Core Points - The White House acknowledges that high interest rates remain a significant issue [1] - President Trump previously wrote a letter to Jerome Powell requesting a reduction in interest rates [1] - Powell's actions to address the situation were deemed too late [1]

Core Viewpoint - Nornickel anticipates a decline in financial performance for the year due to low metal prices, high interest rates, a strong ruble, and global trade disputes [1] Group 1: Financial Performance - Nornickel expects significant negative impacts on financial indicators due to high geopolitical uncertainty, escalating trade disputes, risks of global economic slowdown, and tightening monetary policies [1] - The company faces challenges from a strong ruble, low metal prices, inflation, and high debt servicing costs [1] - The Russian central bank's key interest rate of 20% is seen as a major drag on the economy, leading to a substantial slowdown this year [1] Group 2: Investment and Dividends - Difficult conditions have forced Nornickel to reduce investments and postpone certain projects [1] - The board of directors has recommended not to pay dividends for the 2024 performance, stating that increasing debt levels to pay dividends is inappropriate [1] Group 3: Market Outlook - Nornickel's vice president, Anton Berlin, predicts that the palladium market will remain balanced in 2025, while the nickel market will be oversupplied [2] - The automotive industry, a major consumer of these metals, is still in crisis [2] - Berlin criticized Indonesia for flooding the global market with cheap nickel, harming other producers, and noted that approximately 40% of nickel producers are currently operating at a loss [2] - Nornickel aims to ensure that global trade disputes do not affect its export volumes and intends to sell all of its produced products [2]

Group 1 - The core point of the article highlights a significant decline in new single-family home sales in the U.S., with a month-over-month drop of 13.7%, marking the largest decrease in nearly three years, and an annualized sales rate of 623,000 units, the lowest since October 2023 [1][3] - The decline in sales is attributed to high interest rates, with the 30-year fixed mortgage rate hovering around 7%, leading to increased monthly payment pressures for first-time homebuyers and a reduction in their borrowing capacity [3] - Rising construction costs due to tariffs on materials and labor shortages are further exacerbating the affordability crisis, making it difficult for buyers to enter the market despite increased inventory [3][4] Group 2 - The labor market's changes are impacting buyer sentiment, with a slowdown in hiring across various sectors and recent layoffs causing households to adopt a more conservative outlook on future income stability [3] - The Federal Reserve has not indicated a clear path for interest rate cuts, with inflation data not yet returning to the 2% target, suggesting that high interest rates may persist until the end of the year [4] - The decline in new home sales could negatively affect other macroeconomic indicators such as building permits, new housing starts, and housing-related consumer spending, potentially weakening the foundation of the U.S. economic recovery [4]

标准普尔道琼斯指数公司固定收益和大宗商品主管Nicholas Godec表示："我们正在见证一个转型中的住 房市场。房价普遍快速上涨的时代似乎已经结束，取而代之的是一个更具选择性的环境，当地基本面因 素比全国性趋势更为重要。" 更多卖家开始挂牌出售房屋，这对许多长期住房供应紧张的美国城市来说是一种可喜的缓解。根据凯投 宏观的说法，尽管市场供应进一步宽松可能会帮助抑制价格上涨，但更有可能只是令涨幅维持在较低水 平。该公司助理经济学家Harry Chambers表示："我们的基本预期是，房价仍将继续上涨，但短期内涨 幅将放缓。" 据悉，在美国20个主要城市中，纽约的房价同比涨幅最大，为7.9%;芝加哥房价同比上涨6%，底特律房 价同比上涨5.5%。仅有两个大都市出现房价同比下跌——坦帕房价同比下跌2.2%，达拉斯房价同比下 跌0.2%。Nicholas Godec指出："可负担能力问题对此前过热的市场打击最为严重，而价格水平相对合 理、历来稳定的市场则重新吸引了投资兴趣。" 智通财经APP获悉，由于买家减少，美国4月份房价涨幅放缓。标准普尔CoreLogic Case-Shiller的数据显 示，4月全美房价指数 ...

摘要现货黄金周一（6月16日）日K收跌，美市尾盘，现货黄金收报3384.54美元/盎司，下跌47.45美元或 1.38%，日内最高上探3450.98美元/盎司，最低触及3382.39美元/盎司。 现货黄金周一（6月16日）日K收跌，美市尾盘，现货黄金收报3384.54美元/盎司，下跌47.45美元或 1.38%，日内最高上探3450.98美元/盎司，最低触及3382.39美元/盎司。 美国商品期货交易委员会(CFTC)数据显示，截至6月16日，黄金ETF持有量为941.93吨，较上一交易日 增持1.44吨。 黄金ETF最新持仓数据： 日期 净持仓量（盎司） 净持仓量（吨） 总价值（美元） 2025-06-16 30283869.19 941.93 102874736564.63 2025-06-13 30237796.99 940.49 103863080624.26 【要闻回顾】 美联储官员近期多次表达对通胀的担忧，特别是特朗普政府可能推出的关税政策可能推高物价。Meger 表示，当前经济面临从关税到地缘政治冲突的多重不确定性，美联储倾向于维持高利率以应对潜在通胀 风险。 周二即将公布的零售销售和进口价格数 ...

即使是高端购房者也未能免受高利率的压力——过去一年，高昂的抵押贷款成本抑制 了澳洲富人区的 房价增长。 根据Ray White定义，澳洲"富人区"门槛为：悉尼房价中位数超409万澳元，其他地 区超252万澳元。 过去一年，悉尼增长最快的富人区是Coogee-Clovelly，房价中位数上涨2.35%，达 445万澳元； CastleCove-Northbridge上涨2.16%，至419万澳元；Bondi Beach- North Bondi上涨2.02%，至419万澳元， 增幅均较为温和。 报告显示，墨尔本9个富人区的房价年涨幅在-0.58%至0.59%之间：Toorak房价中位 数微跌0.12%， Brighton下跌0.24%，Malvern-Glen Iris下跌0.58%。 （图片来源：《悉尼晨锋报》） | Region | City | Median house price | Annual change | | --- | --- | --- | --- | | Nedlands-Dalkeith- Crawley | Perth | $2,800,000 | 8.8% | | City Bea ...

Group 1 - The core viewpoint is that high interest rates are a significant factor driving the strengthening of the ruble [1]

Core Insights - The current spot price for 1 electrolytic copper in Shanghai is reported at 78,510.00 CNY per ton, with a premium of 640.00 CNY over the futures main price of 77,870.00 CNY per ton [1] - The futures market shows a slight decline, with the main contract closing at 77,870.00 CNY per ton, down 0.15%, with a trading volume of 73,407 lots on May 28 [2] Price Overview - The price list for 1 electrolytic copper shows various quotes: - Shanghai Huatuo: 78,510 CNY/ton - Guangdong Nanshu: 78,500 CNY/ton - Shanghai YS: 78,495 CNY/ton [2] Market Capacity and Inventory - In 2025, 29 major domestic copper strip and sheet processing enterprises have a combined effective capacity of 2.034 million tons, accounting for 48.7% of the national effective total capacity [3] - As of May 28, the Shanghai Futures Exchange recorded a copper futures warehouse receipt of 34,861 tons, a decrease of 100 tons from the previous trading day, with a cumulative reduction of 6,357 tons over the past week, representing a decrease of 15.42% [3] Market Analysis - The market is facing price suppression due to global economic weakness expectations driven by tariff policies, alongside a backdrop of a mild recession and high interest rates in the U.S. [4] - Support for prices is expected from tight copper raw material supply and potential new restocking demand following tariff easing [4] - Recent trends show a continuous reduction in LME and SHFE inventories, indicating that spot premiums and backwardation structures may persist for an extended period, supporting a strong price fluctuation [4]

智通财经APP获悉，家得宝(HD.US)最近一个季度的销售额低于预期，这表明消费者信心减弱和经济动 荡正在挤压支出。这家全球最大的家居装饰零售商表示，截至 5 月 4 日的三个月内，可比销售额下降了 0.3%，较上一季度有所放缓。 财报显示，家得宝一季度营收为 398.6 亿美元，同比增长 9.5%，高于市场预期；调整后每股收益为3.56 美元，不及预期的3.59美元。 家得宝重申其 2025 财年指引，该公司预计总销售额增长约2.8% ；可比 52 周销售额增长约 1.0%。 首席财务官理查德·麦克菲尔在接受采访时表示，虽然2月份因全国范围内的天气状况影响了当季销售， 但3月和4月的需求有所改善。当前季度的前几周销售继续保持积极态势。 他表示，"我们的消费者仍然告诉我们，利率环境仍然是一个考虑因素，他们表示目前正在推迟大型项 目，"并补充道消费者习惯保持稳定。家得宝约80%的客户是自有住房者。 家得宝对应对关税影响持更为乐观的态度，因为它继续与供应商密切合作以实现采购多元化。从现在起 的12个月内，美国以外的任何国家在其采购中的占比都不会超过10%。麦克菲尔表示，这将有助于公司 总体上保持当前的定价水平，同 ...

冰雪皇后的全称是国际冰雪皇后公司(InternationalDairyQueen)，总部位于明尼苏达州布卢明顿。目前， 该品牌在美国拥有超4100家门店，全球业务覆盖20个国家，门店总数超7700家，其中在中国的门店数量 超过1600家，仅去年新开设的419家门店中，就有约三分之二位于中国。 2024年，冰雪皇后的总销售额从2023年的61亿美元攀升至64亿美元。 但巴德尔认为，冰雪皇后无需过度反应，他强调关税带来的威胁范围时常变动。巴德尔说道，"放眼我 们最大的市场——美国，我认为局面完全可控，""我们的大部分产品和原料都在美国本土种植、生产、 加工与配送。" 巴德尔于5月2日接受采访，次日沃伦·巴菲特便宣布了辞去伯克希尔首席执行官一职的计划。 麦当劳(MCD.US)、ChipotleMexicanGrill(CMG.US)、达美乐披萨(DPZ.US)和星巴克(SBUX.US)等竞争对 手均表示，美国人在外就餐的消费支出正在减少。他们指出，这一现象反映出消费者担忧唐纳德·特朗 普推行的关税政策将大幅蚕食他们的收入与储蓄，增加生活成本并影响经济状况。 巴德尔表示，冰雪皇后不会提高加盟商的成本，但那些新建门店或 ...