Zhitong
2024.10.11 13:02

Pre-market news flash on US stocks

① U.S. stock index futures rose slightly before the market opened on Friday, with September PPI higher than expected and several banks releasing their earnings, kicking off the earnings season. ② As of the time of writing, Dow futures rose by 0.12%, S&P 500 futures rose by 0.07%, and Nasdaq futures fell by 0.10%. ③ The German DAX index rose by 0.19%, the UK's FTSE 100 index fell by 0.09%, the French CAC 40 index rose by 0.10%, and the Euro Stoxx 50 index rose by 0.11%. ④ WTI crude oil fell by 0.90% to $75.17 per barrel. Brent crude oil fell by 0.92% to $78.67 per barrel. ⑤ Wall Street banks are expected to launch a series of bond sales next week to take advantage of ultra-low credit spreads and strong investor demand. ⑥ Despite the signal from the Federal Reserve that it will shift its focus from price stability to full employment, investors have been closely watching CPI data to confirm that inflation is under control. ⑦ Tesla fell nearly 6% in pre-market trading, announcing the launch of self-driving rental cars, which industry insiders say are very expensive. ⑧ Uber rose nearly 3% in pre-market trading, with Bank of America pointing out its potential to benefit from the competition in the autonomous car market. ⑨ TSMC rose by 1.23% in pre-market trading, with Morgan Stanley stating that the company is expected to maintain revenue growth momentum over the next five years