources: Riyadh Airways is formulating plans to purchase an additional 25 to 30 787 Dreamliners from U.S. aircraft manufacturer Boeing (BA.N) by exercising most of its remaining options.

Citigroup raised its price target for Apple (AAPL.O) to $365 from $315.

According to Reuters calculations: Russia's seaborne refined oil exports fell by 27% month-on-month in June.

Hungarian Central Bank Governor: There is room for further interest rate cuts in the summer.

Indian Commerce Minister: Reuters’ previous reports on our negotiations with the United States are baseless and misleading.

European Commission: Approved Hungary to inject 2 billion euros into the Hungarian Development Bank.

Kremlin: Paris Coalition of the Willing is a group of countries that want the conflict in Ukraine to continue. Those countries carry out hostile acts against Russia.

Kremlin: Questions about navigation restrictions in the Sea of ​​Azov have been forwarded to the Russian Transport Ministry.

Fed Governor Bowman delivered a speech on "Modernization and Reform of Financial Supervision." In her speech, she mentioned that the Financial Stability Board (FSB) has conducted a comprehensive assessment of the modernization reforms carried out by its member agencies and various standard-setting agencies. These modernization reform initiatives have been widely promoted across members and focus on a number of common goals, including: ensuring that the regulatory framework remains forward-looking and adaptable to current and emerging important risks; enhancing the pertinence and proportionality of supervision; reducing unnecessary compliance burdens; promoting responsible innovation; and using data and technology to empower supervision; and supporting economic growth. The next phase of the work will result in a report for public comment, scheduled to be released this fall. The report will then be submitted to the Group of Twenty (G20) as an important phased outcome of the commitment of all parties to jointly promote modernization reforms.

According to Iran's Mahr News Agency, explosions were heard around Bandar Abbas Port and Qeshm Island in Iran. The explosion was reported far away from the city and seemed to be related to the west coast of Bandar Abbas. The possibility of exchange of fire in the waters of the Persian Gulf and Strait of Hormuz cannot be ruled out. In response to these explosions, the Hormozgan provincial government stated that there were no reports of civilian casualties or damage to residential and commercial infrastructure in the new round of US attacks on the city of Bandar Abbas and Qeshm Island. In the past few nights, the United States has launched attacks on the southern coast, resulting in the martyrdom of some fishermen and patriots. And caused extensive damage to fishermen in Bandar Abbas Port and Sirik.

Southbound funds made a substantial net purchase of 9.038 billion yuan today. In terms of Southbound Connect (Shanghai), Zhipu and NetEase received net purchases of HK$2.38 billion and HK$2.27 billion respectively; Kingboard's laminate boards ranked first in net sales, with an amount of HK$817 million; in Southbound Connect (Shenzhen), Zhipu and NetEase received net purchases of HK$2.357 billion and HK$1.528 billion respectively; Kingboard's laminate boards ranked first in net sales, with an amount of HK$2.397 billion.

Indian Trade Secretary: India and the United States remain committed to reaching a trade agreement that is balanced, commercially meaningful, and brings tangible benefits to both parties.

Fed Governor Bowman: We must formulate corresponding regulatory measures based on the risk profile of each institution. Banks vary greatly in size, systemic impact, complexity and risk profile.

Federal Reserve Board Governor Bowman: Calls on global financial regulators to respond flexibly.