人民币/港币 (CNYHKD) 加自选

天然气和石油预测：能源价格在美中贸易谈判前上涨。WTI原油在下跌13美元后反弹至65.65美元，但在67美元附近面临阻力。石油市场等待欧佩克会议和美中贸易信号。

Natural Gas and Oil Forecast: Energy Prices Coil Ahead of U.S.–China Trade Talks.WTI crude rebounds to $65.65 after $13 drop but faces resistance near $67. Oil markets await OPEC meeting and U.S.–China trade signals.

2025年前五个月，中国工业企业的利润同比下降1.1%，至2720.43亿元人民币，扭转了1月至4月1.4%的增长。这一下降突显了持续的通缩压力和美国高额关税下日益增长的贸易不确定性。国有企业的利润收缩幅度更大（-7.4%对1月至4月的-4.4%），而私营部门的利润增长放缓（3.4%对4.3%）。按行业划分，煤炭开采（-50.5%）、汽车（-11.9%）、石油和天然气开采（-10.4%）和化工（-4.7%）的利润下降。相比之下，农业（38.2%）、计算机和通信（11.9%）、电机（11.6%）、一般制造业（10.6%）、有色金属冶炼和轧制（9.8%）、特种设备（7.1%）、热能生产（5.7%）和非金属矿产品（0.6%）的利润增长。仅在5月份，工业利润同比下降9.1%，高于4月份的3.0%，这是三个月来的首次下降。

Profits at China’s industrial firms dropped by 1.1% year-on-year to CNY 2,720.43 billion in the first five months of 2025, reversing a 1.4% gain in the January–April period. The decline highlights ongoing deflationary pressures and growing trade uncertainty amid steep U.S. tariffs. Profits at state-owned enterprises contracted more sharply (-7.4% vs -4.4% in January-April), while profit growth in the private sector slowed (3.4% vs 4.3%). By industry, profits decreased in coal mining (-50.5%), automobiles (-11.9%), oil and gas extraction (-10.4%), and chemicals (-4.7%). In contrast, profit grew in agriculture (38.2%), computer and communications (11.9%), electrical machinery (11.6%), general manufacturing (10.6%), non-ferrous metal smelting and rolling (9.8%), special equipment (7.1%), heat production (5.7%), and non-metallic mineral products (0.6%). In May alone, industrial profits shrank by 9.1% yoy, swinging from a 3.0% increase in April and marking the first fall in three months.

美国通信部长卢特尼克宣布了5月在日内瓦与中国达成的协议！。就像《宋飞正传》中的餐厅场景一样，wiat（在这里指的是一项贸易协议）一直在说，总是含糊其辞：

US Com Secretary Lutnick announced the deal with China that was reached in Geneva in May!.Its like that restaurant scene in Seinfeld where the wiat (for a trade deal in the case here) just goes on and on and on, with always the vague promises:

稍后从中国传来——5月份工业利润数据。中国的工业利润呈上升趋势，2025年1月至4月期间同比增长1.4%，高于第一季度的0.8%。这一改善反映了政府刺激计划的支持和高端制造业的稳健业绩。

Coming up from China later - Industrial Profit data for May.China's industrial profits have been trending higher, rising 1.4% year-on-year in the January–April period of 2025, up from a 0.8% gain in the first quarter. The improvement reflects support from government stimulus and solid results in high-end manufacturing industries.