[CITIC Securities: BOJ Expects 25bps Rate Hike to 1% in June, Yen May Remain Volatile] (1) The Bank of Japan maintained its policy rate unchanged in April as expected, while raising its inflation forecast and lowering its growth forecast; the quarterly outlook text was hawkish, but Governor Kazuo Ueda's remarks were somewhat restrained. (2) The institution believes that the positive cycle of rising prices and wages in Japan is very solid, and still expects the BOJ to raise interest rates by 25 basis points in June, and then keep the policy rate unchanged at 1%. (3) In terms of asset performance, CITIC Securities remains cautious about Japanese bonds, expects the yen to remain volatile, and observes a "shrinking circle" phenomenon in Japanese stocks (funds are concentrated in a few core varieties).

[Why Did the UAE Withdraw from OPEC and OPEC+?] The UAE government stated that its withdrawal from OPEC and OPEC+ was made after a comprehensive assessment of the UAE's oil production policy and current and future capacity, based on national interests and aimed at more effectively meeting the urgent needs of the international market. Some analysts suggest that this statement implies the UAE's desire to increase production. Before the Middle East conflict, the UAE's oil production accounted for 10% to 15% of OPEC's total output. Withdrawing from OPEC means the UAE can increase production without being bound by OPEC quotas. Sergei Vakurenko, a former senior executive at Gazprom, analyzed that the UAE hopes to increase production by 30%, which is impossible under the quota restrictions of OPEC and OPEC+. Bao Chengzhang, an expert at the Middle East Institute of Shanghai International Studies University, told reporters that against the backdrop of the Strait of Hormuz's "blockage," the UAE hopes to break free from OPEC quota constraints, release idle capacity, and flexibly adjust production by utilizing the advantage of Fujairah Port, which is not affected by the Strait of Hormuz's "blockage." (Xinhua)

The Huawei Pura 90 Pro and Pro Max series smartphones will officially go on sale at 10:08 AM today. Both new phones are the first to feature the Kirin 9030S processor, with prices starting at 5499 yuan.