LI AUTO(US:LI) Sou Hu Cai Jing·2025-06-27 14:57Group 1: Stock Market Performance - The U.S. stock market indices opened higher, with the Nasdaq Composite Index reaching a new historical high, surpassing the previous peak from December 2024 [1] - The S&P 500 Index also set a new historical high, breaking through the February 2025 high [1] - Chinese concept stocks continued to adjust, with the Nasdaq China Golden Dragon Index declining, and specific stocks like Zai Ding Pharmaceutical and Li Auto experiencing drops of nearly 4% and over 3%, respectively [1] Group 2: Gold Market Dynamics - Gold prices experienced a significant drop, with spot gold falling over 2% at one point, primarily due to a decrease in geopolitical risks following Israeli Prime Minister Netanyahu's acceptance of a ceasefire with Iran [2][3] - The current high prices of gold are facing downward pressure, and investors are advised to be cautious, while silver is expected to maintain a range-bound pattern, potentially outperforming gold in the context of high gold-silver ratios and the release of overseas risks [3] Group 3: Inflation Indicators - The Personal Consumption Expenditures (PCE) price index, a key inflation measure in the U.S., showed a month-over-month increase of 0.1% in May, with the core PCE price index rising by 0.2% when excluding food and energy prices [4] - The PCE price index is closely monitored by the Federal Reserve for monetary policy decisions, making it a significant data point for market participants [4] Group 4: Federal Reserve Expectations - Following the release of inflation data, traders are anticipating that the Federal Reserve will begin to cut interest rates starting in September, with increased bets on three rate cuts in 2025 [5]