MONEY-MARKET FUND ASSETS JUMP $122B, MOST SINCE APRIL 2020, PER ICI

Domestic News: 1. Brazil announces visa-free entry for Chinese citizens. 2. Li Qiang meets with a delegation of US senators. 3. Offshore yuan rises above 6.8 against the US dollar for the first time since February 2023. 4. Ministry of Commerce: Rejects and firmly opposes the EU's ban on funding projects using Chinese inverters. 5. Are China and the US considering launching official discussions on artificial intelligence? Foreign Ministry responds: No information can be provided at this time. 6. During the May Day holiday, 325 million domestic trips were made, a year-on-year increase of 3.6%; total domestic tourism spending reached 185.492 billion yuan, a year-on-year increase of 2.9%. International News: 1. South Korea surpasses Canada to become the world's seventh-largest stock market. 2. Trump extends the deadline for the EU to approve the tariff agreement to July 4. 3. A US court rules Trump's 10% tariff is invalid, but the ruling is not universally applicable. 4. US companies saw a 38% month-over-month increase in layoffs in April, but a 50% year-to-date decrease. 5. World Gold Council: Global gold ETFs saw net inflows in April. Asia saw net inflows for the eighth consecutive month. 6. Polish Central Bank Governor: Poland currently has 595 tons of gold reserves and will continue to increase its gold holdings, with a target of 700 tons. 7. Federal Reserve - Hamak: The baseline scenario is that interest rates will remain unchanged for an extended period; Collins: Hopes to adjust the wording of the FOMC statement. 8. Middle East Situation— ① US-Iran clashes: Iran claims the US attacked oil tankers and conducted airstrikes on coastal areas; Iran shot down a "hostile aircraft" and struck three US destroyers; Iranian media suggests the UAE may be involved in "hostile actions"; the US claims it was attacked while transiting the strait and launched strikes on Iranian ports, but this does not signify a resumption of war or the end of the ceasefire agreement, and there is no intention to escalate the situation. ② Iran: Has not yet responded to the US proposal. ③ Iran activates air defense systems west of Tehran; explosions reportedly heard in Dubai. ④ The Iranian president stated that he recently met with the Supreme Leader. ⑤ Middle Eastern media reports that the US and Iran have reached a consensus on easing the US naval blockade. ⑥ US intelligence indicates that Iran can withstand the Trump blockade for at least three to four months. ⑦ US media: Saudi Arabia and Kuwait have restored access to US military bases and airspace; Al Jazeera, citing US officials, denied reports of the resumption of "automatic operations." ⑧ A US State Department official stated that Lebanon and Israel will hold talks in Washington next Thursday and Friday.

New York Governor Josh Hozul will announce the New York State budget agreement on Thursday.