Global TradFi & Macroeconomics

On Tuesday (June 2), Barclays U.S. Convertible Bond ETF gained 1.20%, with emerging market ETF rising 1.03%, leading broad U.S. equity-linked funds. Russell 2000 Index ETF, U.S. Brent crude fund, and Dow ETF each gained at least 0.51%, while Nasdaq 100 ETF, U.S. real estate ETF, and 20+ year

The American Petroleum Institute (API) will release its weekly crude oil inventory report at 04:30 Beijing time on June 2. Non-API members can access the data details as early as around 04:32.

On Tuesday (June 2), semiconductor ETFs surged 4.01% to lead U.S. sector performance, while most other major sector ETFs posted modest gains. Utility, materials, and industrial ETFs gained up to 1.93%, tech sector ETFs rose 0.92%, and biotech ETFs fell 3.01%. Telecom stocks declined 2.61%, with

According to the European Central Bank report released on June 2, gold accounted for 27% of global official reserve assets as of end-2025, surpassing U.S. Treasury holdings at 22%. Gold is now the largest component of global official reserves, marking a significant shift in reserve asset

Morningstar analysts valued SpaceX at $780 billion, less than half of the $1.75 trillion valuation the Elon Musk-led company is reportedly targeting in its planned initial public offering. The estimate provides a skeptical counterpoint ahead of SpaceX's expected IPO roadshow, with Morningstar

According to Jin10, U.S. stock markets closed mixed on Tuesday, June 3, with the Dow up 0.45%, the S&P 500 up 0.1%, and the Nasdaq up marginally. Marvell Technology (MRVL.O) led gains with a 32% surge. Tech giants Microsoft (MSFT.O) and Google (GOOG.O) each fell nearly 4%. China-focused equities al

According to Morningstar analysis, SpaceX has been valued at $780 billion, significantly below the company's reported $1.75 trillion initial public offering target. The estimate positions SpaceX well above its secondary trading valuation of $1.53 trillion on Forge Global, yet well below what the

According to a letter sent Monday, Senators Bernie Sanders (I-VT) and Elizabeth Warren (D-MA) urged the Labor Department to drop a proposal that would allow fiduciaries to offer crypto and other alternative assets in 401(k) retirement plans. The lawmakers argue the rule weakens fiduciary standards a

On June 2, the S&P 500 closed up 0.1%, with utilities, materials, energy and industrials gaining at least 1%, while telecommunications declined 2.6%. The Nasdaq-100 rose 0.5%, with semiconductor stocks leading gains: Marvell Technology surged 32.2%, Lumentum jumped 13.9%, and Applied Materials

According to Jin10, the U.S. Dollar Index, which measures the greenback against six major currencies, rose 0.02% on June 2, closing at 99.219 in New York forex trading. Against the six currencies: EUR/USD fell to 1.1628

According to Bloomberg data, grain futures declined on Tuesday's New York close (June 2), with the Bloomberg Commodity Grain Index falling 1.15% to 30.6268. CBOT wheat futures dropped 1.00%, while CBOT soybeans fell 1.35% to $11.6450 per bushel. CBOT corn futures declined 0.90%. In contrast, New Yor

Fifteen defendants, including lawyer Nicolo Nourafchan who previously worked at Sidley Austin, Latham & Watkins, and Goodwin Procter, pleaded not guilty on Monday to charges tied to an alleged decade-long insider trading scheme built around confidential merger information. Prosecutors allege Nourafc

On Monday, 15 defendants, including attorneys who worked at major U.S. law firms such as Sidley Austin, Latham & Watkins, and Goodwin Procter, pleaded not guilty to securities fraud charges tied to an alleged insider trading scheme centered on confidential merger information. Nicolo Nourafchan, a la

On Tuesday, June 2, at the New York close, the ICE Dollar Index held flat at 99.205, with intraday trading range of 99.049-99.329. Bloomberg Dollar Index declined 0.03% to 1201.62, trading within 1200.43-1202.78. USD/JPY rose 0.16% to 159.92 yen, with intraday range of 159.60-159.99.

Bitwise Chief Investment Officer Matt Hougan characterized crypto as a 'contrarian bet' in a weekly memo published Tuesday, citing competing opportunities in AI stocks and a Nasdaq-100 up 43% year-over-year. Hougan stated crypto is undergoing a 'painful metamorphosis: from momentum trade to contrari

According to Bitwise Chief Investment Officer Matt Hougan in a weekly memo on Tuesday, crypto has shifted from a momentum trade to a "contrarian bet" amid strong stock market gains. "Who needs crypto when the Nasdaq-100 is up 43% year-over-year?" Hougan wrote, noting that AI and other

According to Goldman Sachs CEO David Solomon, stock market gains are being driven by appetite for profits that outweighs concerns over economic disruption and inflation risks. Solomon noted that greed sentiment currently dominates over fear in markets, with ample liquidity available. He also