Real-time News

The Euro Stoxx 50 index rose 2%, erasing all losses since the start of the war with Iran.

Brazilian central bank official Picchetti: GDP is expected to accelerate again in the first quarter.

Gold prices rose more than 1% on Monday, May 25th. The dollar and oil prices fell as markets hoped for a peace agreement to end the war with Iran, easing concerns about rising inflation and persistently high interest rates. Despite both the US and Iran downplaying the possibility of a near-term agreement, market sentiment remained optimistic. UBS analyst Giovanni Staunovo noted, "Currently, financial assets are heavily influenced by oil prices, and gold is no exception." Staunovo further explained, "Lower oil prices are good for gold because the market expects lower oil prices to impact the Federal Reserve's monetary policy." He added that this trend is expected to continue in the short term.

Sources say the Sizlan oil refinery in Russia halted oil processing following a drone attack on May 21.

Two sources said that Caspian Pipeline Alliance (CPC) oil exports rose 5% in April compared to March, reaching 6.314 million tons.

On May 25, 2026, Pan Gongsheng, Governor of the People's Bank of China (PBOC), met with Jean-Pierre de Gallo, Governor of the Bank of France. The two exchanged views on the global and Chinese economic situation, Sino-French and Sino-European economic and financial cooperation, and global economic and financial governance. Pan Gongsheng stated that in recent years, under the strategic guidance of the heads of state of China and France, Sino-French relations and cooperation have made positive progress. Currently, the global economy faces multiple challenges, including geopolitical conflicts. China and France, and China and Europe, should strengthen strategic communication, jointly uphold multilateralism, and work together to build a more fair, just, inclusive, and resilient global financial governance system. China is firmly committed to opening up its financial sector and welcomes financial institutions from all countries, including France, to deepen their presence in the Chinese market. The PBOC is willing to continue deepening exchanges and cooperation with the Bank of France to elevate Sino-French and Sino-European financial cooperation to new heights. De Gallo stated that deepening Sino-French and Sino-European cooperation is of great significance in the current complex and volatile international situation. The Bank of France attaches great importance to its cooperative relationship with the PBOC and is willing to further strengthen communication and coordination to jointly promote the improvement of global economic and financial governance. Following the meeting, De Gallo delivered an academic lecture at the People's Bank of China and exchanged views with staff. Xuan Changneng, Vice Governor of the People's Bank of China, attended the meeting and chaired the lecture. Yi Gang, President of the China Finance Society, also attended the lecture.

According to TASS, the Russian Foreign Ministry has called on foreign citizens to leave Kyiv.

The SC crude oil futures contract narrowed its intraday decline to 2.00%, currently trading at 609.20 yuan per barrel.

The Bank of Israel lowered its benchmark interest rate from 4.00% to 3.75%.

On May 25, it was reported that India's Statistics Department has proposed adjustments to its monthly industrial output calculation method, including expanding industry coverage and adopting a chain-linked framework; this move is intended to align with the release of a new series of industrial output data scheduled for next week. A technical advisory group within the department has recommended extensive reforms to the Industrial Production Index (IIP), including separately tracking renewable energy generation and incorporating utilities such as gas supply, water supply, wastewater treatment, and waste management.

On May 25th, Japanese media reported that the oil tanker "Idemitsu Maru," operated by a Japanese company, arrived at a port in Aichi Prefecture, central Japan. This is the first Japanese oil tanker to leave the Strait of Hormuz and return to its home port since the outbreak of hostilities with Iran. According to Kyodo News, citing sources, the "Idemitsu Maru" carried 2 million barrels of crude oil, equivalent to approximately 80% of Japan's daily crude oil consumption. All crew members, including three Japanese nationals, are in good health. The crude oil will next be transported via undersea pipeline to a refinery in Aichi Prefecture.

On May 25, President Xi Jinping held talks with Serbian President Aleksandar Vučić at the Great Hall of the People in Beijing. Xi Jinping emphasized that the ironclad friendship between China and Serbia is unique, with a profound historical logic and a solid foundation in reality. Both sides should continue to firmly support each other. China supports Serbia in adhering to a development path suited to its own national conditions and is willing to strengthen exchanges of experience in governance with Serbia. China's 15th Five-Year Plan comprehensively outlines high-quality development goals; both sides should strengthen the alignment of development strategies, implement the medium-term action plan for jointly building the Belt and Road Initiative, and continuously promote cooperation in areas such as transportation and energy infrastructure. Facing the new wave of technological revolution and industrial transformation, both sides should increase cooperation in emerging fields such as artificial intelligence, the digital economy, green energy, and advanced manufacturing to explore new growth points.

On May 25, Iranian media reported that an Iranian delegation led by Parliament Speaker Mohammad Ghalibaf arrived in Doha, the capital of Qatar. The delegation will hold consultations with senior Qatari officials on issues related to ending the conflict.

May 25th: Building materials transaction volume was 105,100 tons, an increase of 20.94% compared to the previous trading day. May 22nd: Building materials transaction volume was 86,900 tons, an increase of 4.45% compared to the previous trading day. May 21st: Building materials transaction volume was 83,200 tons, a decrease of 5.24% compared to the previous trading day. May 20th: Building materials transaction volume was 87,800 tons, a decrease of 8.92% compared to the previous trading day. May 19th: Building materials transaction volume was 96,400 tons, an increase of 4.78% compared to the previous trading day. Last week's average: Building materials transaction volume was 90,000 tons.

On May 25th, an informed official revealed that Iranian Foreign Minister Araqchi, along with chief negotiator Qaribaf, arrived in Doha for talks with the Qatari Prime Minister to discuss a potential US-Iran agreement aimed at ending the conflict. The official stated that the consultations primarily focused on the situation in the Strait of Hormuz and Iran's highly enriched uranium stockpile. According to the official, the governor of Iran's Central Bank also accompanied the delegation to explore the possibility of unfreezing Iranian funds as part of a final agreement.

Market sources say that Iranian chief negotiator Qalibaf and Foreign Minister Araqi are meeting with the Qatari prime minister in Doha to discuss a possible US-Iran agreement to end the conflict, according to informed officials.

On May 25th, ST Zhenlai Chairman Yu Faxin introduced at the earnings conference that the company is developing a complete power management chip solution for high-speed optical modules, which is currently being supplied to customers in small batches. The company's power product strategy, targeting the needs of optical modules, AI, and computing power, focuses on the aerospace field.