May 7th Financial Breakfast: Optimistic expectations for a US-Iran deal; awaiting Iran's response within 48 hours; gold prices test the $4700 mark; oil prices fall by over 6%.
2026-05-07 06:08:38
On Thursday (May 7, Beijing time) in early Asian trading, spot gold was trading around $4,691.83 per ounce. Gold prices rose nearly 3% on Monday and may test the $4,700 per ounce level during the day. The US and Iran are close to reaching an agreement on a one-page memorandum of understanding. Iran has stated that it will convey its response through Pakistan. Media outlets expect Iran to give a key reply within 48 hours, and the market remains optimistic. Affected by this, oil prices fell. US crude oil fell more than 6% on Wednesday and is currently trading around $95.88 per barrel.
The S&P 500 and Nasdaq Composite indexes jumped to record highs on Wednesday, boosted by signs that the Middle East conflict could be resolved. The S&P 500 rose 1.22% to 7347.84 points, the Nasdaq rose 1.67% to 25749.83 points, and the Dow Jones Industrial Average rose 1.15% to 49864.23 points. Meanwhile, strong earnings from Advanced Micro Devices (AMD) also drove gains in chipmakers and other artificial intelligence-related stocks.
AMD shares surged 17% to a record high after forecasting quarterly revenue that would exceed expectations; rival Intel rose 2.4% and the Philadelphia Semiconductor Index climbed 3.5%; global stock markets rallied after Iran said it would consider a new U.S. proposal, easing inflation concerns.
U.S. private sector employment rose for the largest increase in 15 months in April, with investors awaiting Friday's non-farm payroll report; the St. Louis Fed president said monetary policy risks have shifted to rising inflation. In individual stocks, Corning surged 14% after announcing its partnership with Nvidia, while Nvidia rose nearly 5%; Hut 8 jumped 33% after signing a $9.8 billion lease agreement; Disney rose nearly 7%, Uber rose 7.5%, and AMD rose 18%.
Gold prices rose to a more than one-week high on Wednesday, with spot gold up 2.8% to $4,685.23 an ounce and U.S. gold futures settling up 2.8% at $4,694.30. This was boosted by news of a possible peace agreement between the U.S. and Iran.
Market optimism eased concerns about rising inflation and persistently high interest rates, while a 0.4% drop in the US dollar index also provided support for gold prices.
Investors are focused on Friday's monthly U.S. jobs report, while April's ADP private sector employment data showed a larger-than-expected increase.
In other precious metals, spot silver rose 6% to $77.16, platinum rose 4.7% to $2044, and palladium rose 3.3% to $1535.
Oil prices fell sharply to a two-week low on Wednesday, as news of an impending peace agreement between the United States and Iran weighed on the market. Brent crude futures closed down 7.83% at $101.27 a barrel, having briefly dipped below $100 for the first time since April 22. WTI crude fell 7.03% to $95.08 a barrel.
Sources from Pakistan, the mediator, said the US and Iran are close to reaching an agreement on a one-page memorandum of understanding. Iran indicated it would convey its response through Pakistan, while Axios predicts Iran will provide a crucial reply within 48 hours. Market optimism regarding the potential reopening of the Strait of Hormuz is rising, but oil prices narrowed their losses during the session after US President Trump stated that face-to-face negotiations were "too early" and an Iranian lawmaker described the US proposal as more like a "wish list." Furthermore, data from the US Energy Information Administration (EIA) showed that crude oil inventories fell by 2.3 million barrels to 457.2 million barrels last week, slightly less than expected.
The dollar weakened across the board on Wednesday, boosted by optimism that the US and Iran might reach a peace agreement. The dollar index fell 0.3% to 97.993, hitting a low of 97.623, its lowest level since late February. The euro rose 0.5% to $1.17535, and the pound rose 0.4% to $1.35955.
The yen suddenly surged 1% to 156.385 yen, briefly approaching 155 yen and hitting a more than two-month high. Traders suspected that the Ministry of Finance had intervened again, after Finance Minister Satsuki Katayama had previously warned that decisive measures would be taken against speculative fluctuations.
A rebound in risk appetite pushed the Australian dollar to a four-year high, rising 0.8% to US$0.72405; the market is focused on Friday's US non-farm payroll data for clues about Federal Reserve policy, after ADP data showed that private sector employment grew more than expected in April.
Pakistani sources say the US and Iran are close to reaching a ceasefire memorandum of understanding.
According to US sources, a Pakistani source stated on the 6th that the US and Iran are close to reaching a memorandum of understanding aimed at ending the war. On the same day, it was disclosed that two US officials and two other informed sources revealed that the Trump administration believes it is close to reaching a one-page memorandum of understanding with Iran. This memorandum aims to end the war and set a framework for more detailed negotiations on the nuclear issue. (CCTV News)
Trump says the war with Iran is "very likely to end" as the two sides are close to reaching an agreement.
On May 6 local time, US President Trump stated in an interview that the war with Iran was "very likely to end," and that the US and Iran were close to reaching an agreement, but uncertainties remained. Trump said the agreement might include Iran shipping its highly enriched uranium to the US, and indicated it was unlikely that Witkov and Kushner would be sent to participate in the negotiations. Trump also warned that if negotiations failed, the US might resume a more intensive military strike against Iran. (CCTV News)
US officials discussed expanding the investment scope of the "Trump Account": allowing wealthy individuals to donate stocks, sparking internal controversy.
According to The New York Times, White House and Treasury officials are discussing expanding the investable scope of the "Trump Account" (officially known as Account 530A), with plans to include allowing the world's wealthiest individuals to donate stock in their companies. Currently, the account only allows cash investments in diversified index funds and does not accept stock donations. If the rules are changed, billionaires like Elon Musk and Jensen Huang could directly donate Tesla, SpaceX, or Nvidia stock, allowing children to hold high-growth tech stocks long-term and reap huge returns; donors would also be exempt from capital gains tax and receive a full charitable tax deduction based on the fair market value of the stock, further reducing their tax burden. However, this idea has sparked debate within the Treasury Department. The original restriction to index funds was intended to protect children from extreme market volatility; changing the rules would require amending regulations and may necessitate legislation.
Iran says its ports are ready to provide general maritime services and support.
On May 7 local time, the Iranian Ports and Maritime Organization issued a formal notice to captains of merchant ships in the Strait of Hormuz and surrounding waters, announcing that Iranian ports are fully prepared to provide general maritime services, technical support, and sanitation and medical services to vessels. The Iranian Ports and Maritime Organization emphasized that this move is part of Iran's fulfillment of its sovereign responsibilities in the areas of maritime security and port and maritime services, demonstrating the determination of Iranian ports to fully support the safe and sustainable navigation of merchant ships in the Strait of Hormuz. (CCTV News)
Russia calls on all countries to withdraw their personnel from Kyiv.
Russian Foreign Ministry spokeswoman Maria Zakharova issued a statement on May 6, stating that the Russian Foreign Ministry had sent a formal note to all diplomatic missions and international organizations in Russia, urging diplomats and citizens of relevant countries and international organizations to "evacuate Kyiv, the capital of Ukraine, in a timely manner." This diplomatic note emphasized the need to take seriously the previous statement issued by the Russian Ministry of Defense, which stated that "if Ukraine carries out terrorist attacks during Russia's celebrations of the 81st anniversary of the victory in the Great Patriotic War, the Russian military will launch retaliatory strikes against Kyiv." The Russian Ministry of Defense issued a statement on May 4 announcing a temporary ceasefire from May 8 to 9 and hoping that Ukraine would follow suit. The statement also warned that if Ukraine launched an attack on Moscow during Victory Day, the Russian military would launch a large-scale missile strike on the center of Kyiv and called on civilians and foreign diplomats to evacuate Kyiv. (CCTV International News)
Trump says action against Iran is "going well," emphasizing that blockade and negotiations are proceeding in parallel.
On May 6, local time, US President Trump stated in a speech that the current war with Iran is a "small-scale conflict" and that the US is "making very good progress." Trump said the US operation in Iran is "going very smoothly" and that Iran "wants an agreement and wants to negotiate." He emphasized that the US will not allow Iran to possess nuclear weapons and will continue to push for an agreement that "satisfies the United States." On the military front, Trump described the US blockade against Iran as "extremely strong" and stated that Iran is "virtually unable to move in or out." He also stated that the US has "complete control of the situation." Trump further warned that if Iran does not accept the agreement, it will ultimately be forced to agree to the relevant conditions. (CCTV News)
Military advisor to Iran's Supreme Leader: The United States must compensate Iran for its losses.
On May 6 local time, Mohsen Rezaei, military advisor to Iran's Supreme Leader, stated in an interview that Iran will not allow the United States to extricate itself from the crisis without paying a price. Rezaei said the US is currently attempting to make a show of reopening the Strait of Hormuz and then withdraw from the region, but Iran will not allow this. He emphasized that the US must compensate Iran for the losses incurred, and Iran "will certainly obtain its rights and reparations." (CCTV News)
Iran: Has not yet responded to the US's views on its 14-point proposal.
The Islamic Republic News Agency (IRNA) reported on the 6th that Iranian Foreign Ministry spokesman Baghae emphasized that Iran has not yet responded to Pakistan, the mediator, regarding the US's 14-point proposal. Baghae refuted claims and speculations from some media outlets. He stated that Iran and the US are communicating through Pakistan and are currently reviewing the exchanged texts. Earlier, in an interview with the Iranian Students' News Agency, Baghae said that Iran is reviewing the US proposals and will convey its views to Pakistan after summarizing them. (Xinhua)
Lebanese Prime Minister: Not seeking normalization of relations with Israel
Lebanese Prime Minister Salam stated on the 6th, according to the Lebanese National News Agency, that Lebanon is not seeking "normalization of relations with Israel," but rather is committed to achieving peace. He pointed out that discussing a meeting with Israeli Prime Minister Netanyahu is "premature," and any high-level contact with Israel requires "full preparation." Salam also stated that consolidating the ceasefire will form the basis for a possible new round of Lebanon-Israel negotiations to be held in the United States. He said Lebanon's "minimum requirement" is for Israel to set a timetable for troop withdrawal, while Lebanon will continue to promote a unified arms control plan. (Xinhua)
The Israeli Chief of Staff stated that they are ready to resume military operations against Iran at any time.
Despite signals from the United States that negotiations with Iran showed promising prospects, Israel Defense Forces Chief of Staff Zamir stated on the 6th that the IDF remains "on high alert" and is ready to launch "a powerful and widespread military operation" against Iran at any time. Zamir made these remarks in Israeli-controlled territory in southern Lebanon, adding that Israel is still preparing for broader actions, including possible direct military action against Iran. The IDF has prepared "a range of targets" in Iran and is ready to launch military operations at any time. (Xinhua)
With the Middle East wars bringing oil profits, Russia announces it will resume foreign exchange purchases.
Russia's Ministry of Finance announced that it will conduct its first market foreign exchange purchase since the outbreak of the Ukraine war in the coming month, citing high oil prices triggered by the Iran war that have boosted Russia's crude oil export revenue. The Ministry stated that from May 8 to June 4, it will purchase 110.3 billion rubles (approximately $1.46 billion) worth of foreign exchange, primarily in yuan, for the National Welfare Fund used to stabilize the budget. This move also aims to prevent the ruble from appreciating excessively. However, following the announcement, the ruble rose 0.9% against the yuan on the Moscow Exchange, as traders and analysts had anticipated more aggressive government foreign exchange purchases. The purchases will be executed by the central bank. After offsetting the central bank's own operations, the country's net daily foreign exchange purchases will reach 1.18 billion rubles, compared to the current daily sales of 4.6 billion rubles.
US media: Iran warns ships against transiting the Strait of Hormuz without permission.
Ships attempting to transit the Strait of Hormuz on Wednesday reportedly received verbal warnings from the Iranian Islamic Revolutionary Guard Corps Navy, stating that the waterway remained blocked. A Greek shipowner waiting to pass through the strait received an audio message in English warning all vessels in the Persian Gulf and the Gulf of Oman that any vessel approaching the strait without permission or outside the designated route "will be targeted." Iranian state television reported that approximately 1,500 ships were currently preparing to transit the Strait of Hormuz, adding that these vessels would be unable to complete their voyage without permission from the Islamic Revolutionary Guard Corps Navy.
Türkiye showcases its domestically produced "Lightning Khan" intercontinental ballistic missile project for the first time.
Turkish media reported on the 6th that Turkish Defense Minister Güler unveiled Turkey's domestically produced "Lightning Khan" intercontinental ballistic missile project at the Istanbul International Defense and Aerospace Industry Exhibition on the 5th. Local media disclosed that the "Lightning Khan" missile has a range of approximately 6,000 kilometers, uses a liquid propulsion system, is equipped with four rocket engines, and can reach a top speed of Mach 25. However, the Turkish government has not yet released complete technical documents for the "Lightning Khan" missile. The five-day international defense and aerospace industry exhibition, which opened on the 5th, focuses on next-generation military technologies such as artificial intelligence, unmanned combat systems, and robotic platforms, attracting more than 1,700 exhibitors from over 120 countries. (Xinhua)
Beijing Stock Exchange: Temporarily waives initial listing fees and annual listing fees for privately placed corporate bonds.
To regulate the listing and information disclosure of privately placed corporate bonds and protect the legitimate rights and interests of investors, the Beijing Stock Exchange has formulated the "Rules for Listing Privately Placed Corporate Bonds on the Beijing Stock Exchange," which, with the approval of the China Securities Regulatory Commission, is hereby issued and will take effect from the date of issuance. The rules stipulate that the Exchange will temporarily waive the initial listing fee and annual listing fee for privately placed corporate bonds.
my country's first batch of domestically trained airship commercial pilots have been certified and are now working.
The Special Aircraft Research Institute of the Aviation Industry Corporation of China (AVIC) announced that on May 6, the first batch of four domestically trained airship pilots received commercial pilot licenses issued by the Civil Aviation Administration of China (CAAC) and officially began their duties. This marks a breakthrough in my country's independent training of commercial airship pilots, laying a solid foundation for the independent and controllable development of the airship industry and the high-quality development of the low-altitude economy. The four pilots who received their commercial pilot licenses come from customer units and research and development units, respectively. The training strictly followed the training syllabus approved by the CAAC, constructing a full-chain curriculum of theory, simulation, and practical operation. The trainees successfully completed over 400 takeoffs and landings in the domestically produced "Xiangyun" AS700 manned airship and passed the assessment. (Xinhua News Agency)
Key Focus Today
stock market
The S&P 500 and Nasdaq Composite indexes jumped to record highs on Wednesday, boosted by signs that the Middle East conflict could be resolved. The S&P 500 rose 1.22% to 7347.84 points, the Nasdaq rose 1.67% to 25749.83 points, and the Dow Jones Industrial Average rose 1.15% to 49864.23 points. Meanwhile, strong earnings from Advanced Micro Devices (AMD) also drove gains in chipmakers and other artificial intelligence-related stocks.
AMD shares surged 17% to a record high after forecasting quarterly revenue that would exceed expectations; rival Intel rose 2.4% and the Philadelphia Semiconductor Index climbed 3.5%; global stock markets rallied after Iran said it would consider a new U.S. proposal, easing inflation concerns.
U.S. private sector employment rose for the largest increase in 15 months in April, with investors awaiting Friday's non-farm payroll report; the St. Louis Fed president said monetary policy risks have shifted to rising inflation. In individual stocks, Corning surged 14% after announcing its partnership with Nvidia, while Nvidia rose nearly 5%; Hut 8 jumped 33% after signing a $9.8 billion lease agreement; Disney rose nearly 7%, Uber rose 7.5%, and AMD rose 18%.
Gold Market
Gold prices rose to a more than one-week high on Wednesday, with spot gold up 2.8% to $4,685.23 an ounce and U.S. gold futures settling up 2.8% at $4,694.30. This was boosted by news of a possible peace agreement between the U.S. and Iran.
Market optimism eased concerns about rising inflation and persistently high interest rates, while a 0.4% drop in the US dollar index also provided support for gold prices.
Investors are focused on Friday's monthly U.S. jobs report, while April's ADP private sector employment data showed a larger-than-expected increase.
In other precious metals, spot silver rose 6% to $77.16, platinum rose 4.7% to $2044, and palladium rose 3.3% to $1535.
oil market
Oil prices fell sharply to a two-week low on Wednesday, as news of an impending peace agreement between the United States and Iran weighed on the market. Brent crude futures closed down 7.83% at $101.27 a barrel, having briefly dipped below $100 for the first time since April 22. WTI crude fell 7.03% to $95.08 a barrel.
Sources from Pakistan, the mediator, said the US and Iran are close to reaching an agreement on a one-page memorandum of understanding. Iran indicated it would convey its response through Pakistan, while Axios predicts Iran will provide a crucial reply within 48 hours. Market optimism regarding the potential reopening of the Strait of Hormuz is rising, but oil prices narrowed their losses during the session after US President Trump stated that face-to-face negotiations were "too early" and an Iranian lawmaker described the US proposal as more like a "wish list." Furthermore, data from the US Energy Information Administration (EIA) showed that crude oil inventories fell by 2.3 million barrels to 457.2 million barrels last week, slightly less than expected.
Foreign exchange market
The dollar weakened across the board on Wednesday, boosted by optimism that the US and Iran might reach a peace agreement. The dollar index fell 0.3% to 97.993, hitting a low of 97.623, its lowest level since late February. The euro rose 0.5% to $1.17535, and the pound rose 0.4% to $1.35955.
The yen suddenly surged 1% to 156.385 yen, briefly approaching 155 yen and hitting a more than two-month high. Traders suspected that the Ministry of Finance had intervened again, after Finance Minister Satsuki Katayama had previously warned that decisive measures would be taken against speculative fluctuations.
A rebound in risk appetite pushed the Australian dollar to a four-year high, rising 0.8% to US$0.72405; the market is focused on Friday's US non-farm payroll data for clues about Federal Reserve policy, after ADP data showed that private sector employment grew more than expected in April.
International News
Pakistani sources say the US and Iran are close to reaching a ceasefire memorandum of understanding.
According to US sources, a Pakistani source stated on the 6th that the US and Iran are close to reaching a memorandum of understanding aimed at ending the war. On the same day, it was disclosed that two US officials and two other informed sources revealed that the Trump administration believes it is close to reaching a one-page memorandum of understanding with Iran. This memorandum aims to end the war and set a framework for more detailed negotiations on the nuclear issue. (CCTV News)
Trump says the war with Iran is "very likely to end" as the two sides are close to reaching an agreement.
On May 6 local time, US President Trump stated in an interview that the war with Iran was "very likely to end," and that the US and Iran were close to reaching an agreement, but uncertainties remained. Trump said the agreement might include Iran shipping its highly enriched uranium to the US, and indicated it was unlikely that Witkov and Kushner would be sent to participate in the negotiations. Trump also warned that if negotiations failed, the US might resume a more intensive military strike against Iran. (CCTV News)
US officials discussed expanding the investment scope of the "Trump Account": allowing wealthy individuals to donate stocks, sparking internal controversy.
According to The New York Times, White House and Treasury officials are discussing expanding the investable scope of the "Trump Account" (officially known as Account 530A), with plans to include allowing the world's wealthiest individuals to donate stock in their companies. Currently, the account only allows cash investments in diversified index funds and does not accept stock donations. If the rules are changed, billionaires like Elon Musk and Jensen Huang could directly donate Tesla, SpaceX, or Nvidia stock, allowing children to hold high-growth tech stocks long-term and reap huge returns; donors would also be exempt from capital gains tax and receive a full charitable tax deduction based on the fair market value of the stock, further reducing their tax burden. However, this idea has sparked debate within the Treasury Department. The original restriction to index funds was intended to protect children from extreme market volatility; changing the rules would require amending regulations and may necessitate legislation.
Iran says its ports are ready to provide general maritime services and support.
On May 7 local time, the Iranian Ports and Maritime Organization issued a formal notice to captains of merchant ships in the Strait of Hormuz and surrounding waters, announcing that Iranian ports are fully prepared to provide general maritime services, technical support, and sanitation and medical services to vessels. The Iranian Ports and Maritime Organization emphasized that this move is part of Iran's fulfillment of its sovereign responsibilities in the areas of maritime security and port and maritime services, demonstrating the determination of Iranian ports to fully support the safe and sustainable navigation of merchant ships in the Strait of Hormuz. (CCTV News)
Russia calls on all countries to withdraw their personnel from Kyiv.
Russian Foreign Ministry spokeswoman Maria Zakharova issued a statement on May 6, stating that the Russian Foreign Ministry had sent a formal note to all diplomatic missions and international organizations in Russia, urging diplomats and citizens of relevant countries and international organizations to "evacuate Kyiv, the capital of Ukraine, in a timely manner." This diplomatic note emphasized the need to take seriously the previous statement issued by the Russian Ministry of Defense, which stated that "if Ukraine carries out terrorist attacks during Russia's celebrations of the 81st anniversary of the victory in the Great Patriotic War, the Russian military will launch retaliatory strikes against Kyiv." The Russian Ministry of Defense issued a statement on May 4 announcing a temporary ceasefire from May 8 to 9 and hoping that Ukraine would follow suit. The statement also warned that if Ukraine launched an attack on Moscow during Victory Day, the Russian military would launch a large-scale missile strike on the center of Kyiv and called on civilians and foreign diplomats to evacuate Kyiv. (CCTV International News)
Trump says action against Iran is "going well," emphasizing that blockade and negotiations are proceeding in parallel.
On May 6, local time, US President Trump stated in a speech that the current war with Iran is a "small-scale conflict" and that the US is "making very good progress." Trump said the US operation in Iran is "going very smoothly" and that Iran "wants an agreement and wants to negotiate." He emphasized that the US will not allow Iran to possess nuclear weapons and will continue to push for an agreement that "satisfies the United States." On the military front, Trump described the US blockade against Iran as "extremely strong" and stated that Iran is "virtually unable to move in or out." He also stated that the US has "complete control of the situation." Trump further warned that if Iran does not accept the agreement, it will ultimately be forced to agree to the relevant conditions. (CCTV News)
Military advisor to Iran's Supreme Leader: The United States must compensate Iran for its losses.
On May 6 local time, Mohsen Rezaei, military advisor to Iran's Supreme Leader, stated in an interview that Iran will not allow the United States to extricate itself from the crisis without paying a price. Rezaei said the US is currently attempting to make a show of reopening the Strait of Hormuz and then withdraw from the region, but Iran will not allow this. He emphasized that the US must compensate Iran for the losses incurred, and Iran "will certainly obtain its rights and reparations." (CCTV News)
Iran: Has not yet responded to the US's views on its 14-point proposal.
The Islamic Republic News Agency (IRNA) reported on the 6th that Iranian Foreign Ministry spokesman Baghae emphasized that Iran has not yet responded to Pakistan, the mediator, regarding the US's 14-point proposal. Baghae refuted claims and speculations from some media outlets. He stated that Iran and the US are communicating through Pakistan and are currently reviewing the exchanged texts. Earlier, in an interview with the Iranian Students' News Agency, Baghae said that Iran is reviewing the US proposals and will convey its views to Pakistan after summarizing them. (Xinhua)
Lebanese Prime Minister: Not seeking normalization of relations with Israel
Lebanese Prime Minister Salam stated on the 6th, according to the Lebanese National News Agency, that Lebanon is not seeking "normalization of relations with Israel," but rather is committed to achieving peace. He pointed out that discussing a meeting with Israeli Prime Minister Netanyahu is "premature," and any high-level contact with Israel requires "full preparation." Salam also stated that consolidating the ceasefire will form the basis for a possible new round of Lebanon-Israel negotiations to be held in the United States. He said Lebanon's "minimum requirement" is for Israel to set a timetable for troop withdrawal, while Lebanon will continue to promote a unified arms control plan. (Xinhua)
The Israeli Chief of Staff stated that they are ready to resume military operations against Iran at any time.
Despite signals from the United States that negotiations with Iran showed promising prospects, Israel Defense Forces Chief of Staff Zamir stated on the 6th that the IDF remains "on high alert" and is ready to launch "a powerful and widespread military operation" against Iran at any time. Zamir made these remarks in Israeli-controlled territory in southern Lebanon, adding that Israel is still preparing for broader actions, including possible direct military action against Iran. The IDF has prepared "a range of targets" in Iran and is ready to launch military operations at any time. (Xinhua)
With the Middle East wars bringing oil profits, Russia announces it will resume foreign exchange purchases.
Russia's Ministry of Finance announced that it will conduct its first market foreign exchange purchase since the outbreak of the Ukraine war in the coming month, citing high oil prices triggered by the Iran war that have boosted Russia's crude oil export revenue. The Ministry stated that from May 8 to June 4, it will purchase 110.3 billion rubles (approximately $1.46 billion) worth of foreign exchange, primarily in yuan, for the National Welfare Fund used to stabilize the budget. This move also aims to prevent the ruble from appreciating excessively. However, following the announcement, the ruble rose 0.9% against the yuan on the Moscow Exchange, as traders and analysts had anticipated more aggressive government foreign exchange purchases. The purchases will be executed by the central bank. After offsetting the central bank's own operations, the country's net daily foreign exchange purchases will reach 1.18 billion rubles, compared to the current daily sales of 4.6 billion rubles.
US media: Iran warns ships against transiting the Strait of Hormuz without permission.
Ships attempting to transit the Strait of Hormuz on Wednesday reportedly received verbal warnings from the Iranian Islamic Revolutionary Guard Corps Navy, stating that the waterway remained blocked. A Greek shipowner waiting to pass through the strait received an audio message in English warning all vessels in the Persian Gulf and the Gulf of Oman that any vessel approaching the strait without permission or outside the designated route "will be targeted." Iranian state television reported that approximately 1,500 ships were currently preparing to transit the Strait of Hormuz, adding that these vessels would be unable to complete their voyage without permission from the Islamic Revolutionary Guard Corps Navy.
Türkiye showcases its domestically produced "Lightning Khan" intercontinental ballistic missile project for the first time.
Turkish media reported on the 6th that Turkish Defense Minister Güler unveiled Turkey's domestically produced "Lightning Khan" intercontinental ballistic missile project at the Istanbul International Defense and Aerospace Industry Exhibition on the 5th. Local media disclosed that the "Lightning Khan" missile has a range of approximately 6,000 kilometers, uses a liquid propulsion system, is equipped with four rocket engines, and can reach a top speed of Mach 25. However, the Turkish government has not yet released complete technical documents for the "Lightning Khan" missile. The five-day international defense and aerospace industry exhibition, which opened on the 5th, focuses on next-generation military technologies such as artificial intelligence, unmanned combat systems, and robotic platforms, attracting more than 1,700 exhibitors from over 120 countries. (Xinhua)
Domestic News
Beijing Stock Exchange: Temporarily waives initial listing fees and annual listing fees for privately placed corporate bonds.
To regulate the listing and information disclosure of privately placed corporate bonds and protect the legitimate rights and interests of investors, the Beijing Stock Exchange has formulated the "Rules for Listing Privately Placed Corporate Bonds on the Beijing Stock Exchange," which, with the approval of the China Securities Regulatory Commission, is hereby issued and will take effect from the date of issuance. The rules stipulate that the Exchange will temporarily waive the initial listing fee and annual listing fee for privately placed corporate bonds.
my country's first batch of domestically trained airship commercial pilots have been certified and are now working.
The Special Aircraft Research Institute of the Aviation Industry Corporation of China (AVIC) announced that on May 6, the first batch of four domestically trained airship pilots received commercial pilot licenses issued by the Civil Aviation Administration of China (CAAC) and officially began their duties. This marks a breakthrough in my country's independent training of commercial airship pilots, laying a solid foundation for the independent and controllable development of the airship industry and the high-quality development of the low-altitude economy. The four pilots who received their commercial pilot licenses come from customer units and research and development units, respectively. The training strictly followed the training syllabus approved by the CAAC, constructing a full-chain curriculum of theory, simulation, and practical operation. The trainees successfully completed over 400 takeoffs and landings in the domestically produced "Xiangyun" AS700 manned airship and passed the assessment. (Xinhua News Agency)
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