CHINA’S BEIJING STOCK EXCHANGE 50 INDEX RISES 1%

Broadcom (AVGO.O) shares edged lower, down 3.6% to $410, after reports surfaced that Broadcom's deal with OpenAI was stalled due to funding issues.

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.