Euro drifts higher against British Pound on hawkish ECB signals-FX
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According to Xinhua, China’s foreign minister called on Panama to protect the legitimate interests of Chinese companies.
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European futures trade mixed in early action, led by gains in EuroStoxx 50, DAX, and CAC 40, while FTSE futures edge lower.
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UK regulator Ofgem says the increase is due to higher wholesale gas prices driven by the ongoing conflict in the Middle East.
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According to UK’s Ofgem, the present energy price cap for an average household on direct debit is £1,641.
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UK’s Ofgem says households on standard gas and electricity tariffs will see a £18 monthly increase in the price cap from July.
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UK regulator Ofgem says that under the current TDCV framework, a typical household bill from July will climb to £1,862 versus £1,641 earlier.
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UK regulator Ofgem states that from July, consumption assumptions will be revised, showing households using roughly 7% less electricity and 17% less gas than before.
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TotalEnergies states that fuel price caps are unchanged at €1.99 per litre for petrol and €2.25 per litre for diesel.
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According to TotalEnergies, the company commits to passing on reductions in diesel and petrol prices promptly when international prices allow.
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The S&P/ASX 200 in Australia ends the session 0.7% higher at 8,717.70.
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According to China’s foreign minister, Beijing expects the Czech Republic to uphold the One-China principle.
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China’s top diplomat stated that China is willing to work with the Czech Republic to “remove obstacles and interference,” CCTV reports.
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China’s top diplomat urged both China and the Czech Republic to enhance bilateral ties and renew traditional friendly relations.
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According to China’s foreign minister, the two sides should progressively broaden practical cooperation, particularly in their economies.
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China’s top diplomat expressed hope that the Czech government will reinforce the foundation of political ties between the two countries.
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The KOSPI ends up 2.25% higher at a record closing level.
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According to France’s finance minister Lescure, the extension of fuel price caps by TotalEnergies into June is a positive move.
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According to Prime Minister Tusk, Poland aims to strengthen ties with Britain to the highest level, prioritising defence cooperation.
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According to Prime Minister Tusk, a proposed Polish-UK treaty should prioritise cooperation on defending against Russia.
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FRANCE CONSUMER CONFIDENCE MAY: 82 (EST 83; PREV 84)
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