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⑴ European stock markets edged higher on Wednesday, with both the STOXX 50 and STOXX 600 rising by 0.1%. This follows gains of about 1% and 0.4% respectively in the previous two sessions, with both indices hitting record highs. Investors paused to assess the recent gains while awaiting further details on the US-Iran agreement to reopen the Strait of Hormuz. Market participants are also focusing on the Federal Reserve’s monetary policy decisions.⑵ ASML rose 1.5%, Schneider Electric gained 1.3%, and UniCredit climbed 1%. Leonardo increased 1% after the Italian government conditionally approved the company’s joint venture with Baykar. The automotive sector performed the weakest, with BMW shares falling more than 6% after the automaker lowered its earnings guidance.⑶ Energy stocks also declined as oil prices fell for the fifth consecutive session, with Shell down 1.3%, TotalEnergies down 0.7%, and BP down 1.5%.

Odaily reported, according to an official announcement, Bitget has adjusted the leverage, position tiers, and maintenance margin rate for the SPCXUSDT U-based perpetual contract trading pair. Based on position limits, the maximum leverage has been increased to 100 times. Existing positions held by users prior to the update will be affected and users can adjust relevant parameters according to their own asset allocation needs. For more details, please refer to the Bitget official platform.

The Federal Reserve will announce its interest rate decision and Summary of Economic Projections at 2:00 AM (UTC+8) on Thursday, followed by a press conference held by Waller. While it is almost certain that rates will be left unchanged this month, as this is Waller's first appearance since taking office, there is still considerable uncertainty regarding the statement guidance, the dot plot, and other aspects. The debate between "when to cut rates" and "whether to resume rate hikes" is also intensifying, making his remarks particularly significant. In addition, the U.S. retail sales data for May will be released tonight at 20:30 (UTC+8). Significant market volatility is possible at that time, so please be aware of relevant risks. Click here for more previews...