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After the results of the Federal Reserve's annual assessment were released, JPMorgan, the largest lender in the United States, increased its quarterly dividend from $1.50 to $1.65 per share, and Goldman Sachs raised its dividend from $4.50 to $5. JPMorgan also approved a new $50 billion stock repurchase program, effective from July 1. Wells Fargo increased its dividend from 45 cents to 50 cents, and Morgan Stanley also increased its dividend from $1 to $1.15. The Federal Reserve's stress test, established after the 2008 financial crisis, showed that all banks under review can maintain adequate capital to withstand the impact of a hypothetical economic recession. This test typically determines how aggressively banks can return capital to shareholders through dividends and stock buybacks. The assessment requires banks to evaluate hypothetical crisis scenarios and estimate potential losses based on their business portfolios.

Palm oil futures retreated for the second consecutive trading day as Indonesia’s B50 policy plan and concerns over El Niño coexist. Are there still uncertainties in forward supply and demand?

Golden Ten Data reported on June 25 that the UK Society of Motor Manufacturers and Traders (SMMT) stated that, due to an increase in exports to the United States, UK car production grew by 2.7% year-on-year in May, ending a previous four-month decline. However, the industry body warned that high energy costs, trade risks, and weak demand for electric vehicles continue to threaten the sector’s competitiveness. SMMT CEO Mike Hawes said: “Manufacturers are investing billions of pounds in zero-emission technologies, but weak underlying demand and rising compliance costs are putting competitiveness, jobs, and future investment at risk.” Data shows that in May, total UK car production rose to 51,178 units, with passenger car output up 3.2% year-on-year to 49,249 units, while commercial vehicle production fell 7.6% year-on-year to 1,929 units. Car exports to the United States surged by 83.1% last month, but exports to the EU and China declined by 5.2% and 14.3%, respectively. In the first five months of this year, total UK car production fell by 8.7% year-on-year to 317,779 units.