Morning Market News Digest And Comments 早盘市场新闻摘要及评论

Pacific Time 7:25 AM : Dow -275，  S&P 500 -31， Nasdaq -95， Russell 2000 -22 ,WTI crude oil -3.23%，Gold+0.83%， US dollar index-0.20%, 10 Year Treasury yield 2.175%-0.052

Oversea markets: Shanghai-0.24%, Japan-1.63%, Hong Kong -0.79%, Germany-1.84%, UK-1.05%, France-1.49%.

Weak sectors: OIH, XRT, EWG, IBB, IGV, IYM, IYT, XLY, FDN  Strong sectors:GDX, GDXJ, TLT,GLD

Donald Trump to slap tariffs on all Mexican products was not anticipated, this is a Black Swan event for the financial markets and the US stock market will likely under tremendous pressure. Major stock market indexes opened down sharply. Dow was down 329 at its low. Major market indexes are off their lows now, but a lot of technical damages are done and more downside is likely.  Dow, S&P 500 and Nasdaq composite are  now solidly below their 200 day moving averages at 25430 , 2775 and 7527 respectively. Supports for Dow, S&P 500 and Nasdaq composite are their 38% and 50% retracement levels at 24797 and 24204, 2722 and 2650 and 7424 and 7187 respectively.

。In a statement released by the White House, Mr. Trump said he would invoke the authorities of the International Emergency Economic Powers Act to impose a 5% tariff on all goods imported from Mexico starting June 10, and increase the tariff gradually, hitting 25% on Oct. 1. Mexico is the U.S.’s third-largest trading partner, with goods imports of $346.5 billion in 2018, according to the Office of the U.S. Trade Representative. ---Wall Street Journal

。China's Official May Composite PMI printed modestly lower than April's at 53.3, with Services at 54.3 (in line with last month and goal-seeked expectations), while Manufacturing (expected to decline into contraction at 49.9) was considerably worse than expected, printing 49.4. ---Zero Hedge

。China threatened on Friday to unveil an unprecedented hit-list of “unreliable” foreign firms, groups and individuals that harm the interests of Chinese companies, as a slate of retaliatory tariffs on imported U.S. goods was set to kick in at midnight. Beijing’s “unreliable entities list” would apply to those who violate market rules and the spirit of contracts, block supplies to Chinese companies for non-commercial reasons, “seriously damage the legitimate rights and interests” of Chinese companies and harm China’s national security, the ministry said. ---Reuters

。Beijing has readied a plan to restrict exports of rare earths to the U.S. if needed, as both sides in the trade war dig in for a protracted dispute, according to people familiar with the matter.The government has prepared the steps it will take to use its stranglehold on the critical minerals in a targeted way to hurt the U.S. economy, the people said. The measures would likely focus on heavy rare earths, a sub-group of the materials where the U.S. is particularly reliant on China. The plan can be implemented as soon as the government decides to go ahead, they said, without giving further details.---Bloomberg

A rare public call by a U.S. Federal Trade Commission (FTC) official for one of the agency’s courtroom victories to be reversed, in a case of anticompetitive business practices by chipmaker Qualcomm Inc, charts a strong course for a judge’s ruling to be overturned on appeal, some legal experts said. ---Reuters

。Uber (UBER) reported better-than-expected revenue its first quarterly report since going public earlier this year. The company reported a net loss of $1.01 billion and revenue of $3.10 billion. Wall Street had expected a net loss of $1.01 billion on revenue of $3.04 billion, according to Refinitiv consensus estimates. ---CNBC

。Gap (GPS) reported first-quarter earnings that fell short of expectations. Gap reported a 4% drop in same-store sales, wider than the 1.1% drop that was expected. The company reported earnings of 24 cents per share, 8 cents lower than expected, and revenue of $3.71 billion, $60 million lower than expected. ---CNBC

。Zuora (ZUO)Q1 results met revenue estimates and beat on EPS but included downside Q2 guidance and cut its FY20 forecast. ---Seeking Alpha






太平洋时间早上7:25：道指-275，标准普尔500 -31，纳斯达克-95，罗素2000 -22，WTI原油-3.23％，黄金+ 0.83％，美元指数-0.20％，10年期国债收益率2.175％ -0.052

海外市场：上海 -  0.24％，日本 -  1.63％，香港--0.79％，德国 -  1.84％，英国 -  1.05％，法国 -  1.49％。

弱势行业：OIH，XRT，EWG，IBB，IGV，IYM，IYT，XLY，FDN 强势行业：GDX，GDXJ，TLT，GLD

唐纳德特朗普出乎意料的宣布增加所有墨西哥产品的关税，这对于金融市场是个黑天鹅事件，美国股市将承受巨大的压力。美国主要股指大幅低开。道琼斯指数在低位时下跌329点。目前主要市场指数已脱离低位，但已经造成很大的技术性破坏而可能继续下跌。道琼斯指数，标准普尔500指数和纳斯达克综合指数目前均稳固地低于它们的200天移动平均线分别为25430,2775和7527。道指，标准普尔500指数和纳斯达克综合指数下面的支撑位分别为24797和24204, 2722和2650以及7424和7187的38％和50％回撤位。

。在白宫发布的一份声明中，特朗普表示，他将援引“国际紧急经济权力法”对从6月10日开始从墨西哥进口的所有商品征收5％的关税，并逐步提高关税，达到25％。根据美国贸易代表办公室的数据，墨西哥是美国的第三大贸易伙伴，2018年的货物进口额为3465亿美元。---华尔街日报

。中国官方5月份综合采购经理人指数小幅低于4月份的53.3，服务业为54.3（与上月持平和目标预期），而制造业（预计收缩至49.9）则远低于预期，为49.4。 --- Zero Hedge

。对进口美国商品的报复性关税计划将在午夜开始前，中国周五威胁要公布一份前所未有的“不可靠”的外国公司，团体和个人名单，这些名单伤的公司损害了中国公司的利益。北京“不可靠” “将适用于那些违反市场规则和合同精神，以非商业原因阻止中国公司供应，”严重损害中国公司合法权益，损害中国国家安全的公司。---路透社

。据知情人士透露，在贸易战增持不下的情况下，北京已经准备好在必要时制定限制稀土出口到美国的计划。政府已经准备好了采取措施。知情人士说，它以有针对性的方式扼杀关键矿物，以伤害美国经济。这些措施可能会集中在重型稀土上，这是美国特别依赖中国的材料。他们说，一旦政府决定继续进行，该计划就可以实施，而不会提供进一步的细节.---彭博社

。美国联邦贸易委员会（FTC）官员罕见公开呼吁该机构的一项法庭胜利被撤销。一些法律专家说认为这种情况在芯片制造商高通公司 (QCOM)的反竞争商业行为案例中，为上诉推翻法官的裁决会有很大助力。---Reuters

。优步（UBER）上市以来的第一季度财报好于预期。该公司报告净亏损10.1亿美元，营收31.0亿美元。根据Refinitiv的一致预期，华尔街预计净亏损为10.1亿美元，营收为30.4亿美元。 --- CNBC

。Gap（GPS）报告第一季度收益低于预期。 Gap报告同店销售额下降4％，多于预期的1.1％。该公司报告每股盈利24美分，比预期低8美分，营收37.1亿美元，比预期低6000万美元。 --- CNBC

。Zuora（ZUO）第一季度业绩符合营收预期并超过每股收益预期但调低Q2指引并及FY20预测。 ---Seeking Alpha