China A-share lab-grown diamond sector opened higher; Sifangda rose over 13% at the open, Huanghe Xuanfeng climbed over 9%, Huifeng Diamond and Chujiang New Materials are also advanced.

Japan May Tokyo core CPI YoY 1.3% vs 1.5% expected; prior 1.5%.

US Dollar: 1. The US core PCE price index rose further to 3.3% year-on-year in April, the highest level since November 2023, in line with market expectations. 2. Trump sent people to pressure the printing press to issue a $250 bill featuring his portrait. 3. Federal Reserve—① Mussalem: Higher real interest rates should be addressed through interest rate hikes. We cannot expect an AI boom to solve inflation. We consider the possibility of a rate hike to be greater than zero. ② Williams: Monetary policy is well-positioned, slightly restrictive. The inflationary shock is likely to peak in the coming months. The impact of soaring energy prices should be short-term. ④ Kashkari: It is too early to assert that an immediate rate hike is needed after the release of the April PCE inflation data. Euro: 1. ECB meeting minutes: Several members did not oppose a rate hike; the decision to keep rates unchanged was a "difficult choice" for some members. Japanese Yen: 1. Tokyo inflation slowed again, and the Bank of Japan's rate hike path faces uncertainty. 2. Japanese Finance Minister: Japan may take decisive measures against exchange rate fluctuations. 3. Former Bank of Japan board member: A June rate hike by the Bank of Japan is crucial; otherwise, it will fall behind inflation. Other: 1. The Indonesian rupiah fell to a record low against the US dollar. 2. Bank of Canada: The financial system is robust, but its vulnerabilities have increased. 3. Reserve Bank of New Zealand Assistant Governor: If data shows a second round of inflationary effects, a more aggressive rate hike will be considered. 4. According to a Reuters poll: Bearish bets on the Indonesian rupiah have reached their highest level since October 2022. 5. South African Reserve Bank Governor Kaniago: The Monetary Policy Committee did discuss the possibility of a 50 basis point rate hike.