FED'S GOOLSBEE: INTERCONNECTION OF PRIVATE CREDIT WITH CONVENTIONAL INSTITUTIONS ARE NOT AS BIG AS CONNECTIONS IN 2007-2009 FINANCIAL CRISIS

现货钯金日内跌超4.00%，现报1447.75美元/盎司。

China / Economy & Auto - China auto industry body CPCA: Tesla exported 53,522 China-made vehicles in April - China April new-energy-vehicle exports more than doubled year-on-year, CPCA says - China’s private refiners seek Beijing approval to cut run rates - China’s foreign ministry, on Trump’s China visit: will discuss issues concerning both sides and world peace - China Central Bank: will continue to implement appropriately loose monetary policy - China Central Bank: higher global oil prices can help China’s prices rebound Energy & Oil - VLCC tanker bound for Vietnam and loaded with Iraqi crude crossed Strait of Hormuz through Iran’s designated route on Sunday - Tasnim - Saudi crude oil supply to China set to fall to record low of about 10 million barrels in June, sources say - Iran MFA spokesperson: “The claim that Iran has dumped extracted oil into the sea is an absolute lie” - Iran says deployed deep-roaming submarines in Strait of Hormuz Geopolitics – US, China & Iran - Iran’s ambassador to China says Tehran supports Xi Jinping’s four-point proposal for lasting security and shared development in the Persian Gulf - Nvidia CEO Jensen Huang was not invited and is not going to Beijing during Trump-Xi trip — source familiar - Musk and Cook among executives to join Trump on China trip for Xi summit, White House says - Progress in Iran-US talks may depend on outcome of Trump’s China visit, source says - CNN - President Donald Trump met with his national security team Monday to discuss next steps in the - Iran conflict, including possible renewed military action - UAE secretly conducted strikes on Iran during war, reports say