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• Federal Reserve officials set the tone for future interest rate cuts: "balanced", "cautious", and "data-driven".

After initiating a loose cycle with a substantial 50 basis point rate cut last month, two female Federal Reserve officials have both expressed support for further rate cuts in their latest statements, while labeling future actions as balanced, cautious, and data-driven. Federal Reserve Governor Coogle believes that a balanced approach should be taken to both lower inflation and avoid unnecessary economic and employment slowdowns. Boston Federal Reserve President Collins stated that in order to maintain the current favorable economic environment, there is more confidence in future downward inflation, but the risk of unnecessary economic slowdown is increasing.

• Bridgewater Associates founder Dalio does not believe that the Federal Reserve will make a "substantial" rate cut.

Billionaire investor Ray Dalio does not believe that after last month's 0.5 percentage point rate cut, the Federal Reserve will make a large-scale reduction in benchmark interest rates. Dalio said, "The economy is currently in a relatively good balanced state." The Fed cut rates for the first time in four years last month, but the subsequent strong employment report has provided room for the decision-making committee to slow its pace. Dalio also discussed the policies of U.S. presidential candidates Trump and Harris and expressed concerns about the bond market.

• High interest rates are fierce: US institutions expect the government deficit to expand by more than 8% in the fiscal year 2024, with interest expenses surging by 34%.

On Tuesday, October 8, Eastern Time, the non-partisan Congressional Budget Office (CBO), which provides professional analysis to the U.S. Congress, released updated forecasts. It is projected that for the 2024 fiscal year ending on September 30, 2024, the U.S. federal government's budget deficit will be approximately $1.83 trillion, an increase of about 8.3% from the previous fiscal year's $1.69 trillion. In the 2024 fiscal year, U.S. government interest payments are expected to reach $950 billion, a 34% year-on-year increase over the previous fiscal year, mainly due to rising interest rates. Interest costs have exceeded military spending.

• The first 3-year U.S. Treasury auction after the Federal Reserve rate cut was dismal, with a sharp decline in overseas demand.

On Tuesday, October 8, the US Department of the Treasury auctioned $58 billion in 3-year treasury bonds, equaling the highest historical level of issuance for this term. The auction results were unexpectedly poor, with demand far below expectations. The winning bid rate for this auction was 3.878%, the highest since July. The pre-issued interest rate for this auction was 3.871%, 0.7 basis points lower than the final winning bid rate. This marks the first and largest tail rate difference since June this year, reflecting weak demand.

• Reports suggest that Israel is considering striking Iran's energy facilities, causing a temporary narrowing of the drop in oil prices.

According to the latest reports on Tuesday, Israel's potential strike on Iran's energy facilities remains possible. US officials told NBC that Israel is weighing a strike on Iran's energy installations. The above news led to a slight narrowing of the intraday drop in oil prices on Tuesday, with WTI crude oil prices briefly rising above $74 per barrel.

Gamestop's surge has dramatically narrowed, with the trading platform considering unplugging the internet of US retail investors.

• All three major indices rose, with the S&P 500 index only 10 points away from its all-time high, and Nvidia rose more than 4%.

On Tuesday Eastern Time, all three major indices rose, with the S&P 500 index only 10 points away from its all-time high.

At the close, the S&P 500 index rose by 0.97%; the Nasdaq index rose by 1.45%; the Dow Jones Industrial Index rose by 0.3%.

US tech giants rallied, with Nvidia up 4.05%, Intel up 4.2%, Apple up 1.84%, Tesla up 1.52%, Microsoft up 1.26%, Amazon up 1.06%, Meta up 1.39%, and Google-A up 0.86%.

The NASDAQ China Golden Dragon Index fell by up to 8% within Tuesday, ending down by 6.85%. Nio Inc dropped by 8.10%, Li Auto Inc dropped by 8.10%, JD.com dropped by 7.52%, Baidu dropped by 7.39%, Alibaba dropped by 6.67%, PDD Holdings dropped by 5.38%, Netease dropped by 5.14%. Alibaba, JD.com, and Baidu stocks listed in both places generally have a 2%-3% premium compared to the closing price on Tuesday of Hong Kong stocks.

• Nvidia Summit promotes Blackwell chips with high energy efficiency, causing the stock price to rise over 4% to a three-month high.

On Tuesday, October 8th, Eastern Time, at the "AI Summit DC" artificial intelligence summit in the United States capital Washington D.C., executives from NVIDIA, the 'darling of AI', stated that their next-generation Blackwell chip will be shipped to customers in the fourth quarter of this year, with excellent energy efficiency.

At the close,$NVIDIA (NVDA.US)$Rose by 4.05%.

• 350 sets of H100 replace 0.04 million CPUs! Taiwan Semiconductor applies nvidia platform to accelerate computing and ignite the semiconductor manufacturing revolution.

During the 'NVIDIA AI Summit' held in Washington on Tuesday, October 8th Eastern Time, NVIDIA emphasized the same.$Taiwan Semiconductor (TSM.US)$The collaboration achievements in the field of accelerated computing: The computing lithography platform named cuLitho by NVIDIA is now in production at Taiwan Semiconductor, accelerating the computing process significantly, increasing the speed of this chip manufacturing cornerstone step, and reducing energy consumption.

• Microsoft and OpenAI announced that they have received NVIDIA's B200 chip servers.

On Tuesday$Microsoft (MSFT.US)$Azure revealed that the company has obtained servers equipped with NVIDIA's GB200 suite, becoming the first company among all global cloud computing service providers to use the Blackwell system. Microsoft closed up 1.26% at the close.

• Meta announced the launch of a generative AI video tool to enhance collaboration with content creators.

On Tuesday, October 8th, in US East Coast time,$Meta Platforms (META.US)$Launching a generative AI video tool, starting to roll out and planning to launch these new features on a large scale before the beginning of next year, allowing advertisers to use generative AI to transform still images into video ads. Meta stated that last month, over 1 million advertisers used Meta's generative AI ad tool to create 15 million ads that month, increasing the conversion rate of ad campaigns using Meta's generative AI ad feature by 7.6%.

At the close, Meta rose 1.39%.

• Research companies predict that Apple may launch asia vets smart ring.

Research firm CCS Insight wrote in its annual forecast report that given the focus on the health sector, the company may launch a smart ring in 2026, competing with Samsung's Galaxy Ring.$Apple (AAPL.US)$Tesla UK introduces a new long-range version of the Model 3.

• Research firm CCS Insight wrote in its annual forecast report that given the focus on the health sector, the company may launch a smart ring in 2026, competing with Samsung's Galaxy Ring.

$Tesla (TSLA.US)$The new Model 3 long-range version has been launched in the United Kingdom, with the WLTP range increasing from the standard range of 363 miles to 436 miles (approximately 701 km). The UK price is £44,990 (approximately RMB 0.4149 million), which is £5,000 higher than the standard long-range rear-wheel-drive version. The new car will start deliveries in November.

• Hindenburg shorts 'metaverse first stock' Roblox.

On Tuesday local time, the well-known American short-selling institution Hindenburg Research issued a report claiming to have the title of the first stock in the metaverse,$Roblox (RBLX.US)$Exaggerated key financial indicators such as the number of users and participation, thus shorted the company's stock. Roblox completely refutes Hindenburg's accusations in the report, stating that these financial charges are misleading. As a result of this event, Roblox fell more than 9% intraday on Tuesday, eventually narrowing its decline to 2.13%.

• The Federal Aviation Administration of the usa has issued a safety alert regarding the Boeing 737 rudder issue.

On October 8th local time, the United States Federal Aviation Administration (FAA) stated that it had issued a safety alert to airlines, warning that some$Boeing (BA.US)$The rudder movement of boeing 737 aircraft may be restricted or jammed. Earlier, the National Transportation Safety Board of the United States stated on September 30 that more than 40 boeing 737 aircraft operated by foreign operators may be using aircraft with potential safety risks in the rudder control system components.

If you want to play this game, you must believe in yourself and your judgment.

BeiShui crazily bought China Mobile for nearly HKD 1.8 billion and sold Tencent for about HKD 200 million. On Monday (June 3rd), Southbound funds net purchased HKD 3.4 billion of Hong Kong stocks.

• Beishui bought more than 3.6 billion Hong Kong dollars in Alibaba, sold nearly 3.3 billion Hong Kong dollars in Meituan, and sold nearly 2.4 billion Hong Kong dollars in HKEX.

On October 8 (Tuesday), southbound funds net purchased 2.066 billion Hong Kong dollars of Hong Kong stocks.

$BABA-W (09988.HK)$,$SMIC (00981.HK)$,$XIAOMI-W (01810.HK)$Received net purchases of 3.625 billion Hong Kong dollars, 1.808 billion Hong Kong dollars, 0.833 billion Hong Kong dollars respectively;

$MEITUAN-W (03690.HK)$and$HKEX (00388.HK)$N/A.$PING AN (02318.HK)$They suffered net sales of 3.285 billion Hong Kong dollars, 2.384 billion Hong Kong dollars, and 0.719 billion Hong Kong dollars respectively.

The company's overall sales volume in 2023 was 18,000 kiloliters, with a year-on-year increase of 28.10%, indicating significant growth. In terms of product structure, the operating income of products worth 10-30 billion yuan were 401/1288/60 million yuan respectively.

Keywords: China's September M2 mmf supply year-on-year rate, EIA releases monthly short-term energy outlook report, Fed officials speech

On Wednesday, in terms of economic data, China will announce China's September M2, M1, M0 mmf supply year-on-year rate, RMB loans newly added year-to-date in September, social financing scale increment data year-to-date in September; the United States will announce EIA crude oil inventory for the week, August wholesale sales monthly rate, etc.

In terms of financial events, Federal Reserve officials have intensive speeches: Atlanta Fed President Bostic speaks on economic outlook, Boston Fed President Collins speaks at Community Banking Conference, Atlanta Fed President Bostic delivers welcoming remarks at an event, Dallas Fed President Logan speaks on the current economic situation, Chicago Fed President GuLsby gives opening remarks at the Chicago Payment Symposium; In addition, EIA releases monthly short-term energy outlook report, Reserve Bank of New Zealand releases interest rate decision and monetary policy assessment report.

In terms of new stocks, $WING LEE DEV (09639.HK)$ Will be listed on the Hong Kong Stock Exchange.

Futubull Morning News:

Always follow the rules of your investment plan, which will strengthen good self-control!

- [English] Bernie Cohen

Editor/ping