hot news

• Running into the market, iShares Anshuo MSCI China ETF single-day capital inflow hit a record high

Investors poured nearly $270 million into the iShares MSCI China ETF (MCHI) on Tuesday, the biggest one-day inflow since the fund was founded in 2011. The MSCI China index tracked by the ETF has gained nearly 7 percent this week.

• IMF chief economist says U.S. at risk of unanchored inflation expectations

Gopinath, chief economist at the IMF, said that according to current forecasts, U.S. inflation may be higher than the Fed’s target for a long time, and there is a risk that inflation expectations will be de-anchored. Getting inflation back to the Fed’s target level without causing turmoil will be a challenge. The risk is that interest rates could rise sharply. And the analysis of “Inflation is a Monetary Phenomenon, Hyperinflation is a Fiscal Phenomenon” by the vip of knowledge and knowledge: the current market places too much responsibility on the Federal Reserve, and the Ministry of Finance has the inescapable responsibility; excessively high interest rates will also increase the burden of fiscal interest.

• US Treasury Secretary Yellen: The US government is actively considering resetting tariffs on China, but this is not a panacea to ease inflation

According to foreign media reports, U.S. Treasury Secretary Janet Yellen said Wednesday that the Biden administration is actively considering “resetting” tariffs on Chinese imports, but warned that cutting tariffs is not a “magic bullet” for easing high inflation. More information on the tariff plans will be released in the coming weeks, adding that the changes are “under active consideration”.

• U.S. Treasury Secretary: “actively” negotiating with European countries for Russian oil to enter the market at a “low price”

Yellen said the United States intends to keep Russian oil flowing into the international market, but needs to limit Russia’s oil earnings. On the same day, Yellen said at a Senate Finance Committee hearing that it is “almost impossible” that the United States will not be affected by oil market prices, and the United States hopes to let Russian oil flow into the global market to curb the rise in global oil prices.

• OPEC’s intensive statement: most members’ oil production has reached the limit, and oil prices are far from peaking

The UAE’s energy minister believes that the recovery in Chinese demand will bring more oil consumption and that OPEC+ alone cannot guarantee sufficient supply.

• Zelensky: Negotiating with UN on food transport plan

Ukrainian President Volodymyr Zelensky said on the 8th that Ukraine is discussing with the United Nations a plan for the passage of food from the Black Sea. Zelensky said that the passage of grain by sea needs to be assisted by the fleet of Western countries trusted by Ukraine. On the same day, Ukrainian Foreign Minister Kuleba also said that the Black Sea grain transportation route should be patrolled by ships from countries that Ukraine trusts. He also said that Ukraine needs more weapons to maintain the security of Black Sea ports in order to unblock the ports and solve the food export crisis.

• European Parliament backs ban on sales of new petrol vehicles from 2035

The European Parliament voted on Wednesday (June 8) to support a bill to ban the sale of new internal combustion engine vehicles from 2035. While the proposal still needs to be discussed and approved by the European Council before it becomes law, the parliamentary vote is seen as the most critical step in the process. If the bill is fully approved, it will speed up electrification in Europe.

• U.S. natural gas futures tumbled 9% after a small explosion at the Freeport LNG terminal in Texas

The Texas Freeport receives about 2 billion cubic feet of natural gas, roughly equivalent to 2.5% of the output of the 48 U.S. states, so despite the surge in overseas demand, overseas supplies of shale gas fuel will be stranded, so U.S. gas prices have plummeted.

• International iron ore prices rose 21.8% in 21 days, approaching the $150/ton mark

Recently, the price of SGX iron ore has returned strongly again. In the 21 natural days from May 19 to June 8, the main June contract rebounded from US$119.8/ton to the current US$145.95/ton, an increase of 21.8%; 806.5 yuan / ton rose to 926.5 yuan / ton, an increase of 14.88%.

• UN: Russia-Ukraine conflict creates global cost crisis

On the 8th local time, the United Nations Secretary-General’s Global Crisis Response Group (GCRG) released the second latest report on the food, energy and financial systems, saying that in the new crown epidemic and climate crisis, global residents are facing a generation that has not been experienced. Cost of living crisis. Three months into the Russia-Ukraine conflict, price shocks to global food, energy and fertilizer markets are escalating. An estimated 1.6 billion people in 94 countries face at least one of these crisis situations, with about 1.2 billion people living in the most vulnerable countries, which are extremely vulnerable in all three sectors, food, energy and finance, the report said.

• WHO: More than 1,000 monkeypox cases have been detected in 29 non-monkeypox-endemic countries and territories

On the 8th local time, WHO Director-General Tedros Adhanom Ghebreyesus said that 29 non-monkeypox-endemic countries and regions have reported more than 1,000 confirmed cases of monkeypox to WHO, with no deaths. The monkeypox virus may have been circulating undetected for some time in some non-monkeypox-endemic countries and regions, and WHO is concerned about the risk to vulnerable groups such as children and pregnant women. WHO urges affected countries to identify all cases and contacts to control the outbreak and interrupt its spread.

• WHO: There have been more than 700 suspected cases of acute hepatitis in children of unknown etiology worldwide

On the 8th local time, WHO Director-General Tedros Adhanom Ghebreyesus said that 34 countries and regions have reported 700 suspected cases of acute hepatitis in children of unknown etiology to WHO, and 112 related cases are under investigation. At least 38 of them require liver transplants, and 10 have died so far. WHO is working with countries to study the cause, and there are usually five viruses that cause hepatitis, but none of these viruses have been detected in these cases.

US stocks resume trading

• The three major U.S. stock indexes fluctuated and closed down, Chinese stocks continued to rise, and Ali rose nearly 15%

As of the close, the Dow fell 0.81%, the Nasdaq fell 0.73%, and the S&P fell 1.08%. KWEB closed up 5.81%, Ali rose 14.67%, Jingdong rose 7.66%, Pinduoduo rose 9.73%, and Weilai rose 3.72%.

• Rediscover old love! After Tesla’s stock price plummeted by nearly 50%, Sister Mutou began to increase her holdings

Since May 23, “Sister Wood” Cathie Wood’s Ark Fund ARK has bought more than 55,000 Tesla (TSLA.US) $ shares. This is an important change in ARK’s position in Tesla. Previously, “Sister Wood” reduced its Tesla holdings for at least four consecutive quarters. As of the end of March, ARK’s Tesla shares were 1.59 million shares, compared with 1.59 million shares a year ago. 5.79 million shares.

• Twitter ready to offer Musk’s requested database access

After a weeks-long standoff, Twitter ‘s board plans to comply with Musk’s request to provide access to its entire “Firehouse” database, The Washington Post reported on Wednesday, citing people familiar with the matter. Right, that is, a data stream of more than 500 million tweets per day. Musk had previously made it conditional on terminating a $44 billion acquisition agreement that required Twitter to provide spam and fake account data and allow him to conduct an independent assessment. “Firehouse” data could be available as early as this week, the sources said. About two dozen companies currently pay for access to the database, which includes not only a real-time record of tweets, but also the device on which they tweeted, as well as information about the tweeting account. Musk’s legal team believes the data flow is critical to understanding the amount of spam and fake account activity on his platform, a figure that could impact Twitter’s ad revenue.

• Ming-Chi Kuo: Qualcomm will launch chips to compete with Apple in the third quarter of next year

Tianfeng International Securities analyst Ming-Chi Kuo said on Twitter that Qualcomm (QCOM.US)$ will launch a chip codenamed Hamoa to benchmark with Apple (AAPL.US)$ Apple Silicon chip, compared to Apple M2 using TSMC’s 5nmN5P process, The chip uses a 4nm process and is expected to be mass-produced in the third quarter of 2023. But before challenging Apple, Qualcomm has to convince PC makers to use Qualcomm chips instead of X86 chips.

• Amazon exec jumps to logistics startup Flexport as CEO

Amazon (AMZN.US) $ executive Dave Clark said in a LinkedIn post on Wednesday that he will join logistics tech startup Flexport as CEO in September. Amazon announced last week that Clark plans to step down as CEO of its global consumer business on July 1. Flexport’s current CEO Ryan Petersen said he and Clark will serve as co-CEOs for six months from September 1, after which Petersen will become executive chairman. In February, Flexport’s valuation more than doubled to $8 billion after venture capital firms Andreessen Horowitz and MSD Partners led a funding round.

• Spotify expects to hit $100 billion in annual revenue within 10 years

On Wednesday, local time, music streaming giant $Spotify Technology (SPOT.US) $ said it expects the company to reach $100 billion in annual revenue over the next 10 years. Spotify held its first investor day since going public in 2018. To get there, Spotify’s revenue needs to grow nearly 10-fold from its $11.4 billion in 2021, and CEO Daniel Ek expects gross margins to rise to 40% and operating margins to 20% over the same period. %.

• Shell said to receive two Nigerian oilfield bids this week

Energy giant Shell is expected to receive two final bids for its onshore oil and gas fields in Nigeria this week, media reported citing sources. Two local Nigerian companies, Heirs Oil and Gas and ND Western, are competing to buy Shell’s assets in the Niger Delta and nearby areas. The deadline for bids is June 10, local time, people familiar with the matter said.

• AMD claims to have reached a cooperation with Weilai, Weilai refutes rumors: if there is nothing, please stop marketing

$US Supermicro Corporation (AMD.US)$ Chinese Weibo posted on June 6 that its EPYC series processors empower NIO’s HPC platform. On June 8, Ma Lin, senior director of NIO’s corporate communications, reposted the Weibo and said: NIO has not cooperated with AMD, and has not discussed cooperation at present, and has not authorized AMD to carry out this communication. AMD’s move is very regrettable. After negotiation, AMD only deleted the news on the official website, and the marketing activities on Weibo still exist. Please AMD delete this Weibo.

Yesterday’s top 20 US stocks turnover

Hong Kong City Prospects

• Beishui sells Meituan for over HK$600 million, adding WuXi Biologics for seven consecutive days

On June 8, Southbound funds sold a small net amount of HKD 91 million today, ending the 5-day net buying trend. Meituan-W, China National Offshore Oil Corporation, and China Construction Bank were sold on a net of HK$640 million, HK$514 million, and HK$187 million, respectively; HKEX, Kuaishou, WuXi Biologics, and Tencent Holdings received a net purchase of HK$550 million, HK$4.27 billion, respectively. 100 million Hong Kong dollars, 323 million Hong Kong dollars, 310 million Hong Kong dollars. WuXi Biologics has received net purchases for 7 consecutive trading days since May 30, with a total of approximately HK$1.92 billion.

• $ Junshi Bio (01877.HK)$ : Signed a license contract with Sun Yat-Sen University Cancer Center

Junshi Bio announced that the Company and Sun Yat-Sen University Cancer Center (Sun Yat-sen University Affiliated Cancer Hospital, Sun Yat-Sen University Cancer Institute) (the “Tumor Center”) signed the “Patent Application Technology Implementation License Contract” (the “License Contract”), the Company It will obtain three patent applications including “the application of a bacterium in the preparation of a synergist for immune checkpoint inhibitors” and its related technologies and rights under an exclusive license. , development, production, manufacturing and commercialization rights. The company will pay the cancer prevention and treatment center a milestone payment of no more than RMB 500 million in total according to the development and launch of related products.

• $Great Wall Motor(02333.HK)$ : May sales down 7.94% YoY

Great Wall Motor disclosed the production and sales report for May 2022. The sales volume for the month was 80,062 units, a year-on-year decrease of 7.94%; the production volume for the month was 84,288 units, a year-on-year increase of 4.12%. Among them, the sales volume of Haval brand was 41,748 units, a year-on-year decrease of 22.47%; the sales volume of WEY brand was 2,520 units, a year-on-year decrease of 16.31%; the sales volume of Great Wall pickups was 17,008 units, a year-on-year decrease of 16.70%; the sales volume of ORA brand was 10,768 units, a year-on-year increase of 199.36% . In addition, the monthly sales volume of the tank brand reached 8,018 units, a year-on-year increase of 31.66%. From January to May 2022, the cumulative sales volume was 417,339 units, a year-on-year decrease of 19.36%; from January to May 2022, the cumulative production volume was 425,478 units, a year-on-year decrease of 15.56%. In addition, 12,317 units were sold overseas in May, and a total of 49,372 units were sold from January to May. In May, 11,637 new energy vehicles were sold, and the cumulative sales from January to May was 50,910.

• $Hong Kong Aerospace Technology (01725.HK)$ Controlling shareholder Wen Yichuan plans to acquire no more than 5% of the company’s shares

Hong Kong Aerospace Science and Technology announced that Mr. Wen Yichuan, the company’s executive director and co-chairman of the board and chief executive officer, as well as the company’s controlling shareholder, informed the company of his intention to potentially increase his shareholding in the company. Mr. Ruwen said that he is full of confidence in the company’s future prospects and growth potential, so he intends to increase his shareholding in the company through the corporation he controls. Mr Man said his initial plan was to use his own financial resources to acquire no more than 5% of the company’s issued shares in a manner permitted by The Stock Exchange of Hong Kong Limited (such as on-market purchases or off-market transactions).

• $BYD Shares (01211.HK)$ : The upper limit of the repurchase price of A shares has been raised to no more than 400 yuan per share

BYD Co., Ltd. announced that the 25th meeting of the seventh board of directors of the company decided to consider and approve the “Proposal on Adjusting the Price Limit of the Company’s Share Repurchase”. After deliberation, the board of directors of the company decided to adjust the upper limit of the repurchase share price from no more than RMB 300 per share to no more than RMB 400 per share. The adjusted upper limit of the repurchase share price does not exceed 150% of the average trading price of the company’s shares in the 30 trading days prior to the resolution of the board of directors to adjust the repurchase share price upper limit.

Follow today

Key words: China’s social financing scale in May, U.S. weekly unemployment benefits, Bilibili financial report, Weilai financial report

In terms of economic data , investors need to pay attention to the scale of China’s social financing in May and the annual rate of China’s M2 money supply in May.

According to data from the National Bureau of Statistics, the increase in social financing in April 2022 will be 910.2 billion yuan, 946.8 billion yuan less than the same period last year. Among them, RMB loans issued to the real economy increased by 361.6 billion yuan, a year-on-year decrease of 922.4 billion yuan; foreign currency loans issued to the real economy decreased by 76 billion yuan equivalent to a year-on-year decrease of 48.8 billion yuan; entrusted loans decreased by 200 million yuan, a year-on-year decrease A decrease of 21.1 billion yuan.

In addition , China’s May trade account data and May import and export data will be released, and investors are also worthy of attention.

According to data from the General Administration of Customs of China in May, in dollar terms, exports in April increased by 3.9% year-on-year, while imports were flat year-on-year, with a trade surplus of US$51.12 billion. Compared with the previous value, the growth rate of exports slowed down sharply in April, but imports reversed the downward trend and the trade surplus further expanded.

In the US, investors need to pay attention to the number of initial jobless claims for the week to June 4 .

In the United States, the number of initial jobless claims for the week ended May 28 was 200,000, compared with an expected 210,000 and the previous value of 210,000.

In terms of major financial events, European Central Bank President Christine Lagarde held a monetary policy press conference.

In terms of financial reports , Chinese stocks such as $NIO ( NIO.US )$ , $ BILI.US$ , $Aurora (JG.US)$ , and $TOUR.US$ are all listed on Thursday. The latest financial report will be announced, and investors can pay attention.

Previously, Weilai Automobile’s Q4 financial report showed that revenue in the fourth quarter was 9.9007 billion yuan, a year-on-year increase of 49.1%. Analysts expected 9.72 billion yuan, of which car sales revenue was 9.2154 billion yuan, a year-on-year increase of 49.3%, and the gross profit margin of auto sales in the quarter was 20.9%. , up from 17.2% in the same period in 2020 and 18% in the third quarter of last year.

Previously, Bilibili’s revenue in the fourth quarter was 5.78 billion yuan, a year-on-year increase of 50.5%; the fourth quarter net loss was 2.088 billion yuan, compared with a loss of 828 million yuan in the same period last year; in terms of user growth, Bilibili’s average monthly active users in the fourth quarter reached 2.088 billion yuan. 272 million, and the average monthly active users of the mobile terminal reached 252 million, both achieving a year-on-year growth of 35%.

In addition, companies such as U.S. stocks $Fuel Cell Energy (FCEL.US)$ and $ABM Industries (ABM.US)$ will also announce their results.

In terms of new shares, the Hong Kong stock Youhe Group (02347.HK) will announce the results of the lottery, investors can pay attention.

Niu Niu Chen read:

If you get the business model right, you can make a lot of money.

– Buffett

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