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06:41
Jefferies: Inflation and high deficits are reasons to remain cautious on long-term bonds
The Strait of Hormuz remains closed, continuing to disrupt energy transportation from the Gulf region and keeping oil prices high. "In the coming months, we may see the announcement of multiple fuel subsidy support measures," said the global economist. He stated that higher inflation and deficits support Jefferies’ viewpoint that investors should steer clear of the long end of the yield curve and maintain a preference for a steeper curve. Jefferies' concerns remain focused on the UK, then Europe, followed by the US.
06:39
The Korean stock market closed down 6.12%, marking the largest single-day drop since March 23.
Golden Finance May 15|The Korea Composite Index initially surged past 8,000 points to a historic high, but then plunged, dropping as much as 7.6% and losing the 7,400-point mark, eventually closing down 6.12% at 7,493.18 points—the biggest single-day decline since March 23. There was a clear outflow of funds from the technology sector, with SK Hynix down 7.66% and Samsung Electronics down 8.61%.
06:37
May 15: The "Agricultural Products Wholesale Price 200 Index" fell by 0.17 points compared to yesterday.
```htmlGolden Ten Data Futures, May 15 – According to monitoring by the Ministry of Agriculture and Rural Affairs, on May 15 the "Agricultural Product Wholesale Price 200 Index" was 115.06, down 0.17 points from yesterday, and the "Vegetable Basket" product wholesale price index was 115.46, down 0.20 points from yesterday. As of 14:00 today (UTC+8), the average wholesale market price for pork nationwide was 14.80 yuan/kg, down 0.9% from yesterday; beef was 66.31 yuan/kg, unchanged from yesterday; lamb was 64.01 yuan/kg, down 0.2% from yesterday; eggs were 9.23 yuan/kg, down 0.3% from yesterday; broiler chicken was 16.83 yuan/kg, up 0.2% from yesterday.```
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