Awaiting the Federal Reserve's decision, pre-market stock index futures in the US are relatively stable, while international oil prices have dropped by 1%
Wall Street is still debating whether the Fed will cut interest rates by 25 basis points or 50 basis points tomorrow night. Before the US stock market opens, the market is waiting for the Fed's important decision, with futures of the three major indices trading narrowly, and tech stocks showing mixed movements. International oil prices remain weak, with Brent crude and WTI crude both falling by about 1%
The Federal Reserve is about to cut interest rates for the first time. Although the expectation of a 50 basis point cut is increasing, Wall Street is still debating whether it will be 25 basis points or 50 basis points. On one hand, the new bond king advocates for a 50 basis point cut, while on the other hand, Bridgewater Associates founder Dalio believes that a 25 basis point cut is the right move.
Before the U.S. stock market opens today, the futures of the three major U.S. stock indexes are trading narrowly.
Semiconductor stocks are mixed, with Intel and Micron slightly down, NVIDIA slightly up, TSMC up by 0.68%, and ASML down by 0.66%. Google is slightly up by 0.28% in pre-market trading, and Google's parent company Alphabet has won a lawsuit against the EU's €1.49 billion antitrust fine on advertising.
Some Chinese concept stocks are falling, with Li Auto dropping by over 1%.
Most major European stock indexes opened lower, with the Euro Stoxx 50 index down by 0.05%, the German DAX index up by 0.07%, the UK FTSE 100 index down by 0.13%, and the French CAC 40 index down by 0.03%. The current trends are as follows:
Asian stock indexes are mixed. The Nikkei 225 index closed slightly higher, while the Indian stock market fell by 0.2%.
International oil prices remain weak, with Brent crude and WTI crude both falling by about 1%.
