Chinese Loan Prime Rate 1Y 3.00% vs. Exp. 3.00% (Prev. 3.00%)
The Chinese Loan Prime Rate (LPR) holding steady at 3.00% aligns with expectations, signaling stability in the borrowing cost for businesses and consumers.
IRGC says two oil tankers were blown up after attempting to transit the southern route in the Strait of Hormuz
PBoC sets USD/CNY mid-point at 6.7948 vs exp. 6.7821 (prev. 6.7934)
Chinese Loan Prime Rate 1Y 3.00% vs. Exp. 3.00% (Prev. 3.00%)
Blasts reported at US bases in Kuwait and Bahrain, according to YJC News Channel
PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Hon Hai (2317 TT) has broken Dell (DELL) and Super Micro's (SMCI) duopoly by winning its first contract to manufacture SpaceX's (SPCX) next-generation AI servers powered by NVIDIA's (NVDA) GB300
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This lack of change suggests no immediate intervention in monetary policy, which may support an environment of cautious economic growth without stoking inflationary pressures. Traders should consider its implications for the RMB and overall market sentiment, particularly in the context of ongoing economic efforts in China.
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