--- title: "Global Headlines to Know Before Friday's US Stock Market Open" type: "News" locale: "en" url: "https://longbridge.com/en/news/288071385.md" description: "Key headlines before Friday's US market open cover global macroeconomic trends and industry developments. The EU plans to protect its industries, drawing close attention from China; Ding Xiangqun, Chairman of PICC GROUP, has been appointed Secretary of the Party Committee of the National Financial Regulatory Administration. Federal Reserve Officials hold divergent views on the pace of rate hikes, the Bank of England hints at a lower probability of a June hike, and the European Central Bank emphasizes policy flexibility. Japan intervenes heavily in currency markets, while Iran expresses no intention to export enriched uranium. Expectations of a US-Iran ceasefire boost stock markets, industrial metals surge, and foreign capital flows out of Korean stocks as funds sell Samsung Electronics and SK Hynix shares. The Nikkei rises 2.5%, the SSE Index falls 0.73%, and the Hang Seng Index gains 0.7%" datetime: "2026-05-29T12:52:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288071385.md) - [en](https://longbridge.com/en/news/288071385.md) - [zh-HK](https://longbridge.com/zh-HK/news/288071385.md) --- # Global Headlines to Know Before Friday's US Stock Market Open The EU will launch measures to "protect European industries"; the Ministry of Foreign Affairs states that China is closely monitoring these developments. Ding Xiangqun, Chairman of PICC GROUP, has been appointed Secretary of the Party Committee of the National Financial Regulatory Administration. Schmid, President of the Federal Reserve Bank of Kansas City: Federal Reserve Officials must demonstrate to the market their determination to combat inflation. Kashkari, President of the Federal Reserve Bank of Minneapolis: It is too early to conclude that the Federal Reserve needs to raise interest rates. Bank of England Governor strikes a dovish tone: Allowing inflation to temporarily exceed targets, hinting at a reduced probability of a rate hike in June. ECB Governing Council member Panetta believes there are grounds for a rate hike but emphasizes that the policy path should not be predetermined. According to Xinhua News Agency, Iranian officials stated they have no intention of transporting enriched uranium out of Iran. Japan spends 11.7 trillion yen in one month to support the market! This marks one of the largest-scale currency interventions in recent years. Driven by expectations of a US-Iran ceasefire agreement, industrial metal prices rose 5.5% in a single month, poised for their best performance since January. Samsung Electronics and SK Hynix soar, "bursting" position limits: Funds are forced to sell off, leading to record foreign capital outflows from Korean stocks. Expectations of a US-Iran ceasefire boost global stock markets; Dell surges 40% in pre-market trading, oil prices face pressure, gold rises while silver falls. 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