New developments in China-US economic and trade negotiations; AI becomes the focus of Apple's WWDC conference tonight | Review of today's important news
0609 |Dolphin Research Key Focus:
🐬 Macro/Industry
1、According to data from the National Bureau of Statistics, in May, the national Consumer Price Index (CPI) fell by 0.1% year-on-year, the same decline as the previous month; the core CPI, excluding food and energy prices, rose by 0.6% year-on-year, an increase of 0.1 percentage points from the previous month. Overall price levels remain low. The year-on-year decline in CPI was mainly dragged down by energy prices. Excluding volatile items such as energy and food, the underlying price level of the overall consumer market has improved to some extent, indicating a certain resilience in the domestic consumer market.
2、He Lifeng, a member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, will visit the UK from June 8 to 13. During this period, he will hold the first meeting of the China-US economic and trade consultation mechanism with the US side. This is the second economic and trade consultation since the outbreak of the tariff war. The consultation will focus on tariffs, technology, rare earths, and other issues. The Ministry of Commerce stated that it has approved a certain amount of medium and heavy rare earth export applications in accordance with the law. If a certain consensus can be reached on key issues such as tariffs, it will greatly improve global trade expectations and reduce the inhibitory effect of trade uncertainty on economic growth.
🐬 Stocks
1、$Tencent Music(TME.US)
Tencent Music rose more than 6% intraday today. On the news front, Tencent Music acquired a 9.38% stake in SM Entertainment held by HYBE for 243.3 billion won (approximately 1.29 billion yuan), becoming its second-largest shareholder. SM owns top idol IPs such as NCT and aespa, which can consolidate TME's copyright advantage in the Chinese music market, provide users with more exclusive content, attract new users, and enhance stickiness.
2、$Apple(AAPL.US)
Apple's 2025 Worldwide Developers Conference (WWDC) will open in Cupertino, California, on June 9 (1:00 AM Beijing Time on June 10). Developers and users will be able to preview the company's software product update directions for the coming year. Apple is expected to release updates for iOS 19, iPadOS 19, macOS 16, watchOS 12, tvOS 19, and visionOS 3, with a focus on whether there will be any highlights in AI updates.
🐬 Top Gainers
A-shares: Tobacco, data processing and outsourcing services, office services and supplies;
Hong Kong stocks: Sports equipment and leisure products, silver, consumer goods retailers;
US stocks: Airline-passenger, cloud and data centers, internet content and information.
🐬 Tomorrow's Focus
1、None.
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