14/06/2025
Market overview on June 12
- At the close of trading on June 11, 2025, oil prices jumped more than 4% to a 2-month high due to Middle East tensions. Gold continued to rise thanks to cooling US inflation and expectations that the Fed would soon cut interest rates. Copper prices fell due to concerns about weak Chinese demand and trade tensions. Sugar hit a nearly 4-year low, while coffee prices continued to fall.
The US stock market
- The S&P 500 decreased by 0.27% to 6,022.24 points, ending a three-session winning streak.
- The Nasdaq Composite lost 0.5% to 19,615.88 points.
- Dow Jones decreased by 1.1 points to 42,865.77 points.
US CPI data for May
- CPI increased by 0.1% compared to last month, lower than the forecast of 0.2%.
- Core CPI also rose by 0.1%, lower than expected.
- The Fed is expected to consider lowering interest rates if inflation continues to cool.
US - China trade agreement
- Reaching preliminary consensus in London on rare earth export and lifting technology restrictions.
- The current tariff remains unchanged.
- The US allows Chinese students to study at American universities.
Oil prices
- Brent rose by 4.34% to 69.77 USD/barrel.
- WTI rose 4.88% to 68.15 USD per barrel.
- Source: Middle East tensions, inventories down 3.6 million barrels, gasoline demand up.
Gold and precious metal prices
- Spot gold rose by 0.1% to $3,324.72 per ounce.
- Gold futures are held at 3,343.7 USD.
- Platinum increased by 2.9% to 1,256.70 USD (the highest since 2021).
- Silver decreased by 1.2% to 36.11 USD; Palladium increased by 1.3% to 1,074.25 USD.
Exchange rate of the dong and base metals
- Copper decreased by 1.1% to 9,655 USD/ton.
- Aluminum increased by 0.8% to 2,513 USD; Zinc remained stable at 2,656 USD; Nickel fell by 0.9% to 15,180 USD; Lead rose by 0.3% to 1,988 USD; Tin held steady at 32,711 USD.
Agricultural products
- Raw sugar fell 0.4% to 16.42 cents/lb, reaching a 4-year low.
- White sugar increased by 1.1% to 472.8 USD/ton.
- Arabica coffee fell 1.3% to $3.486/lb.
- Robusta decreased by 0.6% to 4,291 USD/ton.
- London cocoa decreased by 0.9% to 6,349 pounds/ton; New York cocoa increased by 0.4% to 9,069 USD/ton.
Customs and Trade Policy
- The U.S. is considering extending the suspension of tariffs for 90 days with its amicable partners.
- The framework agreement with the UK and China has no details yet.
China's steel exports
- In the first 5 months of 2025: 48.47 million tons (an increase of 8.9% compared to the same period last year).
- In May, it reached 10.58 million tons (the highest since October 2024).
- Due to weak domestic demand, the focus has shifted to exports.
Nguồn: V ietfutures tổng hợp
