News

German auto stocks in Europe fell 1.2%-2.2% before the market opened, after Trump announced that he would increase auto tariffs to 25%.

NATO Secretary-General: Trump is now frustrated because of the stance of some European countries on the Iran war.

New Zealand Prime Minister Luxon: One-third of New Zealand's fuel comes from Singapore. Today we signed an agreement to ensure the continued supply of fuel to New Zealand, even during a crisis.

ECB Governing Council Member Robert Mueller: I expect inflation to accelerate in the coming months.

Japanese Finance Minister Katayama Satsuki: No comment on whether to intervene in the foreign exchange market. The market has seen some speculative moves.

ECB Governing Council Member Muller: The current interest rate is roughly at a neutral level, and there is room to wait and see.

India's April manufacturing PMI final value was 54.7, expected 55.5, and the previous value was 55.9.

Norwegian Road Federation (OFV): Tesla’s new car registrations in Norway fell by 61% year-on-year in April.

UK Maritime Trade Action Office: Vessels choosing to pass through the Strait of Hormuz should consider transiting Oman’s territorial waters south of the traffic separation scheme. Due to the expected heavy traffic volume, it is recommended to coordinate with the Omani authorities via VHF channel 16 to maintain navigation safety.

UK Maritime Trade Operations Office: The United States has established an enhanced security area to support passage in the southern part of the Strait of Hormuz Traffic Separation Plan.

UK Maritime Trade Operations Office: The maritime security threat level in the Strait of Hormuz remains critical due to ongoing regional military operations. Sailors in the area should be aware of increased naval presence, increased force protection posture, potential VHF calls, and congestion near anchorages.

ECB Governing Council Member Wensch: Europe appears "naive" in adhering to the old economic model.

Members of the Iranian Parliament: Any U.S. interference in the "new Strait of Hormuz regime" is a violation of the ceasefire.

Jefferies: Raised Apple's target price to $299.88 from $294.91.

Jefferies: Lowered Microsoft's target price from $675 to $575.

Jefferies: Raised its target price on Alphabet to $445 from $400.

Japanese Prime Minister Sanae Takaichi: The closure of the Strait of Hormuz will have a huge impact on the Indian Ocean and Pacific regions.

Australian Prime Minister Albanese: Defense and security cooperation with Japan will further develop our already mature defense relationship.

Australian Prime Minister Albanese: The joint statement with Japan on critical minerals elevates critical minerals to a core pillar of our economic and security relationship.

Australian Prime Minister Albanese: Signed a joint statement on economic and security cooperation with Japan. This agreement will make us more resilient in the face of economic shocks and uncertainty.