Markets are in suspense due to a sharp drop in exports…

BARCELONA, Spain – Markets are taking note of China’s weaker foreign trade numbers and diplomatic efforts to draw closer between Washington and Beijing, while watching the development of US regulatory pressures on the country’s operations. digital assets to currency (coin) f binance.

US and European stock index futures, which previously traded in the red, continue to show caution in trading, even when one of the indicators tries to move into positive territory.

In Asia, the closing of stock markets was mixed: Nikkei fell after several days of reassessment and Chinese stock markets closed higher on expectations that the Asian giant will cut interest rates to boost the economy.

In the debt market, US 10-year bond payments rose to 3.687% at 6:36 AM (New York time). The dollar fell, while the euro and the pound sterling rose slightly against other currencies.

Among the issues that should be highlighted is the appointment by the Turkish president Recep Tayyip Erdogan From a former Merrill Lynch strategist, Mohamed SimsekThe new position of Chancellor of the Exchequer and Treasury raised expectations for a return to more conventional monetary policy and less intervention in the markets.

In other markets, WTI Oil was slightly higher, while Gold was lower. Bitcoin price is down almost 2% a few moments ago, and it is still trading below $27,000.

→ Factors driving markets:

⚖️ swinging. Expectations of further economic stimulus in China are rising after the country reported a more-than-expected decline in exports (-7.5%) in May (-1.8%). Meanwhile, the decline in imports was softer (-4.5%) than expected (-8%), resulting in a balance of US$66 thousand million.

👥 Re-approach. US Secretary of State Antony Blinken will visit China in the coming weeks He may meet with President Xi Jinping to resume high-level contacts with Beijing in the context of rising tensions between the two countries. In business, CEO Citigroup (C), Jane Fraser, arrives in Beijing this week, a few days after the CEO’s visit JPMorgan (JPM), Jamie Dimon.

🔍 against the wall. In the midst of the SEC’s crackdown on regulations, currencythe largest cryptocurrency exchange in the United States, is now facing demands from state regulators in California and New Jersey to Stop your operations. At the same time, the Securities and Exchange Commission requested an emergency order to Asset freeze to binance And the protection of customer funds, with the possibility of returning investments abroad.

🕖 The flight is delayed. Boeing (BA) has found a defective part affecting at least 90 of its 787 Dreamliners and announced that Delivery will be delayed Just at a time of strong demand, which could exacerbate shortages in the aviation sector. The company’s shares fell before the opening of the US market.

👗 Show effectiveness. Textile retailer Inditex It reported a 43% higher profit in the first quarter ($1.6 billion), above expectations. Spanish owned company Zara And other fashion retailers are better off with larger, more efficient stores. The company’s gross profit margin reached a record high of 60.5% in the period.

🟢 Bags yesterday (6/6): Dow Jones Industrial (+0.03%), S&P 500 (+0.24%), Nasdaq Composite (+0.36%), Stoxx 600 (+0.38%)

Despite the positive close, investors remained cautious ahead of the Fed’s upcoming decision. News of Secretary of State Antony Blinken’s visit to China boosted risk appetite, offsetting downward pressure from the tech sector, including losses manzana (AAPL).

investor agenda

These are the events scheduled for today:

• United States of America: Trade Balance / APR, Mortgage Applications / MBA, Buying Index / MBA, Oil Inventories, Consumer Credit / APR

• Europe: United Kingdom (Halifax House Price Index / May, Mortgage Rates, RICS House Price Index / May); Germany (Industrial Production / April); France (Current Accounts/April, Total Reserve Assets/May, Trade Balance/April); Italy (Retail Sales / April)

• Asia: China (Trade Balance / May, Foreign Exchange Reserves / May); Hong Kong (IP/May); Japan (GDP/Q1-23, leading and coincident indicators/April, current transactions/April, bank loans, foreign investment)

• latin america: Brazil (IPCA / May, currency inflows)

• central banks: speech by Luis de Guindos and Fabio Panetta (BC); Interest rate decision (BoC)

🗓️ This week’s special events →

(With information from Bloomberg News)

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