S&P 500 CROSSES ABOVE 7000 POINTS

Domestic News 1. Xi Jinping meets with Russian Foreign Minister Lavrov. 2. Xi Jinping holds talks with To Lam, General Secretary of the Communist Party of Vietnam and President of Vietnam. 3. Ministry of Foreign Affairs: China and the US are maintaining communication regarding US President Trump's visit to China. 4. Ministry of Foreign Affairs: Japan's increased missile deployment in regions adjacent to China threatens regional peace and stability. 5. The People's Bank of China and the State Administration of Foreign Exchange issue a notice on adjusting matters related to overseas lending business of banking financial institutions. 6. The General Office of the State Council issues the "Opinions on Deepening the Reform of the Investment Approval System." 7. Russian Foreign Minister says he will help China make up for its energy shortage; Ministry of Foreign Affairs responds: China and Russia have always carried out pragmatic cooperation in various fields, including energy, on the basis of mutual respect and mutual benefit. 8. Ministry of Commerce: Sales of consumer goods through trade-in programs have exceeded 500 billion yuan this year. 9. The Qingzhou experimental spacecraft has completed several key technology verifications in orbit. International News 1. ECB Governing Council member Kazak: No objection to the expectation of two interest rate hikes starting in June. 2. White House National Economic Council Director Hassett: Tariff alternatives are largely ready. 3. US Energy Secretary Wright: No further release of oil reserves is needed. It is unlikely that the Russian oil sanctions waiver will be extended. 4. US Treasury Secretary Bessant: Understands that the Fed needs to wait for the right time to cut interest rates; eventually, the Fed will cut rates further. 5. Fed Chair Hamak: Monetary policy faces two-way risks. Interest rates are at a good level, and the benchmark rate will remain unchanged for some time. 6. Trump— ① Said the "final outcome" of the war with Iran could be achieved soon, while threatening to attack Iranian civilian infrastructure again. ② If Fed Chair Powell remains in office after his term expires, he will be dismissed. ③ Hopes Fed Chair nominee Warsh will be confirmed next week; interest rates may fall after he takes office. ④ Oil prices will fall back to previous levels, possibly even lower. 7. Iran Situation— ① US officials: The US military will send thousands more troops to the Middle East in the coming days. ② Reports circulated that the US and Iran had "agreed in principle" to extend the ceasefire, but both Iran and another US media outlet denied this. ③ US media: US-Iran negotiations have made progress and are gradually reaching a framework agreement to end the war. ④ Sources say the ceasefire in Lebanon is expected to take effect tonight, but Israel says it has not received any related decision or request. ⑤ Iranian Foreign Ministry: There is room for dialogue regarding the level and type of uranium enrichment. Iran and the US continue to exchange information through Pakistan. ⑥ The Vice President of the UAE and the Speaker of the Iranian Parliament spoke by phone to discuss de-escalation of the regional situation, marking the first high-level call between the two countries since the outbreak of the war. ⑦ The US military claims to have completely cut off Iran's maritime import and export trade. Iran says shipping activities in the country's south are proceeding normally without any interruption. ⑧ The Iranian military responded to the US maritime blockade: If the safety of Iranian merchant ships and oil tankers is endangered, Iran will prohibit any import and export activities in the Persian Gulf, the Gulf of Oman, and the Red Sea.

IRAN'S FOREIGN MINISTER SEYED ABBAS ARAGHCHI HAS MET WITH ASIM MUNIR, COMMANDER OF THE PAKISTAN ARMY