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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: The Joint Governance Agreement has been signed, and the short-term trend analysis of spot gold, silver, crude oil and foreign exchange on May 5th". Hope it will be helpful to you! The original content is as follows:
The three major futures indexes all fell, Dow futures fell 0.65%, S&P 500 futures fell 0.81%, and Nasdaq futures fell 0.91%. Major European stock indexes rose and fell mixed, with the European Stock 50 falling 0.36%, the German DAX30 index rising 0.11%, and the UK stock market closed due to holidays.
On May 5 local time, the German Alliance Party (composed of the CDU and its sister party, the CPPCC) held a press conference with the Social Democratic Party, announcing the formal signing of the joint ruling agreement, marking that the new German government is about to come to power. Since the representatives of the Alliance Party are black and the representatives of the Social Democratic Party are red, the "Black and Red Alliance" is widely used by the outside world to refer to the ruling alliance that the German Social Democratic Party and the Alliance Party will form. On May 6, the German Bundestag will hold a meeting to elect the new federal prime minister. Coalition leader Mertz needs to receive at least 316 votes in the first round of voting.
The Spanish government is advancing a plan to reduce weekly working hours to 37.5 hours. Spanish Prime Minister Sanchez spoke at a business event in Barcelona on Monday and said the cabinet will discuss the plan tomorrow and then submit it to parliament. However, the bill will face a long process of approval in Parliament and is far from certain whether it will be supported by sufficient members of parliament.
On May 5 local time, the U.S. Embassy in Ukraine reported that Julie Davis, the Ukrainian temporary office, arrived in Kiev, the capital of Ukraine. Davis is temporarily responsible for the work of the US Embassy in Ukraine. The notice said that after Ukraine and the United States signed the historic "Ukrainian Reconstruction Investment Fund Establishment Agreement", Davis arrived in Ukraine at a critical moment to continue to implement US President Trump's policy aimed at ending the war and ensuring lasting peace and prosperity in Ukraine.
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