ECB Executive Schnabel: Rate Hike in June Inevitable
On May 26, ECB Executive Board Member Isabel Schnabel stated that a rate hike in June is inevitable; we can no longer ignore the surge in inflation. The latest data indicates that there are upward risks to inflation and downward risks to economic growth. The inflation shock is gradually spreading to other parts of the consumer basket, with increasingly evident signs.
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US Stocks Unusual Movement | Optical Communication Concept Stocks Rise, Lumentum (LITE.US) Up Over 8%
According to Zhihui Finance APP, on Friday, optical communication concept stocks generally rose, with Applied Optoelectronics (AAOI.US) surging over 10%, Coherent (COHR.US) up more than 9%, Lumentum (LITE.US) up more than 8%, Corning (GLW.US) up nearly 4%, Nokia (NOK.US) up more than 2%, and Credo Technology (CRDO.US) up over 1%.
Applied Optoelectronics surged 9.1% intraday; bullish options rose as much as 165%
$Applied Optoelectronics (AAOI.US)$ shares rose by 9.1% during trading hours. The highest trading volume call option saw a price change of +165%, with a trading volume of 354 contracts. For more details, refer to the options page's ranking. Option prices are highly volatile; please be aware of the risks. Click to view the AAOI options chain.
The three major US stock indexes opened mixed; the Nasdaq Golden Dragon China Index rose 1.32%.
The Dow Jones opened up 0.05%, the Nasdaq rose 0.55%, and the S&P 500 gained 0.27%. Among leading tech stocks, Tesla increased by 1.97%, Apple fell by 2.56%, and Netflix dropped by 1.48%. The Nasdaq Golden Dragon China Index advanced 1.32%, Li Auto rose by 5.05%, and Bilibili climbed 3.37%.
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