News

According to the British "Times": British Prime Minister Starmer is resisting pressure from senior cabinet ministers to step down. He has just announced the appointment of six new private secretaries to fill the vacancies left by those who previously left amid public calls for his resignation. Ministers backing Starmer said he stood by his position this morning - that he would not resign and leave.

According to the British "Guardian": The British Foreign Secretary told British Prime Minister Starmer that he should promote an "orderly transfer" of power.

Market news: ServiceNow is seeking to raise approximately $4 billion through a potential U.S. high-grade debt issuance to support the company's recent acquisitions.

Russian reports say that the armistice agreement reached to celebrate the victory has expired.

Russian Deputy Prime Minister Novak: Russia will maintain its oil price forecast for budget calculations at US$59 per barrel in 2026 and lower it to US$50 per barrel from 2027 to 2029.

Russian Deputy Prime Minister Novak: Russia has lowered its 2027 GDP growth forecast from 2.8% to 1.4%; growth is expected to reach 2.4% in 2029.

Russian Deputy Prime Minister Novak: Russia has lowered its economic growth forecast for 2026 from 1.3% to 0.4%.

Poland's LOT Airlines' trial against Boeing's (BA.N) 737 MAX fraud case begins in U.S. Federal District Court. LOT Airlines said Boeing concealed safety concerns with the 737 MAX in 2016 to boost sales of the aircraft. Boeing said its sales staff were unaware of the safety issues at the time and therefore could not have lied.

According to British Independent Television (ITV): British Deputy Prime Minister Lamy is urging British Prime Minister Starmer to set a timetable for resignation.

U.S. Secretary of Defense Hegseth: Today we welcomed South Korean Defense Minister Ahn Guib at the Pentagon.

US President Trump: We need more tariffs.

U.S. Department of Energy: Nine companies have been approved to borrow crude oil from the U.S. Strategic Petroleum Reserve, including Exxon Mobil Oil (XOM.N), Marathon Oil (MRO.N) and Phillips 66 (PSX.N).

The Dow Jones Index closed up 95.31 points, or 0.19%, at 49704.47 points on May 11 (Monday);The S&P 500 Index closed up 13.9 points on May 11 (Monday) 0 points, an increase of 0.19%, to 7412.83 points;The Nasdaq Composite Index closed up 27.05 points, or 0.10%, to 26274.13 points on May 11 (Monday).

Market News: Virginia Democrats asked the U.S. Supreme Court to intervene after the state's Supreme Court invalidated a congressional district map that favored Democrats.

Spanish Ministry of Health: A Spanish quarantined tested positive for hantavirus.

The U.S. Federal Aviation Administration has approved Boeing's (BA.N) plan to resume flying its MD-11 aircraft following the UPS (UPS.N) crash.

U.S. Treasury Department: Issues new Iran-related sanctions.

Ford Motor Co (F.N) pared losses and is now down 1.3%.

Market News: A fire broke out at the HF Sinclair refinery in Oklahoma, USA, with thick smoke billowing from the site.

U.S. Navy: The USS Ford aircraft carrier strike group (CVN 78) officially set off home after responding to the country's call. Today, various squadrons from Carrier Air Wing (CVW) 8 began to return to their respective bases. The flagship and ships of Destroyer Squadron (DESRON) 2 will arrive in the coming days, officially ending this deployment.