Group 1 - China's CPI and PPI data for May 2025 will be released on June 9 [1] - China has implemented a visa exemption policy for citizens of Saudi Arabia, Oman, Kuwait, and Bahrain, effective from June 9, 2025, to June 8, 2026, allowing stays of up to 30 days without a visa [2] - A total of 4.19 billion shares worth 17.922 billion yuan will be unlocked today from 13 companies, with significant unlocks from Zeyu Intelligent, Yueneng Technology, and Huahai Qingke [3] - Three companies have disclosed stock repurchase progress, with two companies completing repurchases exceeding 10 million yuan [4] - Upcoming data releases include the U.S. wholesale inventory month-on-month rate and Singapore's May foreign exchange reserves [5]

Economic Growth Indicators - The Guosen High-Frequency Macro Diffusion Index A remains negative, while Index B continues to decline, indicating weak economic growth momentum[1] - The standardized Index B decreased by 0.43, underperforming historical averages, suggesting a weak domestic economic growth rate[1] - Investment and real estate sectors show signs of decline, while consumer sector stability is maintained[12] Price Trends - Food prices have slightly increased, while non-food prices have slightly decreased; May CPI is expected to decline to -0.4% year-on-year[2] - The PPI is projected to decrease by approximately 0.3% month-on-month, with a year-on-year drop to -3.2%[2] Asset Price Predictions - Current domestic interest rates are low, and the Shanghai Composite Index is high; predictions indicate a rise in the ten-year government bond yield and a decline in the Shanghai Composite Index for the week of June 13, 2025[1][18] - The predicted ten-year government bond yield for the week of June 13, 2025, is 2.21%, while the Shanghai Composite Index is expected to be 3,094.40[19]

Economic Growth Indicators - The Guosen High-frequency Macro Diffusion Index A remains negative, while Index B continues to decline, indicating weak economic growth momentum[1] - The standardized Index B decreased by 0.43, underperforming historical averages, suggesting a weak domestic economic growth rate[1] - Investment and real estate sectors show a decline in activity, while consumer sector performance remains stable[12] Price Trends - Food prices have slightly increased, while non-food prices have slightly decreased; May CPI is expected to show a month-on-month decline of approximately -0.4%[2] - The PPI is projected to decline by about -0.3% month-on-month, with a year-on-year drop to -3.2%[2] Asset Price Predictions - Current domestic interest rates are low, and the Shanghai Composite Index is high; predictions indicate a rise in the ten-year government bond yield and a decline in the Shanghai Composite Index for the week of June 13, 2025[1][18] - The predicted ten-year government bond yield for the week of June 13, 2025, is 2.21%, while the Shanghai Composite Index is expected to be 3,094.40[19]

存在一种同样可能出现的情景，即关税对价格的影响将持续更长时间。 如果贸易和财政政策的不确定性在7月份消失，官员们或可受益于这种乐观情景。（英国金融时报） 美联储穆萨莱姆称关税可能推高CPI一至两个季度。 ...

智通财经6月6日电，越南5月CPI同比上涨3.24%，预估上涨3.20%。 ...

Core Insights - The China Commodity Price Index (CBPI) for May 2025 is reported at 110.3 points, reflecting a month-on-month increase of 0.3% but a year-on-year decrease of 7.2% [1][3] - The index shows signs of stabilization and improvement due to a temporary easing of US-China trade tariffs, which has restored some market confidence [1][3] - Despite the recovery in global commodity prices, external uncertainties and insufficient effective demand remain significant challenges for various industries [1][3] Price Index Summary - The CBPI increased from 109.9 points in April to 110.3 points in May, with a month-on-month rise of 0.4 points [3] - The energy price index decreased to 96.3 points, down 2.1% month-on-month and down 14.9% year-on-year [3][4] - The chemical price index rebounded to 102.8 points, with a month-on-month increase of 0.5% but a year-on-year decline of 13.7% [3][4] - The black metal price index fell to 78.7 points, down 0.8% month-on-month and down 11.4% year-on-year [3][4] - The non-ferrous metal price index rose slightly to 127.7 points, up 0.9% month-on-month but down 5.2% year-on-year [3][4] - The agricultural product price index increased to 98.2 points, with a month-on-month rise of 0.5% and a year-on-year increase of 2% [3][4] Commodity Price Movements - Among 50 monitored commodities, 32 (64%) saw price declines while 17 (34%) experienced price increases in May [5] - The top three commodities with price increases were PTA (up 9.5%), ethylene glycol (up 4.6%), and corn (up 4.3%) [5] - The largest price declines were observed in industrial silicon (down 10.2%), lithium carbonate (down 10%), and soybean meal (down 9.9%) [5]

4月货物发送量同比增长1.6%。 3月薪资同比增长0.1%，预期增长0.5%。 俄罗斯6月2日当周CPI周环比上升0.05%，2025年迄今累计上升3.39%。 4月零售销售同比增长1.9%，预期上升2.9%。 4月失业率2.3%，符合市场预期。 4月建筑活动同比增长7.9%。 ...

Production Side - As of the fourth week of May, the national blast furnace operating rate was 83.89%, up 0.26 percentage points from the previous month[3] - The rebar operating rate was 42.64%, increasing by 0.83 percentage points month-on-month[3] - The cement mill operating rate was at a low level of 41.83%, down 0.40 percentage points from the previous month[3] - The inventory of rebar was 186.42 million tons, down 0.69 percentage points month-on-month[3] Demand Side - In May, the sales area of commercial housing in 30 cities was 201.56 million square meters, down 2.12% month-on-month[60] - The land transaction area was 903.48 million square meters, down 5.97% month-on-month[60] - The average daily sales of passenger cars were 60,823 units, up 18.85% month-on-month[89] Price Trends - The average price of cement was 368.33 yuan/ton, down 1.61% month-on-month[72] - The price of rebar was 3,077.13 yuan/ton, down 2.36% month-on-month[73] - The PPI for copper was 77,042 yuan/ton, down 0.58% month-on-month[99]

Core Viewpoint - The Bank of Korea indicates that inflation rates in the second half of the year will be at the upper end of the 1% range, with June's Consumer Price Index (CPI) potentially rising due to base effects [1] Group 1: Inflation Outlook - Inflation may slow down in the second half of the year due to falling oil prices and weak demand [1] - The CPI in June could see an increase influenced by base effects [1]

Core Viewpoint - The Bank of Korea indicates that the Consumer Price Index (CPI) for June may rise due to base effects [1] Group 1 - The Bank of Korea is anticipating an increase in the CPI for June, attributing this to the base effect from the previous year [1]