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Real-time News
On June 29th, local time, Elon Musk posted on his social media platform X that the latest generation of its large language model, Grok 4.5, has officially begun beta testing within SpaceX and Tesla before wider rollout. Musk also stated that SpaceX plans to release a completely new AI model "trained from scratch" each month for the remainder of the year. This statement suggests that future versions may not be simple improvements to existing systems, but rather entirely new foundational models built through entirely new training.Hong Kong-listed robotics stocks rallied in the afternoon, with Horizon Robotics (09660.HK) surging over 15%, Hesai-W (02525.HK) rising over 5%, and MicroPort Robotics (02252.HK) and RoboSense (02498.HK) following suit.Bank of England Chief Economist Peel: Monetary policy has not been tight enough in the past few years.June 29th news: From June 22nd to June 28th, the national logistics operation data is as follows: National railway freight transported 80.026 million tons, a decrease of 0.89% compared to the previous period; 54.793 million trucks passed through national expressways, an increase of 8.91% compared to the previous period; monitored ports completed a cargo throughput of 270.279 million tons, an increase of 3.09% compared to the previous period, and a container throughput of 7.215 million TEUs, an increase of 5.27% compared to the previous period; civil aviation handled 122,000 flights (including 5,118 cargo flights, of which 3,378 were international cargo flights and 1,740 were domestic cargo flights), an increase of 4.90% compared to the previous period; postal and express delivery collection volume was approximately 3.892 billion pieces, a decrease of 4.70% compared to the previous period; delivery volume was approximately 3.909 billion pieces, a decrease of 4.98% compared to the previous period.June 29th - Thomas Mathews, Head of Asia Pacific Markets at Capital Economics, stated in a report that the rally in US Treasuries that previously drove yields lower is expected to lose momentum, while German bonds may rise further. He said that US Treasuries face some key tests this week. He pointed out that one of the key reasons for the Federal Reserves rate cuts is to protect the health of the labor market. "But labor market momentum has strengthened recently, and we expect the US June jobs report, to be released later this week, to be strong again," Mathews said. It is becoming increasingly clear that labor market conditions will not be a reason to postpone tightening policy. "This may be the biggest risk facing US Treasuries in the near term, but it is not the only risk."
