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ECB Governing Council member Koch said that although the economy and labor market remain resilient, the risk of stagflation cannot be ruled out.

ECB Governing Council member Koch said the decision to remain on the sidelines in April was reasonable.

ECB Governing Council member Koch said the duration of the conflict will be the decisive factor.

European Central Bank Governing Council member Koch said the economic recovery is currently facing risks, and inflation risks have increased due to the conflict in the Middle East.

Bank of America Global Research: The Federal Reserve is expected to cut interest rates by 25 basis points each in July and September 2027, compared with previous forecasts of September and October 2026.

Japanese government bond yields rose, with the 20-year yield climbing to 3.390%.

On May 11, China Biopharmaceutical (01177.HK) announced on the Hong Kong Stock Exchange that its subsidiary, Chia Tai Tianqing Pharmaceutical Group Co., Ltd. (Chia Tai Tianqing), has entered into an exclusive strategic collaboration with GlaxoSmithKline (GSK) to accelerate the launch of bepirovirsen in mainland China. According to the agreement, Chia Tai Tianqing will be responsible for the import, distribution, hospital access, and promotional and non-promotional activities of bepirovirsen in mainland China, and all sales revenue generated from the product will be recognized as Chia Tai Tianqing's operating revenue. GSK will continue to act as the Marketing Authorization Holder (MAH), responsible for regulatory registration, quality control, pharmacovigilance, and global medical strategy.

May 11th - Tencent Cloud announced that QClaw officially launched its "File Space" feature today. With a single authorization, QClaw can seamlessly integrate local files, Tencent Docs, and the IMA knowledge base. From finding information and AI processing to final output and collaboration, everything is completed in a closed loop within a single workspace.

JPMorgan Chase initiates coverage of nuclear fission company Oklo (OKLO.N) with a "neutral" rating and a target price of $83.

On May 11, European Central Bank Vice President Guindos criticized the German government's opposition to UniCredit's acquisition of Commerzbank, warning that such intervention in cross-border transactions violates the spirit of the EU single market. Guindos stated, "If governments claim to support a savings and investment union on the one hand, and then say 'no, we oppose this specific transaction' on the other, then it's difficult for them to continue arguing that they support a savings and investment union." In his final interview before the end of his eight-year term next month, Guindos said that Germany's "very fragmented banking sector" needs modernization as the country faces "enormous" economic challenges.

The yield on Japan's 2-year government bonds rose to 1.380%.

On May 11th, it was reported that NIO's Silk Road Hexi Corridor section battery swapping route was officially completed on May 10th. This route stretches over 1739 kilometers from Xi'an in the east to Dunhuang in the west, with 20 battery swapping stations. With the completion of the Hexi Corridor battery swapping route, the entire Silk Road battery swapping route is expected to be completed in the second half of this year. This means that users will be able to swap batteries from any battery swapping station nationwide to any provincial-level administrative region in mainland China.

According to the Financial Times, the UK's National Health Service will grant Palantir's contractors "unlimited access" to patient data.

ECB Vice President Guindos: My main concern is that the Eurozone has very limited fiscal space, while we need to increase defense spending, some countries are seeking to cope with energy price shocks, and economic growth is expected to slow. All these factors will lead to a deterioration in the fiscal situation of many countries.

ECB Vice President Guindos: Another worrying issue is consumer confidence. We have already seen a decline in some key indicators. Aside from the specific factors driving up energy prices, we have sometimes underestimated their impact on consumer confidence.

ECB Vice President Guindos: The market has already priced in a benign scenario where the conflict is temporary and will not lead to a recession. This is a good thing, because a significant repricing in asset markets would have very adverse effects, exacerbating the impact of the energy crisis.

ECB Vice President Guindos: We need a clearer understanding of the situation in the Iranian conflict. We will have new forecast data in June. Let's wait and see.

ECB Vice President Guindos: We are indeed facing an energy shock now. But I don’t think it’s appropriate to compare the current situation with that of 2021-2022.

ECB Vice President Guindos: I think we should wait a bit longer before deciding on the next steps in interest rate policy.