On June 9, 2025, the opening of the early trading session, the main domestic futures contracts rose and fell. Asphalt, SC crude oil and staple fiber rose by more than 1%. The European Union fell by more than 3%, while Shanghai gold, alumina, coke, apple, No. 20 rubber (NR), and urea fell by more than 1%.
Everbright Futures:
In terms of data, the United States recorded 139,000 non-farm employment population after the seasonal adjustment in May, a new low since February, higher than the market expectation of 130,000.
In terms of interest rate cuts, Trump said that the Fed's "big lateness" is a disaster. Europe has cut interest rates 10 times, and we have not cut interest rates once, and it will be a percentage point to fill up the fuel! The latest CME "Federal Observation" data shows that the probability of keeping interest rates unchanged in June is 99.9%, the probability of cutting interest rates by 25 basis points is 0.1%, and the probability of keeping interest rates unchanged by July is 83.4%, and the probability of cutting interest rates by 25 basis points is 16.5%.
In summary, non-farm data performed well, and the market ignored Trump's urging rate cuts and continued to lower the Fed's expectations for interest rate cuts in June and July.
Source: Sina.com
