TD Securities: Easing stress in the financial system, persistently high inflation, strong wage growth, and the avoidance of a recession were all factors that made it easy for the ECB to raise interest rates by 25 basis points in May and reintroduce more Multiple austerity guidelines. If the data before the decision exceeds expectations, we do not completely rule out the possibility of raising interest rates by 50 basis points, but there will be no follow-up guidance.

TD Securities: According to the survey data released earlier, the US ISM manufacturing index and service industry index in April are expected to rebound slightly after falling to 46.3 and 51.2 respectively last month. We expect the ISM manufacturing index to rise slightly to 47.5. The services index likely rose to 52.2, indicating a slight improvement in the pace of expansion in the sector.

TD Securities: It is expected that the FOMC meeting will raise interest rates by 25 basis points next week, and it is expected that the communication after the meeting will: ① Emphasize that the slowdown in inflation is slower than expected, leaving the possibility of further tightening policies; ② Acknowledging that the economic environment is more difficult Sure, especially the credit situation after the SVB incident.

According to the Financial Times: Charlie Munger issues warning to banks struggling with commercial property debt.

According to RIA Novosti: The Russian Ministry of Defense said its troops occupied four blocks in the western part of the Bakhmut region.

India Meteorological Department: Heat waves are unlikely to occur in most parts of India in the next 5 days.

According to Kyodo News: The approval rate of the Japanese cabinet rose by 8.5 percentage points to 46.6%.

Market news: A gas leak occurred in the Jaspra area of Ludhiana, Punjab, India, resulting in 9 deaths and 11 hospitalizations.

Vestager, Vice President of the European Commission: We will reach a political agreement on the artificial intelligence bill this year.

Singapore Prime Minister Lee Hsien Loong: Inflation may ease in the second half of the year, and Singapore will avoid a full-scale economic contraction in 2023. The number of layoffs in the country remains manageable.

Arm, a subsidiary of SoftBank, is reported to have secretly submitted an IPO listing application to U.S. regulators. The company plans to raise $8 billion to $10 billion through the IPO.

According to the network status monitoring website DownDetector: User reports show that OpenAI has problems.

According to CNBC: Bank of America is also considering a bid for First Republic Bank.

Market news: The Federal Deposit Insurance Corporation of the United States has asked U.S. Bank to bid for First Republic Bank.

USGS: A 5.1-magnitude earthquake struck 146 kilometers east-northeast of Tual, Indonesia.

According to the Islamic Republic News Agency (IRNA): The Iranian President is scheduled to visit Damascus on Wednesday.

Ukraine will keep household gas prices unchanged until May 2024.

Egyptian Minister of Supply: Egypt is seriously considering paying for imported goods in its own currency, but no agreement has been reached.

Armenia and Azerbaijan will hold peace talks in the United States on Sunday.

Indian officials said that India will explore solutions to pay for Russian oil (import fees).