Pre-market news flash on US stocks

Zhitong
2024.07.31 12:35

① In July, ADP employment in the United States increased by 122,000, the smallest increase since January 2024, with an expectation of 150,000. The previous value was revised from 150,000 to 155,000. ② As of the time of publication, Dow Jones futures rose by 0.23%, S&P 500 futures rose by 1.19%, and Nasdaq futures rose by over 2%. ③ The DAX index in Germany rose by 0.41%, the FTSE 100 index in the UK rose by 1.18%, the CAC 40 index in France rose by 1.24%, and the Euro Stoxx 50 index rose by 0.98%. ④ WTI crude oil rose by 3.47% to $77.32 per barrel. Brent crude oil rose by 2.66% to $80.15 per barrel. ⑤ The yield spread on U.S. Treasuries widened, with the 2-year yield falling to its lowest level since February. ⑥ The stock market is hiding a potentially destructive debt bubble, with experts warning that non-productive assets could trigger a financial tsunami. ⑦ Uber's pre-market stock rose by nearly 2%. In terms of news, Uber announced a partnership with BYD to introduce 100,000 electric vehicles to the Uber platform in multiple global markets. ⑧ XPeng's pre-market stock rose by over 3%, with He Xiaopeng revealing plans to enter the Robotaxi field in the future. ⑨ Starbucks' pre-market stock rose by over 3%, with the company maintaining its forecast for the 2024 fiscal year unchanged

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