Zhitong
2024.07.29 12:46

Pre-market news on US stocks

① Pre-market trading in US stock index futures strengthened on Monday, with global stock markets rising. The trading logic remains the rebound of technology stocks from last Friday. This week, the market will welcome a very busy trading week, with decisions from the central banks of the UK, US, and Japan looming, US non-farm payroll data on the horizon, and continued financial reports from tech giants, keeping traders highly vigilant. ② As of the time of writing, Dow Jones Industrial Average (DJIA) futures rose by 0.5%, S&P 500 index futures rose by 0.6%, and Nasdaq futures rose by 0.7%. ③ Germany's DAX index rose by 0.3%, UK's FTSE 100 index rose by 0.8%, France's CAC 40 index fell by 0.3%, and Europe's Stoxx 50 index dropped by 0.01%. ④ WTI crude oil fell by 0.49% to $76.78 per barrel. Brent crude oil fell by 0.40% to $79.96 per barrel. ⑤ This week, monetary policy decisions in the US, Japan, and the UK will be in focus. Investors will be seeking answers regarding the recent path of interest rates, as the market has been disturbed by conflicting signals from major economies. ⑥ The Bank of Japan is expected to announce detailed information on reducing its monthly bond purchase program at the end of a two-day policy meeting on Wednesday, with most economists still believing that a rate hike is possible. ⑦ Tesla rose by 2% in pre-market trading, with Musk stating that the Full Self-Driving (FSD) feature is expected to be opened to Cybertruck next month. ⑧ Philips surged by over 10% in pre-market trading, with Q2 adjusted pre-tax profits exceeding expectations and reaffirming full-year guidance. ⑨ Abbott Laboratories fell by over 5% in pre-market trading, as a jury ruled that it must pay $95 million in damages in a lawsuit