The Reserve Bank of Australia (RBA) projects revised average inflation of 3.8% in the second quarter of 2026, 3.5% in the fourth quarter, 3.1% in the second quarter of 2027, and 2.5% in the second quarter of 2028.

Domestic News: 1. The Hong Kong Stock Exchange plans to restart gold futures trading. 2. Doubao will add a paid subscription service in addition to its free model. 3. As of May 4, the total box office (including pre-sales) for the 2026 May Day holiday exceeded 600 million yuan. International News: 1. The Japanese yen fluctuated significantly, and intervention by Japan may still be ongoing. 2. New York Fed President Williams believes there is no need to consider raising interest rates at present. 3. The US Treasury raised its second-quarter borrowing forecast to $189 billion. 4. Indonesia plans to impose export tariffs and windfall profits taxes on coal and nickel to alleviate the burden of subsidies. 5. Gold and silver prices plummeted, oil prices strengthened, and the 30-year US Treasury yield broke through 5% for the first time since July last year. 6. The Russian Ministry of Defense announced a ceasefire from May 8 to 9, and Zelensky announced a unilateral ceasefire by Ukraine starting at midnight on May 6. 7. Middle East Situation— ① The UAE claims to have intercepted drones and missiles from Iran, and an attack on and fire at the Fujairah oil industrial zone; the Iraqi military claims there was no premeditated attack on UAE oil facilities, and the incident was caused by the US military attempting to create an illegal passage for vessels. ② The Iraqi military claims to have fired warning shots at a US destroyer; Iranian media reports that two Iranian missiles hit a US warship attempting to pass through the Strait of Hormuz. The US military denies being hit but claims Iran launched an attack on the US warship. ③ Israel claims to have attacked Hezbollah infrastructure in Lebanon; Hezbollah claims to have attacked Israeli military gathering points. ④ Iran strikes a South Korean ship, causing an explosion and fire. ⑤ Trump: If Iran attacks a US warship, it will be "wiped off the face of the earth." ⑥ The US military claims two merchant ships flying the US flag have passed through the Strait of Hormuz; Iran denies this. ⑦ Trump did not explicitly state that Iran had violated the ceasefire agreement.

U.S. Secretary of State Marco Rubio: The conflict in the Strait of Hormuz has resulted in the deaths of 10 civilian sailors.