Macroeconomics

1. [Logistics Industry Prosperity Index] According to data from the China Federation of Logistics & Purchasing (CFLP), China's Logistics Industry Prosperity Index stood at 49.7% in April, a decline of 0.5 percentage points from the previous month. Following a significant rebound in March, the index experienced a slight pullback in April. Notably, the New Orders Index rose for the second consecutive month on a month-over-month basis; improving market demand—driven by sectors such as consumption and production—continued to fuel expansionary momentum in related industries.

2. [Automotive] According to preliminary statistics from the China Passenger Car Association (CPCA), retail sales in the national passenger car market totaled 1.406 million units in April—a year-on-year decrease of 20% and a month-over-month decrease of 15%. Year-to-date cumulative retail sales reached 5.628 million units, down 18% year-on-year.

3. [U.S. Non-Farm Payrolls] Data released by the U.S. Bureau of Labor Statistics showed that U.S. non-farm payrolls increased by 115,000 in April. This figure significantly exceeded market expectations of 62,000, marking the second consecutive month of growth surpassing forecasts.

4. [U.S. Consumer Confidence Index] The latest survey released by the University of Michigan revealed that the preliminary reading of the Consumer Confidence Index for May fell to 48.2. This marks the lowest level recorded since the index's inception in 1952, falling short of the market expectation of 49.5.

Energy

1. [Crude Oil] On May 8, international crude oil futures closed higher. The settlement price for the July contract of U.S. WTI crude oil futures stood at $95.42 per barrel, an increase of $0.61 (or 0.6%). The settlement price for the July contract of Brent crude oil futures was $101.29 per barrel, up $1.23 (or 1.2%).

2. [Crude Oil] According to a report by CCTV News, a spokesperson for the Khatam al-Anbiya Central Command of the Iranian Armed Forces issued a statement in the early hours of the morning (local time) on the 8th. The statement alleged that U.S. military forces violated a ceasefire agreement by launching attacks against two vessels: an oil tanker sailing from the coastal waters of Jask, Iran, toward the Strait of Hormuz, and another vessel entering the Strait of Hormuz opposite the port of Fujairah in the United Arab Emirates.

3. [Crude Oil] U.S. energy services firm Baker Hughes reported that U.S. energy companies increased the number of oil and natural gas rigs for the third consecutive week—marking the first three-week growth streak recorded since early February. For the week ending May 8, the total number of U.S. oil and gas rigs—a leading indicator of future production—rose by one unit to reach 548, hitting its highest level since early April.

4. [Coking Coal] On May 8, coking coal prices in the Yaodu District of Linfen saw a decline. High-sulfur primary coking coal (specifications: A11.0, S3.7, G92) was listed at a starting bid of 1,250 RMB per ton, with a total offering of 50,000 tons; the average成交价 settled at 1,254 RMB per ton, representing a decrease of 30 RMB per ton compared to the previous session on April 29.

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