Financial Services News, September 9 (Editor Xia Junxiong) On Monday, futures on the three major US stock indexes collectively rose, while major European indices generally rose.

(Source: Yingwei Financial)

The US stock market fell sharply in the first week of September, with the S&P 500 falling 4.3%, the worst week since March 2023; the Dow fell 2.9%, and the NASDAQ, which is dominated by technology stocks, fell 5.8%, the worst weekly performance since 2022. September has always been a difficult month for the US stock market.

Investors are still speculating on the extent of the Federal Reserve's interest rate cut at the September interest rate meeting. According to the CME Federal Reserve Interest Rate Watch Tool, the market currently expects the possibility that the Fed will cut interest rates by 25 basis points at the next meeting to be 71%, and the possibility of cutting interest rates by 25 basis points is only 29%.

At 1 a.m. Beijing time on the 10th, Apple will hold an autumn press conference. It is expected that products such as the iPhone 16, the new Apple Watch, AirPods, and M4 chip Mac computers will all debut.

Dell's US stock rose 6% in the premarket, and the company will join the S&P 500 index.

Company news

[Guo Mingyi: iPhone 16 series shipments estimated to rise to 88 million-89 million units this year]

Well-known analyst Guo Mingyi released an iPhone 16 series production data update: it is estimated that shipments of the iPhone 16 series will increase from 87 million-88 million units to 88 million-89 million units in 2024, and the additional orders mainly come from the iPhone 16 standard version. The iPhone 16 Standard Edition, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max account for 26%, 6%, 30%, and 38% of iPhone 16 series shipments in 2024, respectively.

[Will TSMC's first ASML High NA EUV be launched this month? [Response from both parties]

According to reports from the industry, TSMC's first ASML High NA EUV lithography system equipment will be launched this month. Since the device is over 0.4 billion euros and the optical lens cannot be separated into the factory, it is taller than a conference room and far exceeds the length of the previous generation device. Due to its special and precise specifications, it may require highway traffic connected by an airport or port or a specific late-night delivery to the factory to avoid poor traffic. In response to industry rumors, ASML today mentioned not commenting on a single customer. TSMC, on the other hand, said it would not respond to market rumors.

[Boeing reaches agreement with largest trade union to avoid strike]

Boeing reached an agreement with its largest union to avoid a strike. In addition to a 25% salary increase over four years, the agreement also increased retirement benefits, reduced health insurance costs, and promised that Boeing would manufacture aircraft in the Pacific Northwest region where a union was formed. The union represents 0.033 million workers who are primarily responsible for building Boeing's best-selling 737 MAX and other jets in Washington State. The union's current contract expires this Thursday. At that time, the agreement will be voted on by union members, who can still choose to reject the agreement and go on strike.

[Musk says Starship will be used to explore Mars for the first time in two years without humans]

Elon Musk, founder of the American Space Exploration Technology Company, recently posted on social media that he plans to launch an unmanned new-generation heavy launch vehicle “Starship” to Mars for the first time in two years.

Musk posted on social media X on the 7th that he plans to carry out an unmanned “Starship” mission to explore Mars during the next launch window to explore Mars. This mission will verify the reliability of the spacecraft's complete landing on Mars. If the landing goes well, it is planned to carry out the “Starship”'s first manned mission to explore Mars within 4 years.

[Airbus launches share repurchase program]

Airbus announced on September 9 that it is launching a share repurchase program to repurchase up to 4.254 million shares.

Notable events during the US stock market (Beijing time)

September 10

01:00 Apple held a new product launch with the theme “Highlight Moments”