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

Pacific Time 7:13AM : Dow -13.50，  S&P 500 -5.22， Nasdaq -60， Russell 2000 +2.76 ,WTI crude oil +1.57%，Gold+0.59%， US dollar index-0.20%, 10 Year Treasury yield 2.114%-0.028

Oversea markets: Shanghai-0.30%, Japan-0.92%, Hong Kong -0.03%, Germany+0.03%, UK+0.22%, France+0.33%.

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

Major US stock indexes tried to bounce at the open as oversold market drawing in buyers, however they have now turned down. Bounces in semiconductor and biotech sectors are helping, however weakness in Google (GOOG), Amazon (AMZN) and Facebook (FB) are dragging (anti-trust investigation into these stocks are bring these stock down sharply). The market may be oversold but US trade wars with China and Mexico and raising tariff on products from India are damaging to global economic growth while all major market indexes are below their important 200 day moving averages are causing major technical damage. Pressure is coming in from all fronts, stock market trend is solidly down, strategy is sell on rallies.

。New Chinese tariffs of up to 25% have been imposed on $60bn (£46bn) worth of US goods. The tariffs, which came into force at midnight in Beijing on 1 June, are in retaliation for the US doubling tariffs on $200bn of Chinese goods in May.---BBC

。Mexico’s president on Saturday hinted his country could tighten migration controls to defuse U.S. President Donald Trump’s threat to impose tariffs on Mexican goods, and said he expected “good results” from talks planned in Washington next week. A major Mexican delegation led by Foreign Minister Marcelo Ebrard will discuss the dispute with U.S. officials in Washington on Wednesday, and Lopez Obrador said he expected “good results” from the talks, and for a deal to emerge. ---Reuters

。The U.S. president lashed out on Twitter on Sunday morning, calling Mexico an “abuser of the United States, taking but never giving,” and repeating his tariff threats. He doubled down a few hours later. “Mexico is sending a big delegation to talk about the Border. Problem is, they’ve been ‘talking’ for 25 years,” Trump wrote. “We want action, not talk. They could solve the Border Crisis in one day if they so desired. Otherwise, our companies and jobs are coming back to the USA!” ---Reuters

。The U.S. bears the full responsibility for the collapse of trade talks, according to China’s government, adding that any further discussions need to be based on sincerity, mutual respect and equality. China is willing to work with the U.S. to find solutions, but the latter’s strategy of maximum pressure and escalation can’t force concessions from China, said Vice Commerce Minister Wang Shouwen, who led the working-level team in the negotiations. When you give the U.S. an inch, it takes a yard, he said. ---Bloomberg

。The Federal Reserve is likely to cut interest rates twice this year in response to the impact from President Donald Trump potentially opening a new front in the trade war, according to J.P. Morgan strategists. The firm is the first on Wall Street to catch up to market expectations that the Fed will ease policy aggressively this year amid concerns over a global economic slowdown exacerbated by tariffs. Barclays followed later in the day, calling for two cuts as well but totaling 75 basis points, with a half-point cut happening in September. ---CNBC

。The Dow Jones Transportation Average swooned 10.2% in May, a far steeper decline than that of the Dow Jones Industrial Average or the S&P 500. For analysts who closely watch the transports, this could be a sign of deeper market stress. The transport stock weakness compounds other investor concerns, including that the U.S. trade war with China and other countries will harm the global economy and whether an expected pick-up in U.S. corporate profits will materialize later in the year. The 20 stocks in the Dow transport index, including airlines such as Delta Air Lines, rail operators like Union Pacific Corp and package delivery companies FedEx Corp and United Parcel Service Inc, are “leading indicators of the economy,” said Miller Tabak equity strategist Matt Maley. ---Reuters

。China launches a probe into FedEx (FDX) for allegedly "damaging legitimate rights and interests" of Chinese users by delivering packages to the wrong address, according to Xinhua. ---Seeking Alpha

。The DOJ reportedly is gearing up for a Google antitrust probe, creating a new level of oversight. The European Union has fined Google three times for alleged abuse of its dominance in ad search, shopping and the Android operating system. Now U.S. regulators are taking a more active stance. A Google antitrust probe could inspire Facebook and Amazon investigations, as well as fuel calls for sweeping action. ---Investors Business Daily





太平洋时间早上7:13：道指-13.50，标准普尔500 -5.22，纳斯达克-60，罗素2000 +2.76，WTI原油+ 1.57％，黄金+ 0.59％，美元指数-0.20％，10年期国债收益率2.114％ - 0.028

海外市场：上海-0.30％，日本-0.92％，香港-0.03％，德国+ 0.03％，英国+ 0.22％，法国+ 0.33％。

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

由于超卖吸引买家，美国主要股指在开盘时试图反弹，但现在已经转跌。半导体和生物技术板块的反弹有所帮助，但谷歌（GOOG），亚马逊（AMZN）和Facebook（FB）的疲软是拖累（对这些股票的反垄断调查使这些股票大幅下跌）。市场可能超卖，但美国与中国和墨西哥的贸易战以及提高印度产品关税对全球经济增长造成损害，而所有主要市场指数都低于其重要的200天移动平均线对市场技术上造成严重损害。压力来自各方面，股市走势肯定下跌，策略是逢高卖出。

。中国对价值600亿美元（合460亿英镑）的美国商品征收高达25％的关税, 6月1日在北京午夜生效。这是为了报复美国5月份对2000亿美元中国商品的关税加倍。--- BBC

。墨西哥总统周六暗示，他的国家可能会加强移民管制，以化解美国总统唐纳德特朗普对墨西哥货物征收关税的威胁，并表示他预计下周计划在华盛顿的会谈会有“好结果”。由外交大臣马塞洛·埃布拉德率领的墨西哥代表团将于周三在华盛顿与美国官员讨论这一争端，洛佩兹·奥夫拉多尔表示，他希望会谈取得“好成绩”并达成协议。 ---路透社

。美国总统周日早上在推特上猛烈抨击墨西哥，称墨西哥为“滥用美国，接受但从未给予”，并重申其关税威胁。 几小时后他再强调“墨西哥正派一个大型代表团谈论边境问题。 问题是，他们已经“谈了”25年，“特朗普写道。 “我们想要行动，而不是谈话。 如果他们愿意，他们可以在一天内便能解决边境危机。 否则，我们的公司和工作将回到美国！“---路透社

。据中国政府称，美国对贸易谈判的崩溃负有全部责任，并补充说，任何进一步的讨论都必须建立在真诚，相互尊重和平等的基础上。中国愿意与美国合作寻求解决方案，但后者的加大压力和升级战略不能强迫中国做出让步，商务部副部长王守文在谈判中领导了工作级别的团队。他说，当你给美国一英寸时，它们便要一码。 ---彭博

。根据J.P. Morgan策略家的说法，美联储可能会在今年两次降息，以应对唐纳德特朗普总统可能在贸易战中开辟新战线的影响。该公司是华尔街第一个预期减息的公司。因担忧关税加剧而导致全球经济放缓，该公司预期今年将大幅放松政策。巴克莱当天晚些时候紧随其后，预期两次减息，共计75个基点，9月份时将有半个点的削减。 --- CNBC

。道琼斯运输平均指数在5月份下跌了10.2％，远高于道琼斯工业平均指数或标准普尔500指数。对于那些密切关注交通运输的分析师来说，这可能是市场遭受压力更大的迹象。运输股疲软加剧了投资者的担忧，包括美国与中国和其他国家的贸易战将损害全球经济，以及美国公司利润的预期回升是否会在今年晚些时候实现等。道琼斯运输指数中的20只股票，包括达美航空等航空公司 （DAL），联合太平洋公司等铁路运营商（UNP）以及包裹递送公司联邦快递公司（FDX）和联合包裹服务公司 （UPS），均为“经济领先指标”，Miller Tabak股票策略师Matt Maley表示。 ---路透社

。据新华社报道，中国对联邦快递（FDX）进行了一项调查，称其涉嫌“破坏中国用户的合法权益”，将包裹送到错误的地址。---Seeking Alpha

。据报道，司法部正在准备进行对谷歌（GOOG）反托拉斯调查，从而创造新的监督水平。 由于涉嫌滥用其在广告搜索，购物和Android操作系统方面的统治地位，欧盟已三次对Google进行了罚款。 现在美国监管机构采取了更加积极的立场。 谷歌的反托拉斯调查可能激发对Facebook（FB）和亚马逊（AMZN）的调查，并推动全面采取行动。---Investors Bussiness Daily