News

On July 6, as the U.S. market reopened after the holiday, the Middle East peace agreement remains unachieved, and last week's labor indicators were disappointing. U.S. Treasury yields showed mixed movements while the dollar rose slightly. Meanwhile, OPEC+ agreed to increase production, leading to a decline in oil prices. The Federal Reserve's meeting minutes will be released on Wednesday, and this week is relatively quiet in terms of data. The dollar index is up 0.2%. The yield on the 10-year U.S. Treasury bond is at 4.459%, higher than last Thursday's closing rate of 4.447%. The yield on the two-year U.S. Treasury bond fell from 4.130% to 4.108%. (Jin Shi)

On July 6, according to filings with the U.S. Securities and Exchange Commission, Broadcom (AVGO.O) has extended its technology collaboration with Apple (AAPL.O) through a new multi-year agreement until 2031. Broadcom will develop and supply a range of custom ASIC silicon products for the manufacturing of multiple generations of Apple products. Following this positive news, the shares of a company rose over 4% in pre-market trading.

BlockBeats news, July 6, Bloomberg columnist Jonathan Levin wrote that U.S. President Trump and his allies are continuously seeking to influence Federal Reserve decisions through personnel changes, including attempting to replace Fed Governor Lisa Cook and intervening in the selection of the Federal Reserve Bank of Atlanta president, in order to expand the influence of White House supporters within the Federal Open Market Committee (FOMC). Levin believes that Kevin Warsh, considered a leading candidate for the next Federal Reserve chair, should publicly oppose White House interference, support Jerome Powell and Cook in completing their terms, and demand the White House withdraw from the selection process for regional Fed presidents. Otherwise, his future credibility as Fed chair and his influence within the committee will be undermined. The independence of the Federal Reserve is key to maintaining stable inflation expectations and the credibility of monetary policy; ongoing political intervention could harm the stability of the U.S. macroeconomy.