Real-time News

Local officials say 41 miners are trapped after Ukraine launched an attack on the Russian-controlled Luhansk region.

A Bank of Japan official said the report was primarily based on interviews with companies conducted up to late March.

According to the UAE's national news agency, UAE authorities are dealing with a drone attack launched by Iran targeting the Fujairah al-Din telecom building. No injuries have been reported.

Bank of Japan official: More companies are worried about the future impact of the Middle East conflict than about the immediate impact.

The Israel Defense Forces (IDF) stated that Iran's latest ballistic missile launch targeting southern Israel has likely been intercepted. No casualties have been reported.

Bank of Japan: Many regions reported that businesses continue to pass on rising labor and distribution costs.

Bank of Japan: Some regions are concerned that rising energy prices and escalating inflation could trigger wider supply disruptions and damage household and business confidence.

Bank of Japan: Some regions say the effects of the Middle East conflict have become apparent through soaring oil prices and supply disruptions.

The Israeli military has identified a missile launched from Iran toward Israel, and its air defense system has been deployed to intercept it.

AirAsia X founder: Fuel costs have basically more than doubled.

April 6 – On the morning of April 6 local time, Tran Thanh Man was elected Chairman of the 16th National Assembly of Vietnam. Born in August 1962, Tran Thanh Man previously served as Vice Chairman and Chairman of the Central Committee of the Vietnam Fatherland Front. He has served as Standing Vice Chairman of the National Assembly since April 2021 and will preside over the National Assembly's work from May 2, 2024. He was elected Chairman of the National Assembly of Vietnam at the 7th session of the 15th National Assembly on May 20, 2024.

AirAsia X founder: There have been no delays in aircraft delivery; four new aircraft will be received as planned this year.

AirAsia X founder: Unaffected by RM exchange rate fluctuations; oil prices are the most critical factor.

AirAsia X founder: Petronas, the Malaysian national oil company, informed us that fuel reserves can last until June. Vietnam and Thailand still have certain restrictions on aircraft refueling.

The Federation of Automobile Dealers Associations of India (FADA) reported that retail sales of two-wheeled vehicles increased by 28.68% year-on-year in March.

The Federation of Automobile Dealers Associations of India (FADA) reported that overall automobile retail sales in March increased by 25.28% year-on-year.

The Federation of Automobile Dealers Associations of India (FADA) reported that commercial vehicle retail sales increased by 15.12% year-on-year in March.

AirAsia X founder: We will have to cut some capacity because we don’t expect to be able to cover fuel costs on those routes. We will have to raise fares and cut costs.

Israel Defense Forces: The Israel Defense Forces recently launched a new round of strikes against Iranian regime targets in Tehran.

According to the China Cotton Information Center's weekly report on the Chinese cotton market on April 6th, the following points were observed: 1. Price Dynamics: The average settlement price of the Zhengzhou cotton futures main contract for the week of March 30th-April 3rd was 15,331 yuan/ton, basically unchanged from the previous week. The average settlement price of the New York cotton futures main contract was 70.47 cents/lb, up 2.10 cents/lb from the previous week, a rise of 3.1%. Domestic cotton prices were 3,244 yuan/ton higher than international cotton prices, with the price difference narrowing by 382 yuan/ton compared to the previous week. The average market price of domestic C32S carded yarn was 22,285 yuan/ton, up 92 yuan/ton from the previous week, a rise of 0.4%. 2. Macroeconomic Situation: The escalating situation in the Middle East exacerbated concerns about global stagflation, with New York crude oil futures breaking $110 for the first time in four years. A report from the United Nations Conference on Trade and Development showed that the average daily ship traffic through the Strait of Hormuz plummeted by 95% month-on-month in March. Domestically, the manufacturing PMI returned to expansion territory in March to 50.4%, indicating a slight recovery in economic activity. 3. Supply and Demand Situation: The International Cotton Advisory Committee's April report increased its global cotton production forecast for 2026/27 by 100,000 tons to 24.9 million tons. The USDA's intended cotton planting area in March was 9.64 million acres, a 3.9% year-on-year increase, but drought conditions currently affect 90% of major producing areas. As of April 2nd, the national cotton sales rate was 81.3%, a 16.7 percentage point increase year-on-year. New orders for downstream textile companies have weakened slightly, and some companies have seen a decline in operating rates. 4. Market Outlook: The expectation of tight supply in the new year and domestic policies to expand domestic demand provide strong support for the domestic cotton market. It is expected to continue its range-bound trading pattern in the near term, requiring close monitoring of spring planting weather in the Northern Hemisphere and factors such as the US-China trade negotiations.