Financial Daily: Trump requests NATO to secure Hormuz; oil prices return to $97; S&P 500 achieves seven consecutive gains! Concerns rise over AI model Mythos

- Focus

– US President Trump requests NATO member states to make specific commitments regarding the security of the Strait of Hormuz

– Bloomberg reports that US Treasury Secretary Bethany and Federal Reserve Chair Powell urgently convened a meeting with major Wall Street bank CEOs on Tuesday. The core topic of the meeting was the potential cybersecurity risks posed by Anthropic’s new model, Mythos, which could bring significant risks to the financial industry

Content compiled by the 'Harbor Family Office' under Henry Group. It does not constitute any investment or trading advice. Stay tuned.

- Stock Market

[US Market] US stocks continued their upward trend, with the S&P 500 Index rising for seven consecutive sessions.

The conflict between Israel and Lebanon has raised concerns that the ceasefire agreement between the US and Iran could be affected. On Thursday, Israel agreed to hold direct negotiations with Lebanon and plans to conduct talks in the US next week, which boosted market sentiment. All three major US indices closed higher again, with the S&P 500 Index up for seven straight sessions, and the VIX Volatility Index falling below 20.

At the close, the S&P 500 Index rose 0.62% to 6,824.66 points; the Nasdaq Composite Index gained 0.83% to 22,822.417 points; and the Dow Jones Industrial Average climbed 0.58% to 48,185.80 points. The VIX Volatility Index fell 7.41% to 19.48 points. The Energy Sector ETF dropped 1.24%, while the Semiconductor ETF rose 1.75%.

The index of the seven tech giants in the US closed 1.24% higher, with Amazon up 5.60%, Meta gaining 2.61%, NVIDIA rising over 1%, and Microsoft down 0.34%. The Nasdaq Golden Dragon China Index fell 1.32% to 6,786.05 points. Among popular Chinese stocks, Alibaba rose 1.8%, Kingsoft Cloud gained 1.5%, PDD Holdings fell about 3%, and Baidu dropped over 4.5%. In individual stock movements, Taiwan Semiconductor fell 0.11%, Netflix rose 2.68%, and Oracle declined 3.70%.

[European Market] Major European national indices generally declined on Thursday.

On Thursday, major European national indices edged slightly lower. At the close, the pan-European STOXX 600 Index fell 0.15% to 612.59 points. The pan-European STOXX 50 Index dropped 0.29% to 5,896.29 points, with SAP plunging over 6.5%, and LVMH Group, Airbus, and Mercedes-Benz Group all falling more than 2%.

Germany's DAX 30 Index fell 1.14% to 23,806.99 points; France's CAC 40 Index dropped 0.22% to 8,245.80 points; and the UK's FTSE 100 Index slipped 0.05% to 10,608.88 points.

[Asian Market] Asian stocks declined on Thursday.

Uncertainty in the Middle East drove Asian stocks lower, halting the previous session’s gains. At the close, Japan’s Nikkei 225 Index fell 0.73% to 55,895.32 points, and the TOPIX Index dropped 0.90% to 3,741.47 points. South Korea’s KOSPI Index slid 1.61% to 5,778.01 points.

[Hong Kong Market] Hong Kong’s three major indices closed lower, with the Hang Seng Tech Index falling over 2%.

Hong Kong's three major indices opened lower and trended downward on Thursday, with an overall inverted-V pattern. The Hang Seng Tech Index fell more than 2%. At the close, the Hang Seng Index was down 0.54% at 25,752.40 points; the Hang Seng Tech Index dropped 2.06% to 4,821.67 points; and the Hang Seng China Enterprises Index fell 0.75% to 8,611.83 points. In terms of sectors, AI application stocks surged during the session, with Zhipu closing up 7.02% after rising more than 15% intraday; Xunce continued to strengthen, closing nearly 24% higher. Technology stocks weakened, with Alibaba closing down 2.85%, Kuaishou dropping 3.60%, and Xiaomi Group and BYD both falling over 4%. Oil stocks rose, with PetroChina closing up 2.07% and China National Offshore Oil Corporation gaining 1.99%.

[A-share Market] All Three Major A-share Indices Closed Lower

The situation regarding Israel’s attack on Lebanon and the ceasefire between the US and Iran remains uncertain. On Thursday, A-shares reversed course and closed lower, with all three major indices finishing in negative territory. At the close, the Shanghai Composite Index fell 0.72% to 3,966.17 points; the Shenzhen Component Index dropped 0.33% to 13,996.27 points; and the ChiNext Index declined 0.73% to 3,323.30 points. Computing power hardware-related stocks continued to show strong performance, bucking the downtrend, with Changxin Bochuang surging over 12%, while Tefa Information, Guangxun Technology, and Changfei Fiber Optics hitting their daily limit-up. The commercial aerospace sector saw a broad-based rally, with Julisu Suogu, Vog Optoelectronics, and Tefa Information among several stocks hitting limit-up. Rare earths and telecommunications equipment sectors led gains, while tourism, gaming, pharmaceuticals, and insurance sectors lagged behind.

– Bonds

[US Bonds] US Treasury Yields Rebounded Gradually After Significant Declines

US Treasury yields fell sharply during the opening of US stock trading but gradually recovered losses. In late New York trading, the 10-year US Treasury yield fell by 0.39 basis points to 4.2872%, while the two-year US Treasury yield dropped by 1.05 basis points to 3.7750%.

[Non-US Bond Markets] European Government Bond Yields Rebounded Higher

European government bond yields rebounded higher on Thursday. In late European trading, Germany's 10-year government bond yield rose by 4.4 basis points to 2.988%, while the two-year German bond yield increased by 2.5 basis points. The UK’s 10-year government bond yield climbed 5.2 basis points to 4.763%, and its two-year yield rose by about 2 basis points. France's 10-year government bond yield advanced 4.5 basis points to 3.626%.

[Chinese Bond Market] Government Bond Futures Turned Positive After Rallying Post-Market Open on Thursday

On Thursday, government bond futures rallied in the afternoon and turned positive. At the close, the 30-year main contract rose by 0.09%, the 10-year main contract remained flat compared to the previous trading day, the 5-year main contract gained 0.03%, and the 2-year main contract increased by 0.02%.

– Foreign exchange

[US Dollar] The US dollar continued to decline for the fourth consecutive trading day, with the ICE US Dollar Index falling by 0.33%

The US dollar fell for the fourth consecutive trading session. In late New York trading, the ICE US Dollar Index dropped by 0.33% to 98.810 points, and the Bloomberg Dollar Index declined by 0.20% to 1,199.05 points.

[Non-US Dollar Currencies] The US dollar weakened against major global currencies, with the Japanese yen falling nearly 0.3%.

The US dollar weakened against major global currencies, with the Japanese yen falling nearly 0.3%. In late New York trading, the US dollar rose 0.27% against the yen to 159.01 yen. The euro gained 0.3% against the dollar, while the British pound climbed 0.27% against the dollar.

[Chinese Yuan] The US dollar stood at 6.8281 yuan against the offshore Chinese yuan.

In late New York trading, the US dollar fell by 49 points against the offshore Chinese yuan compared to the previous trading day's close, reaching 6.8281 yuan. Meanwhile, the onshore yuan dropped by 136 points against the US dollar from the previous closing price, ending at 6.8410 yuan.

[Cryptocurrencies] The cryptocurrency market experienced volatile upward movement, with Bitcoin rising approximately 1.4%.

The cryptocurrency market experienced volatile upward movement. In late New York trading, Bitcoin rose approximately 1.4%, closing above $72,000, while Ethereum remained largely flat compared to the previous trading day’s level.

– Product

[Energy] US crude oil futures rose by 3.66%.

Due to renewed closures of the Strait of Hormuz and ongoing hostilities between Israel and Lebanon, which could impact a ceasefire agreement between the US and Iran, oil prices rebounded over 3%. In late New York trading, US crude oil futures surged by 3.66%, settling at $97.87 per barrel.

[Precious Metals] Precious metals markets were mixed, with spot gold prices rising over 1%.

Precious Metals:Gold prices rose, with spot gold climbing over 1% to $4,768.63 per ounce in late New York trading, briefly touching $4,800; US gold futures gained 0.27% to $4,790.70 per ounce.

Metals Futures Market:The metals market was mixed, with spot silver rising 1.58% to $75.2937 per ounce and US silver futures gaining 0.23% to $75.555 per ounce. US copper futures fell 0.42% to $5.7525 per pound, spot platinum rose 3.4%, and spot palladium declined 0.6%.

[Disclaimer]

The content above is provided by Harbor Family Office (hereinafter referred to as "Harbor Family Office"), sourced from market information gathered from various channels. Neither Harbor Family Office nor its group members participated in preparing the content, nor did they explicitly or implicitly endorse or approve it. This article is for reference only and does not constitute any investment or trading advice. Investment involves risks. Readers should independently evaluate and judge this information and are advised to consult professionals before making any investment or trading decisions. Without authorization, no one may reproduce, copy, or publish the content in whole or in part to the public in any manner. Copyright belongs to Harbor Family Office and relevant providers.

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