Zhitong
2024.09.30 12:53

Pre-market news flash on US stocks

① U.S. stock index futures slipped slightly before the market opened on Monday, as economic uncertainty intensified. Coupled with heightened tensions in the Middle East, a large amount of U.S. economic data is set to be released this week, including the non-farm payroll report which may determine whether the Federal Reserve will make another significant interest rate cut in November.

② At the time of writing, Dow futures fell by 0.18%, S&P 500 futures fell by 0.25%, and Nasdaq futures fell by 0.28%.

③ The German DAX index fell by 0.61%, the UK's FTSE 100 index fell by 0.75%, the French CAC 40 index fell by 1.67%, and the Euro Stoxx 50 index fell by 0.95%.

④ WTI crude oil fell by 0.40% to $67.91 per barrel. Brent crude oil fell by 0.25% to $71.36 per barrel.

⑤ Later this week, traders will closely monitor inflation and manufacturing activity data in the Eurozone, as well as the U.S. jobs report on Friday. This will help assess the prospects of a year-end interest rate cut by the Federal Reserve.

⑥ The latest MLIV Pulse survey shows that with the Federal Reserve continuing to cut interest rates, most respondents predict that the performance of the U.S. stock market for the remainder of the year will surpass the government and corporate bond markets.

⑦ Stellantis fell by over 11.7% in pre-market trading, lowering its full-year adjusted profit margin guidance.

⑧ Stellantis fell by over 11.7% in pre-market trading, lowering its full-year adjusted profit margin guidance.

⑨ JD.com continued to rise by over 7% in pre-market trading, investing 1.5 billion yuan to strengthen its presence in the Hong Kong market