On May 10, according to the latest reports from Xinhua News Agency and CCTV news, from the night of the 9th local time to the early morning of the 10th local time, the Russian army destroyed many Ukrainian command posts, military equipment assembly areas and 5 places in Nikolayev Oblast. ammunition and fuel depots, etc. Borrell, the EU’s high representative for foreign affairs and security policy, said that the EU may use frozen Russian foreign exchange assets for the reconstruction of Ukraine. Russia criticized the idea as “lawless”.
In the financial market, the three major U.S. stock indexes opened higher on the 10th, and star technology stocks rebounded during the session. However, the three major stock indexes subsequently turned lower.
Russian troops destroy many Ukrainian military installations
According to the battle situation information released by the Russian Ministry of Defense on May 10, local time, the Luhansk Armed Forces, with the support of the Armed Forces of the Russian Federation, completed the operation against Popasnaya and broke through the defense in depth of the Ukrainian army.
From the night of the 9th local time to the early morning of the 10th, the Russian army destroyed many Ukrainian command posts, military equipment assembly areas, and five ammunition and fuel depots in Nikolayev Oblast.
Senior EU official: Frozen Russian foreign exchange assets may be used for reconstruction in Ukraine
On May 9, local time, Borrell, the EU’s high representative for foreign affairs and security policy, said that the EU may use the frozen Russian foreign exchange assets for the reconstruction of Ukraine. Russia criticized the idea as “lawless”.
The media quoted Borrell as saying that the funds needed to rebuild Ukraine are “unbelievable”, most of which may come from the European Union. Regarding the source of these funds, Borrell suggested that the Russian foreign exchange assets frozen by the EU can be used.
In response, Russian Deputy Foreign Minister Glushko responded that Borrell’s vision was “completely lawless and undermined the foundation of international relations.” Glushko warned that if the EU does this, it will shoot itself in the foot, undermine the modern financial system, and damage the credit of Europe and the entire West.
Germany prepares emergency plan for Russian gas supply cut off
According to media reports on May 10, citing people familiar with the matter, German government officials are secretly preparing contingency plans for the possibility of a sudden interruption of Russian natural gas supplies.
According to the report, the above-mentioned emergency plan was prepared by the German economic sector, which highlights the urgency of the current situation of Germany’s energy supply. Natural gas is vital to German steel, plastics and automotive production. Germany, Europe’s largest economy, has said it wants to wean itself off Russian gas, but it is expected to remain largely dependent on Russia for energy supplies until mid-2024.
55% of Germany’s natural gas imports last year came from Russia.
German officials are concerned that Russia has unilaterally stopped gas supplies to Germany. Germany is keen to avoid a worsening of the energy situation and is therefore reluctant to support a joint European embargo on Russian gas.
U.S. stocks open higher, tech stocks outperform
On May 10, the three major U.S. stock indexes opened higher, all rising by more than 1% at the beginning of the session, and the Nasdaq rose by more than 1.5%. However, shortly after the opening bell, the three major stock indexes turned down collectively.
Big tech stocks rebounded collectively,Amazon、apple、MicrosoftWait for an obvious increase.
Major European stock indexes also remained strong in early U.S. trading, with some rising more than 2 percent.
International commodities are not volatile, and internationaloil pricefell slightly.
(Article source: Chinasecuritiesnewspaper)