US market outlook: US core CPI suggests inflation suppression for 2 consecutive months, the Dow average starts at $203 higher

US May CPI rose 3.3% year over year, lower than market expectations
The US Bureau of Labor Statistics made the announcementUS Consumer Price Index (CPI) for MayIsUp 3.3% year over year、Below market expectations of 3.4%. The previous quarter was up 3.4%.

Apple 7% higher! Is the next step to become the world leader in terms of market capitalization?
● 11th, $Apple(AAPL.US)$ The stock price hit the 200 dollar mark and hit a new high. The closing price rose close to 7.3%, the biggest increase since 2022/11/10, and the total market value increased by about 215 billion dollars, making it the largest daily market capitalization increase in the company's history.
● Apple stocks have risen 25% or more from the low in April this year, and have entered a technical bull market. Due to the current rebound, the total market value has increased by more than 500 billion dollars, and the total market value has also returned to 3 trillion dollars.

Tesla RoboTaxi won't bring in real revenue “for the next few years” = JPMorgan Chase
According to JP Morgan, fully driverless driving technology $Tesla(TSLA.US)$ It is the biggest challenge facing the Robotaxi project, and next-generation production platforms, uncertain regulatory environments, and pending infrastructure are also making commercialization difficult.

Global oil market was drastically oversupplied at the end of the 20s = IEA Monthly Report
● The International Energy Agency (IEA) indicated in a report published on the 12th that global oil supply and demand will be drastically oversupplied by the end of the 2020s. As supply expands greatly while growth in demand slows, surplus production capacity is expected to reach a level seen at the beginning of the novel coronavirus epidemic.
● As the introduction of clean energy technology accelerates, oil demand is expected to shrink to 105.4 million barrels per day in 2030. Meanwhile, oil production capacity is expected to expand to close to 113.8 million barrels per day, with producers in the US and the Americas taking the lead.
● Although the pace of increase in demand is slowing down, demand from Asian countries, starting with India and China, is leading the way, and demand is expected to increase by 3.2 million barrels per day in 30 compared to 23 years. Meanwhile, it was pointed out that demand suppression effects due to increased sales of electric vehicles (EVs), improvements in fuel efficiency, and use of renewable energy in power generation will increase.