Real-time News

The yield on Japan's 20-year government bonds rose 1 basis point to 3.510%.

Sources familiar with the matter revealed that SpaceX plans to use the proceeds from its IPO to expand its artificial intelligence computing and satellite network.

Futures News, June 3rd: Crude oil prices continued to rise, while changes in the Middle East situation led to a wait-and-see attitude among fuel oil market participants. Refineries increased production to support prices, and downstream buyers made moderate purchases but remained cautious in their operations. It is expected that fuel oil trading will be mostly stable with slight increases today.

Tensions between the US and Iran have escalated again, causing crude oil prices to continue rising. A chart provides a quick overview of the pre-market crude oil prices converted between domestic and international markets.

Spot gold and silver prices rebounded slightly after a pullback. A chart provides a quick overview of the pre-market prices of gold and silver, converted between domestic and international markets.

The yield on Japan's 5-year government bond rose 3.0 basis points to 1.885%.

Japan's Ministry of Finance: A regular meeting of primary dealers of Japanese government bonds will be held on June 26, and a meeting of investors of Japanese government bonds will be held on June 29.

As of 8:30 AM Beijing time, spot platinum was down 0.09% and spot palladium was down 0.12%.

Japan's final services PMI for May was 50, unchanged from the previous reading.

Japan's final composite PMI for May was 51.1, unchanged from the previous month.

Futures News, June 3rd: Crude oil prices rose, providing strong cost support. With many PX plants still undergoing maintenance, the long-term supply and demand outlook is positive, and the PX market is expected to rise today.

On June 3, the Japanese cabinet approved a supplementary budget to fund measures to mitigate the impact of inflation triggered by the turmoil in the Middle East on households; this move has once again brought the country's fiscal policy into focus for bond investors. The cabinet approved a 3.1 trillion yen (approximately US$19.4 billion) economic stimulus package, including a newly established 2.5 trillion yen reserve fund to subsidize rising commodity prices. While the government has not yet specified the fund's exact purpose, it is expected to initially be used to control gasoline prices. The cabinet also approved a scheme to finance this package, involving new debt financing. The scheme indicates that despite the need for additional borrowing, the government is expected to maintain the total amount of bond issuance on a calendar year basis, as some debt approved under the previous fiscal year's budget will be cancelled.

Futures News, June 3rd - According to foreign media reports, the Malaysian Derivatives Exchange (BMD) crude palm oil futures market is likely to open higher on Wednesday morning, mainly due to the strength of international crude oil futures. Recently, the price advantage of palm oil compared to other vegetable oils has narrowed, and weak Malaysian palm oil exports have also been unfavorable to the market. Data released by shipping surveyor ITS on Monday showed that Malaysian palm oil exports from May 1st to 31st, 2026, totaled 1.28 million tons, a decrease of 8.8% compared to April. Starting this Monday (June 1st), Indonesia has begun a transition period for key commodities such as palm oil, coal, and ferroalloys, with exports gradually being handled by the newly established state-owned enterprise, DSI Indonesia. However, since the announcement of this policy, market uncertainty has led to the closure of many fresh fruit bunch collection points, resulting in a collapse in prices at the farmer level.

June 3rd - Recently, several private banks have collectively lowered interest rates on medium- and long-term fixed deposits. Many medium- and long-term fixed deposit products that previously offered interest rates in the "2%" range have now fallen back to the "1%" range, with some banks even discontinuing these products altogether. Experts interviewed analyzed that the advantage of high-interest deposits offered by private banks is gradually fading, and the industry's transformation is accelerating. Affected by interest rate changes, the logic of residents' savings allocation has clearly shifted, and private banks urgently need to break free from the predicament of homogenization and seek long-term development through differentiated approaches.

Japanese Finance Minister Satsuki Katayama: I agree with the views of the Bank of Japan Governor on several issues.

Artificial Intelligence: 1. Microsoft launches AI software that can act as an administrative assistant. 2. Nvidia collaborates with Microsoft to develop a unified technology stack for agent-based AI. 3. The EU's AI data center plan is hampered by delays and funding issues. 4. Tencent Cloud: Reduces the price of its DeepSeek-V4 series models by up to 97.5%. 5. Anthropic is providing access to Mythos to an additional 150 institutions worldwide. 6. OpenAI plans to launch AI tools for the financial and legal sectors to compete with Anthropic. 7. Trump signs an executive order on AI, requiring AI companies to submit large-scale models to the government for review before releasing them. Integrated Circuits (Chips): 1. Arm CEO: The $15 billion sales target for its own chips may be achieved ahead of schedule. 2. SK Hynix plans to double its wafer capacity within five years. 3. Nvidia announces full-scale production of NVIDIA Spectrum-X Ethernet silicon photonics technology. 4. Microsoft launches a new quantum chip, aiming to build a practical quantum computer by 2029. Other: 1. SoftBank plans to invest $300 million in robotics startup Agile Robots. 2. IBM plans to invest over $10 billion in quantum computing over the next five years. 3. SpaceX seeks to reduce its IPO underwriting fee to 0.75%. 4. Jensen Huang stated that Marvell Technology will become the next trillion-dollar company. 5. my country achieves a major breakthrough in optical communication technology; the world's first three-band ultra-low-loss multi-core optical cable line is officially opened. 6. Tencent Cloud: Reduces the price of its DeepSeek-V4 series models by up to 97.5%.

According to Iranian media reports, the Iranian Revolutionary Guard launched missiles at a “US-affiliated vessel named PANAYA” in response to the US attack on an Iranian oil tanker near the Strait of Hormuz.

1. Russian Ministry of Defense: High-precision long-range weapons were used to strike Ukrainian defense industrial facilities. 2. Ukrainian Air Force spokesperson: Russia launched eight Zircon hypersonic missiles in a nighttime attack on Ukraine, possibly the largest number launched during the Russia-Ukraine conflict. 3. Zelenskyy stated that the Russian attack has resulted in 22 deaths and 130 injuries in Ukraine. 4. Kyiv official: The death toll from hostile attacks in Kyiv has risen to 79. 5. Ukrainian President Zelenskyy: The delivery of anti-missile weapons cannot keep pace with the Russian missile attacks. 6. Hungarian Prime Minister: An agreement with Ukraine is expected this week, thus initiating the EU accession negotiation process. 7. According to Politico: Ukraine and Moldova are expected to begin formal EU membership negotiations in June.

Iranian media reported that the Iranian Revolutionary Guard claimed it had used missiles and drones to attack the headquarters of the U.S. Fifth Fleet.