Risk sentiment in global financial markets as a whole rose, European and American stock markets all rose, most major European stock indexes opened higher, and US stock index futures rose, especially on Nasdaq.The index rose more than 1%, and the results of the big four u.s. tech giants released in after-hours trading on Thursday propped up risky assets.

As of press time, Dow futures are up 0.3%, S & P 500 futures are up 0.3%, and Nasdaq futures are up 1.1%.

Europe's Stoxx 600 index rose 0.65%, Germany's DAX30 index, Britain's FTSE 100 index, France's CAC40 index and Italy's FTSE MIB index rose 0.89%, 0.02%, 0.36% and 1.32%, respectively.

The dollar was under pressure as a whole, falling below the 93 mark at one point, hitting a daily low of 92.54. Spot gold surged again today, setting a record high of $1982.97 an ounce, but then fell back quickly and is now trading around 1970. Some market participants warned that gold fell rapidly after rising, and beware of large-scale long profit-taking.

For now, market focus on US economic data includes core PCE price index, personal income / expenditure data, Chicago PMI and University of Michigan consumer confidence index correction.

With regard to the COVID-19 epidemic, the global epidemic situation is grim, and there are signs of a second wave of outbreak in Europe. According to the British Sun today, British Prime Minister Johnson will suspend plans to further relax the blockade measures.

The number of confirmed cases in Japan surged and a state of emergency was declared in Okinawa; the number of confirmed cases in the Hong Kong Special Administrative region of China exceeded 100 for the 10th day in a row, and Hong Kong Chief Executive Carrie Lam announced the postponement of legislative elections.

Analysts believe that the severity of the global COVID-19 epidemic directly triggered fears of economic recovery, thus affecting the financial market.

YahooFinance said stock index futures expanded their gains in early trading on Friday, while Nasdaq futures rose 1% after major technology companies released a series of better-than-expected corporate earnings.

After Thursday's close, technology giant Facebook Inc、 Amazon.Com Inc、 Apple IncAnd Alphabet both reported better-than-expected quarterly results, cementing their dominance in the pandemic era after technology stocks rose sharply over the past few months.

The spate of better-than-expected results from big technology companies contrasts sharply with U. S. economic data released earlier Thursday.

Data released earlier Thursday confirmed the worst quarterly decline in US economic activity on record in the second quarter, with initial jobless claims rising for the second week in a row. Many economists believe that these reports suggest that the recovery from the coronavirus pandemic may be long and bumpy.

"GDP fell at an annualised rate of 32.9% in the second quarter, more than three times higher than the previous record quarterly contraction, highlighting the unprecedented blow to the economy caused by the epidemic," Andrew Hunter, a senior US economist at Capital Macro, wrote in a report. "We expect this damage to take several years to fully reverse."

Another reason for the rebound in market risk sentiment today may be the vaccine news: it is reported that European vaccine partner Sanofi(Sanofi) and GlaxoSmithKline PLC(GlaxoSmithKline) said in a statement on Friday that the US government will provide 2.1 billion US dollars to the two companies to speed up the research and development of COVID-19 vaccine candidates. The funding is part of the Warp Speed program in the United States, which has supported several pharmaceutical companies to try to quickly develop a vaccine against coronavirus.

"the US government will provide up to $2.1 billion, more than half of which will be used to support further vaccine development, including clinical trials, and the rest will be used to expand vaccine production and deliver the initial 100m doses," the statement said. " Sanofi will receive most of the funding from the United States government. The US government has another option to provide 500 million doses of vaccine over a long period of time. "

Focus stocks

Gold stocks rose before trading, Hamoni gold rose 6.43%, Jintian rose 4.52%, and Barrick gold rose 2.97%.

Nvidia was up 0.92% before trading. NVIDIA Corp plans to buy Softbank Corp. chip company ARM, and NVIDIA Corp and Softbank Corp. are said to plan to close an ARM deal within weeks.

PinterestIt was up more than 17% before trading. The net loss in the second quarter was $100m, while the market is expected to lose $170 million, compared with $1.16 billion in the same period last year.

Exxon Mobil CorpOil fell 1% before the day. The net loss in the second quarter was $1.1 billion, while the market is expected to lose $2.222 billion, compared with a profit of $3.13 billion in the same period last year.

Caterpillar IncIt rose 2.4% before trading, with a net profit of $460 million in the second quarter and a market expectation of $356 million, compared with $1.62 billion in the same period last year.

Pfizer IncIt rose 0.15% before trading and 4.55% before trading at BioNtech, a German pharmaceutical company. Pfizer Inc BioNTech will provide 120 million doses of mRna vaccine candidate to Japan. Pfizer Inc expects to produce 100m doses by the end of 2020 and about 1.3 billion by the end of 2021.

Sanofi SA rose 0.95% before trading, GlaxoSmithKline PLC rose 1.44% before trading, and the United States reached a $2.1 billion COVID-19 vaccine agreement with Sanofi and GlaxoSmithKline PLC.

Colgate brown oliveIt was up 2.32% before the session. Second-quarter net profit was $635 million, with market expectations of $607 million, compared with $586 million in the same period last year.

NokiaIt rose 9.89% before trading, reported an increase in net profit in the second quarter, and raised its profit forecast for the current fiscal year.

Chevron CorpIt was down 3% before trading. The net loss in the second quarter was $8.27 billion, while the market is expected to lose $1.49 billion, compared with a profit of $4.305 billion in the same period last year.

Ford Motor(China) Co., Ltd. recalls some imported Lincoln navigator cars.

SAIC General Motors CoThe company recalls some Buick GL8 luxury business cars and Buick brand-new generation GL8 cars.

Guggenheim raised Amazon.Com Inc's target price to $3600 from $2700.

IdealThe car rose 3.89% before trading and closed up 43.13% on its first day on the market, with a market capitalization of $13.9 billion.

SogouAnnounced the establishment of an independent special committee to examine Tencent's preliminary non-binding acquisition proposal. Neither the company's board of directors nor the special committee made any decision on the company's proposal to buy Tencent.

LUCKN COFFEE DRC responded to the punishment of the Ministry of Finance: no notification has been received yet. On July 31, the Ministry of Finance announced the inspection of the quality of accounting information of the domestic operators of LUCKN COFFEE DRC Company. in the next step, the Ministry of Finance will impose administrative penalties on the financial fraud of the main operators in LUCKN COFFEE DRC in accordance with the law, and disclose the results of the punishment to the public. In this regard, LUCKN COFFEE DRC public relations official told Sina Finance, "this matter is not clear for the time being, and no notification has been received yet."

XPeng Inc. is negotiating a financing plan of more than $300m. XPeng Inc. is in talks to raise about $300m before going to IPO in the US, according to CNBC, citing sources.

Benchmark will be TAL Education Group.The target price was raised to $88 from $57.