Real-time News

The President of the Council of the European Union: The Council of the European Union and the European Parliament have just reached a provisional agreement on the implementation of two regulations on EU tariff reductions as outlined in the EU-US Joint Declaration.

Futures News, May 20th: Domestic supply remains at a low level, and inventories at major ports are expected to continue to decline. However, downstream orders are weak, demand is insufficient, and there are many unstable factors in the Middle East. Oil prices have weakened from their high levels, and the diethylene glycol market may continue to be under pressure in the short term, with downstream buyers remaining cautious.

On May 20th, according to foreign media reports, most soybean meal futures contracts on the Chicago Board of Trade (CBOT) fell on Tuesday, with the benchmark contract closing down 0.7%, mainly pressured by profit-taking by long positions. The most actively traded July contract traded between $330.7 and $338.2. Last week, soybean meal futures surged, reaching their highest level since October 2024, and the technical pattern is now severely overbought, indicating a potential correction. EU data shows that as of May 17th, EU soybean imports for the 2025/26 marketing year totaled 11.6 million tons, down 8% year-on-year; soybean meal imports totaled 15.7 million tons, down 7% year-on-year.

The European-Mediterranean Seismological Centre reports a magnitude 5 earthquake in southern Iran.

On May 20th, according to Axios News, a White House official stated that Trump will attend the G7 leaders' meeting in France in June to discuss issues such as artificial intelligence, trade, and combating crime. It is customary for US leaders to attend the annual summit, but his attendance was not previously certain due to Trump's growing dissatisfaction with the failure of G7 members such as the UK, France, Germany, and Italy to align with him on the Iran war. The White House official stated that the G7 meeting will not produce any actual signed agreements, but rather seek to lay a foundation for future agreements. Trump's birthday falls on June 14th, during the G7 meeting, when he will turn 80. While the Iran issue is likely to be on the agenda, Trump hopes to discuss business issues. French President Macron, who has repeatedly been the target of Trump's criticisms, is reportedly trying to appease the US president by hosting a lavish post-meeting dinner at Versailles. It remains unclear whether Trump plans to attend the dinner.

US President Trump: (Regarding Iran) They will not have nuclear weapons.

Federal Reserve's Paulson: The current stability in the job market is unusual.

Federal Reserve's Paulson: It is very important that the Federal Reserve uses multiple communication methods, and the Summary of Economic Projections is one of them.

Federal Reserve's Paulson: If the conflict with Iran continues, it will further increase the risks of inflation and unemployment.

Federal Reserve's Paulson: Considerations about the impact of artificial intelligence on productivity and inflation are still in their early stages.

Federal Reserve's Paulson: I did not see the need to change the policy wording at the last meeting.

On May 20th, Samsung Electronics and Google unveiled their new smart glasses at the Google I/O developer conference in 2026, launching two high-end models developed in collaboration with glasses partners Gentle Monster and Warby Parker. These new glasses are designed as an accessory to smartphones, enabling users to obtain assistance through voice interaction and seamlessly connect with their phones.

Samsung unveils new generation Odyssey and ViewFinity gaming monitors, including the industry’s first 6K gaming monitor.

Japan's Reuters Tankan Manufacturing Sentiment Index for May was 8, up from 7 in the previous month.

Japan's Reuters Tankan non-manufacturing business sentiment index for May was 29, down from 31 in the previous month.