PBOC sets USD/ CNY reference rate at 7.0572 (vs. estimate 7.0407)
Battery storage booms on China's power reforms & data centers. Global installs hit 14GWh, but China slows.
China Loan Prime Rates. PBoC sets 5 year at 3.50% (vs. exp. 3.50% and prior 3.5% 1 year at 3.00% (vs.exp. 3.0% and prior 3.0%)
Rising geopolitical risk, from U.S. tanker interdictions to Israel–Iran tensions, is rebuilding a supply-side risk premium in oil, supporting prices despite an uncertain global demand outlook.
PBOC is expected to set the USD/CNY reference rate at 7.0407 – Reuters estimate PBOC CNY reference rate setting for the trading session ahead.
Hassett calls inflation 'blockbuster' at 1.6% for 3-mo core, eyes Trump's data-driven Fed pick. Tax refunds loom!
Apple’s planned AI wearables signal a shift toward ambient, on-device AI, supporting long-term ecosystem stickiness while reinforcing demand across its Taiwan-centric hardware supply chain.
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