China's Industry Minister says China is to focus on advanced basic materials, key strategic materials, and frontier new materials; calls for exploring AI application in materials research, testing, and production
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SNB maintains its Policy rate at 0.00% as expected; prepared to intervene in currency markets to country currency appreciation if needed; "willingness to intervene in the foreign exchange market has increased"
Riksbank leaves its policy rate unchanged at 1.75% as expected; rate is expected to remain at this level for some time to come
China's Industry Minister says China is to focus on advanced basic materials, key strategic materials, and frontier new materials; calls for exploring AI application in materials research, testing, and production
China's Commerce Ministry, on reports of NVIDIA (NVDA) H200 purchases; says not aware of the situation
Saudi Arabia's Defence Ministry says a drone has fallen on the Samref refinery, currently assessing the damage
On the Newsquawk feed at , 20 minutes before this page.
Context
China's Industry Minister highlighting a focus on advanced materials and AI applications signals a strategic shift towards innovation and self-sufficiency in critical sectors. This could enhance China's competitive edge globally, impacting supply chains and potentially affecting commodities linked to these materials. The emphasis on AI also suggests a forward-looking investment in technology that could influence broader market trends and investor sentiment.
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