#May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be
Changshan Pharmaceutical reaches a new high, with a net purchase of 202 million yuan via the Shenzhen-Hong Kong Stock Connect.
Golden Ten Data reported on June 6 that Changshan Pharmaceutical rose 15.12% today, with a record share price of 7.54% and a turnover of 2.895 billion yuan. According to the data of the Dragon and Tiger List, Shenzhen Stock Connect bought 287 million yuan, sold 84.91 million yuan, and bought 202 million yuan. The seats on the list bought 573 million yuan and sold 380 million yuan throughout the day, with a total net purchase of 192 million yuan.