CNOOC(SH:600938) Xin Yong An Guo Ji Zheng Quan·2025-06-09 03:33Market Overview - A-shares showed mixed performance with the Shanghai Composite Index up 0.04% at 3385.36 points, while the Shenzhen Component and ChiNext Index fell by 0.19% and 0.45% respectively[1] - The Hong Kong Hang Seng Index decreased by 0.48% to 23792.54 points, with the Hang Seng Tech Index and Hang Seng China Enterprises Index both down 0.63%[1] - The total market turnover in Hong Kong was HKD 235.62 billion[1] Economic Indicators - The U.S. non-farm payrolls increased by 139,000 in May, exceeding economists' expectations, while the unemployment rate remained stable at 4.2%[20] - The U.S. Treasury yields rose, with the 2-year Treasury yield increasing by 11.64 basis points to 4.0365% following the positive employment data[14] Trade Relations - U.S. and China officials are set to hold a new round of trade talks focusing on rare earth issues, following a recent phone call between the leaders of both countries[14] - President Trump has called for a 1% interest rate cut from the Federal Reserve, citing that Europe has already cut rates multiple times[14] Market Sentiment - The strong U.S. employment data has led traders to reduce their expectations for interest rate cuts this year, with the probability of a 25 basis point cut in September now estimated at around 70%[14] - The market is reacting cautiously to the ongoing trade tensions and economic uncertainties, with employers reportedly "stockpiling labor" amid concerns over tariffs and economic slowdown[14]