Global headlines you need to know before Thursday's US stock market opens

Wallstreetcn
2024.09.26 12:45

The Political Bureau of the Communist Party of China Central Committee held a meeting to analyze and study the current economic situation and economic work.

China Securities Regulatory Commission: Increase the proportion of equity private placement asset management business, improve the supervision of medium and long-term fund transactions.

The number of initial jobless claims in the United States dropped to 218,000 last week, hitting a five-month low.

The final value of the annualized seasonally adjusted real GDP in the United States for the second quarter was 3%, with the PCE price index at 2.8%, both unchanged from the preliminary values.

Significant cooling down! The initial value of durable goods orders in the United States for August was 0%, down from the previous value of 9.8%.

A large block trade emerged in the U.S. short-term interest rate market, marking the largest scale in the history of SOFR futures.

The yen fell to 145 against the dollar, with investors expressing doubts about the narrowing speed of the interest rate differential between Japan and the U.S.

The Swiss National Bank announced its third interest rate cut this year, indicating the possibility of further rate cuts in the future.

Traders are increasing bets on a rate cut by the European Central Bank, with a current expectation of a 50 basis point cut before the end of the year.

Major shift in Saudi Arabia! Transitioning from "production cuts to support prices" to "increased production to maintain market share," causing oil prices to briefly drop by 3%!

OpenAI discusses granting Altman 7% ownership as it transitions to a for-profit company.

SK Hynix's 12-layer HBM3E begins mass production, leading to a stock price surge of over 8%.

Micron Technology surged over 16% in pre-market trading, with last quarter's revenue soaring over 90% and guidance for this quarter surpassing expectations.

Accenture's U.S. stock rose over 4% in pre-market trading, exceeding market estimates for the fourth quarter revenue.

Alibaba and JD.com mutually open up: JD.com's logistics enters Taobao, while Alipay enters JD.com.

Morgan Stanley raised its target price for Tencent's Hong Kong shares from 450 Hong Kong dollars to 480 Hong Kong dollars.

Deutsche Bank and UniCredit in a major power struggle: Deutsche Bank seeks independence, while UniCredit aims for a merger.

Nikkei 225 index closed up 2.8%; Shanghai Composite Index closed up 3.61%; Hang Seng Index closed up 4.16%