Trading News

June 3 Market Inventory


On Tuesday, investors were cautious about news of progress toward ending the U.S.-Israeli war against Iran, despite numerous market rumors about U.S.-Iranian negotiations. The U.S. dollar index fell and then rose, but remained firmly above the 99 mark, and eventually closed up 0.01% at 99.20; the benchmark 10-year U.S. bond yield closed at 4.446%, and the 2-year U.S. bond yield, which is sensitive to the Fed’s policy rate, closed at 4.051%.
Spot gold surged above $4,540 in European trading, but then gave back most of the day’s gains and fell below the $4,500 mark, eventually closing up 0.09% at $4,488.23 per ounce; spot silver ended up 0.4% higher at $75.12 per ounce.
WTI crude oil fell before rising, and then opened up in the U.S. trading session, ending up 0.86% higher at 95.23 USD/barrel; Brent crude oil finally closed up 0.26% at USD 95.21/barrel.
U.S. stocks Dow closed up 0.45%, the S&P 500 index rose 0.13%, the Nasdaq rose slightly. Microsoft (MSFT.O) fell 4%, Google (GOOG.O) dropped nearly 4%, and Myvell Technology (MRVL.O) jumped 32% after Jen-Hsun Huang said Myvell Technology would be the next trillion-dollar company. The Nasdaq China Golden Dragon Index closed up 1.8%, with Alibaba (BABA.N) up more than 4%.

Trading News

June 2 Market Inventory


On Monday, as investors are still digesting the many news of the Middle East peace talks, the dollar index first rose and then fell, but stood steadily above the 99 mark, and finally closed up 0.27% at 99.20; the benchmark 10-year U.S. bond yields closed at 4.453%, and 2-year U.S. bond yields that are sensitive to the Federal Reserve’s policy rate closed at 4.035%.
Spot gold shook down during the day and fell below the $4,500 mark again, eventually closing down 1.2% at $4,484.06 per ounce; spot silver continued to oscillate in the Asian and European markets, but dived sharply in the U.S. session, eventually closing down 0.63% at $74.82 per ounce.
Because Iran’s Tasnim news agency reported that Iran has stopped indirect negotiations with the United States and plans for the Iranian army and its allies to completely blockade the Strait of Hormuz , crude oil rose more than 4% on Monday. wti crude oil in the pre-US session quickly upward, once rushed to the top of the $96, but then retracted some of the gains, and ultimately closed up 4.68% at $94.45/barrel; Brent crude oil finally closed up 4% at 94.47 dollars per barrel.
The three major U.S. stock indexes hit new closing highs, with the Dow closing up 0.09%, the S&P 500 up 0.26% and the Nasdaq up 0.42%. Tesla (TSLA.O) fell 4.5%, Nvidia (NVDA.O) rose 6%, Oracle (ORCL.N) gained nearly 10%, and Qualcomm (QCOM.O) fell nearly 9%. The Nasdaq China Golden Dragon Index closed up 1.47 percent, with Azera Motors (NIO.N) up 6.7 percent.

Trading News

June 1 Market Inventory


On Friday, as the market optimism about the U.S. and Iran reached an agreement to strengthen, the dollar index first rose and then fell, and the U.S. session of a sharp dive, and finally closed down 0.06% at 98.93; benchmark 10-year U.S. bond yields closed at 4.443%, the Fed’s policy rate sensitive to the 2-year U.S. bond yields closed at 4.010%.
Spot gold narrowly oscillated in the Asian session, in the European session to open the uptrend, intraday rose more than 1%, close to the $4,600 mark, but then retracted some of the gains, and ultimately closed up 0.97% at $4,539.93 / ounce; spot silver continued to oscillate during the day, and ultimately closed down 0.45% at $75.29 / ounce.
Crude oil fell more than 1% on Friday due to increased market optimism that the Strait of Hormuz will be open to traffic, and hit the biggest one-week drop since early April.WTI crude oil shook down, once fell below the $90 mark during the day, and finally closed down 0.61% at $90.23/barrel; Brent crude oil finally closed down 1.2% at $91.32/barrel.
The three major U.S. stock indexes edged higher, with the Dow closing up 0.72%, the S&P 500 up 0.22%, and the Nasdaq up 0.2%. IBM (IBM.N) was up more than 12%, Qualcomm (QCOM.O) was up more than 3%, and Oracle (ORCL.N) was up more than 10%. The Nasdaq China Golden Dragon Index closed flat, with Baidu (BIDU.O) up 2.4% and Alibaba (BABA.N) down 1.5%. The S&P 500 rose 5.15% in May, the Nasdaq rose 8.36%, and the Dow rose 2.78%. The S&P 500 gained for a ninth straight week, marking its longest streak of gains since December 2023.