The three major US stock index futures are down, the STOXX 600 index in Europe hits a new high, and popular Chinese concept stocks are generally up. Tesla is slightly up, Nvidia is slightly down, XPeng Motors is up over 4%, Nio is up nearly 2%, and the Euro has fallen below 1.08 against the US Dollar for the first time since March 1st. The weekly initial jobless claims data, the final value of the US PCE price index for the fourth quarter, and the final GDP value to be released at 20:30 tonight are highly anticipated. Xiaomi's car model SU7 holds its listing launch event, with Lei Jun expressing willingness to fight for Xiaomi's car brand with his reputation. This week, attention is focused on the Fed's favorite inflation indicator, the February PCE price index
On Thursday, March 28th, following the historic high set by the S&P overnight, the pre-market futures of the three major US stock indexes collectively fell, while European stocks opened higher. The major national stock indexes showed mixed movements, the US dollar continued to strengthen, gold edged slightly lower, and crude oil rose.
Investors are focusing on the initial jobless claims data to be released at 20:30 tonight. In addition, the US will also release the final values of the PCE price index and GDP for the fourth quarter, with market expectations generally remaining unchanged.
At 19:00 tonight, Xiaomi's car SU7 will hold its listing conference. Xiaomi's founder, chairman, and CEO Lei Jun stated on Weibo: "Three years ago at the Xiaomi car launch event, I said, this is the last time I will start a business in my life. I am willing to stake my entire reputation on fighting for Xiaomi's car."
This week, the market is focusing on the favorite inflation indicator of the Federal Reserve to be released tomorrow night - the February PCE price index, with expectations that the data will continue to show high inflation.
US Stock Futures Decline
Dow futures fell by 0.08%, S&P 500 index futures fell by 0.04%, and Nasdaq 100 index futures fell by 0.06%.
The seven sisters of the US stock market showed small fluctuations, with Tesla slightly up and Nvidia slightly down.
Most popular Chinese concept stocks rose, with XPeng up over 4%, Nio up nearly 2%, Bilibili up over 2%, Pinduoduo up nearly 2%, and JD.com up over 1%.
European Stocks Open Higher
The STOXX 600 index in Europe rose by 0.2% to a historic high, the STOXX 50 index rose by 0.19%, Germany's DAX30 index edged down by 0.02%, France's CAC40 index rose by 0.25%, and the UK's FTSE 100 index rose by 0.26%.
French chipmaker Soitec announced revenue guidance below expectations, causing its stock price to plummet by 10%.
The Euro fell below 1.08 against the US Dollar for the first time since March 1.
The US Dollar against the Japanese Yen stabilized after hitting its highest level in 34 years, with a slight intraday increase of 0.03% to 151.36.
Crude Oil Rises
Brent crude and WTI crude oil both rose by 0.43% and 0.58% respectively.
Spot Gold Shakes and Falls
Spot gold slightly declined by 0.03% to $2194.13 per ounce.
Bitcoin Rises by 1%
Bitcoin rose by nearly 1% intraday, now trading at $70,500 per coin.
