Mingyou Morning Overview: Looking around 106700-106200, aiming for 107800-108700

Mingyou Morning Overview: Looking around 2400-2380, aiming for 2450-2480

Summary of Important News (June 28)

Domestic News:

1. The central bank held the second quarter regular meeting, suggesting to strengthen the intensity of monetary policy regulation.

2. The Securities Regulatory Commission seriously investigated cases of financial fraud, holding responsible parties accountable for the first time in cases of collusion.

3. Shanghai and Shenzhen Stock Exchanges: plan to adjust the price fluctuation limit ratio for risk warning stocks on the main board to 10%.

4. Foreign Minister Wang Yi will visit the EU headquarters from June 30 to July 6 and hold the 13th round of high-level Sino-European strategic dialogue.

5. National Bureau of Statistics: From January to May, large-scale industrial enterprises nationwide achieved a total profit of 27,204.3 billion yuan, a year-on-year decrease of 1.1%.

6. Ministry of Finance: From January to May, the total operating income of state-owned and state-controlled enterprises nationwide decreased by 0.1% year-on-year, and the total profit decreased by 2.8% year-on-year.

7. The 16th meeting of the Standing Committee of the 14th National People's Congress concluded in Beijing, voting to pass the newly revised Public Security Administration Punishment Law and the newly revised Anti-Unfair Competition Law.

8. Ministry of Commerce spokesperson answered reporters' questions about the Sino-U.S. London framework: China will approve the export applications for controlled items that meet the conditions in accordance with the law, and the U.S. will correspondingly lift a series of restrictive measures against China.

International News:

1. The S&P 500 index and Nasdaq both hit new highs.

2. OPEC+ will consider significantly increasing oil production again.

3. Federal Reserve's Kashkari: Expected to cut interest rates twice starting in September, with tariff impacts showing or pausing rate cuts.

4. Putin: Russia plans to reduce military spending. Preparing for a new round of negotiations with Ukraine and is open to talks with the U.S.

5. U.S. consumer spending unexpectedly fell in May, with moderate inflation rising. Traders increased bets that the Federal Reserve would cut rates three times in 2025.

6. Middle East situation - ① Trump: Has stopped all work on lifting sanctions against Iran. If Iran continues its enrichment activities, may consider airstrikes against Iran again. ② Israeli Defense Minister: Israel will regularly take action to thwart relevant threats. ③ U.S. Senate rejected a proposal to limit Trump's military action against Iran.

7. Tariffs - ① Trump: Immediately terminate all trade negotiations with Canada. ② The EU and the U.S. are reportedly confident of reaching a tariff agreement before the July deadline.