Market analysis on June 19

Due to the US stock market closure last night, the market focus turned to Europe. The pan-European stock index experienced a decline, particularly in the real estate and technology sectors, which each fell by more than 1%, while the mining sector closed in reverse. This supported the rise in the UK stock market for the second day in a row. Key European economic data, particularly the UK's inflation index, showed higher than expected levels, leading to lower European bond prices and higher yields. This change is reflected in British bond yields. In particular, two-year British bond yields have rebounded from a three-month low.

Furthermore, the UK's high inflation data caused the pound to reach an intraday high after the data was released, while the US dollar index turned down. In the commodity market, crude oil prices have declined, and Brent crude oil prices have temporarily left their seven-week closing high. This is related to the fact that US crude oil inventories are expected to increase for the third consecutive week. Gold prices also declined slightly, while lunzine rose for three consecutive days, reaching a one-week high. Copper prices are also gradually breaking away from their one-month low.

In the Chinese market, A-shares showed a volatile downward trend, while Hong Kong stocks rose sharply, reaching 3%, with Station B rising significantly by 19%. Meanwhile, 10-year treasury bond futures continued to reach new highs. The offshore RMB exchange rate against the US dollar fell again and fell below the 7.27 mark, hitting a new low in two months. These developments suggest that, despite the uncertainty and pressure on the global economy, markets are still showing resilience and vitality in some regions.

The Malaysian stock market opened slightly fatigued today, with about 600 stocks falling less than an hour after opening. When it falls, don't panic, implement your original strategy, and wait for the market to give you an answer. Go for it, everyone.

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Crossing Malaysia through the US 2.0 offline sharing session (Johor Bahru, Selong)