Global Financial Briefing | Friday, June 19, 2026: PBOC Fixing, CFETS RMB Index, MLF, LPR

Core Theme: The United States and Iran have signed a memorandum of understanding aimed at ending the war and reopening the Strait of Hormuz via electronic means, which has now taken effect. U.S. President Trump personally signed the document. However, Reuters has noted that Israel remains the biggest variable in sustaining the de-escalation in the Middle East over the next several years. Israeli Prime Minister Netanyahu has insisted that strikes against Hezbollah in Lebanon are not constrained by the U.S.-Iran agreement, while Iran has demanded a ceasefire in Lebanon as well. With respect to the Strait of Hormuz, U.S. Central Command has issued an update.

I. Global Stock Market Performance

U.S. Equities (Close, June 18)

Dow Jones Industrial Average: 51,564.70, +0.14%

• S&P 500 Index: 7,500.58, +1.08%
• Nasdaq Composite Index: 26,517.93, +1.91%

European Equities (Close, June 18)

Germany DAX30: 25,026.80, +0.37%

• France CAC40: 8,467.98, +0.44%
• UK FTSE 100: 10,399.70, -1.04%
• Euro Stoxx 50: 6,323.27, +0.37%

Asia-Pacific Equities (Close, June 18)

Shanghai Composite Index: 4,090.48, -0.43%

• Shenzhen Component Index: 16,030.70, +0.94%
• ChiNext Index: 4,252.39, +2.05%

Hong Kong Stocks

Hang Seng Index: 23,924.81, -1.59%

• Hang Seng China Enterprises Index: 7,976.04, -2.06%
• Hang Seng Tech Index: 4,604.35, -1.39%

Japan & Korea

Nikkei 225: 71,053.49, +1.65%

• Korea KOSPI: 9,063.84, +2.25%

II. Commodities

Precious Metals

Spot Gold: USD 4,203.95 / oz, -0.12%

• COMEX Gold Futures: USD 4,223.50 / oz, -0.53%
• Shanghai Gold Exchange Au99.99: CNY 935.86 / g, -0.35%
• Gold T+D: CNY 935.79 / g, -0.52%
• SHFE Gold Main Contract: CNY 937.96 / g, -0.56%

Energy

WTI Crude: USD 75.55 / bbl, -0.40%

• Brent Crude: USD 79.85 / bbl, +0.38%
• UAE Murban Crude: USD 73.93 / bbl, -0.51%
• Shanghai (INE) Crude Main Contract: CNY 508.50 / bbl, -0.86%

Industrial Metals

LME Copper: USD 13,655.00 / t, -1.30%

• LME Aluminum: USD 3,393.50 / t, -0.91%
• SHFE Copper Main Contract: CNY 104,780 / t, -0.48%
• Yangtze River Spot #1 Copper: CNY 105,270 / t

III. Currency Indices

Exchange Rates

CFETS RMB Index (updated June 19): 101.49, +0.16%

• RMB Exchange Rate: June 18 fixing 6.8130, -34 bps; Onshore RMB 6.7623, -54 bps; Offshore RMB 6.7784, -22 bps
• BIS Basket RMB Index (updated June 12): 109.30, +0.15%
• U.S. Dollar Index (June 19): 100.80, +0.45%

Money Market Rates (Shibor + DR007)

Shibor:

Overnight: 1.4210%, +0.60 bp

• 7-day: 1.4620%, -0.20 bp
• 14-day: 1.4890%, +0.40 bp
• 1-year: 1.4800%, +0.15 bp
• DR007 weighted average: 1.4606%
• DR001: 1.4317%

1-Year MLF & LPR

• 1-Year Medium-term Lending Facility (MLF) (updated May 25)
  Operation size: CNY 600 billion (1-year tenor)
  Interest rate: 2.50%
• Loan Prime Rate (LPR) (updated May 20)
  1-Year LPR: 3.00%
  5-Year+ LPR: 3.50%

IV. Bond Yields

China Government Bond Yields

China 1-Year CGB: 1.150%, -7.18%

• China 5-Year CGB: 1.438%, -4.77%
• China 10-Year CGB: ... (continued)

Source: Eastmoney FX Channel