Author: xjadmin

On May 7th, the China Federation of Logistics and Purchasing announced the China Warehousing Index. The index has remained in the expansion range for six consecutive months, and the demand for warehousing has continued to grow, achieving a good start to the second quarter. In April, China’s warehousing index was 50.7%, a slight decrease of 0.1 percentage points from the previous month, and remained in the expansion range for six consecutive months. The indices of new orders and enterprise employees have significantly increased, indicating that market demand continues to grow and the ability to absorb employment has improved.

On May 7th, the China Federation of Logistics and Purchasing released the April China Logistics Industry Prosperity Index. Overall, the demand for logistics business continues to expand, and the upstream and downstream of the supply chain maintain a coordinated recovery. From a regional perspective, the western region has shown a significant rebound. The prosperity index of China’s logistics industry in April was 51.1%, a decrease of 0.4 percentage points compared to the previous month. In the sub indices, the total business volume index, new order index, inventory turnover index, etc. all maintain an expansion range of over 50%.

On May 7th, in the first week after the May Day holiday, 1.62 trillion yuan of reverse repurchase funds were concentrated and matured. Combined with the May 900 billion yuan buyout reverse repurchase and the 125 billion yuan medium-term lending facility (MLF), the market liquidity will face a temporary peak of recovery. Against the backdrop of accelerated government bond supply and ongoing external uncertainty, market attention is returning to the pace of central bank operations. Institutions expect that the overall funding situation in May will maintain a “balanced loose” pattern, and structural easing tools may be the first to exert force, becoming an important means of regulating short-term liquidity. (Shanghai Stock News)

On May 7, Huang Renxun, CEO of Nvidia, said that the scale of China’s artificial intelligence (AI) chip market may reach 50 billion dollars in the next few years, so it is crucial for American enterprises to gain access to the Chinese market. As an American company, being unable to participate would be a huge loss.

On May 7th, the net sales of Supermicro Computer in the third quarter were 4.6 billion US dollars, with analysts expecting 4.76 billion US dollars; Expected net sales for the full year are 21.8-22.6 billion US dollars, compared to the company’s original estimate of 23.5-25 billion US dollars; Net sales for the fourth fiscal quarter are expected to be between $5.6 billion and $6.4 billion, with analysts expecting $6.59 billion.

On May 7th, Iranian Foreign Ministry spokesperson Bagai stated that regarding the fourth round of negotiations between Iran and the United States on the nuclear issue, Oman will immediately announce the relevant information once the time and location are finally determined. He clarified that the final date for the next round of negotiations has not yet been determined, but “Oman’s proposal to hold negotiations in a few days is under consideration”. Earlier that day, Iranian media quoted sources as saying that the fourth round of negotiations between Iran and the United States on the nuclear issue will be held on May 11th in the Omani capital of Muscat.

On the evening of the 6th local time, Port Sudan Airport located in eastern Sudan announced the resumption of inbound and outbound flights. Earlier on the morning of the 6th, the oil depot near Port Sudan Airport was bombed by drones from the Sudan Rapid Support Force, causing the airport to suspend all flight operations from 10:00 to 17:00.

On May 5th to 6th local time, a joint delegation from the African Union and the Intergovernmental Authority on Development visited South Sudan to discuss the constantly changing political and security situation, as well as the current status of the peace process, with the South Sudanese authorities and major stakeholders. This visit is led by the Chairperson of the African Union Commission, Yusuf, and the Deputy Executive Secretary of the Intergovernmental Authority on Development, Mohamed Abdi Will. In the announcement released by the African Union on May 6th, the African Union Commission and the Intergovernmental Authority on Development jointly reiterated their unwavering support for the government and people of the Republic of South Sudan to continue pursuing peace, national unity, democratic governance, and sustainable development.

On May 7, the US Treasury Department issued US $42 billion of 10-year treasury bond, and the bid winning yield was 4.342%, lower than the pre issuance trading level of 4.354% at the bid closing at 1 p.m. New York time. US treasury bond bonds subsequently rose, and the 10-year yield fell to an intraday low of 4.32%, falling more than 2 basis points within the day.

On May 7th, UAE President Mohammed had a phone call with Iraqi Prime Minister Sudani on May 6th local time, discussing the close relationship between the two countries and exploring ways to strengthen cooperation, especially in key economic areas. In addition, the two leaders also discussed regional and international issues of common concern, particularly the recent developments in the Middle East region. They emphasized the need to support all efforts to promote peace, stability, and secure development in the region for the benefit of its people.