EUR/USD
1.16304
0.285%
Gold
4467.83
0.755%
Oil
91.188
-3.141%
USD/JPY
159.990
-0.054%
GBP/USD
1.34432
0.198%
GBP/JPY
215.083
0.146%
Real-time News
1. According to the China Iron and Steel Association (CISA), in late May 2026, the steel inventory of key steel enterprises was 15.83 million tons, a decrease of 2.94 million tons, or 15.7%, compared to the previous ten days. These key steel enterprises produced a total of 22.07 million tons of crude steel, with an average daily output of 2.006 million tons, a decrease of 4.3% compared to the previous period. 2. Data released by the U.S. Department of Agriculture (USDA) shows that private exporters reported selling 115,000 tons of corn to Colombia for delivery in the 2026/2027 marketing year. 3. Russian Deputy Prime Minister Novak stated that he had met with the Saudi Energy Minister, and they agreed that there is uncertainty regarding oil demand. All oil market estimates should be significantly revised. OPEC+ is capable of offsetting the impact of changes in the global energy sector. 4. According to USDA agricultural drought monitoring data, as of June 2, 2026, the drought rate in U.S. soybean producing areas was 28%, up 1 percentage point from 27% the previous week; and up 12 percentage points from 16% at the same time last year. The drought rate in US cotton-growing areas is 87%, down 7 percentage points from 94% last week; it was 6% in the same period last year, up 81 percentage points from the same period last year. 5. International Resources Holding, Abu Dhabi, stated it has no plans to export copper concentrate after its Zambian subsidiary, Mopani Copper Mines, received its largest copper concentrate export quota under a government exemption policy. 6. Initial jobless claims in the US for the week ending May 30 were 225,000, higher than the expected 213,000 and the revised previous weeks 212,000, the highest level since the first week of February. The four-week moving average was 214,750, higher than last weeks 208,250. Continuing jobless claims were 1,777,000, slightly lower than the expected 1,780,000. The rise in initial jobless claims indicates a weakening employment situation, but it remains relatively low and stable. 7. The World Gold Council wrote in its gold market commentary report released on June 4 that looking ahead, the Federal Reserve may need to raise interest rates as inflationary pressures rise. We believe that when interest rate hikes occur, it may counterintuitively benefit gold. Historical data shows that gold performs positively after interest rate hikes in over 50% of cases. 8. USDA data shows that U.S. net soybean export sales for 2025/2026 were 276,900 tons, in line with market expectations, down from the previous week, but up 41% from the four-week average. The main increases came from Mexico, unknown destinations, Egypt, Colombia, and Indonesia. 9. Iranian Revolutionary Guard: A ceasefire on all fronts, including Lebanon, is a preliminary condition for Iran to end its war with the United States. 10. EIA Natural Gas Report: As of the week ending May 29, total U.S. natural gas inventories were 2.578 trillion cubic feet, up 95 billion cubic feet from the previous week, down 3 billion cubic feet from the same period last year (a year-on-year decrease of 0.1%), and 138 billion cubic feet higher than the 5-year average (an increase of 5.7%).According to the weekly natural gas storage report released by the U.S. Energy Information Administration (EIA) on June 4th, as of the week ending May 29, 2026: ① Natural gas storage in the Eastern region was 480 billion cubic feet, an increase of 33 billion cubic feet from the previous week, a decrease of 13 billion cubic feet from the same period last year, and an increase of 7 billion cubic feet from the 5-year average. ② Natural gas storage in the Midwest region was 573 billion cubic feet, an increase of 34 billion cubic feet from the previous week, a decrease of 1 billion cubic feet from the same period last year, and an increase of 13 billion cubic feet from the 5-year average. ③ Natural gas storage in the Mountainous region was 218 billion cubic feet, an increase of 5 billion cubic feet from the previous week, an increase of 14 billion cubic feet from the same period last year, and an increase of 54 billion cubic feet from the 5-year average. ④ Natural gas storage in the Pacific region was 298 billion cubic feet, an increase of 6 billion cubic feet from the previous week, an increase of 38 billion cubic feet from the same period last year, and an increase of 66 billion cubic feet from the 5-year average. ⑤ Natural gas inventories in the South Central region totaled 1,009 billion cubic feet, an increase of 16 billion cubic feet from the previous week, a decrease of 41 billion cubic feet from the same period last year, and a decrease of 3 billion cubic feet from the 5-year average. ⑥ Within the South Central region, salt cavern inventories totaled 310 billion cubic feet, an increase of 5 billion cubic feet from the previous week; non-salt cavern inventories totaled 699 billion cubic feet, an increase of 11 billion cubic feet from the previous week.The S&P 500 turned positive, the Dow Jones Industrial Average is currently up 1.5%, and the Nasdaq Composite is down 0.6%.U.S. Treasury Secretary Bessenter: Americans received $325 billion in tax breaks this quarter.Market news: Former US National Security Advisor John Bolton has reached a plea agreement for mishandling sensitive national security documents.
