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On June 3, A shares and Hong Kong stocks were closed due to the Dragon Boat Festival. Singapore's FTSE A50 rose abruptly and sharply after the opening, rising more than 2% during the session.
A50 suddenly surged more than 2% during intraday
On June 3, FTSE China A50 futures opened 0.9% higher, then quickly expanded their gains, rising more than 2% at one point, but then the gains narrowed, up 1.98% as of press time.
Asia-Pacific stocks rose generally, with the Nikkei 225 up 1.09 percent, the Korea Composite up 0.4 percent and the FTSE Singapore Straits up 0.09 percent as of press time.
In terms of commodities, gold and silver rose. Wind market data shows that as of press time, London gold is now up 0.15%, COMEX gold is up 0.11%. Crude oil fell, ICE cloth oil fell 0.06%, and NYMEX crude oil fell 0.15%.
On Thursday, local time, the three major U.S. stock indexes closed sharply higher. The Dow rose 1.33%, the NASDAQ rose 2.69% and the S&P rose 1.84%. Popular Chinese stocks rose the most, with the NASDAQ China Golden Dragon Index up 4.63%.
JPMorgan Chase CEO Dimon previously warned that the economy will face the impact of a "hurricane", and his views were refuted by peers, and Bank of America senior official Moynihan said that the situation has improved and investors may not need to worry. JPMorgan Chase's well-known analysts have bluntly said that the US stock market may rebound strongly in the second half of 2022.
In terms of macro news, data released by the US ADP (Automatic Data Processing Corporation) showed that employment increased by only 128,000 in May, the worst monthly data since April 2020, mainly due to a sharp decline in the number of small business employment. On Friday, the U.S. Bureau of Labor Statistics will release the U.S. Non-Farm Payrolls Report for May.
Fed Vice Chairman Brainard said in an interview that it is reasonable for the market to expect the Fed to raise interest rates by 50 basis points in June and July, and it is difficult to find a reason to pause rate hikes in September. "We still have a lot of work to do to get inflation back to the 2 percent target." What matters, Brainard said, is that the Fed is not only raising rates, but also shrinking its balance sheet.
On June 1, the Fed's nearly $9 trillion portfolio officially began to shrink. The latest release of the Fed's balance sheet size weekly report shows that the size of the mortgage-backed securities (MBS) held by the Fed on Wednesday (2) was $2.707446 trillion, a decrease of $20.114 billion from the previous period; the size of the US Treasury held was $5.770779 trillion, an increase of $1.487 billion from the previous period.
Another cargo ship capsized! The Maritime Safety Authority of Malaysia issued a navigation warning
The Malaysian Maritime Safety Bureau issued an announcement on the 2nd that a cargo ship recently departed from Thailand to Malaysia and was overturned by a storm in Thai waters. All 18 containers containing processed rubberwood on board fell into the sea, and 8 of them are currently drifting into the waters off Malaysia. The Malaysian Maritime Safety Authority is issuing a warning to nearby vessels sailing via "International Navigation Warning Telex", the announcement said.
Russian Deputy Prime Minister: The embargo on Russian oil could lead to a serious shortage of petroleum products in Europe
In response to the EU's announcement of a partial embargo on Russian oil, Russian Deputy Prime Minister Novak, who is in charge of energy affairs, said on June 2 local time that the EU's decision is obviously based on political considerations, not economic considerations, and then the price of oil and petroleum products will rise, And European consumers will be damaged, not excluding a serious shortage of petroleum products in Europe.
The Russian Foreign Ministry issued a statement on the 2nd that the EU special summit held recently did not mention a plan to resolve the situation in Ukraine through peaceful negotiations, and the EU intends to push Ukraine to the edge of the cliff.
The outcome of the EU's special summit further shows that the EU has become a tool to follow the geopolitical approach of the United States and NATO to contain Russia, the statement said. The EU supports Ukraine through vague EU integration commitments, the provision of lethal weapons and financial support. Eu leaders have made no mention of a peaceful negotiated solution to the situation in Ukraine, but have deliberately pushed Ukraine to the brink of a cliff.
The statement said that the EU's decision to impose a partial embargo on Russian oil and petroleum products and prohibit the provision of insurance for Russian merchant ships is very likely to further trigger price increases, undermine the stability of the energy market, and disrupt the supply chain. Such a move would undermine the EU's economic and energy security and exacerbate the global food crisis. The full responsibility for the risk that the EU's illegal actions will lead to a worsening of global food and energy problems will be entirely borne by the EU and its policy supporter, the United States.
At a special EU summit on May 30-31, eu member leaders agreed on a sixth round of sanctions against Russia that it would immediately ban the import of 75 percent of Russian oil, with a temporary exception for oil supplied through pipelines.
President of Ukraine: Russia already controls nearly one-fifth of Ukraine's territory
Ukrainian President Zelenskiy said in a video speech in the Luxembourg parliament on the 2nd that Russia currently controls nearly one-fifth of Ukraine, about 125,000 square kilometers of territory, and the length of the Russian-Ukrainian army front is more than 1,000 kilometers. On the same day, Zelenskiy attended the Global Security Forum in the Slovak capital Bratislava via video link, calling on Western countries to provide more weapons to Ukraine.
The russian president's press secretary: The supply of foreign weapons to Ukraine will not change the final result
The United States announced on June 1 that it would provide Ukraine with a new round of $700 million in military assistance, including weapons such as the Haimas high-mobility rocket launcher system. According to Reuters, in addition, the United States also plans to sell 4 "Grey Hawk" drones to Ukraine, which can be equipped with "Hellfire" anti-tank missiles. In this regard, Russian presidential press secretary Peskov said on the 2nd that the West's supply of advanced weapons to Ukraine will not affect Russia's special military operations, and Russia will achieve operational goals.
Peskov said Ukraine continues to receive advanced weapons from the West, and if Ukraine tries to use these weapons to attack Russian territory, this will significantly worsen the current situation. He stressed that the supply of weapons by the West to Ukraine will not change the objectives of Russia's special military operations, but will only cause more suffering to Ukraine itself.
Russian Presidential Press Secretary Peskov: The West continues to send weapons to Ukraine, especially more advanced weapons every time, this practice will not change the course of Russia's special military operations, in any case, the goals of special military operations will eventually be achieved, this will only cause more suffering to Ukraine, Ukraine is only a tool in the hands of those countries that provide weapons.
Some of the content is synthesized from CCTV News and CCTV Finance
Editor: Ye Shujun
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