China’s most active futures contracts open mixed, with tin up over 4%, platinum up over 3%, silver up over 2%, and palladium, fiberboard, lithium carbonate, containerized freight index (Europe route), caustic soda and alumina up over 1%. On the downside, crude falls over 4%, low-sulfur fuel oil (LU) drops over 3%, while styrene, nickel, methanol, PX and LPG decline nearly 3%.

The Trump administration’s effort to address US affordability concerns ahead of the midterm elections is facing setbacks. Key housing legislation has stalled in Congress due to objections over a White House–negotiated provision, while a proposed 10% cap on credit-card interest rates has been dropped amid opposition from banks and economists. Two executive orders on mortgage access and housing regulation remain only partially implemented and are seen as limited in impact. Meanwhile, higher gas prices driven by the Iran war and a weak spring housing market have overshadowed policy announcements. Consumer sentiment has fallen to a record low since 1978, and Trump’s approval rating has declined, raising risks for Republican control of Congress.

伊朗向霍爾木茲海峽的商船發佈通告，稱伊朗的港口已全面準備好爲船隻提供一般海事服務和支持。（伊朗伊斯蘭共和國通訊社）