June 8 Market Review

On Friday, the Dow rose more than 800 points, and the Nasdaq hit an all-time high. The S & P 500 rose 2.6%. Cruise concept stocks and aviation stocks rose sharply. The general trend is strong, with JD.com and Pinduoduo reaching new highs.

The Labor Department reported on Friday that total non-farm payrolls rose by 2.509 million in May, the largest monthly increase since 1939. The market is expected to decrease by 8 million. But the U.S. Department of Labor said the non-farm data were "distorted" and had statistical errors.

The market will usher in the Fed interest rate decision this week, Federal Reserve Chairman Powell will hold a press conference, EIA will also release its monthly short-term energy outlook report, and there will also be a summit of leaders of the Group of Seven.

The Hang Seng Index opened more than 200 points in the morning, once back to the 25000 point mark, but then gradually narrowed down, at one point in the afternoon fell nearly 90 points, and finally the Hang Seng Index rose 0.03% to 24776, while the National Index fell 0.57% to 10008. On the market, Wuhan local stocks and Hong Kong retail stocks rose at the top; the non-ferrous metals sector performed brightly, iron goods soared by more than 68%, and Minmetals resources rose by more than 10%.

Us stocks pre-market: expectations rise

Us stocks rose before the day. As of press time, Dow futures rose 0.73%, S & P 500 index rose 0.5%, and Nasdaq futures rose 0.16%.

Performance of major ETF products in Hong Kong stocks

• The Hang Seng Index rose slightly by 0.03%, while the bullish Hang Seng Index fell 0.78% in the South.

The Hang Seng Index rose 0.03%.$South double bullish Hang Seng Index (07200.HK) $Down 0.78%, the turnover reached HK $721 millionSouth double bearish Hang Seng Index (07300.HK) $Up 0.45%, the turnover reached HK $21.15 million$South double bearish Hang Seng Index (07500.HK) $The turnover increased by 0.8% to HK $1.201 billion.

• Hong Kong stock market rose by the top 10 ETF

Today, the top 10 gains in the Hong Kong stock market were mainly crude oil and Nasdaq-related ETF, of which F Samsung crude oil rose 4.64%, with a turnover of HK $167 million, and FGX crude oil rose 4.35%, with a turnover of HK $8.98 million.

Performance of major ETF products in US stocks

A report released by the U.S. Labor Department on Friday showed that total non-farm payrolls rose by 2.509 million in May, and the unemployment rate fell to 13.3%. The market is expected to decrease by 8 million.

U. S. stocks rose sharply on Friday, with the Dow up more than 800 points and the Nasdaq hitting an all-time high. See the collective strength of the long index class ETF$ProShares UltraPro 3 times Dow 30 (UDOW.US) $It's up more than 9%.

In pre-market trading today, the futures of the three major futures of US stocks rose, and the bullish index ETF rose slightly.$ProShares UltraPro 3 times Dow 30 (UDOW.US) $涨1.52%，Triple the S & P 500ETF-ProShares (UPRO.US) $Up nearly 1%.

ETF of US stocks related to listing on the Hong Kong Stock Exchange$Huaxia Direxion double look at the 07261.HK (Donna Index) $The turnover increased by 2.05% to HK $3.55 million.$FI2 Warsaw 100 (07522.HK) $The turnover fell 2.1% to HK $14.93 million.

ETF performance of energy and precious metals

• Us Oil hits the $40 mark, bullish crude oil ETF continues to strengthen
  

It is reported that the OPEC+ has agreed to extend the current 9.7 million b / d production reduction agreement until the end of July; countries that have previously failed to meet production reduction quotas will make up for additional production cuts in July-September; in the future, a monthly meeting will be held until December 2020. WTI crude oil rose more than 4% on Friday, and US oil futures continued to rise today, with intraday prices once above the $40 mark. As of press time, WTI crude oil is now trading at US $39.88.

The bullish crude oil-related ETF rose brightly last Friday, of which$double long Energy ETF-Direxion (ERX.US) $It rose nearly 15%, and rose 4.62% before trading today. Bearish crude oil related ETF suffered a big setback.Double shorting the oil and gas index ETF (ProShares) (DUG.US) $Drop by more than 15%$2 times short energy ETF-Direxion (ERY.US) $跌15%。

In addition, the value of Saudi oil exports fell 21.9 per cent in the first quarter from a year earlier to $40 billion, equivalent to a drop of about $11 billion, according to data released by the Saudi State General Administration of Statistics on Sunday. The decline in oil exports of the Saudi State General Administration of Statistics was the main reason for the 20.7% decline in the value of total merchandise exports in the first quarter.

According to Reuters, according to the current rate of production cuts and economic recovery in major oil-producing countries, crude oil will be in short supply in July, but OPEC still has about 1 billion barrels of stock to be consumed.

• Non-farm data distorted, gold prices rebounded after plummeting

The US non-farm payrolls data released on Friday boosted hopes of a global economic recovery and reduced demand for safe-haven assets. Gold prices fell sharply on Friday, with spot gold falling more than 2 per cent to the 1670 mark at one point.Double long gold ETF (ProShares) (UGL.US) $It soared by more than 4%.Double short gold ETF (ProShares) (GLL.US) $It plummeted by more than 4%.

However, it should be reminded that the US Bureau of Statistics said earlier that there was a mistake in the statistical process of the US unemployment rate, which is likely to seriously underestimate the unemployment rate.The revised unemployment rate in May could be as high as 16.3% or higher; and the same error occurred in April's statistics, which could be close to 20%. Gold prices have gradually rebounded in recent days, and as of press release, spot gold has risen from a previous low of $1670 to $1695. Before today's trading.$Gold ETF-SPDR (GLD.US) $涨0.7%。

Other ETF manifestations

• Overnight US stock market rose by the top 10 ETF

The top 10 ETF gains in the overnight US stock market are mainly oil and gas-related ETF.

• The three major indexes rose before the day, while the long panic index ETF fell.
  

Us stocks rose sharply last Friday, with a panic index.S & P 500 volatility Index (.VIX.US) $跌5%，$panic 2X long-VelocityShares (TVIX.US) $It fell by more than 10%. Before today's trading, the three major futures indexes rose, while the long panic index ETF fell again.$panic 2X long-VelocityShares (TVIX.US) $、$ProShares Ultra VIX short-term futures ETF (UVXY.US) $They all fell 0.8% before the session.