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Recent financial market reference information shows that U.S. inflation data continues to decline, boosting market expectations for two interest rate cuts within the year. Although U.S. stocks have seen a rise, the Crypto Assets market is performing cautiously, with investors seeming to wait and see.
In terms of trade, several developments are worth noting: Trump plans to sign key parts of the US-UK trade agreement soon, while US-Canada trade negotiations have reportedly made progress. However, Trump has also indicated that he may raise auto tariffs in the near future. The US Department of Commerce has announced a new process for auto tariff exemptions and will impose tariffs on steel appliances, including washing machines and refrigerators, starting from the 23rd.
The geopolitical tensions in the Middle East continue, with media reports indicating that Israel is considering military action against Iran, potentially launching an attack as early as Sunday. At the same time, reports state that the United States has informed Israel that it will not directly participate in actions against Iran.
In terms of economic data, for the week ending June 7, the number of initial jobless claims in the United States reached 248,000, higher than the expected 240,000, marking a new high since October 2024. The core PPI for May was only 0.1%, below the expected 0.3%. These data have prompted traders to raise their expectations for two rate cuts by the Federal Reserve this year. Meanwhile, Trump publicly criticized Powell, calling for a 200 basis point rate cut.
In the energy sector, there are reports that the majority of G7 countries plan to bypass Trump and lower the price cap on Russian oil. Although JPMorgan maintains its oil price forecast for 2025, it warns that in the worst-case scenario, oil prices could double.
Regarding immigration policy, Trump claimed that more than 15,000 people are on the waiting list for his proposed $5 million immigrant gold card program. At the same time, the Trump administration plans to revoke the legal status of immigrants from Cuba, Haiti, Nicaragua, and Venezuela, affecting hundreds of thousands.
On environmental and energy policy, Trump terminated California's mandatory electric vehicle regulations but stated that he likes Tesla and other electric vehicle companies, mentioning Musk's support for him.
Texas in the United States has deployed more than 7,000 personnel to "maintain law and order," raising concerns.
Aviation safety has come under scrutiny again, as a Boeing 787 passenger plane with 242 people on board crashed in India, resulting in 265 fatalities, with only one passenger surviving. The Federal Aviation Administration has issued new airworthiness directives for certain Boeing 787 aircraft.
In addition, regarding China-U.S. relations, there are reports that Trump claimed that an agreement has been reached between the U.S. and China, to which the Chinese Ministry of Foreign Affairs has responded.