GoldenOctober2024

Jin10 reported on May 30 that a shooting incident occurred in Suphan Buri Province, Thailand, where a man armed with a gun caused 3 deaths and 1 injury.

Bank of England committee member Taylor downplayed inflation and growth data, calling for interest rate cuts to alleviate economic pressure. He pointed out that the surge in inflation is due to short-term factors and expressed concerns about the impact of the Trump trade war on the economy. Taylor supports a more accommodative monetary policy, believing that the global situation increases downside risks and that Trump's tariff policy will weigh on economic growth.

UBS Global Wealth Management predicts that global AI spending will continue to rise, reaching $360 billion by 2025 and increasing to $480 billion by 2026. Strong performance in cloud business has narrowed the gap between AI spending and commercialization, and the increasing adoption of AI across industries and enterprises supports this trend. UBS recommends balancing exposure between semiconductor and software stocks to hedge against market Fluctuation.

Jin10 data reported on May 30, the Wind convertible bond equal-weight index fell by 0.41%, closing at 204.01 points. Among them, Zhongqi Convertible Bond, Limin Convertible Bond, Jingzhuang Convertible Bond, Xiaoming Convertible Bond, and Hangyang Convertible Bond had the largest gains, rising by 8.24%, 6.49%, 4.82%, 3.52%, and 3.30%, respectively. Zhengyu Convertible Bond, Yanggu Convertible Bond, Fuxin Convertible Bond, Henghui Convertible Bond, and Jingda Convertible Bond had the largest declines, falling by 5.35%, 5.33%, 4.69%, 4.51%, and 4.34%, respectively.

On May 30, Jin10 reported that recently, the IP "Labubu" under Pop Mart has risen from a niche designer toy to an international trend icon. The newly launched Labubu series often sells out in "minutes" in places like the United States and the United Kingdom. Due to the explosive demand, there was even a "brawl" incident at the Westfield Stratford shopping center in London. Due to rising safety risks, Pop Mart has announced the suspension of Labubu sales in the UK and plans to delist the product from UK stores before June.

The Federal Reserve's Daly stated that the Federal Reserve may cut interest rates twice this year, but for now, it should keep interest rates stable to achieve the inflation target. Uncertainty in trade policy causes concerns for businesses and the Federal Reserve, but the situation may become clearer over time.

Costco (COST.O) CEO Vachris stated that the company is reducing the impact of tariffs through measures such as advance purchasing and shifting the sourcing locations of its private label products. These initiatives have dropped costs and avoided price rises for consumers. While the company is following the prices of key products, it has also pre-purchased summer goods, allowing it to maintain stable prices or see slight rises.

Jin10 reported on May 30 that Mark Spindel, Chief Investment Officer of Potomac River Capital Llc, commented on the temporary restoration of Trump's tariffs: I believe the market will continue to be trapped by the pinball machine of court rulings, executive orders, and judicial reviews. This happens when the U.S. government does not follow a more complicated legislative process in policy-making. The result of using executive orders is that you are subject to the courts, which adjudicate, restrict, or recognize these executive orders. The market is caught in the midst of all this, resulting in chaos and uncertainty.

Jin10 Data reported on May 30 that 50 PARK INVESTMENT CEO Adam Sarhan commented on Trump's temporary tariff reinstatement: although this news is now making headlines, it's even a secondary issue. Investors are looking ahead. Given that Trump has already lifted most tariffs, these court rulings can only be viewed as news. Trump may have been prepared to appeal before the rulings were issued. In my view, as long as the market doesn’t collapse due to the news, the rulings are just a secondary byproduct.

On May 30, local time, on May 29, the Federal District Court for the District of Columbia in Washington, the capital of the United States, continued the previous ruling of the U.S. Court of International Trade to block the Trump administration's tariff policy and ruled to suspend the implementation of its tariff order for 14 days. It is reported that the lawsuit was filed by two toy companies, and the "preliminary injunction" issued by the court currently applies only to these two companies. According to the Associated Press, the Trump administration is currently facing at least seven lawsuits related to tariff policy.

The Iranian Foreign Minister stated that it is uncertain whether an agreement can be reached with the United States, emphasizing the need for a comprehensive end to sanctions and the preservation of nuclear rights. He pointed out that the negotiation table is more important than the media. The U.S. President, on the other hand, claimed that the two countries are close to reaching an agreement, but the situation could change at any time, stressing that an agreement may be reached in the coming weeks.

Jin10 Data May 30 - Portuguese President De Sousa appointed the leader of the Democratic Alliance, Montenegro, as the new Prime Minister on May 29 local time. According to a statement from the Portuguese presidency, De Sousa stated after meeting with the leaders of the Democratic Alliance, the Socialist Party, and the "Enough" Party that based on the results of the parliamentary elections, listening to the opinions of various parties in parliament, and following constitutional procedures, Montenegro was appointed as the Prime Minister of Portugal's 25th government, ensuring the new government has parliamentary support. The formal appointment and inauguration ceremony will take place after the final results of the parliamentary elections are announced and the new parliament convenes.

On May 30, according to Israel's Channel 12 tonight, the new hostage and ceasefire framework terms proposed by U.S. Special Envoy for the Middle East Witkov could pave the way for a breakthrough agreement between Hamas and Israel. According to reports, the outline includes a clause that if negotiations for a permanent ceasefire are not completed within the 60-day temporary truce period, the ceasefire can be extended as long as the parties agree on conditions and duration. The proposal also states that if an agreement is reached, the remaining hostages – both living and dead – will be released.

Jin10 data reported on May 30, as of the market close on that day, the price of light crude oil futures for July delivery on the New York Mercantile Exchange fell by 90 cents, ending at $60.94 per barrel, with a decrease of 1.46%; the price of Brent crude oil futures for July delivery fell by 75 cents, closing at $64.15 per barrel, with a decrease of 1.16%.

Jin10 data reported on May 30, local time on May 29, the White House stated that US President Trump's cabinet members will collaborate with government efficiency department staff from various federal agencies to advance ongoing work. White House Press Secretary Karine Jean-Pierre stated that cabinet ministers "have been working closely with Musk and will continue to collaborate with government efficiency department employees who have been appointed politically in these agencies." American entrepreneur and head of the government efficiency department Elon Musk said on social media X on the 28th that his term as a "special government employee" has ended.

Jin10 data May 30 news, as of 2:30 PM close, the Shanghai gold market maker contract rose by 0.96%, reported 774 yuan/gram, the Shanghai silver market maker contract rose by 0.28%, reported 8235 yuan/kilogram, SC crude oil market maker contract fell by 1.97%, reported 453 yuan/barrel.

Meta Platforms is working with Anduriel Industries to develop new products for the U.S. military, including an artificial intelligence headset with virtual and augmented reality capabilities. Anduriel said they are working with Meta to design, build and deploy a range of integrated XR products that will improve warfighter perception and intuitive control of autonomous platforms. Anduril's co-founder, Palmer Lecki, is the co-founder of Oculus VR, which was sold to Meta in 2014.

1. The U.S. EIA crude oil inventory decreased by the largest margin since the week of March 21, 2025, for the week ending May 23. 2. The U.S. EIA strategic petroleum reserve inventory is at its highest since the week of October 21, 2022, for the week ending May 23. 3. The U.S. commercial crude oil imports, excluding strategic reserves, are at their highest since the week of March 28, 2025, for the week ending May 23.

Jin10 reported on May 29th that WTI crude oil fell by 2.00% during the day, currently priced at 60.50 USD/barrel; Brent crude oil fell by 1.65%.