Futures June 12 news, 1. WTI crude oil futures trading volume was 1399278 lots, an increase of 322619 lots from the previous trading day. The open interest was 1995648 lots, a decrease of 21564 lots from the previous trading day. 2. Brent crude oil futures trading volume was 243295 lots, an increase of 66501 lots from the previous trading day. The open interest was 189452 lots, an increase of 11 lots from the previous trading day. 3. Natural gas futures trading volume was 546764 lots, an increase of 71005 lots from the previous trading day. The open interest was 1538316 lots, a decrease of 2051 lots from the previous trading day.

Jefferies: Raised Oracle (ORCL.N) price target to $220 from $200.

On June 12, TrendForce Senior Research Vice President Guo Zuorong pointed out that the demand for high-end computing chips driven by AI applications continues to be strong, and advanced processes and advanced packaging technologies are the biggest demand drivers for the global foundry industry, and the industry is expected to grow at an annual rate of 19.1% in 2025. In addition, the advanced 2nm process will officially enter mass production in the second half of this year, and advanced packaging capacity will continue to expand, with an estimated annual growth rate of 76%.

Japanese Prime Minister Shigeru Ishiba: There is no arrangement for a meeting with the US leader yet.

Market news: Japanese Prime Minister Shigeru Ishiba discussed the current status of the US-Japan talks with leaders of other political parties. He said it is necessary to (collect) bipartisan reactions to US tariffs.

On June 12, Li Chunlin, deputy director of the National Development and Reform Commission, said that in the past five years since the implementation of the Shenzhen comprehensive reform pilot, a large number of innovative measures have been introduced to promote innovation and development, and significant results have been achieved in supporting high-quality development. For example, Shenzhen is supported to take the lead in carrying out the pilot of cross-border fund pool business with unified RMB and foreign currencies, allowing multinational groups to handle the centralized collection and payment business of RMB and foreign currencies of overseas member enterprises in the country, realizing currency selection, free transfer, and mixed use of funds. As of the end of May this year, 55 multinational companies participated in the pilot, with a business volume of US$340 billion, better coordinating the two markets and two resources at home and abroad. Improve the institutional mechanism of financial support for scientific and technological innovation, explore the path to realize the securitization of intellectual property rights, and have issued a total of 104 intellectual property securitization products with an issuance scale of 22.5 billion yuan, benefiting 1,535 enterprises, and effectively supporting the development of scientific and technological innovation enterprises.

Market news: Saudi Crown Prince Salman will miss the G7 summit in Canada.

The Taiwan dollar rose 0.5% to 29.779 per dollar, its highest level since May 5.

The Hang Seng Index in Hong Kong opened at 24,223.12 points, down 143.82 points, or 0.59%, on June 12 (Thursday); the Hang Seng Technology Index opened at 5,389.56 points, down 61.64 points, or 1.13%, on June 12 (Thursday); the CSI 300 Index opened at 8,796.99 points, down 68.73 points, or 0.78%, on June 12 (Thursday); and the H-share Index opened at 4,071.95 points, down 28.2 points, or 0.69%, on June 12 (Thursday).

The main contract of SC crude oil rose 4.00% during the day and is now trading at 500.50 yuan per barrel.

June 12, according to the New York Times: Iranian military and government leaders have met to plan responses to possible Israeli attacks, including immediately launching hundreds of ballistic missiles in retaliation.

Foreign investors bought 219.8 billion yen of Japanese bonds in the week ending June 6, compared with 116.54 billion yen in the previous week.

Japan bought -148.9 billion yen of foreign stocks in the week ending June 6, compared with -114.41 billion yen in the previous period.

On June 12, the article pointed out that the first meeting of the China-US economic and trade consultation mechanism was held in London, UK from June 9 to 10 local time. China is sincere about economic and trade consultations, but it is also principled. As a responsible major country, China takes seriously, strictly implements, and actively maintains the consensus of the Geneva economic and trade talks. At this meeting, China once again expressed its clear position and attitude to implement the consensus and requirements of the heads of state and jointly safeguard the hard-won results of the dialogue. The US side also stated that it will work with China in accordance with the requirements of the call between the two heads of state and jointly implement the "London Framework". It is hoped that the US side will do what it says and what it does, just like China, and show the spirit of integrity in abiding by its commitments and the efforts to implement the consensus, so as to resolve the economic and trade issues between the two countries through equal dialogue.

US Vice President Vance: Not sure whether Iran seeks to possess nuclear weapons.

Market news: G7 tries to avoid conflict with Trump by canceling joint statement.

Oracle (ORCL.N) executives: A contract has been signed with Temu, and Temu is migrating its infrastructure to the Oracle cloud platform.