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June 5 - The Palestinian Islamic Resistance Movement (Hamas) issued a statement on June 4 saying that Hamas senior official Khalil Haya spoke by phone with Iranian Foreign Minister Araghchi that day to discuss the latest developments in the Palestinian issue and the regional situation.
June 5 - Uruguayan Foreign Minister Lubetekin announced on June 4 that the South American country will grant visa-free access to Chinese citizens.
According to Business Insider, Google (GOOG.O) is quietly laying off employees in its cloud division.
On June 5th, a Pakistani government official told Nikkei Asian Review, "Pakistan plans to initially establish oil reserves sufficient for 45 days of needs, which can be gradually increased to 90 days in the future." The official revealed that the Ministry of Energy plans to adopt a multi-mode strategic petroleum reserve system, including state-supported emergency stockpiles, industry-mandated stockpiles, and bonded commercial warehousing. Among these reserve systems, bonded commercial warehousing has sparked discussion. This refers to storage facilities under customs supervision where imported oil or other fuels can be stored for re-export by domestic and foreign traders without immediate payment of customs duties and taxes. In case of emergency, these stored fuels can be used domestically in Pakistan. Nikkei Asian Review, citing another informed government official, reported that Pakistan is negotiating with Saudi Arabia, Kuwait, Qatar, the UAE, and China to establish bonded terminals within Pakistan. "Gwadar Port could be one of the locations for such a terminal," the official stated.
On June 5th, CME Group CEO Terry Duffy expressed "deep concern" about the rise of so-called "perpetual futures," a type of increasingly popular financial contract that recently received crucial approval from US regulators. Duffy pointed out that "perpetual contracts" offer little practical use for institutional investors while simultaneously exposing retail traders to excessive risk. Duffy stated, "I have serious concerns about the structure of these contracts. I don't want to see people who lack understanding of the product ultimately forced out by contract liquidations; after all, they shouldn't be involved in these types of contracts in the first place."
British Prime Minister's spokesperson: Starmer has no intention of resigning.
US President Trump: Cuba is facing food shortages and lacks energy and oil.
US President Trump: We will reach a trade agreement with India.
US President Trump: (Regarding Iran) You will eventually know the contents of the agreement. The main part is that the Strait will be opened immediately.
US President Trump: I don't want to meet with Iran's Supreme Leader. But we can meet if it's for a deal.
US President Trump: The United States will take over Iran's nuclear stockpile.
US President Trump: An agreement to ensure Iran remains free of nuclear weapons is expected.
U.S. Energy Secretary Wright: The greater threat to U.S. energy prices comes from the Democratic Party's green energy policies. These policies have driven up energy prices far more than the conflict with Iran.
US President Trump reiterated that negotiations with Iran are progressing well.
US President Trump: (Regarding Iran) They cannot have nuclear weapons.
US President Trump: Without US military support, Ukraine will not be able to continue fighting.
Fannie Mae and Freddie Mac shares rose 6% in the US pink sheets market; Trump said that the combined value of Fannie Mae and Freddie Mac could reach $1 trillion.
U.S. money market funds have reached a record $7.894 trillion in assets.
Lululemon (LULU.O) reported first-quarter revenue of $2.5 billion, exceeding IBES's estimate of $2.433 billion.
The Dow Jones Industrial Average rose 875.05 points, or 1.73%, to close at 51,562.12 on Thursday, June 4; the S&P 500 rose 30.65 points, or 0.41%, to close at 7,584.33; and the Nasdaq Composite fell 23.02 points, or 0.09%, to close at 26,830.96.
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