---
title: "Global news you need to know before the U.S. stock market opens on Thursday"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/244265461.md"
description: "On Thursday before the US stock market opened, global news included: Li Qiang stated that China is willing to strengthen cooperation with the European Central Bank; the Ministry of Commerce will review rare earth export licenses; Boeing 787 aircraft experienced a crash, with stock prices plummeting over 8%; the US May core PPI increased by 3% year-on-year, raising expectations for interest rate cuts; the number of initial jobless claims in the US was higher than expected; Trump will sign an order banning mandatory electric vehicles in California; the UK economy contracted, increasing expectations for interest rate cuts; XPeng is developing AI chips; Tencent is considering acquiring Nexon; CureVac's stock price rose over 32%, and BioNTech will acquire it; US stock index futures slightly declined, while the US dollar index and US Treasury yields fell significantly"
datetime: "2025-06-12T13:00:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/244265461.md)
  - [en](https://longbridge.com/en/news/244265461.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/244265461.md)
generator: "portal-rs"
---

# Global news you need to know before the U.S. stock market opens on Thursday

Li Qiang: China is willing to strengthen cooperation with the European Central Bank on international monetary system reform and other aspects.  
 According to CCTV, the Ministry of Commerce: will review rare earth export license applications in accordance with laws and regulations.  
 Boeing adds to its dark history, with the first accident of the 787 passenger aircraft, causing its stock price to plummet over 8%.  
 Below expectations! The U.S. core PPI in May increased by 3% year-on-year, raising expectations for two interest rate cuts by the Federal Reserve this year.  
 The number of initial jobless claims in the U.S. last week was higher than expected, with continuing claims soaring to the highest level since the end of 2021.  
 According to Reuters, Trump will sign a resolution to ban California's electric vehicle mandate.  
 The UK economy has experienced its most severe contraction in 18 months, with interest rate cut expectations soaring.  
 European Central Bank Governing Council member Simkus: It is crucial to pause interest rate adjustments; ECB Executive Board member Schnabel believes the interest rate cut cycle is nearing its end.  
 According to the Financial Times, XPeng is developing artificial intelligence chips and is in talks to supply them to automakers.  
 Report: Tencent is reportedly considering acquiring South Korean game developer Nexon, which currently has a market value of $15 billion.  
 Ant Group responds to its application for a stablecoin license in Hong Kong: will submit as soon as the relevant channels are opened.  
 CureVac's U.S. stock pre-market rose over 32%, with reports that BioNTech will acquire the biotech company CureVac for $1.25 billion.  
 U.S. stock pre-market: The U.S. job market is cooling! The three major U.S. stock index futures are slightly down, the U.S. dollar index and U.S. Treasury yields have significantly decreased, oil prices have surged and then retreated, and spot gold has risen over 1%.  
 The Nikkei 225 index closed down 0.6%, the Shanghai Composite Index closed up 0.01%, and the Hang Seng Index closed down 1.36%

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**