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• 关于房地产市场！重要会议预告已经发布。

On the evening of October 15, the State Council Information Office announced that a press conference will be held at 10:00 AM on October 17, 2024 (Thursday). Minister of Housing and Urban-Rural Development Ni Hong, along with officials from the Ministry of Finance, Ministry of Natural Resources, People's Bank of China, and China Banking and Insurance Regulatory Commission, will introduce the relevant situation of promoting the stable and healthy development of the real estate market and answer questions from reporters.

• 6400 points! UBS Group continues to raise next year's US stock expectations.

UBS Group predicts that the U.S. stock market will hit a new high in 2025, raising its target price for the s&p 500 index from 6000 points to 6400 points. However, the bank does not believe that U.S. stocks will continue to rise for the rest of this year. Although it has raised its forecast for this benchmark index from 5600 points to 5850 points in 2024, this actually means that the index will slightly decline from the current level.

• Fed's Powell: If inflation falls as expected, will cut interest rates one to two more times this year.

San Francisco Fed President Daly stated that despite a significant rate cut last month, the Fed's monetary policy still remains restrictive as efforts are made to lower inflation. Daly reiterated on the same day that she believes the Fed may cut rates once or twice more this year, each time by 25 basis points.

• WTI Crude Oil Plunges Nearly 5%! Economists Warn: Saudi Arabia May Increase Production to Start Market Share Battle.

On Tuesday, the continuous main price of WTI crude oil futures fell by nearly 5%, once breaking below the $70 per barrel mark. Brent crude also dropped by nearly 4.5%. Earlier, there were reports from media sources that individuals familiar with Saudi thinking revealed that Saudi Arabia will abandon the $100 per barrel oil price target and focus on increasing oil production by December of this year.

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

• The three major indexes collectively closed lower, with ASML Holding's disappointing performance causing a meltdown in the semiconductor sector.

On Tuesday, the three major U.S. indexes all closed lower. ASML Holding's earnings, released ahead of schedule, fell significantly below expectations, dragging down the entire semiconductor sector and causing the tech-heavy Nasdaq to drop by over 1%.

Most large technology stocks declined, with Nvidia and Intel falling by over 4% and over 3% respectively. Netflix, Microsoft, Meta, among others, saw slight declines; Apple rose by over 1%, while Tesla, Google, and Amazon saw slight increases.

Popular China concept stocks experienced a general decline, with the Nasdaq Golden Dragon China Index falling by 5.92%. JD.com dropped by over 9%, Bilibili, Vipshop, and Full Truck Alliance fell by over 6%, while Pinduoduo, Li Auto Inc, iQIYI, Alibaba, and Baidu dropped by over 5%.

• Stock price tumbled by over 16%! ASML Holding's bearish financial report was mistakenly released prematurely.

On Tuesday local time, lithography giant $ASML Holding (ASML.US)$ The financial report, originally scheduled to be announced on Wednesday, was unexpectedly released earlier. Even worse, due to Q3 order data being only half of market expectations, coupled with a downward revision of the 2025 fiscal year guidance, it triggered a sharp drop in stock prices, dragging down both the semiconductor sector and the US stock market. ASML issued an official statement, announcing that the early release of the financial report was due to a "technical malfunction." By the closing bell, ASML plummeted by over 16%.

• Apple hit a historical new high during trading, launching a new iPad Mini.

$Apple (AAPL.US)$ Rising over 2% in overnight trading, the stock price reached $237.49, hitting a new all-time high. The company introduced a new iPad Mini with a starting price of $499.

• Trump Media & Technology Group rallied overnight but fell back, closing down over 9%.

After a recent continuous surge, there has been a pullback, with the stock price dropping by 9.65%. $Trump Media & Technology (DJT.US)$ Trump made a post on the same day, saying: "I love Truth Social, the true ****!"

• Walgreens Boots Alliance surged nearly 16%, planning to close approximately 1,200 stores within three years.

$Walgreens Boots Alliance (WBA.US)$ Surging nearly 16% during trading, Walgreens Boots Alliance exceeded expectations in the fourth quarter of the 2024 fiscal year, and announced plans to optimize its business layout, aiming to close approximately 1,200 stores within the next three years. This includes closing around 500 stores in the 2025 fiscal year, which will immediately increase adjusted earnings per share and free cash flow.

• Wolfspeed soared over 21%, receiving a $0.75 billion grant from the U.S. Department of Commerce.

On Tuesday, $Wolfspeed (WOLF.US)$ Rising more than 21%, on the news front, Wolfspeed announced on October 15th local time that it has signed a non-binding preliminary memorandum of understanding (PMT) with the US Department of Commerce, which plans to provide up to $0.75 billion in funding under the Chip and Science Act.

• Qualcomm is reportedly waiting until after the November US election to decide on its actions regarding Intel.

Informed sources indicate, $Qualcomm (QCOM.US)$ It may wait until after the US presidential election in November to decide whether to seek an acquisition. Some $Intel (INTC.US)$ Informed sources indicate that due to the complexity of the potential transaction involving Intel, Qualcomm may choose to wait until January next year after the new president takes office to decide how to proceed. Qualcomm and Intel's products are crucial in supporting everyday items ranging from smartphones to electric cars, and a merger between the two companies would almost certainly attract strict scrutiny from anti-monopoly regulators in the US and globally.

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.

• Temasek Holdings bought over 6 billion Hong Kong dollars worth of Tracker Fund of Hong Kong, bought over 0.6 billion Hong Kong dollars worth of Semiconductor Manufacturing International Corporation, and sold over 1.8 billion Hong Kong dollars worth of Meituan.

On October 15 (Tuesday), northbound funds net bought 8.544 billion Hong Kong dollars worth of Hong Kong stocks.

$TRACKER FUND OF HONG KONG (02800.HK)$,$Hang Seng H-Share Index ETF (02828.HK)$,$SMIC (00981.HK)$Net purchases were 6.416 billion Hong Kong dollars, 1.651 billion Hong Kong dollars, 0.608 billion Hong Kong dollars respectively;

$MEITUAN-W (03690.HK)$,$TENCENT (00700.HK)$,$CNOOC (00883.HK)$Net sales of 1.809 billion Hong Kong dollars, 0.412 billion Hong Kong dollars, 0.21 billion Hong Kong dollars respectively.

• Reports claim that today Hong Kong's "Policy Address" will not cancel the stock stamp duty.

According to the Hong Kong Economic Journal, the Chief Executive of Hong Kong will deliver the "Policy Address" on October 16. Taking into account market news and analysis, there are expected to be no significant stimulus measures in the stock market, and the government also has no intention to abolish the stock stamp duty, hence the overall market impact is expected to be neutral.

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: John Lee Ka-chiu to deliver the 2024 "Policy Address", Bank of Japan to hold "Market Operations Meeting", Morgan Stanley earnings.

On Wednesday, in terms of financial events, John Lee Ka-chiu will deliver the 2024 "Policy Address". In addition, the Bank of Japan will hold a "Market Operations Meeting".

In terms of performance, $Morgan Stanley (MS.US)$ Will announce earnings in pre-market trading.

Futubull Morning News:

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