Last Friday, non-farm data exceeded expectations, partially eased recession concerns, and combined with the boost of trade news, S&P hit 6,000 points. The dispute between Trump and Musk has not intensified further, and Tesla once rose by more than 7% during the session and closed up by more than 3%.
The US large technology stocks strengthened overall, and the seven technology giants rose across the board. US rare earth concept stocks generally fell. The China Index fell slightly by 0.06% on Friday, and the cumulative increase of more than 3% throughout the week.
The Fed's expectation of a rate cut this year has declined, U.S. Treasury yields have risen sharply, two-year U.S. Treasury yields have exceeded 4%, and the US dollar has also risen.
Spot gold fell by more than 1%. Silver continued its upward trend, and spot silver rose by more than 1.4%. Crude oil bullish sentiment rose, with U.S. oil rising nearly 2%.
Chinese Market: Last week, the A500 Index performed well in the first week of the June closing month, with a cumulative increase of 41.63 points in the whole week and closing at 4503.45, with a weekly increase of 0.92%. Although it is still a little insufficient compared to the US stock market, compared with itself, it has already made investors happy.
Last Friday, the A-share market continued to fluctuate and differentiate, with the three major indexes rising and falling, and the structural market characteristics were significant. As of the close, the Shanghai Composite Index rose 0.04%, the Shenzhen Component Index fell 0.19%, and the ChiNext Index fell 0.45%. The daily turnover of Shanghai and Shenzhen stock markets was 1.15 trillion yuan, a decrease of 138.4 billion yuan from the previous trading day. On the market, there were more than 2,600 stocks falling in the entire market. The precious metals and nonferrous metals sectors performed well throughout the day, with many stocks such as Zhongrun Resources, Hunan Silver, Shengda Resources, and Silver Nonferrous Metals hitting the daily limit. The Tianjin Free Trade Zone sector strengthened at the end of the trading session, with three stocks such as Jintouchengkai, Bohai Chemical and Haitai Development hitting the daily limit. Trade, oil and gas extraction, and Hainan Free Trade Zone are active all day. In terms of decline, the trend of the concept of restructuring in the military industry was sluggish, with Hunan Tianyan falling by more than 8%, while Huaqiang Technology and Great Wall Military Industry followed suit. Dairy, Cultivation Diamond and IP economic sectors ranked among the top in the declines, Guangbo Co., Ltd. fell by more than 8%, Ligao Food, Mancaron, and Jinhong Group all fell by more than 7%, and DiA Co., Ltd., Chaoac and Yellow River Tornado fell by following the decline.
US market:The three major U.S. stock indexes opened high and closed high, the Dow Jones Industrial Average closed up 1.05%, the S&P 500 closed up 1.03% (the first closing exceeded 6,000 points since February 21), and the Nasdaq closed up 1.2%. Stablecoin giant Circle closed up 28%, Tesla (TSLA.O) closed up 3.6%, and Tesla (TSLA.O) fell 15% last week, the biggest single-week decline since 2023. NVDA.O closed up 1.3%, Apple (AAPL.O) closed up 1.6%, and Micron Technology closed up 2%.
European market:European stock indexes closed higher, with the German DAX30 index closing down 0.08%; the UK FTSE 100 index closing up 0.3%; the French CAC40 index closing up 0.19%; the European Stoke 50 index closing up 0.36%; the Spanish IBEX35 index closing up 0.31%; the Italian FTSE MIB index closing up 0.55%.
Commodity Market:Spot gold continued to fall after the non-agricultural data was released, falling below the $3310 mark for a time, and finally closed down 1.22%, closing at $3311.68/ounce; spot silver continued its upward trend, but failed to stand firm above $36/ounce, and finally closed up 0.9% to $35.954/ounce, with a cumulative increase of more than 9% throughout the week.
International crude oil rose for the second consecutive day as concerns that an economic slowdown would curb crude oil demand eased. WTI crude oil station rose 64 USD/barrel and finally closed up 2.36% to $64.11 USD/barrel; Brent crude oil closed up 2.04% to $66.37 USD/barrel.
Foreign Exchange Market: Last Friday, the US dollar index rose, recovered the 99 mark and finally closed up 0.491% to 99.22 as non-farm data exceeded expectations. The yield on the US Treasury rose sharply, with the benchmark 10-year US Treasury yield rising by more than 10 basis points to close at 4.512%, and the yield on the 2-year US Treasury exceeded 4%, closing at 4.045%.
Before you prepare for this week's trading plan, let's see what important data and events should be prepared in advance:
l Sunday: None
l Monday: Japan's GDP data, China's CPI data
l Tuesday: UK employment data
l Wednesday: US CPI data
l Thursday: US PPI data
l Friday: German CPI data, University of Michigan Consumer Confidence Index
l Saturday: None
