News

Polish President Navrotsky: Breaking the ties between Europe and the United States will be in Russia’s interests.

Hungarian Foreign Minister: Russia’s drone attack on Ukraine will be part of the agenda of the Hungarian government meeting on Wednesday.

Hungarian Foreign Minister: Hungary deeply condemns Russia’s drone attack in western Ukraine.

Ford Motor Co (F.N) shares extended gains to 6.3%, hitting session highs.

EIA crude oil inventories, Cushing crude oil inventories, and strategic petroleum reserve inventories in the United States for the week ending May 8 will be announced in ten minutes.

Russian Ministry of Foreign Affairs: Russian Foreign Minister Lavrov arrived in New Delhi to attend the BRICS Foreign Ministers' Meeting.

Mann, a member of the Bank of England's monetary policy committee, said that fluctuations in yields may reflect continued risk premiums on government bonds.

Mann: If a new shock occurs and affects investor confidence, international investors may respond by reducing their holdings of British government bonds.

The Nasdaq China Golden Dragon Index continued to rise, with gains expanding to 4%; Kingsoft Cloud (KC.O) soared 18.8%, Alibaba (BABA.N) and JD.com (JD.O) rose 7.7%, and Baidu (BIDU.O) rose 7%.

Víz Air Hungary: Flights to Tel Aviv will resume on May 28.

The U.S. Department of Defense announced a framework agreement with U.S. defense companies Anduril, CoAspire, Leidos, and Zone 5 for low-cost containerized munitions. This plan allows the company to procure more than 10,000 low-cost, containerized missiles over three years, beginning in 2027.

Bank of England Monetary Policy Committee member Mann: The trade-off between inflation and economic activity is becoming increasingly apparent.

Bank of England Monetary Policy Committee member Mann: Changes in the investor base could affect borrowing costs for government bonds.

Bank of England Monetary Policy Committee member Mann: A tighter policy stance could trigger volatility as new market participants close out positions, potentially leading to tighter-than-expected domestic financial conditions.

Bank of England Monetary Policy Committee member Mann: Monetary policy cannot offset the cost-push shock from energy prices.

Bank of England Monetary Policy Committee member Mann: The impact of new financing sources on the UK current account deficit is not simple.

Bank of England Monetary Policy Committee member Mann: Recent geopolitical events have increased the vulnerability of the UK economy to international shocks that may require policy intervention.

The U.S. Department of Defense announced that after testing and verification, it will award Castelion a two-year procurement contract to purchase at least 500 Blackbeard missiles annually.

According to the Wall Street Journal, White House officials said the Trump administration has asked state Medicaid regulators to comply with anti-fraud regulations.

Sources: Microsoft-owned LinkedIn is preparing to announce on Wednesday that it will lay off about 5% of its employees.