News

ECB Executive Member Schnabel: The risk of second-round effects has increased in recent weeks.

ECB Executive Member Schnabel: Household inflation expectations are adjusting rapidly.

According to people familiar with the matter, BP CEO O'Neill said in an all-staff conference call that the restructuring of the upstream and downstream operations will start in June.

BP Chief Executive Officer O'Neill said on a staff call that a U.S. listing was not a priority, people familiar with the matter said.

According to the Financial Times: European Council President Costa said that the EU has the support of Kyiv in seeking negotiations with Russian President Vladimir Putin.

According to the Financial Times: The EU is preparing for "potential" talks with Russian President Vladimir Putin, EU officials said.

Fed's Daley: Wage growth is consistent with 2% inflation target.

Fed Daley: There is currently no sign that long-term inflation expectations are rising.

Fed's Daly: It is crucial to maintain price stability while avoiding hasty action.

Fed Daley: Manufacturers and sellers are still unwilling to raise prices.

Fed Daly: If the conflict is resolved, the previous positive trend may return.

Fed Daley: The main conclusion of the Federal Open Market Committee (FOMC) meeting was that all members unanimously agreed to keep interest rates unchanged. The wording of the statement is less important than the actual actions of the FOMC.

Fed Daley: The public knows that the Fed is committed to maintaining price stability.

German Finance Minister Klingbeyer: Hopes to deepen the close partnership between Germany and Canada.

Ukrainian President Zelensky: Russia's ceasefire to commemorate Victory Day exposed its leader's "strange and inappropriate" logic.

According to Punchbowl: The U.S. Supreme Court justice will appear before the Senate Appropriations Committee on May 20.

The Trump administration plans to invite CEOs from Nvidia,Apple,Exxon,Boeing,Qualcomm,Blackstone,Citigroup and Visa to accompany President Trump on a China trip next week, according to a person familiar. Treasury Secretary Scott Bessent, USTR Jamieson Greer and Ambassador David Perdue are helping suggest attendees. Officials expect limited commercial deals beyond soybeans and Boeing aircraft, focusing instead on Trump-Xi relations, with less fanfare than prior trips.

Freddie Mac: The average interest rate on U.S. 30-year fixed-rate mortgages was 6.37% during the week of May 7, up from 6.30% the previous week.

Anatol Feygin, Chief Commercial Officer of Cheniere: Fundamentals indicate that European LNG prices will rise, and the impact of physical supply shortages has only just begun to appear.

Market news: U.S. Treasury Secretary Bessent and U.S. Commerce Secretary Lutnick met with President Lula of Brazil at the White House together with Trump.