Federal Reserve Chairman Warsh: It's no secret that I hope the Fed's balance sheet will shrink.

Domestic News: 1. Cheng Fubo appointed Party Secretary of the State-owned Assets Supervision and Administration Commission of the State Council. 2. Ministry of Commerce: Implements provisional anti-dumping measures on pea starch originating from Canada. 3. China Securities Regulatory Commission (CSRC) convenes meeting to promote coordinated work between central and local governments on the comprehensive system for preventing and punishing financial fraud in the capital market. 4. Ministry of Industry and Information Technology (MIIT) official: Increase efforts in research and development of lithium-rich manganese-based cathodes, silicon-based anodes, and solid-state electrolytes. 5. National Bureau of Statistics: In June, the manufacturing PMI was 50.3%, up 0.3 percentage points from the previous month, returning to expansion territory. 6. Ministry of Finance: From January to May, the total operating revenue of state-owned and state-controlled enterprises nationwide decreased by 0.7% year-on-year, while total profits increased by 3.5% year-on-year. 7. Eight departments including the MIIT: Promote the integrated planning and simultaneous construction of industrial internet infrastructure and computing power infrastructure such as intelligent computing facilities and supercomputing facilities. International News: 1. Trump's 927-page financial report revealing over $1 billion in "money-making" includes World Cup tickets and settlement fees. 2. Federal Reserve's Hamak: Inflation remains too high, and interest rate hikes may need to be considered. 3. SK Hynix has reportedly submitted its Nasdaq listing application. 4. Reports indicate that OpenAI has found an optimization solution that can halve AI inference costs. The US is reportedly lifting export controls on the AI model Fable on the evening of May 30th (local time). 5. Japan stated that it did not intervene in the foreign exchange market between April 28th and May 27th. 6. The US Supreme Court overturned President Trump's restrictions on birthright citizenship. 7. US JOLTs job openings in May totaled 7.594 million, below the expected 7.3 million and the revised previous figure of 7.585 million (originally 7.618 million). 8. The UAE's oil exports hit a record high of 3.7 million barrels per day after withdrawing from OPEC. 9. Russia's daily crude oil exports recently rose to 4.13 million barrels, the highest level since the outbreak of the Russia-Ukraine conflict. 10. US Treasury Secretary Bessenter: I wouldn't be surprised if the June jobs data is very strong. We'll see if oil companies are manipulating prices. 11. Middle East Situation— ① Iranian Foreign Ministry: There are "virtually no plans for any level of meeting with the US" in the coming days. Dialogue with mediator Qatar on implementing the US-Iran agreement may be held in Doha on July 1st, with topics including the release of unfrozen assets. ② Oman has reportedly proposed a toll scheme for the Strait of Hormuz, citing the Strait of Malacca scheme, etc. ③ Iranian Parliament Speaker Ghalibaf: The prosperity and navigation capacity of the Strait of Hormuz must be gradually improved.

The U.S. Energy Information Administration (EIA) reported that refinery utilization rates on the U.S. East Coast fell to their lowest level since April 2025 in the latest week.