EUR/USD
1.15063
0.041%
Gold
4273.58
0.372%
Oil
75.170
0.303%
USD/JPY
160.578
-0.047%
GBP/USD
1.32992
0.049%
GBP/JPY
213.561
0.000%
Real-time News
Photo: US President Donald Trump signs a memorandum of understanding between the US and Iran at the Palace of Versailles in France.Futures News, June 18th - According to foreign media reports, copper prices on the London Metal Exchange (LME) rose for the fourth consecutive day on Wednesday, mainly boosted by optimism surrounding the US-Iran peace agreement. Market expectations that the Federal Reserve will maintain higher interest rates for a longer period limited the gains in copper prices. LME three-month copper rose 0.25% to $13,810 per tonne. Following the peace agreement between the US and Iran, international oil prices have fallen by about 9% so far this week, easing market concerns about inflation and economic growth, and improving investor risk appetite. On Wednesday, LME three-month aluminum rose 0.8% to $3,414.50 per tonne, as bargain hunting pushed prices back from the sharp drop earlier in the week. Aluminum prices had fallen to $3,344 in the previous trading day, a two-and-a-half-month low, as the US-Iran peace agreement eased market concerns about disruptions to Middle Eastern aluminum supplies. Earlier this month, LME aluminum prices rose to a four-year high as the war essentially disrupted shipping through the Strait of Hormuz, forcing several smelters in the Gulf region (which accounts for about 9% of global aluminum production capacity) to cut production, as aluminum exports through the strait and imports of aluminum raw materials were disrupted.Nasdaq futures extended gains to 1% in early trading, while S&P 500 futures rose 0.6%.Artificial Intelligence: 1. The European Central Bank President warned of the risk of a financial crisis triggered by artificial intelligence. 2. French President Macron: The G7 unanimously agreed to establish an artificial intelligence cooperation platform. 3. Alibaba released HappyOyster 1.0, an open-world model product that can be built and interacted with in real time. 4. Trump: Negotiations regarding Anthropic are progressing well. Integrated Circuits (Chips): 1. LG Innotek plans to further expand the production of FCBGA substrates. 2. The US allocated $500 million to SandboxAQ to find new chip manufacturing materials. 3. TSMC and Amkor reached a 10-year cooperation agreement on advanced packaging capacity in Arizona. 4. Reports indicate that Google and AMD are considering outsourcing the production of future CPU processors to Samsung. 5. Nokia will significantly expand its advanced testing and packaging plant in Pennsylvania, USA, to support the development of the AI industry. 6. Reports indicate that Samsung Electronics showcased the worlds first 5nm MRAM development results, aiming for mass production in 2027. 7. Reports indicate that Apples next-generation flagship chip, the A22 Pro, may use TSMCs 1.4nm process and is expected to launch in 2028. 8. ByteDance reportedly ramps up its domestic computing power: in talks to purchase 50,000 inference chips from Tianshu Zhixin, with major internet companies racing to build computing infrastructure. Other: 1. Cook: Memory prices are rising, Apple products will increase in price. 2. Rumors circulating online that eight automakers vehicle manufacturing licenses have been permanently revoked are false. 3. my country successfully launched 22 low-orbit satellites for its satellite internet. 4. The US cargo "Dragon" spacecraft returned to Earth carrying scientific samples. 5. The Lijian-1 Y15 carrier rocket successfully rolled off the production line and is scheduled to carry out a "one rocket, five satellites" launch mission soon. 6. Several domestically produced high-speed optical communication chips have entered mass production; domestic optical fiber production capacity is projected to extend to 2027. June 18th - According to CNN, the English version of the 14-point US-Iran memorandum of understanding is less than 800 words, leaving many details for later additions, including the sensitive issue of Irans nuclear program. However, the memorandum does promise substantial funding for Iran—by lifting sanctions, Iran could sell oil to the world and potentially gain access to billions of dollars in frozen assets and $300 billion in financing support. The Trump administration is keen on reaching "multi-point" agreements. The agreement aimed at ending hostilities in the Gaza Strip was a 20-point plan, while the failed plan to end the Russia-Ukraine conflict was a 28-point plan.
