Global news you need to know before the U.S. stock market opens on Tuesday
The U.S. October PPI accelerated recovery, reflecting uneven progress against inflation.
JD.com Q3 revenue grew 5% year-on-year, exceeding expectations, with net profit soaring 48%, and active users experiencing double-digit growth for three consecutive quarters.
Mobile games and advertising revenue surged, with Bilibili's Q3 revenue increasing 26% year-on-year, and adjusted net profit turning positive for the first time.
Federal Reserve Governor Kugler: We must pay attention to both employment and inflation targets simultaneously.
The number of initial jobless claims in the U.S. fell to 217,000 last week, the lowest level since May.
European Central Bank meeting minutes: The downward trend in inflation is strengthening, and risk management is a key consideration for the October rate cut.
Eurozone bonds expanded gains as traders raised bets on ECB rate cuts.
According to Bloomberg, the Japanese government is enriching details of its economic stimulus plan, proposing a 30,000 yen subsidy for low-income households.
UK real yields rose above 1%, the first time since October 2022.
IEA monthly report: The global oil market will face a supply surplus of over 1 million barrels per day by 2025.
Gaming business under pressure! NetEase's Q3 revenue and net profit both shrank, while PC games saw strong growth.
Strong demand for AI! Foxconn: AI server revenue will account for 50% next year.
ASML's U.S. stock rose nearly 4% in pre-market trading, with the company maintaining its 2030 sales forecast at 44 billion to 60 billion euros.
Disney's U.S. stock rose over 10% in pre-market trading, with the company's adjusted earnings per share for the fourth fiscal quarter exceeding estimates.
Chinese concept stocks fell in pre-market trading in the U.S., with a strong dollar impacting everything, gold falling below $2,550, non-U.S. currencies under pressure, the yen falling below 156, and the euro falling below 1.05.
The Nikkei 225 index closed down 0.5%, the Shanghai Composite Index closed down 1.73%, and the Hang Seng Index closed down 1.96%