Wallstreetcn
2024.10.17 12:43

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

Exceeding expectations! US retail sales in September increased by 0.4% month-on-month, highlighting continued consumer support for the economy. AI demand remains strong! TSMC's Q3 net profit surged by 54% year-on-year, with gross margin reaching a historical high, and full-year revenue growth expectations raised to 30%. The European Central Bank cut interest rates by 25 basis points, in line with expectations. The number of initial jobless claims in the US last week was 241,000, lower than expected. Eurozone's September CPI remained stable at 1.7% year-on-year, the first time in three years below the central bank's target value! According to Kyodo News, Japanese labor unions plan to demand a wage increase of "over 5%" in the spring of next year. Yen appreciation dragged down Japan's exports, which declined for the first time in ten months in September. According to Bloomberg, the EU is considering fines for X platform, considering including Musk's business empire's revenue in the calculation. According to HKEX documents, SoftBank Group's stake in Alibaba decreased from 11.01% to 10.93%. In pre-market trading, the semiconductor sector in the US rose, with TSMC up over 8%, gold hitting a new high again, and iron ore falling below $100 per ton. The Nikkei 225 index fell by 0.7%, the Shanghai Composite Index fell by 1.05%, and the Hang Seng Index fell by 1.02%