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

Pacific Time 7:30AM : Dow -7.50，  S&P 500 +11.91， Nasdaq +52.14， Russell 2000 +15.26, WTI crude oil +0.07%，Gold-0.43%， US dollar index+0.03%, 10 Year Treasury yield 2.031% +0.018

Oversea markets: Shanghai+0.69%, Japan+1.19%, Hong Kong +1.42%, Germany+0.38%, UK-0.15%, France -0.06%.

Weak sectors: SMH, IYR, XLF, IBB, IGV  Strong sectors: GDX, GDXJ, SLV

Major market indexes opened mixed and stay mixed. Dow is down while S&P 500, Nasdaq Composite and Russell 2000 are up. More problems for Boeing's 727 Max plane is driving BA down nearly 3% which drags down the Dow. While analyst upgrade of Nvidea helps semiconductor stocks moving higher. China presented a set of terms the US should meet before continue trade talks which includes removing US ban on sale of American technology to Huawei. Don't really know whether US would accept the terms but Saturday would be crucial as the result of meeting between Trump and Xi will be known. Meanwhile, US stocks is likely to continue the previous 4 days of weakness as uncertainty of trade talk looms. Investor may sell on morning strength later in the day like yesterday.

。Ahead of their G20 meeting in Osaka, President Xi plans to present President Trump with a set of terms the U.S. should meet before China is ready to settle their market-rattling trade confrontation, WSJ reports. Among the preconditions, Beijing is insisting that Washington remove its ban on the sale of American technology to Huawei and also wants the U.S. to lift all punitive tariffs. China also wants the Trump administration to drop efforts to get China to buy even more U.S. exports than Beijing said it would when the two leaders last met in December. ---Seeking Alpha

。Goldman Sachs Group Inc. joined JPMorgan Chase & Co. in pulling down its forecasts for U.S. Treasury yields, incorporating expectations for a prolonged hit from the U.S.-China trade war, along with the dovish shift by key central banks. Goldman’s strategists slashed their year-end 10-year U.S. yield call to 1.75% -- matching JPMorgan’s updated prediction from May 31. That’s down from Goldman’s 2.80% projection reiterated last Sunday. Goldman also cut its yield forecasts for Japan, the euro region and other developed nations. ---Bloomberg

。The Ministry of Agriculture and Rural Affairs of the People's Republic of China published new data Monday that shows agricultural imports from the US have fallen, as Chinese buyers shift supply chains out of the US to other countries because of the deepening trade war. In the first five months of 2019, imports of agricultural products from the US crashed 55.3% YoY. Much of decline was due to a 70.6% YoY decline of soybeans in the same period. ---Zero Hedge

。The world’s largest cryptocurrency soared to its highest price since January 2018 Wednesday. Bitcoin spiking above $13,500 intraday (up over $2000 in the last 24 hours - Bitcoin's biggest daily dollar rise since Dec 2017). Prices later eased to below $12,000 but were still up more than 35% for the week. While its price moves can be opaque, analysts largely attributed the bitcoin bounce to more interest in the space following Facebook’s announcement of a cryptocurrency project, key technical levels being broken, and safe haven buying amidst increasing global tensions.  GBTC rallied 14.78% Wednesday. ---Zero Hedge, CNBC

。Boeing (BA +1.6%) pared gains into the close following a Reuters report that the Federal Aviation Administration has found a "potential risk" that the company must fix before the 737 MAX can return to service. The risk was discovered during a simulator test last week, which likely will prevent BA from running a certification test flight until at least July 8, according to the report. ---Seeking Alpha

。In its wave of semiconductor starts, Wedbush initiates Nvidia (NVDA) at Outperform with a PT of $184, a 16% upside. ---Seeking Alpha

。Credit Suisse initiates coverage of Tesla (TSLA) with an “underperform” rating and a price target 186 15% below where the stock closed on Wednesday. Tesla will have to “settle as a niche automaker” and will likely compete head-to-head with incumbent Volkswagen, according to analyst Dan Levy. Tesla is leading in areas like electrification and software that will define the future of carmaking, but Levy says “it faces risks ahead. ”---CNBC

。Deutsche Bank raises its Facebook (FB) PT from $220 to $230 and keeps a Buy rating. The firm reiterates Facebook as its top large-cap internet pick. Analyst Lloyd Walmsley sees "several levers for the shares to move higher over the near and medium term" and raises his earnings expectations for 2019 and 2020.





太平洋时间早上7:30：道指-7.50，标准普尔500指数+11.91，纳斯达克指数+52.14，罗素2000 +15.26，WTI原油+ 0.07％，黄金-0.43％，美元指数+ 0.03％，10年期国债收益率2.031％+ 0.018

海外市场：上海+ 0.69％，日本+ 1.19％，香港+ 1.42％，德国+ 0.38％，英国-0.15％，法国-0.06％。

弱行业：SMH，IYR，XLF，IBB，IGV强势行业：GDX，GDXJ，SLV


主要市场指数开盘涨跌互现。现在也是涨跌互见。道琼斯指数下跌，标准普尔500指数，纳斯达克综合指数和罗素2000指数上升。波音公司727 Max飞机面临的更多问题正在推动BA下跌近3％而拖累了道琼斯指数。Nvidea被分析师升级有助于半导体股走高。在继续进行贸易谈判之前，中国提出了一系列美国应该达成的条款，其中包括取消美国禁止向华为出售美国技术。不知道美国是否接受这些条款，但周六将是至关重要的，因为特朗普和习近平会面的结果将会公布。由于贸易谈判的不确定性，美国股市可能会延续前4天的疲软表现。投资者可能会像昨天一样在当天晚些时候趁高沽货。


。据华尔街日报报道，在20国集团在大阪召开会议之前，习主席计划向特朗普总统提出一系列条款，美国应该在中国准备好解决市场混乱的贸易对抗之前应该达成一致。在这些先决条件中，北京方面坚持要求华盛顿取消对华为出售美国技术的禁令，并希望美国取消所有惩罚性关税。中国还希望特朗普政府放弃努力让中国购买更多的美国出口产品多于这两位领导人将于去年12月举行会谈时得承诺。 ---Seeking Alpha

。高盛集团（Goldman Sachs Group Inc.）加入摩根大通（JPMorgan Chase＆Co。）行列，下调其对美国国债收益率的预期，结合了美中贸易战长期打击的预期，以及主要央行的温和转变。高盛的策略师将其年终10年期美国收益率调整至1.75％ - 与摩根大通5月31日的最新预测相符。这与上周日重申的高盛2.80％预测相比有所下降。高盛还下调了对日本，欧元区和其他发达国家的收益率预测。 ---彭博

。中华人民共和国农业和农村事务部周一公布的新数据显示，由于贸易战愈演愈烈，中国买家将供应链从美国转移到其他国家，因此美国的农产品进口量下降。在2019年的前五个月，来自美国的农产品进口同比下降55.3％。大部分下降是由于大豆同比下跌70.6％。 --- Zero Hedge

。世界上最大的加密货币周三飙升至2018年1月以来的最高价。比特币盘中飙升至13,500美元以上（过去24小时内上涨超过2000美元 - 比特币自2017年12月以来的最大单日涨幅）。价格随后回落至12,000美元以下，但本周仍然上涨超过35％。虽然其价格走势可能不透明，分析师在很大程度上将比特币反弹归因于Facebook宣布加密货币项目，关键技术水平被打破及在全球紧张局势加剧的情况下避险买盘。GBTC 周三上升14.78%。 --- Zero Hedge，CNBC

。路透社报道美国联邦航空管理局要波音公司（BA） 必须在737 MAX恢复服务之前必须解决新发现的“潜在风险”。根据该报告，该风险是在上周的模拟器测试中发现的，这可能会阻止BA至少在7月8日之前进行认证测试。 ---Seeking Alpha

。在其半导体启动跟踪浪潮中，Wedbush给与Nvidia（NVDA）优于大市评级，目标价为184美元，比周三收市价高16％。 ---Seeking Alpha

。瑞士信贷开始跟踪特斯拉（TSLA）并给予“跑输大市”评级，目标价格比周三收盘价低15％约为186。据分析师丹·利维（Dan Levy）称，特斯拉将不得不“成为一家专门汽车制造商”并可能与现有的大众汽车公司展开激烈竞争。特斯拉在电气化和软件领域处于领先地位，这将决定汽车制造的未来，但利维表示“它面临着未来的风险。 “--- CNBC

。德意志银行将其Facebook（FB）目标价从220美元上调至230美元并维持买入评级。该公司重申Facebook是其最大的大型互联网选择。分析师劳埃德·沃姆斯利（Lloyd Walmsley）认为“股票在近期和中期内会有几种利好推动走高”，并提高了他对2019年和2020年的盈利预期。