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June 5th - According to data compiled by the China Association of Automobile Manufacturers from the General Administration of Customs, in April 2026, the import value of auto parts reached US$1.67 billion, a month-on-month increase of 10.0% and a year-on-year decrease of 2.1%. From January to April 2026, the import value of auto parts reached US$6.5 billion, a year-on-year increase of 2.7%.The head of Sberbank, Russia, said that under the current circumstances, Russias continued growth "is already a miracle."Chart: Speculative Sentiment Index on Friday, June 5, 2026Futures News, June 5th: Shanghai Futures Exchange (SHFE) Energy and Chemical Warehouse Receipts and Changes on June 5th: 1. Pulp futures warehouse receipts: 228,812 tons, a decrease of 3,929 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 957 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,520 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 36,160 tons, unchanged compared to the previous trading day. 6. Petroleum asphalt futures warehouse receipts: 21,120 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 96,220 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 2,961,000 barrels, a decrease of 550,000 barrels from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.On Friday, June 5th, the German DAX 30 index opened down 39.09 points, or 0.16%, at 24877.10; the UK FTSE 100 index opened down 4.29 points, or 0.04%, at 10356.03; the French CAC 40 index opened up 16.61 points, or 0.20%, at 8260.90; the Euro Stoxx 50 index opened down 11.73 points, or 0.19%, at 6091.60; the Spanish IBEX 35 index opened up 59.63 points, or 0.33%, at 18333.73; and the Italian FTSE MIB index opened up 30.14 points, or 0.06%, at 50204.50.

The USD/CNH Exchange Rate Fluctuates Around 6.9000 As Focus Shifts To PBoC Policy

Daniel Rogers

Mar 17, 2023 13:53

Throughout the Asian session, the USD/CNH has maintained a range near 6.9000. Before taking action on the main, investors are awaiting the People's Bank of China's (PBOC) interest rate decision on Monday.

 

After a strong recovery on Thursday, S&P500 futures are exhibiting minimal losses in the Asian session, indicating a rise in market participants' risk appetite. The US Dollar Index (DXY) has escaped the tight consolidation between 104.30 and 104.60. Investors' skepticism regarding the Federal Reserve's (Fed) prospective monetary policy has diminished the appeal of the USD Index in the wake of a decline in U.S. inflation and escalating banking turmoil.

 

Following an optimistic recovery in 500-US stock basket futures, lethargic demand for US government bonds has increased the returns on the same. The yields on 10-year Treasury notes have surpassed 3.59 percent.

 

In the future, emphasis will be placed on the release of the PBoC's monetary policy decision. Economists from the UOB Group speculate that the PBoC may reduce the Loan Prime Rate (LPR) at its March 20 meeting. The 1Y loan prime rate (LPR) could fall to 3.55 percent and the 5Y loan prime rate (LPR) could fall to 4.20 percent after the National People's Congress (NPC). This is due to the need for additional measures to support the actual economy and the wish to increase housing demand.

 

In addition, an upward revision of China's projected Gross Domestic Product (GDP) would strengthen the Chinese Yuan. Goldman Sachs has increased its GDP forecast for China for 2023 from 5.5% to 6%.

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