Real-time News

On June 5th, it was reported that Toyota has halted the development of the Lexus LF-ZC all-electric sedan. Originally planned for production at Toyota's Tahara plant in Japan by the end of 2026, the LF-ZC was postponed to mid-2027, and now it has been suspended. A Toyota China representative responded, "The suspension of this model's development is mainly due to changes in market demand. This is part of the company's overall vehicle development project adjustments, but it does not mean the company has abandoned BEVs (battery electric vehicles)." Industry insiders believe this adjustment stems from changes in electric vehicle policies in the US and Europe. For example, the US has eliminated the $7,500 federal tax credit for new electric vehicles; the EU has withdrawn its policy of banning the sale of internal combustion engine vehicles by 2035 in principle. Another factor is increased market competition, especially given the clear advantage Chinese brands have over Japanese automakers in the new energy vehicle sector.

June 5th - The Huawei Cloud INSPIRE Innovator Conference opened at the Shanghai West Bund International Convention and Exhibition Center. At this new product launch event, Huawei Cloud officially proposed the new paradigm of Agentic Infra and released a series of new Agentic AI products, including the Agentic Infra integrated intelligent infrastructure, a new generation model training and promotion platform, and an enterprise-level intelligent agent platform.

June 5th, Futures News: Economies.com analysts' latest view: In recent intraday trading, spot gold prices failed to break through the key resistance level of $4,500 and subsequently declined. This pullback was also suppressed by the 50-day EMA, forming strong technical resistance and blocking recent attempts to rebound. Furthermore, the Relative Strength Index (RSI) began to show bearish divergence after entering overbought territory, further increasing downward pressure. These negative signals have amplified the market's selling momentum, making the short-term outlook remain cautious.

June 5th, Futures News: Economies.com analysts' latest view: WTI crude oil futures prices rose slightly in recent intraday trading, having previously found support near the EMA50. The recent pullback has helped establish higher lows, laying a more solid foundation for the continuation of the subsequent rebound trend. Technical indicators also show signs of improving momentum, with the RSI forming a bullish divergence after hitting oversold levels. These positive signals increase the likelihood of further upward movement, especially if oil prices can continue to hold the current support level.

June 5th Futures News: Economies.com analysts' latest view: Brent crude oil futures rose in recent intraday trading, having found support near the 50-day EMA, providing a solid foundation and fueling new bullish momentum. Technical indicators have also improved, particularly the Relative Strength Index (RSI), which has formed a bullish divergence after being deeply oversold. This change supports positive signals and further strengthens the short-term upward bias.

Japan's leading indicator for April was 115.9, below the expected 114.5 and the previous reading of 114.

Japan's April coincident economic indicator preliminary reading was 117.9, below the expected 117.4 and the previous reading of 116.4.

Japan's coincident economic indicators rose 1.1% month-on-month in April, up from 0.2% in the previous month.

Japan's leading economic indicators rose 0.5% month-on-month in April, up from 0.8% in the previous month.

As of June 5, the Reserve Bank of India's reverse repo rate was 3.35%, unchanged from the previous rate.

Nvidia (NVDA.O) CEO Jensen Huang: I have some surprises.

Nvidia (NVDA.O) CEO Jensen Huang: All three memory manufacturers have been qualified to supply HBM4.

Nvidia (NVDA.O) CEO Jensen Huang: Robotics will become the next important industry in South Korea.

Nvidia (NVDA.O) CEO Jensen Huang: Robotics technology can be applied to South Korean industry.

Nvidia (NVDA.O) CEO Jensen Huang: Chip manufacturing will become more automated.

Reserve Bank of India Governor: Indian crude oil prices have averaged $110 per barrel over the past two months.

Futures News, June 5th: Since May, silver prices have risen and then fallen, with the price trending downwards within a narrow range. As of June 4th, the domestic spot price of #1 silver was 17,711 yuan/kg, a cumulative decrease of 4.41% compared to the beginning of May. In early May, the US and Iran signaled a willingness to negotiate, coupled with Peru's energy emergency decree, which raised concerns about mine output, causing silver prices to fluctuate upwards. However, with major consumer India raising import tariffs on silver, the resignation of dovish Fed member Milan, and the stalemate between the US and Iran on key issues, the market traded on interest rate hike expectations, putting downward pressure on silver. Looking ahead, the macroeconomic logic remains focused on the Fed's interest rate decision and the US-Iran negotiations. Domestic inventory levels are currently high, and slightly weak consumption has failed to provide fundamental support. In the short term, attention will be focused on the US May non-farm payroll report and CPI data. It is expected that silver prices will lack a clear direction in the short term.

June 5th - Thailand's inflation unexpectedly slowed in May, remaining within the central bank's target range, reducing pressure to implement interest rate interventions. Data released by the Commerce Ministry on Friday showed that the Consumer Price Index (CPI) rose 2.79% year-on-year in May, a slowdown from 2.89% in April. The Bank of Thailand has consistently viewed price increases as temporary and has indicated its willingness to ignore any short-term inflation spikes, stating that tightening monetary policy has had little effect on addressing supply-driven shocks. Governor Vitai Ratanakorn stated this week that the current policy rate "remains appropriate for now." The Commerce Ministry expects the inflation rate to reach 3% in June and remain above 3% in the second half of the year.

June 5th - At today's Tencent Cloud AI Industry Application Conference, Gao Hang, General Manager of Tencent Cloud and head of TokenHub, revealed that Tencent Cloud's large-scale model service platform TokenHub has maintained a doubling growth rate every month for the past three months since its launch, and the daily token consumption has now exceeded 5 trillion.