After the S & P 500 and Nasdaq suffered their biggest weekly declines since May last week, pre-market stock index futures rose slightly and US stocks are expected to rebound. Science and Technology Innovation Board, China's version of Nasdaq, got off to a good start, with the first companies rising an average of 140 per cent.

U. S. stock index futures rose slightly before Monday, suggesting that Wall Street is expected to rebound slightly after closing lower last week.

Global news

• Science and Technology Innovation Board, the Chinese version of NASDAQ, went online and made a good start.

  Science and Technology Innovation Board, the Chinese version of NASDAQ, operated by the Shanghai Stock Exchange, rose sharply on its first day of launch. Of the first 25 companies to go public, 16 have doubled their share prices, including chipmakers and healthcare companies.

  These companies rose an average of 140 per cent, with a number of stocks breaking the trigger red line of circuit breakers designed to calm unreasonable fluctuations and temporarily suspended trading. The worst-performing stocks of the day also rose 84%.

• The new British prime minister will announce on Tuesday that Johnson is expected to win.

  The new prime minister to succeed British Prime Minister Theresa May will be announced on Tuesday and is expected to take office the next day. Boris Johnson, the representative of the Brexit campaign, is expected to beat Foreign Secretary Jeremy Hunt to 10 Downing Street. In view of the fact that May's Brexit agreement has not been approved by the British Parliament, the change of prime minister may have a significant impact on the Brexit process.

  The current British Prime Minister Theresa May will leave office on Wednesday.
  

• Japanese economist: Science and Technology Innovation Board is of great significance to the development of China's capital market.

  Chinese Science and Technology Innovation Board opened on the 22nd. In response, Japanese economist Tian Dai Xiumin said that the establishment of Science and Technology Innovation Board is of great significance to the development of China's capital market. Tian Dai Xiumin said: Science and Technology Innovation Board has a great attraction to capital, and investors have realized that Science and Technology Innovation Board, which enhances the ability to serve scientific and technological innovation enterprises, is the due development direction of China's capital market in the future.

• European stock markets rose slightly on Monday.

  The European benchmark pan-European Stoxx 600 index rose 0.19 points, or about 0.05%, to 387.44; Germany's Dax index rose 0.17%; and Britain's FTSE 100 index rose 0.38%.
  

Hot news

• $JD.com (JD.US) $The ranking of the world's top 500 has jumped sharply.

JD.com jumped to 139th this year, up 42 places from last year, ranking first in China's Internet industry and third among global Internet companies for four years in a row, according to Fortune magazine today.

• $LUCKN COFFEE DRC (LK.US) $Work with the largest food manufacturer in the Middle East, up 3.24% before trading.

LUCKN COFFEE DRC signed a strategic cooperation framework agreement with Americana Group, the largest food manufacturing and sales company in the Middle East, and the two sides plan to set up a joint venture to carry out new coffee retail business in the Greater Middle East and India. Through cooperation, the two sides hope to help the rapid rise of the new retail industry in the Greater Middle East and India and bring about a revolutionary change to the catering retail industry in the region.

• $Baidu, Inc. (BIDU.US) $Restructuring the system to cope with byte-beating competition

Since June, Shen Qiu, senior vice president of Baidu, Inc., has made a series of adjustments within the search company to cope with the bouncing byte competition. In terms of user products, Shen's specific adjustments are-- Ping Xiaoli is in charge of Baidu, Inc. App, Baijia account, search, information flow, news and Mini Program as a whole, Ruan Yu, the head of Baijia account, is transferred to the knowledge system, Cao Xiaodong is in charge of watching videos, posting bars, games and other major entertainment projects, and Zhao Shiqi continues to be responsible for the technical construction of the above business. In addition, Shen Qiu personally took over the commercial products, while Shi Youcai was responsible for the sales.

• $Qutoutiao (QTT.US) $Registered capital increased to 10 million

According to Tianyan survey data, Qutoutiao's main operator, Shanghai Jifen Culture Communication Co., Ltd., has undergone industrial and commercial changes, and its registered capital has increased to 10 million, an increase of 566.67 percent. After the change, Tan Siliang, founder of Qutoutiao, is the largest shareholder, holding 44.55%.

• $Apple Inc (AAPL.US) $New patent for Titan project, or for self-driving cars

Apple Inc automobile project Titan has obtained a patent for "suspension structure for by-wire steering". The patent does not use a physical connecting rod to help the steering wheel turn, which can eliminate the turning trend of the steering wheel and improve tire wear. The patent was first filed two years ago. Some analysts say it is likely to be designed for self-driving cars, but there is no guarantee that the patent will actually be applied to the product.

• $Philips (PHG.US) $The performance exceeded expectations and rose nearly 5% before trading.

Philips today released second-quarter results showing that sales rose 8.9 percent year-on-year to 4.671 billion euros, higher than market expectations of 4.59 billion euros, while net profit from continuing operations rose 39.8 percent to 260 million euros. Currently, Philips is up nearly 5% in pre-market trading.

• $Anheuser-Busch Inbev SA (BUD.US) $Sale of Australian business

Anheuser-Busch Inbev SA, Budweiser Brewing Company APAC Limited's parent company, agreed to sell its Australian business to Asahi Group Holdings of Japan at a price of US $11.3 billion, or 77.7 billion yuan, which is expected to be completed in the first quarter of 2020.

• $Ford Motor (F.US) $Canadian factory to lay off 200 workers
  

Ford announced on Friday that it would cut about 200 jobs at its manufacturing plant in Oakville, Ontario, in September and is likely to expand the layoffs in January. Ford blamed the job cuts on falling sales of the Ford Flex and Lincoln MKT models produced at the Oakville plant, as well as another reason why Ford Edge, the most productive model at the Oakville plant, is no longer sold in some European markets.

• $Aikefei (EFX.US) $Fined $700 million for large-scale data breach

Ackerfield, the US credit agency, will pay about $700m to settle a massive data breach with the Federal Trade Commission in 2017, according to people familiar with the matter. In this incident, the social security numbers and other personal information of about 143 million consumers were leaked.

Financial and economic notice

After the US stock market opened on Monday$LOGI.US (Logitech)、$clang Teng Electronics (CDNS.US) $、Whirlpool (WHR.US) $Financial reports will be announced one after another.

As for IPO, the China-listed interactive entertainment technology company that had postponed its listing for some reason.$Blue Hat Interactive Entertainment Technology (BHAT.US) $Finally, it will log on to NASDAQ today at an issue price of US $4, issue 1.8 million shares (originally planned to issue 4.5 million shares) and raise US $7.2 million.