Pre-market trading in the US sees slight gains in the three major futures indices, with Oracle up nearly 9%. European stocks are collectively rising, while international oil prices are up over 1%

Pre-market trading in the US saw a slight increase in the three major index futures, with Oracle up nearly 9%. European stocks rose collectively, while international oil prices rose by over 1%. The yield on the US 10-year Treasury bond slightly declined, with gold trending lower and silver and copper moving higher. The key focus is on the month-on-month core CPI and the Federal Reserve's decision. The market expects the FOMC to possibly stand pat, with the forecast for rate cuts potentially being reduced from three times to two or even once. If inflation unexpectedly heats up again, it may prompt more Fed officials to revise down the number of rate cuts for this year to just one in the "dot plot"

On Tuesday, June 11th, before the U.S. stock market opened, the futures of the three major stock indexes rose slightly, with the Dow futures up 0.11%, the S&P 500 futures up 0.12%, and the Nasdaq 100 futures up 0.12%.

In the tech sector, Oracle rose nearly 9% in pre-market trading, despite disappointing financial reports, due to collaborations with OpenAI and Google. Among the "Seven Sisters" of U.S. stocks, NVIDIA saw a slight increase.

GameStop fell nearly 6% in pre-market trading after announcing a stock issuance to raise approximately $2.137 billion.

In the popular Chinese concept stocks, the pre-market movements were mixed, with Zhihu rising over 2% as its first-quarter total revenue exceeded expectations. Nio fell by 3.59%, XPeng rose by 0.4%, Li Auto fell by 1.89%, Alibaba dropped by 0.6%, and NetEase rose by 0.5%.

In terms of market news, the "most exciting Wednesday" is here, with tonight's U.S. CPI data and the Federal Reserve's decision being highly anticipated by global investors.

Here are the key points to watch:

Focus on the month-over-month Core CPI. If the Core CPI and the crucial OER rent are weaker than expected, the market may start pricing in a rate cut in July.
The month-over-month Core CPI will also be a key variable determining the daily movements of the U.S. stock market. A core inflation rate increase above 0.3% will bring pressure to the market. With a probability of 25% for a range between 0.25% - 0.30%, the S&P 500 index is expected to rise between 0.75% and 1.25%.
The FOMC Federal Reserve is highly likely to "stand pat" this time. Most analysts expect the number of rate cuts forecasted in the June dot plot to be revised down from three times in March to two times or even once, with some predicting no rate cuts this year.
If inflation heats up again beyond expectations, it may prompt more Fed officials to lower the number of rate cuts to once in the dot plot for this year; if the data is broadly in line with expectations, the expectation of two rate cuts this year may prevail

European stocks collectively rise

The French CAC40 index rose by 0.25%, the German DAX30 index rose by 0.42%, the UK FTSE 100 index rose by 0.63%, and the Euro Stoxx 50 index rose by 0.38%.