June 12, Thursday

High-Level Voices: 
From June 9 to 10 local time, the first meeting of the China-U.S. economic and trade consultation mechanism was held in London, UK. Both sides engaged in candid and in-depth discussions, thoroughly exchanging views on economic and trade issues of mutual concern.

Overall Sentiment: 
The official statement on the China-U.S. trade talks has been released. To translate: "candid and in-depth dialogue" means tough words were exchanged; "exchanging views on issues of mutual concern" means each side stated their own position; "reaching a principled agreement" means the talks didn't collapse; "making new progress" means there will be another round of talks.
The U.S. May core CPI data came in higher than April's but below market expectations. After the data release, U.S. stock index futures turned from losses to gains.