Real-time News

Hang Seng Index futures opened 0.71% higher at 23,480 points, a premium of 144 points.

On June 24th, the Chicago Board Options Exchange (CBOE) announced the launch of its new prediction market product suite, "Cboe Predicts," on June 23rd. The initial products are binary option contracts based on the mini S&P 500 index (XSP), coded XSPBW and XSPBX. These are currently available on Interactive Brokers and are expected to launch on Charles Schwab in the coming months. Binary options are either-or derivatives, and previously existed in a significant regulatory gray area in the over-the-counter market.

June 24 (Futures News) - Crude oil prices continued to fall, fuel oil market participants' fear of further declines intensified. Negative news and cost factors prompted downstream traders to replenish their inventories at lower prices to avoid risk, resulting in weak market demand and pressure on refinery shipments. It is expected that the focus of today's negotiations for all products will continue to decline.

As of 8:30 AM Beijing time, spot platinum was down 0.41% and spot palladium was down 0.15%.

June 24th - The UK's climate regulator stated that if the UK is to achieve its net-zero emissions target by mid-century, the government must further reduce electricity costs, including removing the "green tax" from energy bills. The UK Climate Change Commission stated that by 2025, UK greenhouse gas emissions will be 1.8% lower than the previous year, and 50% lower than 1990 levels. However, Commission Chair Nigel Topping stated, "The transition to clean electricity is not proceeding quickly enough, and government support to accelerate the transition to electric vehicles and heat pumps is crucial, not only to achieve our climate goals but also to save money. In the current politically uncertain environment, any move to weaken the existing position could slow these transitions, damaging investment and the long-term stability needed by businesses."

Summary of the Bank of Japan's June policy meeting: A Cabinet Office representative stated that the central bank must assess the impact of reducing its balance sheet on the macroeconomy and take appropriate measures to maintain market stability.

Samsung Electronics rose 4%, and SK Hynix rose 3%.

Summary of the Bank of Japan's June policy meeting: One member stated that the Bank of Japan has absolutely no reason to stop reducing its bond purchases.

Summary of the Bank of Japan's June policy meeting: One member stated that global demand related to artificial intelligence is driving economic activity and price increases to a greater extent than expected.

Summary of the Bank of Japan's June policy meeting: One member stated that inflation expectations have shifted, with negative real interest rates leading to increases in lending, commercial paper issuance, and asset prices.

Summary of the Bank of Japan's June policy meeting: One member said that signs of rising wholesale prices, particularly in terms of distribution costs, are becoming increasingly apparent, which could affect underlying inflation.

Summary of the Bank of Japan's June policy meeting: One member stated that greater attention must be paid to the impact of corporate pricing behavior on overall inflation.

Summary of the Bank of Japan's June policy meeting: One member stated that downside risks to output and employment could disrupt the virtuous cycle between wages and prices, potentially causing Japan to fall back into deflation.

Summary of the Bank of Japan's June policy meeting: One member said concerns about an economic slowdown had eased.

Summary of the Bank of Japan's June policy meeting: The Cabinet Office stated that the Bank of Japan must take responsibility for raising interest rates and take proactive and appropriate action when economic activity becomes excessively volatile.

Summary of the Bank of Japan's June policy meeting: One member said that Japan's neutral interest rate is expected to be around 2%, and the Bank of Japan will have to raise interest rates every few months.

Summary of the Bank of Japan's June policy meeting: One member said that the Bank of Japan must push the policy rate up to near neutral levels as soon as possible to avoid a sharp and drastic rate hike in the future.