U.S. CPI for September exceeded expectations across the board, with the cooling process of inflation temporarily stalling, leading traders to increase bets on a 25 basis point rate cut by the Federal Reserve next month. Currently, the market is digesting the higher-than-expected inflation data in the U.S. and preparing for the upcoming earnings season for U.S. stocks. This Friday, JPMorgan Chase, Wells Fargo, and Bank of New York Mellon will announce their third-quarter results.
U.S. stocks experienced a slight decline overnight, and today's U.S. stock index futures continued the downward trend, with the Nasdaq 100 Index futures falling by 0.35%. Before the U.S. market opens, popular Chinese concept stocks are generally declining, with the 3x Leveraged FTSE China ETF - Direxion falling nearly 7%.
On the "Cybercab Debut Day," Tesla's pre-market share price fell by over 6%. JPMorgan Chase's pre-market share price slightly decreased, with Wall Street expecting JPMorgan Chase's third-quarter earnings per share and net interest income to be lower than the same period last year.
In terms of commodities, international oil prices are falling, with U.S. oil and Brent oil both dropping by nearly 1%, while spot gold maintains its upward momentum, temporarily reporting at $2,640 per ounce.
[Updated at 20:32]
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U.S. PPI for September was higher than expected. After the data was released, U.S. stock index futures slightly rose, with the S&P 500 Index futures up by 0.07% for the day, and Dow futures up by 0.12%.
The U.S. dollar index briefly fell, down by 0.07% for the day.
The yield on the U.S. 2-year Treasury note decreased by 0.6 basis points, currently reporting at 3.955%.
Spot gold rose, touching $2,650 per ounce, up by 0.75% for the day.
[Updated at 16:50]JPMorgan Chase, the largest bank in the United States, saw a slight decline in its stock price before the market opened on Wall Street. The bank is scheduled to release its third-quarter financial report before the opening of the U.S. stock market today, Friday. Wall Street's expectations for JPMorgan Chase's third-quarter performance are as follows:
Earnings per share: $4.01, lower than the $4.33 of the same period last year;
Revenue: $41.63 billion, higher than the $39.87 billion of the same period last year;
Net interest income: $22.73 billion, lower than the $22.9 billion of the same period last year;
Trading revenue: Fixed income revenue is $4.38 billion, and equity revenue is $2.41 billion.
Brent crude oil and WTI crude oil fell by nearly 1%, while spot gold rose by 0.4%, trading at $2,640 per ounce.
【Updated at 16:20】
Before the U.S. stock market opened, Tesla's stock fell by more than 6%, with the Tesla Cybercab and Robovan making their debut today.
Popular Chinese concept stocks generally declined, with JD.com falling by more than 3%, XPeng Motors falling by more than 2%, and Alibaba falling by more than 1%. The 3x Leveraged FTSE China ETF - Direxion fell by nearly 7% before the market opened.
European stocks experienced little fluctuation, with the main stock indices of Germany and France rising slightly, and the EURO STOXX 50 index falling by 0.05%.