Guojin Securities research note said Q5500 coal price holds at 830 yuan/ton, up 217 yuan YoY; Shanxi safety regulators may further push short-term coal prices higher and the central level of provincial power prices has moved up in some provinces, supporting expectation of a bottom reversal. Q1 thermal‑power results showed resilience; market‑based trading and capacity payments have offset downside from long‑term contracts. The report is constructive on Q2, expecting the earnings trough to be confirmed then improve sequentially; improved hydrology in the flood season should lift both volumes and prices, and dividend yields highlight allocation value. Compute‑power and power integration is extending from isolated points to regional scale; under an energy‑security logic manufacturing reshoring should expand demand. The security value of coal and power assets opens valuation space. Leading companies have a solid dividend base, combining offensive and defensive characteristics, and have entered an allocation window.

WTI原油站上93美元/桶，日内涨1.16%。布伦特原油日内涨超1.00%，现报93.77美元/桶。

U.S. MILITARY said it carried out a strike in the eastern Pacific that killed two people.

美国军方称其在太平洋东部实施了一次打击，造成两人死亡。

Federal Reserve Vice Chair JEFFERSON said he expects inf to cool later this year as the effects of tariffs and higher energy costs fade, but warned that inf risks remain tilted to the upside. In the text of a speech planned for Thursday morning in Tokyo at a conference hosted by the BANK OF JAPAN, JEFFERSON said he is watching for signs that energy-cost increases caused by the Iran war are weighing on consumer spending. He also warned he continues to see signs of labor-market softness. JEFFERSON reiterated his view that the central bank’s current policy stance is well positioned to respond to any developments. "I am not making a prediction about the next meeting, and I look forward to discussing with my colleagues the best policy needed to achieve our dual-mandate goals," he said.

Local time May 27, 2026, in New York, CHINA FOREIGN MINISTER WANG YI met with Serbian Foreign Minister Djuric. WANG YI said China firmly supports Serbia in safeguarding its national sovereignty and territorial integrity and praised Serbia for adhering to the One‑China principle. He said that in the next phase the key tasks for both sides are to implement the consensus reached by the two heads of state, deepen exchanges at all levels, advance construction of the Hungary‑Serbia railway, expand cooperation in artificial intelligence, new energy and other fields, strengthen coordination and cooperation at the UN and other platforms, and push forward building a China‑Serbia community with a shared future in the new era.