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Pre-market trading in the US stocks on Tuesday, with the three major futures indices showing a slight decline.
Pre-market trading of growth tech stocks sees mixed movements, with Google up nearly 2%, Nvidia and Tesla slightly higher, and Apple dropping over 1%.
Pre-market trading of China concept stocks generally rises, with Nio up nearly 4%, Li Auto Inc increasing over 3%, and Xpeng rising almost 3%.
Pre-market trading of new energy autos stocks collectively rise, with the September performance report of electric cars being released.
Pre-market trading of new energy vehicles stocks sees an overall increase, with some automakers releasing their September delivery volumes as follows: $BYD COMPANY (01211.HK)$ September sales volume of 419,426 vehicles, a year-on-year growth of 45.91%. $Li Auto (LI.US)$ In September, 53,709 vehicles were delivered, a year-on-year increase of 48.9%, setting a new record for monthly deliveries. $NIO Inc (NIO.US)$ In September, 21,181 vehicles were delivered, a year-on-year increase of 35.4%. $XPeng (XPEV.US)$ In September, 21,352 vehicles were delivered, a year-on-year increase of 39%, a month-on-month increase of 52%, setting a new record for monthly deliveries. $Xiaomi Corp. Unsponsored ADR Class B (XIACY.US)$ SU7 delivery volume exceeds 10,000 units, achieving the goal of over 10,000 deliveries for the fourth consecutive month. The production target for October is to increase to 0.02 million units.
Tesla wins in investor lawsuit sparked by Musk's autopilot marketing.
$Tesla (TSLA.US)$ 公司成功驳回了一项股东诉讼，该诉讼指控特斯拉关于自动驾驶能力的误导性陈述支撑了其股价，周一，美国地区法官在其裁决中驳回了股东们的指控，这些股东声称马斯克过度宣扬了特斯拉的自动驾驶技术，并做出包括驾驶员可以“在车内睡觉”等承诺。法官发现，部分被指控的夸大其词涉及未来计划，而其他部分则未必虚假。
Germany will step up antitrust supervision on microsoft.
德国联邦卡特尔局9月30日表示，已将 $Microsoft (MSFT.US)$ 列为“对市场竞争具极其重要意义的公司”。该机构称，新的分类意味着微软将受到更严监督，并可能因反竞争行为而面临禁令。德国联邦卡特尔局称，其新权力适用于微软整体，而不仅限于其个别服务或产品。微软发言人表示：“我们认识到我们有责任支持健康的竞争环境，我们将努力在与德国联邦卡特尔局的合作中采取积极主动、协作和负责任的态度。”
苹果盘前跌超1%，巴克莱：维持对苹果 “减持 ”评级
$Apple (AAPL.US)$ Pre-market fell more than 1%, Barclays stated that there is data showing that a major **** supplier cut orders for the iPhone 16 in the December quarter. We have previously discussed the shortened delivery time of the global iPhone 16, both of which indicate soft demand for the iPhone 16. Currently maintaining a "shareholding" rating for Apple, with a target price of $186.
Fangdd Network continued to rise nearly 20% pre-market, with the stock price surging over 146% overnight.
$Fangdd Network (DUO.US)$ The overnight stock price soared 146%, touching a 52-week high at one point. As of the time of publication, the stock rose more than 18% pre-market, trading at $3.66. On the news front, on the night of September 29, the People's Bank of China issued four financial support policies for real estate, involving adjustments to existing home loan rates, reduction of minimum down payment ratio for second homes, extension of the deadline for policies such as the "16 financial measures", and optimization of re-lending policies for affordable housing. The four major state-owned banks subsequently announced adjustments to existing home loan rates, completing bulk adjustments by October 31.
Boeing is reportedly considering raising at least $10 billion through issuing new shares.
According to foreign media reports, insiders said, $Boeing (BA.US)$ The company is considering raising at least $10 billion through the sale of new shares, as the aircraft manufacturer is seeking to replenish its cash reserves further depleted by ongoing strikes.
Global macro
Unlikely to see a significant interest rate cut? Powell expects two more 25 basis point cuts this year.
Powell noted in his speech on Monday that the rate cut in September had already begun this process, and future adjustments will be made based on changes in economic data. Powell said, 'By appropriately recalibrating our policy stance, the strong performance of the labor market can be maintained in an environment of moderate economic growth and sustainable inflation decline.' He also added, 'Overall, the economic conditions are good, and we intend to use our tools to maintain this situation.' Powell expects two more 25 basis point rate cuts this year if the economy continues on its current path.
Boston Fed's Rosengren: Willing to consider further 50 basis point rate cut if labor market unexpectedly weakens.
Boston Fed's Rosengren stated that if the labor market unexpectedly weakens, they are willing to consider a further 50 basis point rate cut. The baseline expectation is for a 'orderly' easing of policies, with inflation expected to continue to slow down and the labor market to remain steady. As the core PCE index is still at 2.7%, they are cautious about being too confident in inflation. They will closely monitor the upcoming employment data, and if job growth falls significantly below 0.1 million positions, a deeper exploration of the current situation will be needed. Recent PCE data indicates that inflation remains above the trajectory for a slowdown.
Blackrock upgrades its rating on China stocks to overweight.
Blackrock Investment Institute stated that it has raised the rating of China stocks from neutral to overweight. The institution believes that as the discount of China stocks relative to stocks in developed markets approaches record levels, and there are potential catalysts that could stimulate investors to re-enter the market, there is still moderate room for shareholding China stocks in the short term.
On the first day of the National Day holiday, the Chinese tourism consumption market ushered in a new peak.
The enthusiasm for tourism consumption erupted during this National Day holiday, and on the first day of the holiday, the Chinese tourism consumption market welcomed a new peak. Data from Ctrip shows that on the first day of the National Day holiday, tickets for many scenic spots were sold out, with a 37% year-on-year increase in domestic scenic spot ticket orders and a 55% year-on-year increase in homestay bookings. At the same time, outbound tourism also experienced a peak, with a nearly 40% year-on-year increase in outbound travel orders on the platform on the first day of the "Eleven" holiday.
"Stock God" Warren Buffett making moves in Japanese stocks again? Berkshire Hathaway plans to issue yen bonds.
"Stock God" Warren Buffett's Berkshire Hathaway is planning to issue yen-denominated bonds for the second time this year, sparking speculation in the market that the company is seeking to increase its investments in Japan, leading to a rise in Japanese trading company stocks. It is reported that Berkshire Hathaway has hired Bank of America and SMBC Nikko Securities to issue yen-denominated senior unsecured bonds. The company has been a regular issuer of yen bonds since 2019, with the last issuance of such bonds in April.
Fumio Kishida officially elected as Prime Minister of Japan.
On October 1st local time, Fumio Kishida, the new president of the Liberal Democratic Party of Japan, received more than half the votes in the prime ministerial nomination elections held in the temporary session of the House of Representatives and the House of Councillors, officially becoming the 102nd Prime Minister of Japan. On that morning, the Japanese Kishida Cabinet collectively resigned at a special cabinet meeting. Fumio Kishida is 67 years old. He originally worked in a bank, and over his 38 years in politics, he has been involved in multiple fields such as agriculture, security, and regional revitalization, and has served as Secretary-General of the Liberal Democratic Party and Chairman of the Policy Research Council, earning the nickname "Policy Expert".
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)
21:45 September USA Markit Manufacturing PMI
22:00 September USA ISM Manufacturing PMI
22:00 August USA JOLTS Job Openings
23:00 USA Atlanta Fed President Bostic Speech
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