- The Federal Reserve's Beige Book indicates that overall price levels in the United States have risen moderately. Of the 12 Federal Reserve districts, 9 reported moderate price increases, 2 reported stronger increases, and 1 reported a smaller increase. Overall, the growth rate was unchanged or slowed compared to the previous period. The report states that rising costs in energy, transportation, and raw materials have pushed up business input costs, with some companies attributing the pressure t
- Federal Reserve Governor Cook: Since last summer, risks have clearly shifted toward higher inflation, while risks in the job market have decreased. Currently, the overall job market remains stable.
- According to market sources, Uber is close to finalizing an acquisition deal worth up to 12.5 billion euros, aiming to bring the food delivery giant Delivery Hero under its umbrella.
- The Federal Reserve's Beige Book shows that the U.S. job market overall continues to grow. Among the twelve Federal Reserve districts, five regions saw moderate, modest, or significant job growth, while seven regions experienced little change in employment. Compared with the previous report, only one region reported improved job growth. The report states that employment increased in several industries including manufacturing, construction, and retail, but technical and skilled workers remain di
- India has reduced the special additional excise duty (windfall tax) on petrol exports, adjusting it from the previous 4 rupees per litre to 2.5 rupees per litre. This tax adjustment policy will take effect from July 16. This windfall tax adjustment is a dynamic revision of India’s tax policy related to refined oil product exports. Such changes in tax rates are typically determined with comprehensive consideration of factors such as international oil price trends, domestic supply and demand for
- Spot gold has just broken through the $4050.00/oz mark, now quoted at $4050.13/oz, down 0.07% on the day; COMEX gold futures main contract is currently at $4055.80/oz, down 0.34% on the day.
- Nvidia (NVDA.US) CEO Jensen Huang denied reports of production delays for the company's next-generation AI accelerator system, Vera Rubin. He stated that Vera Rubin has entered the production phase and is being delivered to customers as planned, with large quantities of the product being shipped continuously. Jensen Huang said that Vera Rubin is expected to achieve "massive" production scale, but did not specify a timeline.
- Federal Reserve Beige Book: Overall employment has increased, with moderate, mild, or solid job growth in five districts, while seven districts saw little or no change.
- Spot platinum just broke through the $1,660.00/ounce level, now quoted at $1,660.72/ounce, up 1.97% on the day; Nymex platinum futures main contract now quoted at $1,672.8/ounce, up 1.83% on the day.
- Spot silver has just touched the $58.00/oz level, now quoted at $58.00/oz, down 1.19% on the day; COMEX silver futures main contract last quoted at $58.31/oz, down 1.35% on the day.
- Spot platinum just broke through the $1,650.00/ounce mark, now quoted at $1,653.18/ounce, up 1.51% on the day; Nymex platinum futures main contract is now quoted at $1,664.2/ounce, up 1.31% on the day.
- Spot platinum just broke through the $1,640.00/oz mark, now quoted at $1,640.22/oz, up 0.71% on the day; Nymex platinum futures main contract is now quoted at $1,652.7/oz, up 0.61% on the day.
- JPMorgan and Morgan Stanley both issue bonds for financing after strong earnings reports
- Market news: Google will allow third-party stores to join its app store next week.
- GBP/USD just broke through the 1.3500 mark, latest at 1.3501, up 0.90% on the day
- AI startup Anthropic to hold IPO investor meeting, valuation rises to $965 billion
- The preliminary closing of the European STOXX 600 Index rose by 0.12% to 642.86 points. The preliminary closing of the Eurozone STOXX 50 Index increased by 0.23% to 6265.96 points. The preliminary closing of the FTSE Eurotop 300 Index rose by 0.05% to 2570.37 points.
- U.S. stocks move: Apple (AAPL.US) rises nearly 3% in early trading on reports of seeking acquisition of artificial intelligence chip business
- According to The Information: TSMC (TSM.US) has begun to oppose ASML's (ASML.US) pricing plan.
- Spot gold has just broken through the $4,030.00/ounce mark, currently quoted at $4,029.73/ounce, down 0.57% for the day; COMEX gold futures main contract is currently quoted at $4,036.70/ounce, down 0.81% for the day.
- Market News: BP spokesperson says the company plans to dissolve its BP Ventures team.
- Spot gold just broke through the $4,040.00/ounce level, now quoted at $4,039.68/ounce, down 0.33% for the day; COMEX gold futures main contract is now quoted at $4,046.90/ounce, down 0.56% for the day.
- Spot platinum just broke through the $1,620.00/oz mark, last quoted at $1,619.56/oz, down 0.56% on the day; Nymex platinum futures main contract last quoted at $1,632.5/oz, down 0.62% on the day.
- GBP/JPY just touched the 219.00 mark, latest at 219.00, up 0.86% on the day
- Spot silver has just broken above the $57.00/ounce level, now trading at $56.98/ounce, down 2.94% on the day; the main COMEX silver futures contract is now trading at $57.33/ounce, down 3.00% on the day.
- GBP/USD daily gain reaches 1.01%, quoted at 1.3515
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- According to The Information: ASML (ASML.US) plans to raise the prices of its chip manufacturing equipment.
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- Spot gold has just broken through the $4,040.00/ounce mark, currently quoted at $4,039.56/ounce, down 0.33% on the day; COMEX gold futures main contract is last quoted at $4,046.40/ounce, down 0.57% on the day.
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- Federal Reserve Chairman Waller: AI is expected to push up observable price levels over the next 12 months; whether AI will cause inflation depends on the Federal Reserve.
- Federal Reserve Chairman Waller: AI is expected to drive up observable price levels over the next 12 months. Whether AI will cause inflation depends on the Federal Reserve. I believe AI is a long-term job creator and may bring disruptive impacts.
- Nymex crude oil futures main contract just broke through the $79.00/barrel mark, now reported at $78.99/barrel, down 0.44% on the day.
- Federal Reserve Chair Waller: We will review our tools, including the balance sheet and interest rates, to see if adjustments are needed to address inflation.
- Bank of Canada Governor: Rising oil prices will increase investment in oil and natural gas.
- Federal Reserve Chair Waller: The balance sheet should be as small as possible so it can be expanded during a crisis.
- Night session futures close
- Spot gold just broke through the $4050.00/oz mark, now quoted at $4049.80/oz, down 0.08% on the day; the main COMEX gold futures contract is now quoted at $4056.50/oz, down 0.32% on the day.
- Federal Reserve Chairman Waller: Corporate capital investment contributes significantly to GDP, and I expect this trend to continue.
- Société Générale raises the target price of SanDisk (SNDK.US) from $1,200 to $1,900.
- AUD/USD just touched the 0.7000 mark, now at 0.7000, up 0.38% on the day
- The main Brent crude oil futures contract fell by 2.00% intraday, now quoted at $83.59 per barrel.
- Federal Reserve Chair Waller: Interest rates should be the main driver of monetary policy.
- Federal Reserve Chairman Waller: I cannot guarantee that the short-term impact of artificial intelligence will not disrupt employment, nor can I provide reassurance regarding employment issues.
- Spot platinum just broke through the $1630.00/oz mark, now quoted at $1629.48/oz, up 0.05% for the day; Nymex platinum futures main contract is now quoted at $1640.5/oz, down 0.13% for the day.
- Spot silver drops 2.01% intraday to $57.52/oz; main COMEX silver futures contract last quoted at $57.90/oz, down 2.05% intraday.
- Federal Reserve Chairman Waller stated that artificial intelligence is expected to push up observable price levels over the next 12 months, and whether AI will lead to inflation depends on the Federal Reserve. He believes AI is a long-term job creator and could have a disruptive impact. Regarding the short-term effects of artificial intelligence, Waller said he cannot guarantee there will be no job disruptions, nor can he provide reassurance about employment concerns. "The price surge fueled by
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- According to The Information: Apple is seeking to acquire an artificial intelligence chip company.
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- U.S. Energy Information Administration data: U.S. daily crude oil processing volume increased by 99,000 barrels to an average of 17.123 million barrels per day.
- U.S. Energy Information Administration (EIA): U.S. EIA crude oil inventories fell by 1.69 million barrels last week, with an expected decrease of 2 million barrels and analysts expecting a decrease of 1.962 million barrels; previous week saw an increase of 2.998 million barrels.
- Survey shows market participants expect US crude oil inventories to decrease by 2 million barrels.
- According to sources familiar with Apple's operations, Apple is seeking to acquire chip companies to strengthen its efforts in building server chips for running artificial intelligence. In recent months, the iPhone manufacturer has been in discussions with bankers regarding possible deals. The sources said it has also reached out to semiconductor startups to see if they are willing to sell themselves. Apple's pursuit of chip acquisitions comes at a time when the company's internal AI server per
- US stock storage concept stocks fall collectively: SanDisk plunges nearly 10%, SK Hynix, Western Digital, Seagate Technology drop over 7%, Micron Technology falls more than 5%.
- Japan is building artificial intelligence factories to drive the next industrial revolution
- U.S. West Coast crude oil inventories increased by 854,000 barrels to 46.147 million barrels.
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- Federal Reserve Chairman Waller: AI investment could be very beneficial for employment because we are building infrastructure.
- The CEO of Angola's national oil company says its holdings in GALP and BCP make him feel "very reassured."
- According to data from the U.S. Energy Information Administration (EIA), gasoline inventories on the U.S. Gulf Coast fell last week, reaching their lowest level since September 2017.
- According to The Information: Apple's (AAPL.US) AI server chip "Baltra" was originally scheduled for shipment this year, but has now been delayed.
- Brent crude oil futures main contract has just broken through the $84.00/barrel mark, currently reported at $83.97/barrel, down 1.56% on the day.
- According to The Information: Apple (AAPL.US) is seeking to acquire an artificial intelligence chip company.
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- Spot platinum just broke through the $1,640.00/oz mark, now quoted at $1,639.78/oz, up 0.68% on the day; Nymex platinum futures main contract is now quoted at $1,654.0/oz, up 0.69% on the day.
- Federal Reserve Chair Waller: Recent inflation data does not perfectly reflect underlying inflation conditions.
- Federal Reserve Chair Waller: In the short term, AI investment is considered beneficial for employment.
- Federal Reserve Chairman Waller: Recent inflation data is not a perfect indicator for measuring underlying inflation.
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- The Dow Jones opened up 0.18%, Nasdaq up 0.59%, and S&P 500 up 0.37%. Leading tech stocks: Super Micro Computer rose 1.44%, Intel up 1.43%, Qualcomm up 1.07%. The Nasdaq Golden Dragon China Index gained 1.06%, Alibaba rose 4.52%, and Bilibili climbed 3.26%.
- UBS Global Research strategists stated in a report that the recent rise in UK government bond yields is mainly driven by rising oil prices rather than domestic UK factors. They noted that the yield spread between UK government bonds and US and German government bonds remained within a controllable range, indicating that geopolitical concerns are the primary reason for the increase in gilt yields.
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- GBP/JPY just touched the 218.00 level, now quoted at 218.00, up 0.40% on the day
- The Bank of Canada stated that one major upside risk to inflation is that businesses may pass on increased input costs to consumers, creating new price pressures. The bank also expressed concerns that its estimates of productivity could be "weaker than previously assumed," which would mean a smaller economic output gap and greater inflationary pressures. Downside risks to inflation listed by the Bank of Canada include the possibility of tighter global financial conditions and a weaker-than-expe
- Argentinian LNG company: Signed a memorandum of understanding with Naftogaz of Ukraine regarding long-term cooperation on US liquefied natural gas. The two parties will explore cooperation on the long-term procurement, transportation, and distribution of US liquefied natural gas for Ukraine and some European markets.
- Spot gold has just broken through the $4,060.00/oz mark, now quoted at $4,059.88/oz, up 0.17% on the day; COMEX gold futures main contract last quoted at $4,066.20/oz, down 0.09% on the day.
- After the Canadian interest rate decision was announced, the USD/CAD fluctuated sharply, initially falling and then rising by about 7 pips, reaching a high of 1.4063.
- Federal Reserve’s Williams: Mortgage rates are closely tied to 10-year Treasury yields, which have risen due to expectations of strong US economic growth.
- Bank of Canada: Short-term inflation expectations are sensitive to changes in gasoline prices, but long-term inflation expectations remain stable.
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- Bank of Canada: Brent crude oil prices expected to fall to about $70 by the end of 2027; oil price outlook remains highly uncertain.
- Spot platinum just broke through the $1,640.00/ounce level, now quoted at $1,639.88/ounce, up 0.69% for the day; Nymex platinum futures main contract last quoted at $1,653.6/ounce, up 0.66% for the day.
