EUR/USD
1.15943
0.049%
Gold
4340.57
0.732%
Oil
76.645
-4.002%
USD/JPY
160.338
-0.004%
GBP/USD
1.34092
-0.023%
GBP/JPY
215.005
-0.020%
Real-time News
ADP Weekly Employment Report: In the four weeks ending May 30, 2026, private sector employers added an average of 25,500 jobs per week.The U.S. ADP employment change for the week ending May 30 was 25,500, compared to 29,000 in the previous week.German Foreign Minister Waldfol: It is possible that negotiations to end the war in Ukraine will begin this summer.The weekly change in U.S. ADP employment figures for the week ending May 30 will be released in ten minutes.1. According to the China Feed Industry Association, in May, the national industrial feed output was 28.9 million tons, flat month-on-month and up 1.6% year-on-year. Corn accounted for 38.0% of the compound feed produced by feed companies, while soybean meal accounted for 13.1% of both compound and concentrated feed. 2. French diplomatic sources indicated that G7 leaders agreed to increase pressure on Russia, particularly through sanctions targeting oil and gas. 3. Market sources reported that the European Parliament voted to pass legislation to eliminate many EU import tariffs on US goods; this is a key part of the US-EU trade agreement to be reached in July 2025. 4. Maersk announced adjustments to the Peak Season Surcharge (PSS) for its Far East to Northern Europe and Mediterranean routes. Rates for the Northern Europe and Mediterranean routes: Far East (excluding South Korea) to Northern Europe and the Mediterranean: US$750 for all 20-foot containers; US$1500 for all 40-foot and 45-foot containers. 5. US President Trump stated on the 16th that the US and Iran have successfully signed a memorandum of understanding online, and the US-Iran agreement negotiations have now entered the second phase, "which should be easier than the first phase." He also stated that the US will not invest any funds in Iran. 6. UBS Global Wealth Management has postponed its expectations for the timing of Federal Reserve rate cuts to March and June 2027, and no longer expects any rate cuts this year. The institution stated that this move reflects its assessment that this weeks meeting will release hawkish signals. UBS now expects the Fed to cut rates by 25 basis points in March and June next year, respectively, compared to its previous forecast of 25 basis point cuts in December 2026 and March 2027. 7. According to the Guangzhou Futures Exchange: During the Dragon Boat Festival holiday in 2026, the daily price limits and margin requirements for all futures contracts on the exchange will remain unchanged. All member units are requested to strengthen risk warnings to clients, enhance market risk prevention, and ensure the smooth operation of the market. 8. According to sources, Qatar plans to rapidly increase liquefied natural gas (LNG) production after the Strait of Hormuz reopens, aiming to restore most of its export capacity within two months. 9. The World Gold Council (WGC) said on Tuesday that 45% of the central banks surveyed expect to increase their gold holdings in the next 12 months, a 2 percentage point increase from a year ago. The WGCs global central bank director stated that central banks remain enthusiastic about gold, and the recent drop in gold prices has not changed their minds. 10. According to SMM, a large recycled lead smelter in East China experienced a sudden power outage yesterday, causing a complete shutdown of its production lines. The company estimates that the shutdown will last until the end of this month, with preliminary estimates indicating a reduction of approximately 6,000 tons in recycled lead output this month. 11. The Reserve Bank of Australia kept interest rates unchanged at 4.35%, in line with market expectations, after raising rates for the third consecutive meeting. 12. The China Iron and Steel Associations Circulation Branch, together with over 40 provincial and municipal steel circulation industry associations nationwide, issued the "Initiative on Anti-Involution Action in the Steel Circulation Industry," publicly advocating against practices such as dumping below cost and malicious order-grabbing, and proposing to regulate the order of steel exports to avoid trade friction caused by blind order-grabbing overseas. 13. According to Mysteel, on June 16th, the freight rate for Baltic Sea Brazilian/West African Channel vessels to China accelerated its decline, falling by US$1.9/wet ton to US$32.609/wet ton. Furthermore, according to feedback from bauxite market participants, some shipowners quoted prices as low as US$31/wet ton today, returning to the freight rate levels of mid-April.
