Employment data fell short of the expected two-year Treasury yields, which hit an 18-month low
Due to the unemployment claims less than expected, the yield of U.S. Treasury bonds fell across the board, and the market is worried that the U.S. labor market is further losing momentum. The yield of two-year Treasury bonds closely related to interest rates fell by 5.5 basis points to 1.834%, a new low since December 2017, and the yield of 10-year Treasury bonds fell by 3.4 basis points to 2.093%. The yield of three-month Treasury bonds hangs upside down by 9 basis points, which is wider than the early trading in the Asia-Pacific market. FedWatch, a CME interest rate watcher at Chicago Merchants, shows that the market expects the Fed to cut interest rates by 87% in July.
The Morgan Stanley Business Conditions Index fell 32 points in June, the biggest monthly decline in history and the lowest since December 2008. The banks chief economist, Ellen Zentner, said confidence in all sectors in the United States was deteriorating sharply this month, with basic indicators showing a general weakening in economic activity, with the manufacturing sub-index falling to a record low.
Disney surged 4.4% to $141.74, leading the runway component. Morgan Stanley has previously raised its target price from $135 to $160, and is optimistic about the growth prospects of subscriptions to its latest streaming business. Energy sector rose 1.2%, ConocoPhillips and Chevron both rose more than 1%.
Zhongquan shares were divided, with interest headlines up 5.8%, Jingdong up 1.1%, Baidu up 0.8%, Alibaba up 0.2%, IQI up 0.6%, Pingduo up 0.3%, Zhongxin International down 0.7%, Tiger Securities down 2.5%.
Crude oil rebounded by more than 2%.
Influenced by the situation in the Middle East, international oil prices rose rapidly in the afternoon and maintained high consolidation. WTI crude oil main contract rose 2.23% to $52.28 per barrel and Brent crude oil main contract rose 2.35% to $61.38 by the end of the day.
Industrial metals rose more or less, copper in LME period rose 0.1%, to $5858/ton, aluminum futures fell 0.2%, to $1787/ton, zinc futures fell 1.3%, to $2477/ton, lead futures fell 0.4%, to $1889.50/ton, nickel futures rose 0.1%, to $11840/ton, tin futures rose 0.3%, to $19350/ton.
According to the latest data provided by Marex Spectron, a British commodity broker, Lunc copper stocks rose by 18% to 248,500 tons, net short ratio slightly fell to 10.6%, Lunc aluminium stocks fell by 9,725 tons, net short ratio was 15%, Lunc zinc stocks increased by 175 tons, Lunc nickel stocks decreased by 288 tons, Lunc tin stocks decreased by 20 tons.
Agricultural futures prices have risen across the board. Weather forecasts show that a new round of precipitation is expected in the central and Western regions. Chicago Merchantsmaize contracts for July delivery rose 2.8 percent to $4.42 per bushel, wheat futures rose 1.8 percent to $5.35-1/2 per bushel, soybean futures rose 1.1 percent to $8.88 per bushel.
Boris Johnson won the flag
European stock markets fell slightly at the end of the day, with the Pan-European Stoke 600 index up 0.16% to 380.33, the FTSE 100 index up 0.01% to 7368.57, the DAX index in Germany up 0.45%, to 12169.27, and the CAC 40 index in France up 0.01% to 5375.63. Raw materials sector rose 1.6%, media version rose 0.7%.
The Conservative Party officially opened the first round of the partys first election. Boris Johnson, the former Foreign Secretary, won the first place with 114 votes and had a huge advantage. Hunter, the British Foreign Secretary, ranked second with 43 votes, while Goff, the Environment Minister, won 37 votes. After the first round of elections, seven candidates stood out to advance to the next round, and three of them, including the leader of the House of Commons, Liedsom, were out. The next round of balloting will take place on June 18, with candidates winning at least 33 votes before continuing to run. The final Conservative leader will be confirmed on July 22 and will succeed Teresa May as the new British Prime Minister until the next general election. The Swiss Central Bank issued an interest rate resolution to keep deposit rates unchanged at - 0.75%, and said it would adhere to a loose monetary policy and pledge to curb the continued strength of the Swiss franc. In a statement on the resolution, the Swiss Central Bank said the global economic outlook remained under downward pressure. Source: First Financial Responsibility Editor: Han Yukun_NBJ11142
The Swiss Central Bank issued an interest rate resolution to keep deposit rates unchanged at - 0.75%, and said it would adhere to a loose monetary policy and pledge to curb the continued strength of the Swiss franc. In a statement on the resolution, the Swiss Central Bank said the global economic outlook remained under downward pressure.