Pay attention to the international financial market on Monday:
1. Although the far right has maintained victory in the French election, the market is not pessimistic about Macron's failure. Currently, European stock markets have risen and the euro has risen due to expectations for Macron's next move.
2. In terms of US stocks, US stock futures remained calm before the market opened. Nvidia rose before the market opened, and other technology stocks rose and fell. Nvidia's rise will have a siphoning effect on other technologies in the short term. Due to Bitcoin's intraday rebound, Coin MSTR rose slightly before the market opened.
3. The financial reports of major US banks such as JPMorgan Chase will be released this week.
4. International gold continues to maintain an upward trend, and the upward trend is still continued. Although it has fallen slightly during the day, it is obviously favorable. The current price is 2,375 US dollars per ounce.
5. Due to the recent rise in crude oil prices caused by hurricanes in the United States and wildfires in Canada (I just saw this reason today), although the hurricanes and wildfires have not been completely resolved, crude oil prices have fallen slightly in the short term.
6. In terms of international bulk commodities, sugar has been fluctuating and falling since its rise at the beginning of the month, but it is still above $20. Iron ore continues to fall from a high level.
6. The US dollar index started a continuous decline on July 2, and there is no trend of stopping the decline. The index has fallen below 105 and is currently at 104.8. On Tuesday and Wednesday this week, Powell will give testimony on monetary policy in the first half of the year. During this period, he is likely to make remarks about the strong US economy to boost the US dollar index. If this is true, it may not be very friendly to the recent interest rate cut expectations.
7. The 10-year US Treasury yield rose 0.33% during the day, and the interest rate is currently maintained at around 4.282%. A new round of US 10-year Treasury sales auctions will be held on Thursday this week. At that time, you can observe the recent 10-year US Treasury auctions.
8. The exchange rate of USD to JPY remains around 160, and the exchange rate of USD to RMB remains stable at 7.2695.
