Category: Flash News

On May 10th, according to the US Commodity Futures Trading Commission (CFTC), as of the week ending May 6th, speculators’ net long position in COMEX gold decreased by 3558 contracts to 112307 contracts, hitting a 14 month low; COMEX silver futures speculative net long position decreased by 1004 lots to 30248 lots. COMEX copper futures speculative net long position increased by 3325 lots to 23338 lots.

On May 10th, the Gaza Strip media office announced on the 9th local time that the Israeli army attacked the United Nations Relief and Works Agency for Palestine Refugees in the Near East aid distribution center located in the Jabaliya refugee camp in northern Gaza, resulting in at least two deaths and multiple injuries. Shortly thereafter, the Israel Defense Forces and the National Security Agency (Shin Bet) issued a joint statement stating that their forces were conducting strike operations against Palestinian Islamic Resistance Movement (Hamas) militants in the Jabaliya refugee camp in the northern Gaza Strip.

On May 10th, Israeli Defense Minister Katz said on the 9th that Israel will make a “strong response” to missile attacks by Houthi militants in Yemen. Katz said that the Houthis continue to launch missiles at Israel. Israel will respond strongly in Yemen and any necessary places.

On May 10th, the settlement price of international crude oil futures rose by over 1%, with a cumulative increase of over 4% this week. WTI crude oil futures for June closed up $1.11, up 1.85% at $61.02 per barrel, with a cumulative increase of 4.68% for the week. Brent crude oil futures for July closed up $1.07, or 1.70%, at $63.91 per barrel, with a cumulative increase of over 4.27% for the week.

On May 10th, Israeli Defense Minister Katz said on the 9th that Israel will make a “strong response” to missile attacks by Houthi militants in Yemen. Katz said that the Houthis continue to launch missiles at Israel. Israel will respond strongly in Yemen and any necessary places. The Israeli Defense Forces announced earlier on the 9th that the Israeli Air Force intercepted a missile launched by Houthi militants towards Israel on the same day. On the 6th, Israel launched a large-scale airstrike on the Houthi controlled area in Yemen, and on the same day, the United States suddenly announced that it would stop bombing the Houthi militants. Omani officials subsequently confirmed that the United States had reached a ceasefire agreement with the Houthis. The Houthis have warned that they will continue to strike Israel.

On May 10th, the Gaza Strip media office announced on the 9th local time that the Israeli army attacked the United Nations Relief and Works Agency for Palestine Refugees in the Near East aid distribution center located in the Jabaliya refugee camp in northern Gaza, resulting in at least two deaths and multiple injuries.

On May 10th, Goldman Sachs stated that the US stock market is facing a nearly 20% risk of decline, and a recession is a huge risk for the stock market. In Thursday’s podcast, Goldman Sachs Chief Economist Jan Hatzius and Chief Global Equity Strategist Peter Oppenheimer appeared particularly cautious. Hatzius reiterated the expectation that there is a 45% chance of a US economic recession in the next 12 months, acknowledging that recent data has been mixed, with both soft data such as sentiment surveys and better hard data such as the latest non farm payroll data. Goldman Sachs Chief Political Economist Alec Phillips warns that the US President’s comments on the trade agreement with the UK indicate that many countries will ultimately face higher tariffs than before Trump’s re-election.

On May 9th, the three major European stock indexes collectively closed higher, with the German DAX index rising 0.63% to 23499.32 points, the French CAC40 index rising 0.64% to 7743.75 points, and the UK FTSE 100 index rising 0.27% to 8554.80 points.

On May 9th, Microsoft founder Bill Gates announced on the 8th that he will donate most of his personal wealth to the Gates Foundation and set a goal of charitable spending exceeding $200 billion before the foundation ceases operations by 2045 to support people in need around the world. Gates announced the above decision on the occasion of the foundation’s 25th anniversary. Gates wrote in his blog, “There are too many pressing issues that need to be addressed right now, and I should not take resources that could have been used to help others for myself. Therefore, I have decided to give back my wealth to society faster than originally planned.” He stated that he expects the Gates Foundation’s charitable spending to exceed $200 billion from now until 2045, including the foundation’s existing endowment size and his future donations.

On May 9th, Shanghai’s real estate market saw the realization of the “Silver Four”. In April, driven by high-end improvement projects, the new housing market in Shanghai showed a pattern of “low opening and high growth”, with transaction volume remaining the same as the same period last year; The second-hand housing market has remained above the “boom bust line” for seven consecutive months, indicating a bottoming out signal in terms of volume and price. (Pengpai News)