Today's International News
1. Federal Reserve Chairman Powell: The Federal Reserve is adjusting its overall policy-making framework. Zero interest rates are no longer a baseline scenario, and there is a need to reconsider the wording around underemployment and average inflation rates. April PCE is expected to drop to 2.2%.
2. Tariffs - Japan seeks to hold the third round of US-Japan trade talks next week, the US is considering modifying the US-Japan trade agreement, and the EU and the US will accelerate the trade negotiation process. The EU hopes for a larger tariff reduction than with the UK.
3. Russia-Ukraine Talks -
① Talks have been postponed to the 16th. Zelensky has left Turkey, stating that a ceasefire agreement can be reached on a technical level, which would allow him to skip a meeting with Putin;
② Trump: If appropriate, he will go to Turkey for talks before Friday. Negotiations will not progress before I meet with Putin. I won’t go, nor will I meet with Putin;
③ Kremlin: Putin has no plans to go to Turkey; no preparations have been made for a meeting between Putin and Trump.
4. Hamas officials: If a permanent ceasefire is achieved, control of the Gaza Strip can be handed over.
5. US regulators are preparing to lower the supplementary leverage ratio for large banks in the coming months.
6. Qatar's sovereign wealth fund plans to invest an additional $500 billion in the US over the next 10 years.
7. Iran has stated that it has not yet received the latest US proposal to resolve outstanding differences in the nuclear dispute.
8. Berkshire sold a large number of bank stocks in Q1, maintaining its position in Apple unchanged, with zero new stock positions.
9. The IEA slightly raised its forecast for average oil demand growth in 2025 to 740,000 barrels per day; it raised its supply growth expectation to 1.6 million barrels per day.
10. Coinbase reported that customer data was stolen, has refused a $20 million ransom from hackers, while the SEC is investigating its suspected false reporting of user numbers.