Global news you need to know before Monday's U.S. stock market opens

Wallstreetcn
2025.02.03 14:01

Before the US stock market opens, major tech stocks are generally down, with NVIDIA and Tesla both falling over 3%; cryptocurrency-related stocks are also declining, with Coinbase down over 7%. Traders have lowered their predictions for Federal Reserve interest rate cuts, estimating only a 50% chance of two cuts in 2025. Eurozone inflation unexpectedly accelerated, supporting the European Central Bank's cautious stance. The yield on Japan's 10-year government bonds reached 1.26%, a new high since 2011. Ontario, Canada, has banned US companies from participating in provincial contracts and "tore up" its contract with Starlink. Musk stated that the Department of Efficiency (DOGE) is attempting to shut down the US Agency for International Development. Sam Altman announced the development of AI devices aimed at achieving the largest revolution since the iPhone. OpenAI and SoftBank will collaborate to build Japan's artificial intelligence infrastructure. The Nikkei 225 index closed down 2.7%, the A-shares market is closed, and the Hang Seng Index closed down 0.04%

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