Hot news

• August retail sales data exceeded expectations, and the three major futures indices rose slightly.

US retail sales in August increased by 0.1% on a month-on-month basis, lower than the expected decrease of 0.2%. The unexpected rise in US retail sales in August suggests that the US economy remained on a steady footing for most of the third quarter. As of the time of writing, the three major US stock index futures have slightly increased.

• China concept stocks are collectively up in pre-market trading.

Before the US stock market opens, popular China concept stocks are rising collectively. $Li Auto (LI.US)$ up nearly 6%, $XPeng (XPEV.US)$Some rose more than 2%. $Alibaba (BABA.US)$Please use your Futubull account to access the feature.$PDD Holdings (PDD.US)$Please use your Futubull account to access the feature.$JD.com (JD.US)$Please use your Futubull account to access the feature.$NIO Inc (NIO.US)$ Shares rose more than 1%.

• Intel rose nearly 7% pre-market, with multiple positive news: manufacturing AI chips for Amazon and qualifying for US government funding.

According to media reports on Monday, $Intel (INTC.US)$ Not only did it finally qualify to manufacture semiconductor components for the Pentagon and receive contracts worth up to $3.5 billion, but it will also customize AI chips for Amazon. The two sides have reached a cooperation framework for product and wafer for several years. In addition, there are also reports that Intel has decided to spin off its chip manufacturing business as an independent branch and seek external funding for this business. As of the time of submission, Intel's pre-market trading was up nearly 7%.

• Microsoft has issued a "red envelope": a 10% increase in dividends and plans to repurchase up to $60 billion.

$Microsoft (MSFT.US)$ Shares rose nearly 2% pre-market. The board of directors announced that the dividend for this quarter will be $0.83 per share, an increase of $0.08 per share from the previous quarter, an increase of 10% compared to the previous quarter. While increasing the dividend, the Microsoft board of directors also approved a new share buyback program, authorizing the company to repurchase up to $60 billion in stock without setting a deadline. Microsoft stated that the new share buyback program has no expiration date and may be terminated at any time.

• Bitcoin rebounded above $59,000, and the concept stocks of cryptocurrencies rose before the market.

$Bitcoin (BTC.CC)$ Short-term rally, now up 2% above $59,000. $Ethereum (ETH.CC)$ Up 1.5%, at $2,319.1. Cryptocurrency concept stocks are strong before the market. $Iris Energy (IREN.US)$ Up nearly 3%. $CleanSpark (CLSK.US)$Please use your Futubull account to access the feature.$MicroStrategy (MSTR.US)$Please use your Futubull account to access the feature.$MARA Holdings (MARA.US)$ Rising by over 2%. $Coinbase (COIN.US)$ Up nearly 2%.

• Palantir rose nearly 2% pre-market, forming a partnership with Nebraska Medicine.

$Palantir (PLTR.US)$ pre-market trading rose by nearly 2%, reaching a partnership agreement with Nebraska Medicine to advance medical care using ai technology. In addition, Bank of America analysts maintained their buy rating and target price of $50.

• Wedbush: AI stocks like Nvidia will benefit from the Fed rate cut.

Investment bank Wedbush stated in an investor report that if the Fed cuts rates this week, a range of tech stocks may benefit, especially the hottest companies in the field of artificial intelligence, including $NVIDIA (NVDA.US)$Please use your Futubull account to access the feature.$Microsoft (MSFT.US)$and$Oracle (ORCL.US)$,$Palantir (PLTR.US)$,$Salesforce (CRM.US)$,$Dell Technologies (DELL.US)$and$IBM Corp (IBM.US)$and$Apple (AAPL.US)$Please use your Futubull account to access the feature.$Advanced Micro Devices (AMD.US)$And$ServiceNow (NOW.US)$.

Global macro

• The Federal Reserve is also in a difficult position! The "New Fed News Agency" reiterates the uncertainty: the magnitude of the first interest rate cut is still unknown.

As the Federal Reserve is about to cut interest rates for the first time in over four years, the market is uncertain about the magnitude of the rate cut. One of the culprits causing this situation is Nick Timiraos, a well-known financial journalist known as the "new Fed communications agency", who previously stated that a 25 basis point or 50 basis point interest rate cut was a "close call". On Tuesday, he once again wrote that the scale of the first interest rate cut by the Fed is uncertain.

• Will copper prices soar in the long term? BHP Group Ltd: The AI ​​wave will intensify the copper shortage.

Although the global copper market is still in a phase of weak demand, mining giant BHP Group Ltd. still warns that copper demand will soar in a few years, leading to a surge in copper prices. BHP Group Ltd. believes that with the development of the AI wave, copper demand will also soar in the future. They point out that copper is a key metal for clean energy transformation, and the development of AI will intensify the copper shortage.

• Bank of America survey: The prospect of Fed rate cuts boosts investor confidence, cyclic stocks are expected to benefit significantly from the rate cuts.

A global survey by a national bank shows that the optimistic sentiment surrounding the highly anticipated interest rate cut by the Federal Reserve has boosted investor confidence, the first time since June. The survey shows that stocks related to the economy (or so-called cyclical stocks) are likely to benefit from a larger tactical rate cut. Currently, investors prefer sectors that are considered bond proxies, with the risk exposure of the utility sector reaching the highest level since 2009.

• The yen soared to break through the 140 level! Japanese individual investors rushed to close their long positions as their bullish positions decreased significantly.

The exchange rate of the Japanese yen against the US dollar rose above the key level of 140 yen per dollar on Monday, the first time in a year. In this situation, Japanese forex margin traders have been closing their long positions in yen. Data from the Tokyo Financial Exchange's forex trading platform, Click 365, shows that net long positions in yen against the US dollar fell to their lowest level in about four months on Monday. In addition, open positions of buying US dollars and selling yen also reached their highest level since the end of July, indicating that individual investors have started selling yen after five consecutive days of the yen's rise against the US dollar.

Bilibili rose more than 3% pre-market trading and was upgraded to "buy" by UBS, which raised its EPS estimate per share.

Reminder for US Macro Events

(All in Peking Time)

21:15 US industrial production rate for August

22:00 US NAHB Housing Market Index for September

22:00 US business inventory rate for July

22:00 2026 FOMC voting member and Dallas Fed President Logan pre-recorded a welcome speech for the 11th Regional Banking Conference hosted by the Fed.

Editor/Somer