Weekly

At the request of the us side, Russian President vladimir putin and US President Donald trump talked over the phone and discussed the epidemic prevention and control and the situation in the global oil market.

Mr Trump has indicated he may invite the leaders of Russia, Australia, India and South Korea to the g7 summit. You know, Russia was the big brother of the Chinese communist party before it got rich,

Although Russia is not as strong as it used to be, its overall strength, especially its military, cannot be underestimated. If the United States pulls Russia in as a containment ally, the smaller countries of China in eastern Europe may follow Russia's lead,

China will become more isolated. The us city of New York has announced a curfew from 11pm to 5am as violent protests intensified. But it didn't affect the stock market. The dow Jones industrial average fell and then rose.

The session ended up 91 points, or 0.4%, after a 288-point range, matching the s&p 500's 0.7% gain.

U.S. stocks rose amid signs of recovery in the U.S. economy, with a manufacturing index rising from an 11-year low to 43.1 in May for the first time since January, adding to optimism that the economy could restart.

It also counteracts fears of mass demonstrations, tensions between China and the United States, and a second wave of the epidemic. China's manufacturing purchasing managers' index, released yesterday, rose to its highest level since February.

The return of the expansion level and the rebound in European manufacturing PMI from a low level in the same period led to an improvement in risk sentiment. The dollar has weakened, with optimism that the worst of the covid-19 recession may be over,

The dollar index.dxy fell below 98, or 0.4%, to 97.81. Improving risk sentiment sent stocks higher, threatening to block gold's rise, which closed at $10 at 1,739. Gold continues to look good.

Oil prices held steady, supported by reports that Opec and Russia are close to reaching an agreement to extend production cuts and are discussing a proposal to extend them by one to two months.

In addition, the market is weighing the impact of international geopolitical tensions on future oil demand. Futures closed at $35.44 a barrel in New York.

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