Recently, the global political and economic situation has presented several focal points worth following. Domestically, the Central Bank held its second quarter regular meeting, proposing to strengthen the monetary policy regulation efforts to cope with the current economic situation. Meanwhile, the Securities Regulatory Commission has intensified its crackdown on financial fraud, for the first time holding related parties accountable for their collusion, demonstrating the regulatory authority's determination to maintain market fairness.

In terms of the capital market, the Shanghai and Shenzhen Stock Exchanges are considering adjusting the price fluctuation limit for risk warning stocks on the main board to 10%, aiming to optimize the market mechanism. In addition, data released by the National Bureau of Statistics shows that from January to May, the total profit of industrial enterprises above the designated size nationwide decreased slightly by 1.1% year-on-year, reflecting that the current economy is still under certain pressure.

In the field of international relations, China’s Foreign Minister Wang Yi is about to visit the EU headquarters and participate in the thirteenth round of high-level strategic dialogue between China and the EU, demonstrating the ongoing advancement of China-EU relations. It is worth noting that new positive signals have also emerged in China-US relations. The Ministry of Commerce stated that China will legally approve export applications for controlled items that meet the criteria, while the US will correspondingly lift a series of restrictive measures against China, which may indicate a thawing of bilateral relations.

In the global financial markets, the US stock market performed strongly, with both the S&P 500 and Nasdaq indices hitting new highs. However, US consumer spending unexpectedly declined in May, while inflation rose moderately, complicating market expectations regarding the future monetary policy direction of the Federal Reserve. Some analysts believe that the Federal Reserve may implement multiple rate cuts in 2025.

In terms of geopolitics, Russian President Putin stated plans to cut military spending and is prepared to hold a new round of negotiations with Ukraine, while maintaining an open attitude towards talks with the United States. This statement could bring new opportunities to ease the current tensions.

At the same time, the situation in the Middle East remains complex. Former US President Trump announced the cessation of all work related to lifting sanctions on Iran and warned that he might reconsider airstrikes against Iran. Israel has also stated that it will regularly take action to respond to related threats.

In terms of trade, the EU and the US are reportedly confident in reaching a tariff agreement before the July deadline, which could have a positive impact on global trade. However, trade negotiations between the US and Canada are at a standstill.

Overall, the current global political and economic situation presents complex and variable characteristics, and the policy adjustments and diplomatic interactions of various countries will continue to influence the direction of global economic development.