June 30, Monday

High-Level Voices: 
The U.S. core PCE price index rose 2.68% year-over-year in May, surpassing the expected 2.6%, hitting the highest level since February 2025. The month-over-month core PCE price index recorded a 0.2% increase, against market expectations of a flat 0.1%.

Overall Sentiment: 
The U.S. PCE price index released on Friday aligned closely with expectations, significantly increasing market expectations for a rate cut, with the probability of a July rate cut rising to 25% from 12.5% a week earlier. U.S. stock indices hit record highs on Friday. A-share banking stocks fell on Friday despite no clear negative news, amid various market rumors. With banking stocks at historic valuation peaks, some investors are taking profits even without significant catalysts.
The sudden stabilization of the international environment provides an opportunity for many funds to lock in gains.