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On May 27, at the HarmonyOS Intelligent Mobility launch event, Yu Chengdong, Chairman of Huawei Terminal BG, revealed that as of now, HarmonyOS Intelligent Mobility has delivered a total of 1.39 million vehicles, with a target of 190,000 vehicles delivered by 2026, representing a year-on-year increase of 27%.May 27th - British household energy bills are set to see their biggest increase since 2023 due to the war with Iran pushing up wholesale gas and electricity prices, further exacerbating inflationary pressures already weighing on the UK economy. The UK energy regulator, Ofgem, announced on Wednesday that the energy price cap will be raised by 13% to £1862 from July 1st. This price cap is updated quarterly, and the previous pricing used market data prior to the escalation of the Middle East conflict; therefore, this adjustment is the first to fully reflect the impact of the recent turmoil in the Middle East. Since the start of the conflict, UK near-month gas futures prices have risen by over 40%, while electricity contract prices have risen by nearly a third over the same period. Energy consultancy Cornwall Insight predicts that UK energy bills will rise again in October, warning that even if the conflict ends quickly, prices will struggle to return to April levels due to damaged infrastructure and prolonged energy supply disruptions.Both WTI and Brent crude oil prices fell by more than 2.00% intraday, currently trading at $94.27 per barrel and $94.57 per barrel, respectively.On May 27th, the National Energy Administration officially released a list of 51 high-value "AI+" energy scenarios. These 51 scenarios include intelligent emergency response to severe convective disasters along important power transmission lines, intelligent diagnosis and smart operation of new power distribution networks, intelligent operation optimization of large-scale vehicle-grid interaction, and intelligent operation of multi-energy complementary clean energy bases. By sector, these 51 high-value scenarios cover eight major areas, including "AI+" power grid, "AI+" new energy, "AI+" hydropower, and "AI+" thermal power.Euro Stoxx 50 futures rose 0.35%, German DAX 30 futures rose 0.31%, French CAC 40 futures rose 0.47%, and UK FTSE 100 futures fell 0.11%.

Forex

Volatility subsides around 101.80 as focus shifts to US S&P PMI in US Dollar Index Price Analysis

The US Dollar Index is in the green in advance of provisional US S&P PMI data. Thursday's market behavior was erratic after the publication of the eleventh consecutive report of higher-than-anticipated unemployment claims. The Fed's decision to increase interest rates has led to persistently deteriorating labor market conditions.