Real-time News

June 8th - Xiaomi Group announced at a press conference today that the Xiaomi T series is returning to the domestic market for the first time, with the Xiaomi 17T series becoming the first domestically available product, priced from 3299 yuan.

New alarms are sounding in central Israel, including Tel Aviv, following Iran's ballistic missile launch.

June 8th - The US dollar remained high after hitting a two-month high overnight, influenced by the outbreak of a new round of conflict in the Middle East. Iran and Israel exchanged fire, marking the first direct attacks between the two sides since the US-brokered ceasefire took effect in early April. The clashes occurred as markets awaited US inflation data to be released on Wednesday, which will influence market expectations for the Federal Reserve's June interest rate decision. Deutsche Bank analysts stated in a report that for some time, the case for raising interest rates has appeared significantly stronger than that for cutting rates, and last Friday's stronger-than-expected non-farm payroll report greatly reinforced this.

June 8th - This morning local time, the Israeli military confirmed that it had detected another wave of missiles launched from Iran towards Israel. The Israeli military stated that its defense systems have been activated to intercept the incoming threat.

June 8 - The Philippine Disaster Risk Reduction and Management Agency reported on the 8th that the 7.8-magnitude earthquake that struck the southern Philippines that morning had caused 15 deaths and 134 injuries.

Hyundai Motor Group Executive Chairman: We will increase our investment in Saemangeum.

June 8 - Tehran's Mehrabad Airport announced today (June 8) the suspension of all flights until further notice. Currently, both of Tehran's civilian airports are closed.

Nvidia CEO Jensen Huang: We will collaborate with Hyundai in various mobility sectors.

Hyundai Motor Group Executive Chairman gave a brief introduction to Nvidia CEO Jensen Huang about South Korea's artificial intelligence and robotics projects.

Nvidia CEO Jensen Huang: Nvidia and Hyundai Motor are expanding their collaboration in autonomous vehicles, robotaxis, and autonomous mobility.

June 8th - Japan's Ministry of Finance released its balance of payments statistics on the 8th, showing that Japan's tourism surplus in April was 546.5 billion yen (approximately 160 yen to 1 US dollar), a year-on-year decrease of 25.2%. Data shows that foreign tourists visiting Japan spent 767.2 billion yen in April, a year-on-year decrease of 17.9%. Japanese tourists spent 220.8 billion yen overseas, a year-on-year increase of 8.2%. Data previously released by the Japan National Tourism Organization showed that the number of foreign tourists visiting Japan in April decreased by 5.5% year-on-year. In addition to a significant drop in the number of tourists from mainland China, there was also a noticeable decrease in tourists from Europe and the Middle East. Analysts believe that the protracted conflict in the Middle East has led to the cancellation of some international flights, affecting travel to Japan by tourists from Europe and the Middle East. Furthermore, rising oil prices have pushed up aviation fuel costs, and several airlines have raised fuel surcharges, which may further suppress demand for long-haul international travel, putting pressure on Japan's tourism industry.

Japanese Finance Minister Satsuki Katayama: Long-term interest rates are affected by a variety of factors, and the government is seeking appropriate debt management.

On June 8th, Macquarie Group's Head of Economics, David Doyle, stated that following Friday's strong non-farm payroll report, the bank maintained its baseline forecast for the Federal Reserve's interest rate path. He said, "As we have been emphasizing for some time, we believe the Fed's next move will be a rate hike, with a baseline timeframe of the first quarter of 2027." The risk to this forecast has shifted to the possibility of an earlier rate hike, with the market now pricing in a rate hike in the fourth quarter of 2026. In the coming weeks, the Fed's rhetoric is likely to continue shifting from favoring rate cuts to favoring rate hikes.

Germany's manufacturing orders, adjusted for working days, rose 1.6% year-on-year in April, compared with 6.30% in the previous month.

Germany's seasonally adjusted manufacturing orders fell 3.8% month-on-month in April, compared with an expected decline of 2% and a previous reading of 5.00%.

June 8th - Allianz Chief Economist El-Erian stated that OPEC+ has increased its production by 188,000 barrels per day, but analysts believe the vast majority of this is "paper production," as the increased oil is unlikely to actually enter the market due to the ongoing disruptions in the Strait of Hormuz. In fact, oil prices rose 5% this morning. Despite Trump's statements that a peace agreement is imminent and that Israel must align with US directives, traders are reacting to the escalating military tensions between Iran and Israel, as well as Israel's expanding attacks on Lebanon.