Good weekend everyone. A few news came from the market just now, which had a great impact on these sectors!
(1) China and the United States will hold the first meeting of the economic and trade consultation mechanism
He Lifeng will visit the UK from June 8 to 13. During this period, the first meeting of the China-US economic and trade consultation mechanism will be held with the United States.
Personal opinion: The first meeting is of great significance, and I hope there will be a good result.
(2) Related to rare earth export control! The Ministry of Commerce made a statement: It will continue to strengthen approval
Personal view: Exports are stricter, further reflecting the value of "sparse". This news has a certain stimulation to the rare earth sector.
(3) The scale of foreign exchange reserves continues to rise, and gold holdings have been greatly increased for seven consecutive months
On June 7, data released by the State Administration of Foreign Exchange showed that as of the end of May 2025, the central bank's gold reserves were 73.83 million ounces (about 2296.37 tons), an increase of 60,000 ounces month-on-month. It is worth mentioning that this is the seventh consecutive month of increase, with a cumulative increase of 1.03 million ounces during this period.
Personal view: The central bank's continued purchase of gold will have a certain positive impact on gold.
(4) The US non-farm data in May slightly exceeded expectations
The US non-farm employment population recorded 139,000 after the seasonal adjustment in May, a new low since February and higher than the market expectations of 130,000; the unemployment rate remained at 4.2% for the third consecutive month.
Personal view: For the Fed, this data is OK, which can strengthen the Fed's "waiting and watching" attitude to a certain extent. That is, the expectation of interest rate cuts will decline, which is not good for gold.
(5) The China Securities Regulatory Commission approved Central Huijin to become the actual controller of 8 financial institutions
On June 6, the China Securities Regulatory Commission issued an approval stating that it approved Central Huijin to become the actual controller of Great Wall Guorui Securities Co., Ltd., Dongxing Securities Co., Ltd., Xinda Securities Co., Ltd., Dongxing Fund Management Co., Ltd., Xinda Aoya Fund Management Co., Ltd., Great Wall Futures Co., Ltd., Dongxing Futures Co., Ltd., and Xinda Futures Co., Ltd.
Personal view: Policy-oriented, this news has a certain stimulation to the securities sector.
The above are important news and interpretations over the weekend. Overall, it is slightly positive for A-shares and also has certain stimulation for securities, gold, rare earths and other sectors.
The market will focus on the results of the China-US meeting next week. If some good news can be released, the market will have the opportunity to stand above 3,400 points. Of course, the market may be more cautious before the meeting and will still focus on fluctuations.
Position time:
Noon review: 11:30—13:00
Operation: 14:00—14:45
Review: 17:00—20:00
