Zhitong
2024.07.30 12:46

Pre-market news flash on US stocks

① The market is in a "calm before the storm" period, with European stocks rising and US stock futures edging higher. Today, the market will face Microsoft's financial report, which will test the resilience of tech giants. Tomorrow, the Bank of Japan and the Federal Reserve will successively announce their interest rate decisions, with the market on high alert. ② At the time of publication, Dow Jones futures rose by 0.02%, S&P 500 futures rose by 0.3%, and Nasdaq futures rose by 0.4%. ③ The German DAX index rose by 0.4%, the UK's FTSE 100 index fell by 0.2%, the French CAC 40 index rose by 0.4%, and the Euro Stoxx 50 index rose by 0.6%. ④ WTI crude oil fell by 0.66% to $75.31 per barrel. Brent crude oil fell by 0.62% to $78.56 per barrel. ⑤ The Eurozone's GDP grew by 0.3% in the three months ending in June, reaching a new high since the second quarter of 2023, maintaining the same growth rate as the beginning of the year. This growth exceeded the median forecast of 0.2% by economists, as France and Spain outperformed expectations, while Italy also maintained growth, offsetting Germany's 0.1% decline. ⑥ Despite a growth setback in Germany, the most important economy in the Eurozone, the thriving tourism industry in Spain continues to drive growth in the region, with moderate growth in France and Italy. Kaiyuan Macro analyst Palmas pointed out that although second-quarter economic growth exceeded expectations, the Eurozone economy may slow down in the coming months due to recent weak survey data. ⑦ Procter & Gamble fell by nearly 3% in pre-market trading, with fourth-quarter sales falling short of expectations. ⑧ Paypal rose by 6% in pre-market trading, with second-quarter net revenue exceeding market estimates. ⑨ Pfizer rose by over 3% in pre-market trading, with second-quarter performance better than expected