Domestic News:
1. The Ministry of Commerce responded to the latest developments in China-US trade consultations: both sides agreed to establish a trade council and will discuss cooperation such as reciprocal tariff reductions under the council.
2. my country's installed power generation capacity exceeded 4 billion kilowatts.
3. The State Administration for Market Regulation held its second symposium on fair competition for enterprises in 2026.
4. The People's Bank of China: will increase overnight reverse repurchase operations in open market operations on June 29 and June 30.
5. Two departments: strengthen theoretical research and technological innovation in controlled nuclear fusion, space power stations, and high-temperature superconducting power transmission.
6. Ding Xuexiang attended the opening ceremony of the 9th China-Eurasia Expo and met with participating foreign dignitaries.
International News:
1. Apple raised prices on several products including Macs and iPads, but not iPhones.
2. The Iraqi Ministry of Oil denied considering withdrawing from OPEC.
3. IBM released 0.7-nanometer chip technology, which can improve energy efficiency by 70%. 4. Vietnam will launch a carbon emissions trading pilot program next week, lasting until the end of 2027.
5. The UK will reduce its steel import quota by 51% from the originally planned 60%.
6. US core PCE rose 3.4% year-on-year in May as expected, and Q1 GDP growth was revised upward from 1.6% to 2.1%.
7. Federal Reserve – Williams: Expects inflationary pressures to ease, pushing back the timeline for achieving the 2% inflation target to 2028; Goolsby: Underlying inflation remains too high and the trend is unfavorable. He agrees with Warsh's view that speculation about future interest rates should be avoided; the ruling in the Cook case is expected next week.
8. Middle East Situation –
① Iran's Revolutionary Guard warns: Uncoordinated passage through the Strait of Hormuz is "unacceptable and dangerous."
② US media, citing US officials: Iran attacked a Singapore-flagged cargo ship in the Strait of Hormuz on Thursday.
③ International Maritime Organization suspends the evacuation of ships stranded in the Strait of Hormuz. ④ US Energy Secretary Wright: Iran's daily crude oil exports are expected to reach a maximum of 2 million barrels.
⑤ Israeli officials denied reports of a partial withdrawal of troops from the southern Lebanese "safe zone." Rubio: He is close to facilitating a preliminary agreement between Israel and Lebanon.
⑥ Iran's Persian Gulf Straits Authority warned ships against using unauthorized routes through the strait.
⑦ US media: Iran estimates annual revenue from tolls related to the Strait of Hormuz could reach $40 billion.
