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On June 12th, according to Qichacha APP, Wuhan Vector Engine Technology Co., Ltd. was recently established with a registered capital of 10 million yuan. Its business scope includes: engineering and technological research and experimental development; agricultural scientific research and experimental development; medical research and experimental development, etc. Qichacha's equity penetration analysis shows that the company is indirectly wholly owned by Douyin Co., Ltd.

Traders have reduced their bets on a European Central Bank rate hike, which is now expected to be 35 basis points by the end of the year.

June 12th - To support the "Clean Up the Internet: Rectifying the Chaos in AI Applications" campaign, further regulate AI services and applications, promote the healthy and orderly development of the industry, and effectively protect citizens' legitimate rights and interests, the Cyberspace Administration of China's Reporting Center will launch a "Special Reporting Zone for Chaos in AI Applications" starting in June 2026, specifically to accept public reports. The scope of accepted reports mainly includes 14 categories of issues, such as inadequate implementation of labeling for generated and synthesized content, and the creation and dissemination of false, inaccurate, violent, and vulgar information.

June 12th - The 2026 USA FIFA World Cup officially kicked off on June 11th local time. During the opening ceremony, two adorably ugly Labubu dolls, one brown and one blue, appeared on stage. Their unique and cute appearance became a delightful surprise for the event. It is reported that the World Cup co-branded "Labubu" dolls, priced at 599 yuan, have already sold tens of thousands of units, quickly selling out after being available for purchase during the live stream.

June 12 – The 12th China-Latin America and Caribbean Infrastructure Cooperation Forum, hosted by the Ministry of Commerce of China and organized by the China International Contractors Association and the Macao Investment Promotion Institute, was successfully held in Macao from June 10 to 12. Li Chenggang stated that, guided by the five major projects announced by President Xi Jinping at the opening ceremony of the Fourth Ministerial Meeting of the China-CELAC Forum, China is focusing on green and low-carbon transformation and digital technology innovation, continuously promoting the upgrading of China-Latin America trade and investment cooperation. China will deepen strategic alignment and people-to-people cooperation with Latin American countries, firmly uphold the multilateral trading system, create an inclusive and open development environment, promote the digitalization, greening, and intelligentization of infrastructure cooperation, continuously enhance the sustainability of China-Latin America infrastructure cooperation, and ensure that the fruits of cooperation better benefit the people of China and Latin America.

June 12th - The UK's GDP fell 0.1% month-on-month in April, impacted by the economic downturn caused by the war with Iran. Data released by the Office for National Statistics on Friday was in line with economists' expectations of a decline. The weak April performance was partly due to the fading of factors that drove exceptionally strong growth in March, when consumers stockpiled petrol and manufacturers moved up production in anticipation of higher energy prices from the Iran war. Looking at the less volatile three-month rolling data, the UK economy grew 0.7% in the three months to April compared to the previous three months, in line with analysts' expectations. Since the outbreak of the Middle East conflict in late February, damage to energy infrastructure and the blockade of the Strait of Hormuz have driven oil prices sharply higher. The weak April performance is another blow to Prime Minister Starmer, who is facing a leadership challenge if Andy Burnham wins next week's Mekfield by-election.

June 12 - According to the latest statistics released by the General Administration of Customs, exports of artificial intelligence-related products, represented by industrial robots, have grown rapidly this year. In the first five months, my country's total imports and exports of artificial intelligence-related products, such as electronic components, computer parts, and optical fibers and cables, reached 4.12 trillion yuan, a year-on-year increase of 52.4%.

The UK's seasonally adjusted trade balance with the EU in April was -£12.998 billion, compared with -£12.023 billion in the previous month.

The UK's seasonally adjusted trade balance for April was -£8.435 billion, compared to a forecast of -£5.744 billion and a previous reading of -£9.658 billion.

The UK's GDP grew 0.7% month-on-month in the three months of April, the largest increase since May 2024.

The UK's seasonally adjusted non-EU trade balance for April was -£13.048 billion, revised from -£15.195 billion in the previous month.

Germany's final May CPI annual rate was 2.6%, in line with expectations and down from 2.60% previously.

Germany's final harmonized CPI annual rate for May was 2.7%, in line with expectations and down from 2.70% previously.

Germany's final harmonized CPI monthly rate for May was -0.1%, in line with expectations and down from -0.10% previously.

UK construction output fell 1% year-on-year in April, compared with a forecast of -1.7% and a previous reading of -0.30%.

UK construction output rose 0.1% month-on-month in April, compared with an expected decline of 0.4% and a previous reading of 1.50%.

June 12th - According to media reports, sources familiar with the matter revealed that global banks are restricting leveraged bets by hedge funds on top Asian chipmakers, including SK Hynix and Samsung Electronics, following concerns about a potential pullback after the company's sharp rise this year. Sources indicated that brokers including Citigroup, JPMorgan Chase, and Goldman Sachs have increased the financing costs for hedge funds betting on SK Hynix and Samsung Electronics shares via swaps. Banks are tightening the size of new trades and the companies to which they offer them; some banks are even rejecting new swap requests from clients or assessing them on a case-by-case basis. Similar measures have been taken regarding TSMC.

Czech central bank governor Micher: There are stronger reasons to raise interest rates in June to curb inflationary pressures.