Real-time News

Iranian Foreign Ministry: Iranian Foreign Minister Araqchi held telephone conversations with the Saudi and Turkish foreign ministers regarding the situation following the US attacks.

The Hang Seng Tech Index fell more than 2% during the session.

Japan Meteorological Agency: There is a 100% chance that El Niño will continue into autumn.

Japan Meteorological Agency: The El Niño phenomenon appears to have begun since the spring of 2026.

Kazakhstan's Energy Minister: Maintenance of the Kashagan oil field in Kazakhstan will last 35-40 days in 2027.

Indonesian Finance Minister: The impact of rising fuel prices on inflation should be limited.

The Russian Ministry of Defense stated that it shot down 326 Ukrainian drones last night.

Global Chip LOF: Trading will be suspended from the opening of the market on the afternoon of June 10, 2026 until the close of the market on the same day. During the suspension period, redemption services for this fund will continue as usual.

On June 10th, the wheat market saw relatively stable prices, with some companies raising their purchase prices. With a large influx of new wheat onto the market, supply continues to increase, narrowing the price gap between new and old wheat. Flour processing companies in producing areas are purchasing new and old wheat at the same price. However, end-user demand remains weak, and flour mills are operating at low rates, primarily purchasing to replenish their inventories for immediate needs. On the policy front, grain depots are gradually resuming purchases, and prices, after falling, have stabilized and rebounded slightly. Increased reserve purchases have effectively alleviated downward price pressure from the concentrated arrival of new wheat. In the short term, new wheat prices remain stable due to the support of reserve purchases, but lack upward momentum in the near term.

A Reuters poll predicts the Bank of Japan will raise interest rates to 1.25% in the fourth quarter (consistent with the results of the May poll).

A Reuters poll shows that 94% of economists expect the Bank of Japan to raise its key interest rate to 1.00% in June (up from 65% in May).

A Reuters poll predicts the Bank of Japan will raise interest rates to 1.50% in the second quarter of 2027 (the May poll predicted the third quarter of 2027).

Japan's Topix index fell by more than 1%.

Futures News, June 10th - Data released by the Petroleum Institute of Japan (PAJ) on Wednesday showed that for the week ending June 6th, Japan's commercial crude oil inventories were 9,536,700 kiloliters, a decrease of 480,004 kiloliters from the previous week's 10,016,700 kiloliters. Refinery operational capacity (BPSD) utilization was 80.20%, compared to 79.10% the previous week. Refinery design capacity (BPCD) utilization was 65.90%, compared to 63.10% the previous week. Due to changes in Japan's petroleum product supply structure, the PAJ has suspended the release of weekly inventory details for gasoline, jet fuel, kerosene, and diesel.

HSBC: Lowered its target price for Li Auto (LI.O) from $17.20 to $15.60.

On June 10, the State Taxation Administration released relevant information showing that tax authorities have continuously strengthened publicity, guidance, and policy support for residents' overseas income, resulting in a significant increase in taxpayers' compliance with regulations. From January to May, approximately 13 billion yuan in back taxes were collected.

The bid-to-cover ratio for Japan's 30-year government bond auction was 2.94, down from 3.49 the previous time, marking the lowest level since June 2025.

June 10th - The user limit for the WeChat HarmonyOS beta test has been increased. Zhang Jun, Tencent's Public Relations Director, stated, "Previously, we had already reached the limit for testing single software on the HarmonyOS App Store. This prevented many users from directly providing feedback and suggestions. We relayed this request to our colleagues at Huawei, and recently the user limit has finally been increased. Thank you to our friends at the HarmonyOS App Store. We welcome more users to join the testing."

On June 10th, the Ministry of Natural Resources, together with the Ministry of Public Security, the State Taxation Administration, the State Administration for Market Regulation, and the State Financial Supervision and Administration Bureau, jointly issued a "Notice on Ensuring Efficient Processing of Enterprise Real Estate Purchase and Transfer Registration." The notice focuses on the entire process of enterprise real estate purchase and transfer registration, deepening the "transfer with collateral" reform and reducing the cost of "bridging" funds for enterprises. The notice points out that various models should be flexibly adopted according to local conditions, achieving seamless connection between new loans and loan repayments by merging transfer registration and mortgage registration. It promotes "transfer with collateral" between banking financial institutions. It encourages local governments to introduce pre-registration to prevent the risk of outstanding mortgages, protect the legitimate rights and interests of both the buyer and seller, as well as the new and old banks, and safeguard financial security.