The Russell 2000 Index has reached its lowest point since May 2024, down 1.6%.

On June 12th, Jin10 Data reported that Daniela Russell, the head of interest rate strategy at HSBC UK, stated in a report that the upcoming UK general election is expected to have minimal impact on UK bonds. Russell said that the Bank of England may start cutting interest rates at the August meeting. Prior to the Bank of England's policy meeting in August, investors' attention may be focused on macroeconomic data. She said: 'Although the general election will distract attention in the short term, we expect its impact on UK bonds to be minimal.' Refinitiv data shows that the market has digested expectations of an 11 basis point rate cut in August and a 31 basis point rate cut in November by the Bank of England. Russell said: 'We believe that the market is seriously underestimating the likelihood of action at the (August) meeting.'

Shailesh Kshatriya, head of North American investment strategy at Russell Investments, pointed out that the market is currently pricing in a probability of about 80% for the Central Bank to cut interest rates at this meeting. Kshatriya said if the Central Bank chooses to keep Intrerest Rate unchanged, the market's reaction will largely depend on its wording. While any decision to stay on hold for now would be seen as hawkish, if the bank's rhetoric does set the stage for a rate cut in July, the market's reaction may not be as severe. If they cut rates as expected, the wording will also be critical. The Central Bank of Canada is likely to adopt a "hawkish easing policy", that is, cut interest rates, but hinted that the rate cut will be much lower than the market expects.

According to a report by Jinshi on June 2, Bank of America pointed out that the buzz around AI has investors pouring record amounts of money into technology stocks. Bank of America analyst Michael Hartnett said the "baby bubble" in artificial intelligence was a major market theme in May. Tech funds attracted a record $8.5 billion in inflows in the week ended May 31, the bank said, citing EPFR Global data. "Monopolistic tech companies" are winning through pricing power and squeezing smaller suppliers, Hartnett wrote in a note, noting that the Nasdaq 100 is currently trading at a low relative to the Russell 2000 small-cap index. A record high. The reverse transaction at this time will be to sell AI shares and buy Hong Kong stocks. Optimism over AI-related stocks gave tech shares an extra boost in May, as investors bet the Federal Reserve would stop raising interest rates, with tech stocks having soared 32% this year.

Russell Investments launches global stock ETF series.

Gold Finance reported that Rashawn Russell, a former executive at Deutsche Bank, was sentenced to 41 months in prison on May 31st in the Eastern District of New York. He was charged with cryptocurrency fraud and attempted bank card fraud. He pleaded guilty to these charges in September last year. According to the US Department of Justice, Russell operated the fraudulent R3 Crypto Fund between November 2020 and August 2022, promising cryptocurrency investments and high returns but actually using investor funds for personal expenses or to repay other investors. In addition, from September 2021 to June 2023, Russell used at least 43 identities to obtain 97 bank cards, intending to engage in fraudulent transactions. In addition to imprisonment, he was also ordered to pay $1.5 million in compensation to the victims. Russell's case is just one example of many cryptocurrency fraud cases in recent months.

The Russell Group of universities, which includes universities such as Oxford, Cambridge, Bristol and Durham, has published a set of principles to help universities harness artificial intelligence, Sky News reported on July 4. Backed by vice-chancellors at 24 Russell Group universities, the statement said it wanted to support the ethical and responsible use of tools such as ChatGPT, while striving to maintain academic integrity. The use of generative AI in teaching and assessment "has the potential to enhance students' learning experiences, improve critical reasoning skills, and prepare students for real-world applications of generative AI technologies," the statement said. “Ensuring academic integrity and the ethical use of generative AI can also be achieved by fostering an environment in which students can ask questions about specific cases of its use and openly discuss related challenges without fear of being criticized. punish."