Overnight peripheral markets: European and American stock markets closed higher, Meta released VR headset ahead of Apple

Market Focus:

Get ahead of your competitor Apple! Meta releases its latest VR headset.

On Thursday, June 1, Meta CEO Mark Zuckerberg launched the company’s latest generation virtual reality (VR) headset, Quest 3, ahead of Apple’s WWDC conference, starting at $499.

Quest 3 uses a GPU chip, and its processor power is doubled compared to Quest 2. In addition, Quest 3 has been fully upgraded in terms of appearance design, camera, etc.

US Stock Market:

U.S. stocks closed higher on Thursday. The U.S. House of Representatives passed the debt ceiling bill, taking an important step to avoid a default on the U.S. debt. The bill is currently submitted to the Senate for consideration and vote. U.S. ADP employment numbers in May far exceeded expectations, and initial jobless claims last week were slightly lower than expected.

The Dow closed up 153.30 points, or 0.47%, at 33061.57 points; the Nasdaq rose 165.70 points, or 1.28%, at 13100.98 points; the S&P 500 index rose 41.19 points, or 0.99%, at 4221.02 points.

Focus stocks:

Tesla, the No. 1 U.S. stock market by trading volume, closed up 1.76% on Thursday, with a turnover of US$30.2 billion. Tesla is clearing inventory in the United States, doubling the discount on some Model 3 models to $2,680, and restoring discounts on some Model Y models, with discounts of nearly $600 each.

No. 2 NVIDIA closed up 5.12%, with a transaction volume of US$24.5 billion. According to a research report, the generative AI market will reach US$1.3 trillion by 2032. The report also said that companies such as Amazon's cloud unit, Google parent company Alphabet, Nvidia, and Microsoft, which has invested billions in OpenAI, may become the biggest winners in the artificial intelligence boom.

The third-place Apple closed up 1.6%, with a turnover of US$11.7 billion. Apple is reportedly formulating plans to expand and strengthen its retail chain to further expand its business in China and other parts of Asia, while the company will also revamp existing stores in the United States and Europe.

China concept stocks:

Most popular Chinese concept stocks rose on Thursday, with the Nasdaq Golden Dragon Index rising by about 4%. Baidu rose more than 6%, JD.com, Tencent Music, and Vipshop rose more than 5%, Alibaba rose more than 4%, Futu Holdings and iQiyi rose more than 3%, and Xpeng Motors, Bilibili, and Weibo rose Over 1%, NetEase, Li Auto, and NIO rose slightly.

US Bond Market:

U.S. bond yields fell after the release of U.S. ISM manufacturing data.

In late trading in New York on Thursday (June 1), the U.S. 10-year benchmark Treasury bond yield fell 3.62 basis points to 3.6064%. The U.S. ISM manufacturing index fell to a daily low of 3.5627% when it was released, breaking away from European stocks. After opening, it rose to a daily high of 3.6867%. The two-year U.S. Treasury yield fell 6.19 basis points to 4.3408%. It fell to a daily low of 4.3118% when the U.S. ISM data was released, breaking away from the daily high of 4.4588% that it rose to in early European trading. The three-month Treasury bill/10-year U.S. Treasury yield spread fell 0.336 basis points to -177.788 basis points. The 02/10-year U.S. Treasury yield spread rose 2.593 basis points to -73.832 basis points.

European stock markets:

Major European stock indexes collectively closed higher, with Germany's DAX30 index rising by 1.22%, Britain's FTSE 100 index rising by 0.6%, France's CAC40 index rising by 0.55%, and Europe's Stoxx 50 index rising by 0.94%.

Other markets:

On Thursday, the price of gold futures for August delivery on the New York Mercantile Exchange rose $13.40, or 0.7%, to close at $1,995.70 an ounce. During trading on Thursday, the futures rose as high as $2,000.70 an ounce, breaking through the $2,000 mark for the first time since mid-May.

West Texas Intermediate crude oil futures for July delivery on the New York Mercantile Exchange rose $2.01, or 3%, to settle at $70.10 a barrel, the highest level since Friday. WTI crude oil hit its lowest closing price since March 20 on Wednesday.

I am Zheng Zheng, known as the leader of the Bald Gang in the world, an investor who has been a financial reporter for 20 years and focuses on the medium and long term.

All tips are for reference only and do not constitute investment advice.

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