Real-time News

Citigroup upgraded AMD (AMD.O) from Neutral to Buy and raised its price target from $460 to $575.

On June 12, Hang Seng Indexes Company Limited announced that, in order to optimize the management of the Hang Seng Hong Kong Stock Exchange Shanghai-Shenzhen-Hong Kong Stock Connect China Enterprises Index, the general quarterly adjustment schedule will be changed from the first Friday of the adjustment month (March, June, September, and December) to after the market closes on the second Friday. This update will be implemented in the index review ending June 30, 2026. Therefore, the quarterly adjustment for September 2026 will take effect on Monday, September 14, 2026.

Google: We are still advocating for federal legislation to make cybercrime protections permanent.

Google: We will continue to work with AT&T, T-Mobile, and Verizon to intercept fraudulent text messages before they reach users.

Google: Filed a lawsuit to dismantle the AI-driven cybercrime infrastructure and is coordinating with the FBI, which will take enforcement action.

June 12th - In May, the total amount of cross-border RMB settlement under current account items was RMB 1.67 trillion, of which goods trade, services trade and other current account items were RMB 1.28 trillion and RMB 0.39 trillion respectively; the total amount of cross-border RMB settlement for direct investment was RMB 0.58 trillion, of which outward direct investment and foreign direct investment were RMB 0.22 trillion and RMB 0.36 trillion respectively.

June 12th - Preliminary statistics show that the total social financing scale for the first five months of 2026 reached 17.48 trillion yuan, 1.16 trillion yuan less than the same period last year. Specifically, RMB loans to the real economy increased by 9 trillion yuan, 1.38 trillion yuan less than the same period last year; foreign currency loans to the real economy increased by 115.3 billion yuan (equivalent to RMB), 211.6 billion yuan more than the same period last year; entrusted loans decreased by 103.1 billion yuan, 91.8 billion yuan more than the same period last year; trust loans increased by 5.7 billion yuan, 57 billion yuan less than the same period last year; undiscounted bank acceptance bills decreased by 17.2 billion yuan, 151.4 billion yuan more than the same period last year; net financing of corporate bonds reached 1.67 trillion yuan, 757.7 billion yuan more than the same period last year; net financing of government bonds reached 5.67 trillion yuan, 634 billion yuan less than the same period last year; and domestic equity financing of non-financial enterprises reached 230.5 billion yuan, 79.9 billion yuan more than the same period last year.

June 12th - Preliminary statistics show that as of the end of May 2026, the outstanding amount of total social financing was 458.81 trillion yuan, a year-on-year increase of 7.7%. Specifically, outstanding RMB loans to the real economy totaled 277.4 trillion yuan, a year-on-year increase of 5.5%; outstanding foreign currency loans to the real economy (converted to RMB) totaled 1.14 trillion yuan, a year-on-year decrease of 4.3%; outstanding entrusted loans totaled 11.22 trillion yuan, unchanged year-on-year; outstanding trust loans totaled 4.67 trillion yuan, a year-on-year increase of 7.1%; outstanding undiscounted bank acceptance bills totaled 2.13 trillion yuan, a year-on-year decrease of 6.2%; outstanding corporate bonds totaled 35.69 trillion yuan, a year-on-year increase of 8.4%; outstanding government bonds totaled 100.6 trillion yuan, a year-on-year increase of 15.1%; and outstanding domestic shares of non-financial enterprises totaled 12.43 trillion yuan, a year-on-year increase of 4.7%.

The German central bank projects GDP growth of 0.5% this year and 0.8% in 2027.

The German central bank projects Germany's inflation rate to be 2.9% this year and 2.7% in 2027.

The German central bank stated that fiscal spending will more or less offset the impact of the Middle East wars.

The German central bank stated that expansionary fiscal policy will be the only factor preventing Germany's GDP from declining in the first half of the year.

On June 12th, European Central Bank Governing Council member Mohd Purkinje stated that although Eurozone wages have not yet been affected, the surge in oil prices has begun to impact other goods and services. Purkinje said, "Three and a half months after the outbreak of the Gulf War, it is now clear that regardless of short-term geopolitical developments, the energy shock will persist. Although we have not yet seen a second-round effect through wage transmission, the rise in oil and gas prices has begun to affect the prices of other consumer goods, especially certain services." However, Purkinje did not reveal future policy directions. He stated, "We attach great importance to inflationary pressures and are determined to bring inflation back to our 2% target level in the medium term. In a highly uncertain environment, we will continue to closely monitor changes in various indicators, but we will not commit to following a pre-set path."

June 12 – According to provisional results of a statistical survey released today (June 12) by the Hong Kong Census and Statistics Department, the overall industrial production index for the manufacturing sector, following a year-on-year increase of 5.8% in the fourth quarter of 2025, is projected to rise by 3.1% in the first quarter of 2026 compared to the same quarter last year. Correspondingly, the producer price index, following a year-on-year increase of 9.5% in the fourth quarter of 2025, is projected to rise by 17.7% in the first quarter of 2026 compared to the same quarter last year.