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14:42
Energy import status hinders currency rebound; GBP and EUR both weaken under inflation gloom
Golden Ten Data reported on March 3 that Jane Foley from Rabobank pointed out in a report that rising energy prices have weakened expectations for further interest rate cuts in the UK and sparked speculation about possible rate hikes in the eurozone, but this has not provided much support for either the pound or the euro. She stated, "The fact that the UK and the eurozone are energy importers may currently be a more pressing concern." She believes that, due to the Middle East conflict driving up energy prices, there is uncertainty about the potential damage inflation outbreaks could cause to the economy, making it unlikely for the pound and the euro to perform well.
14:39
AI chip startup Rebellions has hired JPMorgan as the global lead underwriter for its Seoul IPO, paving the way for one of Korea's most anticipated tech stock debuts.
According to sources familiar with the matter, the company plans to submit its IPO application in the second half of this year, with a listing target set for the end of 2026 or early 2027. Rebellions specializes in AI accelerators optimized for data center inference workloads (the process of running AI models). By emphasizing cost-effectiveness and energy efficiency, the company is seeking to challenge the market dominated by Nvidia. In September 2025, Rebellions raised $250 millions in Series C financing, reaching a valuation of $1.4 billions. The hiring of JPMorgan highlights Rebellions’ strategy to attract global institutional investors and domestic capital. A successful IPO would provide fresh capital to expand R&D, deepen manufacturing partnerships, and consolidate its position in the rapidly evolving AI chip market.
14:39
The Baltic Dry Index continues its upward trend
Golden Ten Data Futures March 3 News: According to foreign media reports, the Baltic Dry Bulk Freight Index continued its upward trend, reaching a nearly three-month high, supported by a comprehensive rise in freight rates for various types of vessels. The Baltic Dry Bulk Freight Index rose by 55 points, or 2.5%, to 2242 points, marking the highest level since December 11, 2025. The Capesize vessel freight index increased by 112 points, or 3.6%, to 3245 points, reaching a one-month high. The average daily profit for Capesize vessels rose by $1019, to $25929. The Panamax vessel freight index climbed by 23 points, or 1.2%, to 2002 points, the highest since last September. The average daily profit for Panamax vessels increased by $201, to $18015. The Supramax bulk carrier freight index rose by 22 points, or 1.6%, to 1383 points.
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