US Pre-Market: Chinese Stocks Slide, DAX Hits High, Oil Drops 5%, Gold Rises
The US stock market earnings season has begun, with analysts expecting a year-on-year increase of 4.2% in earnings for S&P 500 component companies in the third quarter. The three major US stock indices have emerged from two consecutive up days, with chip and technology stocks performing particularly well.
Before the US stock market opens today, the three major stock index futures show little fluctuation, and Chinese concept stocks continue to decline. European stocks mostly open slightly higher, and most Asia-Pacific stock indices rise. News reports that Israel does not plan to strike Iranian oil targets have eased tensions in the Middle East, and international oil prices continue to fall.
Before the US stock market opens, Chinese concept stocks are generally down. Tiger Brokers falls by more than 9%, and JD.com falls by more than 6%. Ericsson rises by more than 7% after reporting earnings.
Most European stocks open higher, with the German DAX index reaching a record high of 19,644.95 points at one point. Ericsson's stock in Europe once rose by nearly 9%.
Most Asia-Pacific stocks rise, with the Nikkei 225 index up by nearly 0.9%, and the South Korean Seoul Composite Index up by nearly 0.4%.
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International oil prices plummet, with WTI crude oil falling by 5% during the day, and Brent crude falling by nearly 5%.
Spot gold turns positive in the afternoon, currently temporarily reported at $2,652 per ounce. Bitcoin rises slightly.
[Updated at 17:30]
WTI crude oil falls by 5% during the day, approaching $70 per barrel. Brent crude falls by nearly 5%.
[Updated at 16:40]The German DAX index once rose to 19,644.95 points, setting a new historical high.
【Updated at 16:05】
Today, before the U.S. stock market opened, the three major U.S. stock index futures fluctuated, but the overall volatility was not significant. Chinese concept stocks generally fell before the market, with Tiger Brokers falling by more than 9%, JD.com falling by more than 6%, and NIO and Baidu falling by more than 4%.
Ericsson's stock rose by more than 7%, with third-quarter performance exceeding expectations.
Most European stocks opened higher, with the Euro Stoxx 50 index up by 0.1%, the German DAX index up by 0.5%, the UK FTSE 100 index opening flat, and the French CAC 40 index up by 0.2%.
The share price of the Swedish telecommunications company Ericsson rose due to core profits in the third quarter exceeding analysts' expectations and increased demand in North America. At 8:28 a.m. London time, the company's stock price rose by nearly 9%, and then slightly fell to 7% at 9:00 a.m.
Most Asia-Pacific stocks rose, with the Nikkei 225 index up by nearly 0.9% and the South Korean Seoul Composite Index up by nearly 0.4%.
News reports that Israel does not intend to strike Iranian oil targets have eased tensions in the Middle East, and international oil prices continue to fall. WTI crude oil once fell by more than 4% during the day, reporting $70.26 per barrel; Brent crude oil once fell by more than 4% during the day, reporting $74.36 per barrel.
Spot gold turned higher in the afternoon and is currently temporarily reported at $2,652 per ounce.
Bitcoin rose slightly.