France Producer Prices (MoM) fell from previous -0.6% to -4.3% in April

TradingKey - Micron Technology (MU) released a blowout earnings report for the third quarter of fiscal year 2026, with revenue surging 346% year-over-year to $41.5 billion, non-GAAP diluted earnings per share (EPS) reaching $25.11, and its gross margin jumping to 84.9%. All three core metrics set new historic records. The explosive growth in AI memory demand, combined with the implementation of 16 "take-or-pay" Strategic Customer Agreements (SCAs), not only drove a surge in single-quarter performance but also reshaped the company's business model. Following the earnings release, Micron's stock price surged nearly 16% in a single day to hit a new all-time high. Wall Street collectively raised their price targets, and the market generally believes that Micron is in a critical window of transition from a highly cyclical memory manufacturer to a core AI infrastructure asset.

TradingKey - OpenAI may postpone its initial public offering (IPO) until after next year. With the market anticipating weakening demand for AI infrastructure, chip and memory stocks were sold off. The three major indices closed down across the board, with the Nasdaq Composite Index falling for the fifth consecutive day. At the close, the Dow Jones Industrial Average fell 0.09% to 51,876.11 points; the Nasdaq Composite Index fell 0.24% to 25,297.62 points; and the S&P 500 Index fell 0.05% to 7,353.95 points.

TradingKey - On June 26, Eastern Time, investment sentiment surrounding the AI rally in US stocks shifted, though this anomaly was not apparent at the index level. The three major US indices closed flat today, with the Dow Jones Industrial Average down 0.03% to 51,903.34 points, the Nasdaq Composite down 0.01% to 25,356.26 points, and the S&P 500 up 0.09% to 7,363.84 points. However, at the sector level, weighed down by mounting concerns over the rising costs of artificial intelligence infrastructure, previously strong AI infrastructure stocks stumbled today, with both memory and chip stocks declining.

TradingKey - The countdown has begun for the U.S. copper tariff decision. The U.S. Department of Commerce must submit its "Section 232" investigation report to the White House by June 30 to ultimately decide whether to impose import tariffs on refined copper.

TradingKey - Recently, after testing the $62.00 level again, silver prices (XAGUSD) continued to rebound on expectations of US-Iran peace talks, briefly surging to $70 this week. As of the European session on June 17, silver prices consolidated around $69.60. However, technical analysis shows a double-bottom pattern on the weekly chart, which may support a continued rise in silver prices.