Pre-market updates on US stocks
1. The futures of the three major US stock indexes rose and fell unevenly: the Dow futures rose by 0.07%, the S&P 500 futures fell by 0.02%, and the Nasdaq futures fell by 0.02%.
2. European stock market indexes rose and fell unevenly: Germany's DAX30 rose by 0.18%, France's CAC40 fell by 0.25%, Europe's Stoxx 50 fell by 0.05%, and the UK's FTSE 100 rose by 0.30%.
3. The Federal Reserve is expected to cut interest rates to support the increasingly weak labor market, signaling a major policy shift. The market will focus on Powell's speech and economic forecasts.
4. JPMorgan Chase stated that after the Fed cuts interest rates, the long-term outlook for US stocks is positive, with the S&P 500 potentially rising by 15%, but short-term trends may be volatile due to the Fed's statements.
5. Boosted by expectations of a Fed rate cut, spot gold broke through $3700, reaching a historical high, with UBS raising its price target to $3800 and Goldman Sachs being more aggressive with a target of $5000.
6. Traders are betting heavily that Brent crude oil will fall below $50 by the end of the year, as several institutions predict an oversupply in the oil market.
7. Nvidia announced a 11 billion investment in the UK to advance the "Interstellar Gateway" project, partnering with AI giants like OpenAI to build artificial intelligence infrastructure.
8. Tesla reached a confidential settlement with the victims of a fatal crash involving a Model S vehicle equipped with Autopilot in 2019, paying out $243 million a few weeks after being ordered to do so.
9. Lilly's oral weight loss drug Orforglipron tablets achieved a significant weight loss effect of 11.2% in a large clinical trial, potentially reshaping the landscape of obesity treatment.
10. New Fortress Energy surged over 23% in pre-market trading after signing a seven-year, $4 billion liquefied natural gas supply agreement with Puerto Rico.
Latest
2 m ago