EUR/GBP fell back below 0.88, down 0.28% on the day.

[Officials from West, France and Germany met to approve the future air combat system cooperation agreement] On April 28 local time, Spanish Defense Minister Robles, French Defense Minister Le Corny, and German Defense Minister Pistorius met in Madrid, the capital of Spain. And approved the relevant cooperation agreement of the future air combat system. The initial cooperation agreement signed by the three countries is worth 8 billion euros, and the final amount of cooperation projects is expected to reach 100 billion euros, with an expected implementation period between 2040 and 2045. The future air combat system is expected to gradually replace the air combat systems currently deployed by Spain, Germany and France. The project has already brought together many EU companies to join, the main joining companies include France Dassault Aviation, Airbus, etc. Among them, Spain, Germany and France are expected to each bear about 33% of the project investment.

ExxonMobil CEO Woods: The White House has mixed messages on oil; Europe will pay for not investing in oil.

The main contract spread of LME tin futures is in the largest backwardation since 2021.

New York Community Bank: The decline in deposits was partly due to withdrawals from cryptocurrency firm Circle.

Market news: Indian Defense Minister and Russian Defense Minister will hold bilateral talks in New Delhi.

According to RIA Novosti: The Russian Ministry of Defense stated that the air strike (on Ukraine) hit all designated targets.

UK unions: More than 4,000 National Health Service (NHS) workers across the UK continue to strike.

Bank of America: During the week of April 26, cash funds saw inflows of $52.3 billion, bonds saw inflows of $7.4 billion, gold saw inflows of $200 million, and equities saw inflows of $23 million.

Bank of America: The inflow of US$6.1 billion in Chinese concept stocks is the largest since January 2022, and the inflow of US$1.2 billion in technology stocks is the largest since November 2022.

Bank of America: U.S. Treasury bonds ushered in the 11th consecutive week of inflows ($3.7 billion), the longest streak of inflows since August 2022.

Investment bank Lazard cut 10% of its workforce.

ECB President Lagarde: It is important that crisis management and deposit insurance (CMDI) be implemented as soon as possible.

European Central Bank President Lagarde: The banking sector is resilient and needs to be further strengthened.

Bank of Russia: Tighter monetary policy may be needed if budget deficit widens further.

Bank of Russia: Economic activity is growing faster than the Bank of Russia predicted in February.