Hot news

• IShares Anshuo MSCI China ETF one-day capital inflows hit a record high

Investors poured nearly $270 million into iShares Asustek MSCI China ETF (MCHI) on Tuesday, the largest one-day inflow since the fund was launched in 2011. The MSCI China index tracked by the ETF has risen nearly 7 per cent this week.

• Us Treasury Secretary Yellen: the US government is actively considering re-imposing tariffs on China, but this is not a panacea to ease inflation
  

Us Treasury Secretary Yellen said on Wednesday that the Biden administration was actively considering "resetting" tariffs on Chinese imports, but warned that tariff cuts were not a "panacea" to ease high inflation, according to foreign media reports. More information on the tariff plan will be released in the coming weeks, adding that the changes are "under active consideration".

• IMF Chief Economist says there is a risk that inflation expectations will break down in the United States

Gopinath, chief economist of the IMF, said that according to current forecasts, US inflation may be higher than the Fed's target for a long time, and there is a risk that inflation expectations will unanchor. It will be a challenge to restore inflation to the Fed's target without causing unrest. The risk is that interest rates could rise sharply. And see vip "inflation is a monetary phenomenon, hyperinflation is a fiscal phenomenon" analysis: the current market too much will blame the Federal Reserve, and the Treasury has an unshirkable responsibility; high interest rates will also increase the burden of fiscal interest.

• YellenActively consult with European countries for Russian oil to enter the market at a "low price"

Yellen said that the United States intends to allow Russian oil to continue to flow into the international market, but needs to limit Russian oil revenue. On the same day, Yellen said at the Senate Finance Committee hearing that it is "almost impossible" for the United States to be immune from the influence of oil market prices, and that the United States hopes to allow Russian oil to flow into the global market in order to curb the rise in global oil prices.

• OPEC densely stated that oil production in most member states has reached its limit, and oil prices are far from peaking.

The energy minister of the United Arab Emirates believes that the recovery in Chinese demand will lead to more oil consumption and that OPEC+ cannot guarantee adequate supply alone.

• Zelansky: is discussing a food transport plan with the United Nations

Ukrainian President Zelanski said on the 8th that Ukraine is discussing a food passage plan for the Black Sea with the United Nations. Zelansky said that the passage of grain by sea needs to be opened by the fleet of Western countries trusted by Ukraine. On the same day, Ukrainian Foreign Minister Kuriba also said that the Black Sea grain transport channel should be patrolled by ships from countries trusted by Ukraine. He also said that Ukraine needs more weapons to maintain the security of the Black Sea port in order to unseal the port and solve the food export crisis.

• The European Parliament supports a ban on the sale of new fuel vehicles from 2035

On Wednesday, June 8, local time, the European Parliament voted for a bill that would ban the sale of new internal combustion engine cars from 2035. Although the proposal still needs to be discussed and approved by the European Council before it can become law, the parliamentary vote is seen as the most critical step in the process. If the bill is fully approved, it will speed up the electrification process in Europe.

• Us natural gas futures tumbled 9% after a small explosion at the liquefied natural gas terminal in Texas Freeport.

Texas Freeport receives about 2 billion cubic feet of natural gas, roughly 2.5% of the output of 48 states in the United States, so despite the surge in overseas demand, the overseas supply of shale gas will run aground, so US gas prices have plummeted.

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

Recently, SGX iron ore prices have 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%. In the same period, the domestic iron ore main 2209 contract rose from 806.5 yuan / ton to 926.5 yuan / ton, an increase of 14.88%.

• United Nations: global cost crisis caused by conflict between Russia and Ukraine

The United Nations Secretary General's Global crisis response team (GCRG) released its second latest report on food, energy and financial systems on the 8th local time, saying that during the COVID-19 epidemic and the climate crisis, global residents are facing a cost of living crisis that has not been experienced by a generation. In the three months since the conflict between Russia and Ukraine, the price shocks to the global food, energy and fertiliser markets are escalating. According to the report, an estimated 1.6 billion people in 94 countries face at least one of the crisis situations, of which about 1.2 billion live in the most vulnerable countries, which are extremely vulnerable in the three areas of food, energy and finance.

• World Health Organization (WHO): more than 1000 cases of monkeypox have been found in 29 non-monkeypox endemic countries and regions.

On the 8th local time, World Health Organization (WHO) Director General Tan Desai said that 29 non-monkeypox endemic countries and regions had reported more than 1000 confirmed monkeypox cases to World Health Organization (WHO) and there were no deaths. The monkeypox virus may have spread undetected in some non-monkeypox endemic countries and regions for some time. World Health Organization (WHO) is worried about the risks the virus poses to vulnerable groups such as children and pregnant women. World Health Organization (WHO) urged affected countries to find all cases and contacts to control the epidemic and stop its spread.

• World Health Organization (WHO): there have been more than 700 suspected cases of acute hepatitis in children with unknown etiology.

World Health Organization (WHO) Director-General Tan Desai said on the 8th local time that 34 countries and regions have reported 700 suspected cases of acute hepatitis in children of unknown causes to World Health Organization (WHO), and another 112 related cases are under investigation. At least 38 of them require liver transplantation, and there have been 10 deaths so far. World Health Organization (WHO) is working with countries to study the cause. There are usually five viruses that cause hepatitis, but these viruses have not yet been detected in these cases.

Review of US stocks

• The three major indexes of US stocks fluctuated and closed down, while US-listed stocks continued to rise, and BABA rose nearly 15 per cent.

By the close, the Dow was down 0.81%, the Nasdaq was down 0.73%, and the S & P was down 1.08%. KWEB closed up 5.81%, BABA 14.67%, JD.com 7.66%, Pinduoduo 9.73%, NIO Inc. 3.72%.

• Get back to your old love! After Tesla, Inc. 's share price plummeted nearly 50%, Sister Wood began to increase her holdings.

Since May 23, "wooden Sister" Cathie Wood's Ark Fund ARK has bought more than 55000 shares.$Tesla, Inc. (TSLA.US) $Stock. This is an important shift in ARK's position in Tesla, Inc., after wooden Sister reduced its stake in Tesla, Inc. for at least four consecutive quarters. As of the end of March, Tesla, Inc. of ARK held 1.59 million shares, compared with 5.79 million shares a year ago.

• Twitter is ready to provide the database access requested by Musk.

According to a report by the Washington Post on the 8th, citing sources familiar with the matter, after weeks of stalemate$Twitter (TWTR.US) $The board of directors plans to comply with Musk's request to provide access to his entire "Firehouse" database, that is, a stream of more than 500m tweets a day. Musk had previously asked Twitter to provide spam and fake account data on the condition of terminating the $44 billion acquisition agreement, and allowed him to conduct an independent evaluation. Sources said that "Firehouse" data could be provided as early as this week. It is reported that about 20 companies pay to access the database, including not only the real-time recording of tweets, but also the devices on which they tweeted, as well as information about their tweet accounts. Musk's legal team believes that data flow is critical to understanding the amount of spam and fake account activity on his platform, which could affect Twitter's advertising revenue.

• Guo Mingyi: Qualcomm Inc will launch a chip to compete with Apple Inc in the third quarter of next year.

Guo Mingyi, an analyst at Tianfeng International Securities, said on Twitter.$Qualcomm Inc (QCOM.US) $The chip codenamed Hamoa will be introduced with$Apple Inc (AAPL.US) $Apple Silicon chip alignment, compared with Apple Inc M2 using Taiwan Semiconductor Manufacturing Co Ltd 5nmN5P process, the chip using 4nm process, is expected to be mass production in the third quarter of 2023. However, before launching a challenge to Apple Inc, Qualcomm Inc must persuade PC manufacturers to use Qualcomm Inc chips and give up X86 chips.

• Amazon.Com Inc senior executive moved to Flexport, a logistics start-up, to serve as CEO.

$Amazon.Com Inc (AMZN.US) $Dave Clark, a senior executive, posted on LinkedIn on Wednesday that he would join logistics technology start-up Flexport as chief executive in September. Amazon.Com Inc announced last week that Clark plans to resign as chief executive of its global consumer business on July 1. Ryan Petersen, the current CEO of Flexport, said he and Clark will be co-CEOs for six months from Sept. 1, after which Petersen will become executive chairman. In February, after venture capital firms Andreessen Horowitz and MSD Partners led a round of funding, Flexport's valuation more than doubled to $8 billion.

• Spotify expects annual revenue to reach $100 billion within 10 years.

On Wednesday local time, the music streaming giant$Spotify Technology (SPOT.US) $The company expects annual revenue to reach $100 billion over the next 10 years, it said. Spotify held its first investor day since it went public in 2018. To achieve this, Spotify's revenue will grow nearly tenfold from $11.4 billion in 2021, and Daniel Ek, the company's chief executive, expects gross margins to rise to 40 per cent and operating margins to 20 per cent over the same period.

• Shell is said to receive two bids for Nigerian oil fields this week

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

• AMD said that he had reached a cooperation with NIO Inc. and NIO Inc. refuted the rumor: no, please stop marketing.

$Advanced Micro Devices Inc (AMD.US) $China's Weibo Corp posted on June 6 that its EPYC series processors empower NIO Inc. 's auto HPC platform. Ma Lin, senior director of NIO Inc. Automotive Corporate Communications, forwarded the Weibo Corp on June 8, saying: NIO Inc. did not cooperate with AMD, nor did he discuss cooperation, let alone authorize AMD to carry out this communication. AMD's move is very regrettable. After negotiation, AMD only deleted the news on the official website, Weibo Corp's marketing activities still exist. Ask AMD to delete the Weibo Corp.

Yesterday's turnover of US stocks TOP20

The Prospect of Hong Kong City

• Beishui sold Meituan more than HK $600 million, increasing the position of Wuxi Biologics for seven consecutive days.

On June 8, southbound Capital sold a small net HK $91 million today, ending the net buying trend of the 5th. Meituan-W, CNOOC Limited and China Construction Bank Corporation received a net sale of HK $640 million, HK $514 million and HK $187 million respectively, while Hong Kong Exchanges and Clearing, Kuaishou Technology, Wuxi Biologics and Tencent received a net purchase of HK $550 million, HK $427 million, HK $323 million and HK $310 million respectively. Wuxi Biologics has received net purchases for seven consecutive trading days since May 30, totaling about HK $1.92 billion.

• $Junshi creature (01877.HK) $Sign a license contract with the Cancer Prevention and treatment Center of Sun Yat-sen University

Junshi Bio announced that the company and Sun Yat-sen University Cancer Prevention Center (affiliated Cancer Hospital of Sun Yat-sen University, Cancer Institute of Sun Yat-sen University) ("Cancer Prevention Center") signed a "Patent Application Technology implementation license contract" ("license contract") The company will obtain three patent applications and related technologies and rights and interests, such as "the application of a bacterium in the preparation of a synergist for immune checkpoint inhibitors" by way of exclusive license. at the same time, the company has the right to explore, develop, produce, manufacture and commercialize related technologies around the world. The company will pay the tumor prevention and treatment center a cumulative milestone of no more than 500 million yuan according to the research and development and listing of related products.

• $Great Wall Motor (02333.HK) $Sales fell 7.94% in May compared with the same period last year, while sales of tank brands bucked the trend.

Great Wall Motor disclosed production and marketing KuaiBao in May 2022. Sales in the month reached 80062, down 7.94% from the same month last year; production reached 84288 in the same month, up 4.12% from the same period last year. Among them, Harvard brand sales were 41748, down 22.47% from the same period last year, down 16.31% from the same period last year; Great Wall pickup truck sales were 17008, down 16.70% from the same period last year; and Euler brand sales were 10768, up 199.36% from the same period last year. In addition, the monthly sales of tank brands reached 8018, an increase of 31.66 percent over the same period last year. From January to May in 2022, cumulative sales reached 417339 vehicles, down 19.36% from the same period last year; and from January to May in 2022, cumulative production reached 425478 vehicles, down 15.56% from the same period last year. In addition, 12317 units were sold overseas in May, with a cumulative sales of 49372 units from January to May. 11637 new energy vehicles were sold in May, with a cumulative sales of 50910 from January to May.

• Hong Kong Aerospace Technology (01725.HK) $Wen Yichuan, the controlling shareholder, intends 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, co-chairman and chief executive of the board of directors, as well as the company's controlling shareholder, informed the company of its intention to potentially increase its stake in the company. Mr Ruwen said that he was confident in the future prospects and growth potential of the company, so he intended to increase his shareholding in the company through the corporation under his control. Mr. Wen said that his initial plan was to use his own financial resources and acquire no more than 5% of the company's issued shares in a manner allowed by the Stock Exchange of Hong Kong Limited, such as on-exchange purchases or over-the-counter transactions.

• $Byd Company Limited (01211.HK) $The maximum repurchase price of A shares has been raised to no more than 400 yuan per share.

Byd Company Limited announced that the 25th meeting of the Seventh Board of Directors of the company decided to examine and pass the "motion on adjusting the price ceiling of shares in the buyback company." After consideration, the board of directors of the company decided to adjust the price ceiling of the repurchased shares from no more than 300 yuan per share to no more than 400 yuan per share. The adjusted price ceiling of the repurchase shares does not exceed 150% of the average stock trading price of the company in the 30 trading days prior to the adoption of the resolution of the board of directors to adjust the price ceiling of the repurchase shares.

Focus today

Key words:The scale of social financing in China in May and the week in the United StatesNumber of unemployment benefits, Bilibili Inc. 's financial report, NIO Inc. 's financial report

Economic dataInvestors focus on the need for attentionThe scale of social financing in China in May and the annual rate of M2 money supply in May.

According to the National Bureau of Statistics, the scale of social financing increased by 910.2 billion yuan in April 2022, 946.8 billion yuan less than the same period last year. Of this total, RMB loans to the real economy increased by 361.6 billion yuan, 922.4 billion yuan less than the same period last year; foreign currency loans to the real economy decreased by 76 billion yuan, 48.8 billion yuan more than the same period last year; and entrusted loans decreased by 200 million yuan and 21.1 billion yuan less than the same period last year.

In addition,China's May Trade account data and May Import and Export dataWill be announced, investors are also worthy of attention.

In dollar terms, exports rose 3.9% in April from a year earlier, while imports were flat, with a trade surplus of $51.12 billion, according to data from the General Administration of Customs in May. Compared with the previous value, export growth slowed sharply in April, but imports reversed the downward trend and the trade surplus widened further.

In the United States, investors need to pay attention toNumber of initial claims for unemployment benefits in the week to June 4。

The number of initial claims for unemployment benefits in the United States in the week to May 28 was 200000, compared with an expected 210000, compared with a previous value of 210000.

In terms of major financial eventsEuropean Central Bank President Christine Lagarde held a press conference on monetary policy.

Financial report，Thursday$NIO Inc. (NIO.US) $、$Bilibili Inc. (BILI.US) $、$Aurora Mobile Limited (JG.US) $、$Tuniu Corp (TOUR.US) $And other Chinese stocks will announce the latest financial results, investors can pay attention.

Prior to NIO Inc. 's Q4 financial report, revenue in the fourth quarter was 9.9007 billion yuan, an increase of 49.1% over the same period last year. Analysts expected 9.72 billion yuan, of which car sales revenue was 9.2154 billion yuan, up 49.3% from the same period last year. The gross profit margin of car sales in the current quarter was 20.9%, up from 17.2% in the same period in 2020 and 18% in the third quarter of last year.

Prior to this, Bilibili Inc. 's revenue in the fourth quarter was 5.78 billion yuan, an increase of 50.5% over the same period last year. In terms of user growth, Bilibili Inc. averaged 272 million monthly active users in the fourth quarter and 252 million monthly active users on mobile, both achieving 35% year-on-year growth.

In addition, US stocks$fuel cell energy (FCEL.US) $、$Anti-Missile Industry (ABM.US) $And other companies will also announce their results.

In terms of new sharesHong Kong stock$Youwa Group (02347.HK) $The winning result will be announced and investors can pay attention to it.

Niuniu morning reading:

If you look at the right business model, you will make a lot of money.

-- Buffett