EUR/USD
1.17797
0.486%
Gold
4723.80
0.784%
Oil
92.012
-2.817%
USD/JPY
156.725
-0.130%
GBP/USD
1.36276
0.570%
GBP/JPY
213.582
0.450%
Real-time News
On May 9, Russian President Vladimir Putin said at a military parade commemorating the 81st anniversary of the victory in the Great Patriotic War that Russian troops participating in special military operations are fighting against "NATO-backed aggressive forces" and are still advancing.On May 9th, Senior Colonel Jiang Bin, Deputy Director of the Information Bureau and Spokesperson of the Ministry of National Defense, released information on recent military-related issues. A reporter asked: It has been reported that the first "Kirin"-class conventional-powered submarine built by China for Pakistan was delivered in Sanya, with the Pakistani President, Chief of Naval Staff, and other high-ranking military and political officials attending the delivery ceremony. What is your comment on this? Jiang Bin stated: This is normal equipment cooperation between China and Pakistan, and a vivid manifestation of the all-weather strategic cooperative partnership between the two countries. In recent years, under the strategic guidance of the leaders of both countries, bilateral relations have continuously reached new heights and achieved new results. For many years, the two militaries have shown mutual support and assistance, achieving fruitful results in cooperation in areas such as strategic communication, joint exercises and training, personnel training, and equipment technology, playing an important role in maintaining the security of both countries and regional peace and stability. Going forward, the Chinese and Pakistani militaries will continue to consolidate strategic mutual trust, deepen pragmatic cooperation in various fields, and contribute to building a closer China-Pakistan community with a shared future and promoting world peace and development.May 9th - The Ministry of Commerce will hold a special press conference on the APEC Trade Ministers Meeting at 15:00 on Saturday, May 9th, 2026, in the Ministrys press conference hall.On May 9th, it was reported that on May 8th, Ling Ji, Vice Minister of Commerce and Deputy Representative for International Trade Negotiations, met with Doumont, Director-General of the Treasury of the French Ministry of Economy, Finance and Industry, Energy and Digital Sovereignty. The two sides exchanged views on Sino-French and Sino-EU economic and trade relations. Ling Ji stated that under the strategic guidance of the two heads of state, Sino-French economic and trade cooperation has been continuously deepening, with diversified development in trade and investment. China is willing to work with France to implement the Memorandum of Understanding on Strengthening Sino-French Bilateral Investment, providing an open, fair, and non-discriminatory business environment for investment cooperation between enterprises of both sides. China is highly concerned about the series of foreign subsidy investigations launched by the EU against Chinese enterprises investment and trade, as well as the recently released draft amendments to the Industrial Accelerator Act and the Cybersecurity Act, among other trade and economic restrictive tools. China believes these constitute trade and investment barriers and institutional discrimination, which will seriously affect normal Sino-EU economic and trade cooperation and the stability of global supply chains. China hopes that France will play a positive role in promoting open markets within the EU and properly resolving Sino-EU economic and trade differences and frictions through dialogue and consultation.On May 9th, Futures News reported that from a macroeconomic perspective, Trumps primary objectives are to secure low-priced Middle Eastern oil, curb Irans nuclear program, and expand the dollars dominance in oil settlements, rather than perpetuating an energy price crisis. The likelihood of a macroeconomic upside is relatively high, but further analysis is needed. If the escalation of the US-Iran situation leads to a continued surge in oil prices and stagflation, the market will price gold as an inflation hedge and safe haven, thus boosting silver. However, weakness in the industrial sector will drag down silver, limiting its upside potential or causing a pullback. Conversely, if the Middle East situation does not lead to stagflation, and the Federal Reserve begins raising interest rates to mitigate inflation risks, silver will be under pressure. If US-Iran relations ease and the Strait of Hormuz resumes normal navigation, oil prices may fall significantly, and the market may price in a Fed rate cut this year, leading to an upward correction in silver prices. Overall, looking ahead to the second quarter, given the possibility of a breakthrough in the Middle East situation, the logic of a Fed rate hike this year may be disproven. Coupled with the supply and demand situation of regional market differentiation but persistent overall deficits, silver prices are likely to continue their moderate rise.
