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Real-time News
Hungarian Central Bank Governor Varga: Hopes to avoid a recurrence of high inflation and high inflation expectations.1. Morgan Stanley expects the Federal Reserve to keep interest rates unchanged in 2026, after previously predicting rate cuts in September and December. They now expect the Fed to cut rates by 25 basis points each in January and March 2027. 2. Two sources familiar with the matter said that Trump plans to be briefed on Thursday by U.S. Central Command Commander Brad Cooper on new plans for potential military action against Iran. This briefing indicates that Trump is seriously considering resuming large-scale military operations to break the deadlock in negotiations or deliver a decisive blow before ending the war. 3. The National Development and Reform Commission has announced the second batch of 91.5 billion yuan for "new infrastructure" equipment upgrade projects and funding arrangements for 2026. Combined with the previously allocated 93.6 billion yuan, a total of 185.1 billion yuan has been allocated for "new infrastructure" equipment upgrades this year, accounting for 92% of the total 200 billion yuan for the year. 4. With the widely anticipated shutdown approaching, new changes have emerged in the licensing process for lithium mines in Yichun, Jiangxi. According to the official website of the Jiangxi Provincial Department of Natural Resources, after the assessment reports and other materials regarding the transfer revenue of mining rights for four kaolin mines in Yichun were publicized on April 7, the Dagang Kaolin Mine in Huaqiao Township, Yifeng County, and the Tongan Kaolin Mine in Tongan Township, Yifeng County, raised objections during the publicity period. The assessment reports for the other two mines have been made public and are now effective. As of now, the assessment agencies have issued two replies, rejecting the objections of both companies and upholding the original assessment results. The publicity period for the verification replies to the objections will continue until May 12. 5. A decree issued by the Indonesian Ministry of Trade on Thursday shows that Indonesia has set the reference price for crude palm oil exports in May at US$1,049.58 per ton, an increase from US$989.63 in April. Based on the new reference price, the export tax on crude palm oil in May will correspondingly increase to US$178 per ton. 6. According to the China Federation of Logistics and Purchasings Steel Logistics Professional Committee survey and release, the steel industry PMI for April 2026 was 49.2%, a decrease of 1.4 percentage points month-on-month, indicating some fluctuations in the steel industrys operation. 7. The National Bureau of Statistics Service Industry Survey Center and the China Federation of Logistics and Purchasing released the April China Purchasing Managers Index today. The manufacturing purchasing managers index, after rebounding into the expansion range in March, continued to operate within the expansion range, indicating that the overall manufacturing sectors prosperity level is stable and the manufacturing sector continues its good operating trend. 8. The Ministry of Agriculture and Rural Affairs held the inaugural meeting of the Expert Advisory Committee for Monitoring and Early Warning of the Pig Industry. The meeting emphasized that the supply and demand relationship in the pig industry has undergone profound changes, making it essential to strengthen comprehensive capacity control. 9. According to Longzhong Information, as of April 30, 2026, the total inventory of domestic soda ash manufacturers this week was 1.8088 million tons, a decrease of 0.55 million tons from Monday, a drop of 0.30%. Among them, light soda ash was 911,200 tons, a decrease of 0.70 million tons month-on-month, and heavy soda ash was 897,600 tons, an increase of 0.15 million tons month-on-month. 10. Mysteels statistics show that the verified capacity utilization rate of 523 coking coal mines was 91.3%, a decrease of 2.3% compared to the previous period. The average daily output of raw coal was 2.039 million tons, a decrease of 52,000 tons compared to the previous period.April 30th - According to the Financial Times, the Bank of England has expressed concern about plans to cut capital requirements for specialized trading firms, a move that has created disagreements with other UK regulators. This disagreement stems from a proposal by the Financial Conduct Authority (FCA) late last year to relax capital rules for trading firms it regulates, aiming to improve liquidity in financial markets. Multiple sources familiar with the matter indicated that the Bank of England is skeptical, with officials worried that the move could weaken the resilience of large trading firms during crises, thereby increasing risks to financial stability. Over the past decade, trading firms have reshaped the trading landscape on Wall Street, surpassing large banks such as JPMorgan Chase and Goldman Sachs. Unlike large banks, these firms are not subject to a complex set of regulatory requirements designed to ensure they have sufficient capital in the event of market losses or deposit runs.According to Hong Kong Stock Exchange documents, Shenzhen Fiyland Technology Group Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.According to the Financial Times, the Bank of England and the Financial Conduct Authority (FCA) are locked in a standoff over the capital requirements for trading firms. The Bank of England has expressed concern over plans to reduce capital requirements for professional trading firms.
