Real-time Financial News

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2024-09-30 Monday
  • 15:40:54

    Saudi Energy Minister: OPEC+ must remain vigilant and proactive.

  • 15:40:27

    [Institutional comment on German PMI data in May] Cyrus de la Rubia, chief economist at Hamburg Commerzbank, said that although signs of weakness in the manufacturing industry have become more obvious, the expansion of the service industry has accelerated. Unusual differences emerged. The upbeat performance in the services sector suggested that consumer spending was doing better than expected even as inflation sapped household purchasing power. Growth in the services sector outpaced weakness in manufacturing, the data showed, with the composite index pointing to a faster pace of growth than the previous month. So despite zero economic growth at the start of the year, the specter of a prolonged recession is effectively gone. And talk of so-called greedy inflation in Germany was likely fueled by the services PMI price data. This is because, while the upward momentum in input prices has weakened, sales prices have increased. That has fueled suspicions that companies in the sector, on average, have been able to boost profit margins and keep inflation high by doing so. And in manufacturing, the most dramatic drop in new orders, especially in foreign demand, which according to the PMI survey has actually collapsed. This means that the backlog of orders for German industry is likely to have fallen significantly.

  • 15:27:33

    USD/CHF stood above 0.90, up 0.23% on the day.

  • 15:26:06

    Ursula Burns, co-founder of Integrum: Artificial intelligence can significantly reduce enterprise risk.

  • 15:25:48

    Integrum co-founder Ursula Burns: AI should be regulated.

  • 15:25:43

    German Defense Minister: Germany is studying a plan to support the F-16 fighter alliance.

  • 15:17:40

    ECB Vice President Guindos: Structural risks of liquidity mismatch and leverage remain high.

  • 15:17:37

    European Central Bank Vice President Guindos: Despite the stress in the banking sector in March, the non-bank financial sector has remained relatively stable in recent months.

  • 15:13:30

    Spot silver fell more than 1.00% within the day and is now at $23.39 an ounce.

  • 15:11:52

    Market news: (Anti-money laundering) Financial Action Task Force will put Lebanon on the "grey list".

  • 15:11:11

    Ukrainian Deputy Defense Minister: The conflict in the Bakhmut region has decreased, and the Russian army continues to clear the areas under its control.

  • 15:10:01

    Market news: The UK will issue long-term treasury bonds in the form of syndication in September.

  • 15:08:14

    Deputy Defense Minister of Ukraine: Ukraine still controls the southwestern fringe of Bakhmut.

  • 15:05:02

    British 2-year government bond yields rose to 4.065% after the opening bell, the highest level since October 12 last year.

  • 15:05:00

    France’s flash manufacturing PMI for May is due in ten minutes.

  • 15:04:59

    European Commission Vice President and "Foreign Minister" Borelli: The training of F16 fighter jets has already begun.

  • 14:52:43

    Gazprom: will continue to deliver gas to Europe via Ukraine, with 41.2 million cubic meters delivered on Tuesday.

  • 14:51:59

    German Geoscience Research Center GFZ: A magnitude 6.2 earthquake occurred southeast of the Loyalty Islands.

  • 14:44:47

    Estonian Defense Minister: We will see F16 fighter jets in Ukraine "soon".

  • 14:36:19

    Market news: Qatar Investment Authority announced the establishment of a permanent market-making project on the Qatar Stock Exchange.

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