Hot news
All three major futures indexes are up, with Nasdaq futures up over 2%.
The Federal Reserve cut interest rates significantly by 50 basis points overnight, but Powell hinted that there is no rush to cut rates significantly again. The global market is digesting the impact of the Fed's rate cut on the global financial market.
As of the time of publication, all three major U.S. stock index futures are up. $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ Rising by over 2%. $E-mini S&P 500 Futures(DEC4) (ESmain.US)$Please use your Futubull account to access the feature.$E-mini Dow Futures(DEC4) (YMmain.US)$ Up more than 1%.
Growth tech stocks collectively strengthen pre-market trading
As of the time of publication, $ASML Holding (ASML.US)$ Pre-market trading up nearly 5% $NVIDIA (NVDA.US)$Please use your Futubull account to access the feature.$Tesla (TSLA.US)$Please use your Futubull account to access the feature.$Advanced Micro Devices (AMD.US)$Please use your Futubull account to access the feature.$Taiwan Semiconductor (TSM.US)$ Up more than 3%, Wheaton Precious Metals (WPM.US) fell more than 13%, with silver falling more than 4%, and others falling more than 2%. $Meta Platforms (META.US)$ Rising by over 2%. $Apple (AAPL.US)$Please use your Futubull account to access the feature.$Amazon (AMZN.US)$Please use your Futubull account to access the feature.$Microsoft (MSFT.US)$ Up nearly 2%.
China concept stocks are collectively up in pre-market trading.
As of the time of publication, $JD.com (JD.US)$Please use your Futubull account to access the feature.$Bilibili (BILI.US)$ Up over 6% pre-market trading. $Alibaba (BABA.US)$ Up more than 4%. $PDD Holdings (PDD.US)$Please use your Futubull account to access the feature.$Li Auto (LI.US)$ up nearly 3%.
Cryptocurrency concept stocks in the US pre-market are rising.
Bitcoin hits $63,000 today, and cryptocurrency concept stocks are rising pre-market. $CleanSpark (CLSK.US)$Up more than 6%. $MicroStrategy (MSTR.US)$Please use your Futubull account to access the feature.$MARA Holdings (MARA.US)$Please use your Futubull account to access the feature.$Riot Platforms (RIOT.US)$ Rising more than 5%, $Coinbase (COIN.US)$ up more than 4%.
Tesla rose nearly 3% pre-market, with Robotaxi about to debut, and Wall Street institutions are actively bullish.
$Tesla (TSLA.US)$ Pre-market trading in the US rose by nearly 3%. With news of the "Tesla Robotaxi unveiling ceremony" just around three weeks away, investors and Wall Street analysts are eagerly anticipating this Tesla event. Some short-sellers have even turned bullish due to the potential of Robotaxi, and they are all hoping that this highly anticipated unveiling ceremony will drive a major rebound in Tesla's stock price.
The EU has warned Apple to open its highly protected iPhone and iPad operating systems to competitors, or else it may face substantial fines based on the EU's digital antitrust regulations.
EU Warning $Apple (AAPL.US)$ To open its highly protected iPhone and iPad operating systems to competitors, Apple may ultimately face substantial fines under the EU digital antitrust regulations.
Exicure soared by nearly 150% in pre-market trading and obtained an extension of its listing qualification.
Biotechnology company $Exicure (XCUR.US)$ 盘前飙涨近150%，消息面上，公司昨日宣布于9月17日收到纳斯达克听证小组的通知，该小组批准延长公司的上市资格。另外，公司已重新达到纳斯达克的最低竞价要求，并以每股3.00美元的价格，将约1 million美元的债务转换为股权。
诺和诺德与一加拿大公司达成合作，共同推进一款基因药物
NanoVation Therapeutics（简称NanoVation公司，总部位于加拿大）宣布，与 $Novo-Nordisk A/S (NVO.US)$ 达成一项多年研发合作伙伴关系，旨在共同推进针对心脏代谢性疾病和罕见病的创新基因药物（genetic medicine）的开发。该合作将NanoVation公司的专有长循环脂质纳米粒子（lcLNP）RNA递送技术与诺和诺德在心脏代谢性疾病和罕见病研发及临床转化方面的专长相结合。
隔夜劲升超38%！直觉机器多张call单壕赚逾10倍
星际电信大突破！太空概念股$Intuitive Machines (LUNR.US)$(Intuitive Machine) rose more than 38% yesterday, with trading volume increasing 17 times compared to the previous trading day to 0.33 million contracts. The largest trading volume was for call options with a strike price of $9 and an expiration date of tomorrow, with 0.027 million contracts, followed by call options with a strike price of $10 and an expiration date of tomorrow, with 0.026 million contracts.
It is worth noting that the premiums for multiple call options with an expiration date of tomorrow and a strike price between $6 and $7.5 have made a profit of more than 10 times.
Global macro
The Fed's first rate cut in four years! BofA predicts: there will be another 75 basis point cut before the end of the year.
BofA Global Research said in a report on Wednesday that it currently expects the Fed to cut rates by 75 basis points in the fourth quarter, compared to the previous expectation of 25 basis points at the November and December meetings. Additionally, BofA forecasts that the Fed may cut rates by another 125 basis points in 2025, bringing the final rate from the current target range for the federal funds rate of 4.75% to 5.00% to the range of 2.75% to 3.00%.
The next question is, where is the endpoint of the interest rate cut and how fast will it be?
According to Powell's speech, the neutral interest rate may be raised and will not continue to cut interest rates at a rate of 50 basis points in the future, and economic data is still the main basis. Nick Timiraos said that cutting interest rates too quickly could delay the achievement of the 2% inflation target, while cutting interest rates too slowly could cause the unemployment rate to rise again. It is expected that the next meeting will continue to face similar uncertainty as this one.
The Bank of England pauses rate cuts and plans to reduce its balance sheet by 100 billion pounds over the next year.
On Thursday, the Bank of England announced its rate decision, keeping the rate at 5.0%, in line with expectations. Last month, the Bank of England cut the benchmark rate from a 16-year high of 5.25% to the current 5.0%. At the same time, the Bank of England maintains the pace of balance sheet reduction, announcing a reduction of 100 billion pounds in bond purchases over the next 12 months.
Citigroup: The Federal Reserve has shifted its focus to the labor market, and employment data will be an important reference.
Jawad Murti, Head of Citigroup's G10 Currency Rates and Foreign Exchange Strategy, said that the Federal Reserve has shifted its focus to the weak labor market, which means that the status of jobless claims and unemployment rates will become increasingly prominent as traders try to predict the direction of Fed policy. I believe the market will continue to adjust its expectations for Fed rate cuts in November and December based on jobless claims data. Other indicators that focus on business activity will play a secondary role.
Witness history! Trump pays for hamburgers and cola with bitcoin.
Trump has set another record: the first former president in US history to use bitcoin for payment. It is reported that he treated guests to burgers and cola at a bar in downtown New York on Wednesday, and promised to end the Federal Reserve's digital currency process and dismiss the SEC chairman.
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)
20:30 The initial jobless claims in the United States for the week ending September 14th.
22:00 The total annualized sales of existing homes in the United States for August.
Editor/Somer
