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[Key Events and Data Preview This Week – Powell's Term as Fed Chair Ends, US-China Trade Talks]1. Monday: ① Data: China's April CPI YoY, China's April M2 Money Supply YoY (TBD); US April Existing Home Sales (Annualized). ② Events: US Treasury Secretary Bessenter visits Japan, meeting with the Japanese Prime Minister, Bank of Japan Governor, and Finance Minister.2. Tuesday: ① Data: Germany's April CPI MoM Final, Germany's May ZEW Economic Sentiment Index; Eurozone's May ZEW Economic Sentiment Index; US April NFIB Small Business Confidence Index, US ADP Employment Change for the Week Ending April 25, US April Unadjusted CPI YoY, US April Seasonally Adjusted CPI MoM, US April Seasonally Adjusted Core CPI MoM, US April Unadjusted Core CPI YoY. ② Events: The Bank of Japan releases a summary of opinions from the deliberation committee members of its April monetary policy meeting; FOMC permanent voting member and New York Fed President Williams participates in a panel discussion on monetary policy; JD.com earnings call. 3. Wednesday: ① Data: US 10-year Treasury auction (to May 12) - winning yield, US 10-year Treasury auction (to May 12) - bid-to-cover ratio, US API and EIA crude oil inventory data for the week ending May 8; Japan's March trade balance; France's Q1 ILO unemployment rate, France's final April CPI month-on-month rate; Eurozone Q1 GDP annual rate revision, Eurozone Q1 seasonally adjusted employment quarter-on-quarter rate preliminary, Eurozone March industrial production month-on-month rate; US April PPI annual rate, US April PPI month-on-month rate. ②Events: Vice Premier He Lifeng will lead a delegation to South Korea from May 12th to 13th for trade consultations with the United States; the EIA will release its monthly Short-Term Energy Outlook report; OPEC will release its monthly oil market report; Chicago Fed President Goolsby will participate in a Q&A session hosted by the local chamber of commerce; the IEA will release its monthly oil market report; Alibaba will hold its earnings call; Tencent will hold its earnings call; and 2028 FOMC voting member and Boston Fed President Collins will speak at the Boston Economic Club. 4. Thursday: ① Data: UK Q1 GDP annual rate (preliminary), UK March three-month GDP monthly rate, UK March manufacturing output monthly rate, UK March seasonally adjusted goods trade balance, UK March industrial production monthly rate; Canada March wholesale sales monthly rate; US initial jobless claims for the week ending May 9, US April retail sales monthly rate, US April import price index monthly rate, US March business inventories monthly rate, US EIA natural gas storage for the week ending May 8. ② Events: 2026 FOMC voting member and Minneapolis Fed President Kashkari participates in a discussion hosted by the local chamber of commerce; Bank of Canada releases monetary policy meeting minutes; 2026 FOMC voting member and Dallas Fed President Logan participates in a dialogue on the energy industry. 5. Friday: ① Data: US May New York Fed Manufacturing Index, US April Industrial Production MoM; China April Total Electricity Consumption Year-on-Year (Pending), China April Total Electricity Consumption (Pending). ② Events: Powell's term as Fed Chair ends; 2026 FOMC voting member and Cleveland Fed President Hamak delivers opening remarks at an online discussion on central bank independence; Fed Governor Barr speaks; FOMC permanent voting member and New York Fed President Williams participates in a discussion. 6. Saturday: ① Data: US Total Oil Rig Count for the Week Ending May 15.

According to BNO News: According to police sources, multiple bodies were found on a Union Pacific freight train in Laredo, Texas, near the U.S.-Mexico border. The specific number has not yet been released.

Republican U.S. Senator Roger Wicker urged Trump to restart Operation Freedom to free ships stuck in the Strait of Hormuz.

U.S. President Trump criticized Fox News in a social media post for favoring Democrats and lying.

The three major U.S. stock index futures opened slightly lower on Monday.

U.S. Republican Senator Graham: It makes no sense to suggest that Iran does not need to completely destroy all its uranium enrichment facilities in a negotiated solution. The so-called moratorium (if uranium enrichment facilities and related capabilities are not completely dismantled) will essentially revert to the Joint Comprehensive Plan of Action (JCPOA, or "Iran Nuclear Deal"). I am certain that Iran's refusal to destroy its uranium enrichment capabilities will be met with firm opposition.

According to Saudi media alhadath: Britain and France will host a meeting of defense ministers from about 40 countries, with the topic involving the Strait of Hormuz.

U.S. President Trump: "No money paid to the United States will be refunded." - If the U.S. Supreme Court had added this sentence to the controversial tariff ruling, the United States could have saved $159 billion!

US President Trump: We have just successfully secured the release of three Poles and two Moldovans who were previously held in detention centers in Belarus and Russia.

Spanish Health Minister: The last two flights to evacuate cruise ship passengers due to the hantavirus outbreak will take off on Monday afternoon.

According to Israel's i24 news channel: Iran has submitted a several-page response, but it has not met the U.S. commitment requirements on its nuclear program and enriched uranium stockpile.

According to Israel’s Channel 12: Israeli Prime Minister Netanyahu has just concluded a phone call with US President Trump.

According to the Wall Street Journal: Iran responded to the United States by proposing to dilute enriched uranium and transfer some of it to third countries.

According to the Lebanese National News Agency: The Spanish Prime Minister’s plane made an emergency landing in Türkiye due to a technical failure.

Qatar Foreign Ministry: Qatar’s Minister of State for Foreign Affairs met with the German Chancellor’s Political and Security Advisor.

According to Israel's i24 channel: Israeli Prime Minister Netanyahu left a meeting of local leaders of the Druze and Circassian sects held at the Dead Sea. He told the participants that he must rush back to Jerusalem to answer an urgent call from US President Trump.

US President Trump: Iran will no longer be able to laugh at the United States.

According to Saudi media alhadath citing Israeli media reports, Israeli Prime Minister Netanyahu will have a phone call with US President Trump tonight.

US Ambassador to UN: Trump gives diplomacy every chance before returning to war.

US Ambassador to the United Nations: Iran cannot hold the world economy hostage.