Wallstreetcn
2024.10.16 12:31

Global headlines you need to know before Wednesday's US stock market opens

The Ministry of State Security: A certain overseas company is conducting illegal mapping activities under the guise of researching intelligent driving for cars. Edward Yau: Hong Kong will establish an international gold trading market and relax the maximum loan-to-value ratio for property mortgages. Mortgage rates in the United States have risen to the highest level since early August, leading to a significant decrease in home buying and refinancing activities. In September, the UK's CPI increased by 1.7% year-on-year, reaching the lowest level since 2021. Bank of Japan board member Masaki Ando: Will maintain an accommodative financial environment while raising interest rates. IEA: AI power consumption is nothing compared to the future "power-hungry" sector, which will require three times the power of data centers. Morgan Stanley's pre-market trading in US stocks rose by over 3%, with Q3 net revenue and earnings per share exceeding expectations. Novavax's pre-market trading in US stocks fell by over 30%, as the company announced that the US FDA has suspended its clinical application for a new coronavirus vaccine. Pre-market Chinese stocks rebounded, with ASML falling nearly 5%, Intel falling 3%, European and Asian stock markets trending lower, oil prices stabilizing, and gold approaching historical highs. The Nikkei 225 index fell by 1.8%, the Shanghai Composite Index rose by 0.05%, and the Hang Seng Index fell by 0.16%