After the European Central Bank moderately cut interest rates by 25 basis points, the EUR/GBP remained below 0.8250.Market News: Trump Group plans to cooperate with DAR GLOBAL to build Trump Tower in Riyadh, Saudi Arabia.Adobe(ADBE.O) fell by 12%, the biggest one-day drop since March 15th.
After the US initial jobless claims and PPI data were released, the decline in US Treasury bonds narrowed.Deutsche Bank: MARCUS CHROMIK was appointed as Chief Risk Officer.Spot gold fell by $5 in the short term and is now reported at $2,704 per ounce.
The US dollar just broke through the 7.2700 yuan mark against the offshore RMB, and the latest report was 7.2689 yuan, down 0.12% in the day; The US dollar against the onshore RMB was recently reported at 7.2688 yuan, up 0.10% in the day.Spot gold hit $2,700 per ounce, down 0.65% in the day. COMEX gold futures fell more than 1.00% in the day and are now quoted at $2,729.00 per ounce.Institution: The European Central Bank may further cut interest rates by 100 basis points in 2025. Des Lawrence, an analyst at State Street Global Investment Management, said that after the European Central Bank cut interest rates by 25 basis points, it may cut interest rates by another 100 basis points in 2025. The senior investment strategist said in a report that the European Central Bank can and should cut interest rates further in the coming quarters. Lawrence said that the recent PMI data shows that the economic slowdown is expanding beyond the troubled manufacturing industry, and the service industry is also under pressure.
Strategy guide 12-13
Strategy guide
12-13