On June 1, WTI crude oil surged 3% within the day, currently priced at $92.94 per barrel. WTI crude oil futures have surpassed $91 per barrel, with an intraday increase of 4.17%.
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WTI Crude Oil Surges 3% in One Day
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Yushu Technology IPO Approved on STAR Market
On June 1, the Listing Review Committee of the Shanghai Stock Exchange held its 31st meeting of 2026 to review listings. The results show that Yushu Technology Co., Ltd.'s initial public offering meets the requirements for issuance, listing, and information disclosure. -
Bank of America: Bull-Bear Indicator Rises to 8.5, Triggering 'Sell' Signal, Warns of Imminent Global Market Correction
On June 1, as market speculation continues to surge, Bank of America's bull-bear indicator has climbed from 8.0 to 8.5, signaling a 'sell' signal. The report warns that since 2002, this indicator has triggered sell signals 17 times, with global stock markets averaging a decline of 2% to 3% within 2 to 3 months, and maximum corrections reaching 15% to 20%. Bank of America points out that the recent spike in the bull-bear indicator is primarily driven by strong inflows into high-yield bonds (HY) and emerging market debt, alongside the bank's global breadth rule indicating that the market is 'overbought,' with a net 57% of stock indices trading above their 50-day and 200-day moving averages. Despite the S&P 500 index reaching new highs, the market structure is extremely fragile. Currently, only 21 stocks (about 4%) in the index have reached new highs, a figure reminiscent of the 20 stocks at the peak of the dot-com bubble in March 2000. Additionally, 222 stocks in the index have fallen over 20% from their highs, with 109 of those down more than 40%. Institutions and global funds have begun to withdraw. Last week, global stocks recorded a net outflow of $7 billion, marking the first outflow in nine weeks. Among these, the Japanese stock market saw an outflow of $8.2 billion, the largest single-week outflow since May 2025. In the face of a late-stage bubble market, Bank of America has provided a historical investment roadmap since 1929—advocating for the purchase of long-term bonds (historically, the median yield of 10-year Treasury bonds declines by 45 basis points within six months after the market peaks) and deploying defensive sectors, or sectors that have performed extremely poorly at the end of a bubble, while avoiding previously overhyped assets. -
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BTC Falls Below $73,000
Market data shows that BTC has fallen below $73,000, currently priced at $72,995.17, with a 24-hour decline of 1.45%. The market is experiencing significant volatility, so please ensure proper risk management. -
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ETH Falls Below $2000
Market data shows that ETH has fallen below $2000, currently priced at $1999.92, with a 24-hour decline of 1.57%. The market is experiencing significant volatility, so please ensure proper risk management. -
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Intensive US-Iran Negotiations Over Ceasefire Agreement Amid Israeli Strikes on Lebanon
On June 1, the United States and Iran exchanged information over the weekend, seeking to modify a draft agreement aimed at extending a ceasefire and reopening the Strait of Hormuz; however, it remains unclear whether substantial progress has been made on key issues. As diplomatic negotiations continue, Israel has further expanded its ground military operations against Lebanon, jeopardizing the already fragile ceasefire arrangement. President Donald Trump has not commented on the Iran issue since he indicated last Friday during a White House Situation Room meeting that he expected to announce an agreement. Earlier that day, he reiterated his demands on social media, including Iran's suspension of its nuclear program and the complete restoration of the Strait of Hormuz to its previous status as a free international waterway. The semi-official Tasnim News Agency, closely linked to the Iranian Revolutionary Guard, reported on Sunday that both sides are still proposing amendments, but noted that the US and Iran may ultimately reject these modifications, leading to a breakdown of the overall agreement. According to Tasnim, Iranian Foreign Minister Abbas Araghchi stated that talks and information exchanges are ongoing, and it is premature to make judgments before reaching a final outcome. He emphasized that everything being said now is merely speculation and should not be overinterpreted. Meanwhile, Israel has launched its most extensive attacks on Lebanon in 25 years, while Iran's key regional ally, Hezbollah, has intensified its attacks on northern Israel. (Sina Finance) -
Key Events and Data Forecast for This Week: Non-Farm Payrolls, SpaceX Roadshow, OPEC+ Meeting
On June 1, the key events and data forecast for this week are as follows: 1. Monday: ① Earnings report: Meituan; ② Yushutech's IPO meeting on the Sci-Tech Innovation Board; ③ NVIDIA GTC Taipei 2026 conference opens, with Jensen Huang delivering a keynote speech. 2. Tuesday: ① Data: Eurozone May CPI preliminary value, U.S. April JOLTs job openings; ② Earnings report: Tiger Brokers; ③ Federal Reserve officials Kashkari and Harker speak; ④ Bank of England Governor Bailey attends House of Lords hearing; ⑤ South Korean media holds high-level security talks; ⑥ ComputeX conference. 3. Wednesday: ① Data: U.S. API and EIA crude oil inventories, U.S. May ADP employment figures; ② Bank of Japan Governor Ueda speaks; ③ The 19th SNEC Shanghai Photovoltaic Exhibition takes place; ④ South Korean stock market closed for local election day; ⑤ U.S. Treasury Secretary Yellen testifies before Senate committee on the fiscal budget; ⑥ Japanese government submits supplementary budget proposal to Parliament. 4. Thursday: ① Data: Eurozone April retail sales month-on-month, U.S. May Challenger job cuts, initial jobless claims, and EIA natural gas inventories; ② Federal Reserve releases Beige Book on economic conditions; ③ Domestic refined oil to enter a new round of price adjustment window; ④ European Central Bank President Lagarde speaks; ⑤ Bank of England Governor Bailey speaks at the Investment Association meeting; ⑥ SpaceX to launch IPO roadshow as early as June 4. 5. Friday: ① Data: France April trade balance, Eurozone Q1 GDP year-on-year revision, Canada May employment figures, U.S. May seasonally adjusted non-farm payrolls and unemployment rate, U.S. May average hourly earnings; ② Saudi Aramco announces official crude oil prices around the 5th of each month; ③ Federal Reserve official Daly speaks; ④ Domestic airline fuel surcharge reduced. 6. Saturday: ① U.S. oil rig count for the week ending June 5; ② CFTC releases weekly positions report; ③ Bank of England Governor Bailey speaks. 7. Sunday: ① China's May foreign exchange reserves; ② OPEC and non-OPEC oil-producing countries hold ministerial monitoring committee meeting. (Jin Shi) -
Iranian President Submits Resignation Request to Supreme Leader's Office
On June 1, according to a report from Iran International TV based in London, Iranian President Ebrahim Raisi has submitted a resignation request to the Supreme Leader's office through an official letter, as revealed by an informed source. The source stated that Raisi emphasized in the letter sent on Sunday that the president and the government have effectively been excluded from the major and critical decision-making processes of the country. This situation has created a power vacuum that allows hardline factions within the Islamic Revolutionary Guard Corps to control the situation. Raisi added that under these circumstances, he is unable to manage the government and fulfill his legal responsibilities, thus he has requested to resign immediately. It remains unclear whether Supreme Leader Ali Khamenei will accept the president's resignation, but the content of the letter indicates a profound and unprecedented rift at the highest levels of power.
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