On December 10th, Financial Association reported (editor: Shi Zhengcheng) that in Tuesday's Pre-Market Trading, the theme turned into "waiting" — waiting for Wednesday's US inflation data, the statements of various central banks regarding their interest rate reduction paths, and the gradual unveiling of more uncertainty in the outlook.

As of the time of publication, Dow Jones Industrial Average futures (December 2412 contract) fell 0.23%, S&P 500 Index futures fell 0.02%, and NASDAQ 100 Index futures rose 0.14%. International gold prices continued to rise, approaching $2,670 per ounce.

(Spot Gold Daily Chart, Source: TradingView)

As the "final piece of the puzzle" before the Federal Reserve's decision next week, the market estimates that Wednesday's CPI year-on-year growth rate is expected to be 2.7%, and the core CPI year-on-year growth rate is estimated to reach 3.3%. Of course, to prevent the Federal Reserve from cutting interest rates in December, this number would have to be significantly far from what is predicted.

As the A-share market in China opened high and ended low on Tuesday, Chinese assets in the US stock market also experienced adjustments. As of the time of writing, the China Large Cap ETF (FXI), which increased by 8.22% yesterday, fell by 3.87% in Pre-Market Trading on Tuesday; the Yinhua MSCI China A ETF (MCHI), which rose by 7.76% yesterday, dropped more than 4%.

The more speculative 2x leveraged Long 300ETF (CHAU) fell 8.8% in pre-market trading, and the 3x leveraged Long FTSE China ETF fell 11%. These two funds are highly watched, not only because of their amplified price swings but also due to a "mysterious buyer" placing a large number of bullish bets in advance.

According to an earlier report by Financial Association, CHAU had a large buy order of 0.21 million contracts for call options expiring on May 16, 2024, while YINN had nearly 0.18 million contracts for call options with a strike price of $27 expiring in January 2026, which appeared between November 29 and last week.

During Monday's trading session, the floating profits from these hundreds of thousands of contracts alone reached over one hundred million dollars. However, it is evident that upon open on Tuesday, the floating profit will be significantly affected. Crucially, after receiving strong media attention, how these "Options whales" will handle their bets on "Call China's Assets" will continuously attract the attention of Chinese investors.

Other news

[EU investigates secret ad deals between Google and Meta]

Latest reports indicate that European regulators have requested more information from Google regarding its secret advertising collaboration with the Meta platform. According to insiders, officials from the EU Commission have been investigating "how Google assisted Meta in conducting a secret marketing program" and have sent organized information to the regulatory body.

[Deutsche Bank: Tesla to launch Robotaxi service next year]

Deutsche Bank analysts stated after meeting with Tesla's head of investor relations, Travis Axelrod, that Tesla still plans to launch a lower-priced vehicle in the first half of next year and to introduce other models later this year. Deutsche Bank indicated that Tesla plans to initially launch Robotaxi services in California and Texas next year.

[Oracle's performance and guidance both below expectations]

On Monday after the market close in Eastern Time, Oracle announced its second fiscal quarter earnings, where revenue and profit slightly fell short of expectations. It also forecasts current quarter revenues to grow 7%-9% year-on-year, with a median estimate of nearly $14.3 billion and an adjusted EPS of $1.50 to $1.54, both below market expectations. As of the time of publication, Oracle's pre-market trading on Tuesday fell more than 8%.

[C3.ai Pre-Market Trading Dive]

As of the report, the stock price of AI concept stock C3.ai has dropped over 6%, after earlier rising more than 10%. The company previously raised its full-year outlook after releasing stronger-than-expected second-quarter Earnings Reports, reflecting robust momentum driven by AI-related spending.

The company anticipates that its revenue for the fiscal year 2025 will be between $0.378 billion and $0.398 billion, an increase from the previous forecast of $0.37 billion to $0.395 billion, surpassing the market consensus expectation of $0.3826 billion. For the third fiscal quarter, C3.ai expects revenue to be between $95.5 million and $0.1 billion, with a median of $98 million, slightly exceeding the market expectation of $97.5 million.

[Stellantis and Contemporary Amperex Technology Invest Over 4 Billion Euros to Build Battery Factory in Spain]

Contemporary Amperex Technology announced on Tuesday evening that it and its subsidiaries have signed a joint venture agreement with subsidiaries of Stellantis and two other parties, planning to jointly invest in establishing a joint venture company in Spain, with both parties holding 50% shares. The joint venture will build a battery factory in Zaragoza, Aragon, Spain, with a total investment expected to reach €4.038 billion (approximately RMB 30.9 billion).

As of the report, Stellantis stock in Pre-Market Trading on Tuesday rose over 1%.

[AMD Claims Amazon Cloud Computing Service Executive's Evaluation of Company's GPU is Inaccurate]

AMD clarified the content of a report from last Monday, stating that the Amazon Cloud Computing Service (AWS) executive's comment about not having seen strong demand for AMD AI accelerators is "inaccurate." The company stated: "We have a good collaborative relationship with AWS, and this report is not accurate - we are actively collaborating with AWS and end customers in the field of AI."

[The Biden administration confirms support of $6.14 billion for Micron Technology]

The White House announced on Tuesday that the U.S. Department of Commerce has officially confirmed a grant of over $6.1 billion to Memory Chip manufacturer Micron Technology. This grant of over $6.1 billion will be used to support Micron's construction of two semiconductor plants in Clay, New York.

[Suspect in the CEO shooting case in the USA has been arrested]

After nearly a week of searching, there has been significant progress in the shocking UnitedHealth Insurance CEO shooting case. According to Pennsylvania police, a primary suspect, Luigi Mangione from Maryland, was arrested on Monday. Investigators found a 9mm ghost gun on Mangione, allegedly manufactured by him using a 3D printer. Mangione also had a three-page handwritten letter, which revealed his motives and mindset.

Events worth paying attention to during U.S. stock market hours (Beijing time)

December 10

21:55 U.S. Redbook commercial retail sales year-on-year for the week ending December 7

December 11

01:00 EIA publishes the Monthly Short-Term Energy Outlook Report

02:00 OpenAI is holding a new product live streaming event.