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Futu Morning News | US labor market cools down! Forward pricing for Fed interest rate cut brought forward to November
April's JOLTS job vacancy unexpectedly hit a three-year low; During the ChatGPT strike, Google Gemini benefited with a surge in search volume of 60%; Strategists warn that the US stock market may experience a potential 10% drop in the near future.
Data confirms the slowdown of the USA economy, with traders once again betting on the Fed accelerating interest rate cuts.
In this week's trade, the traders' goal is to prevent the Federal Reserve from accelerating its pace of interest rate cuts.
US stocks closed with slight gains for the three major indices; Apple rose for the seventh consecutive day, and Nvidia hit another record high.
After an initial 10% drop, Gamestop's stock erased nearly half of its losses. The China concept stock index fell 1% for the third consecutive time, with NIO Inc. dropping more than 2% and Tencent rising over 1%.
US stocks fell collectively in early trading, with Dell rising nearly 4% against the trend; some Chinese concept stocks rose, with Alibaba and Netease rising about 1%.
On the evening of the 4th in Beijing time, the U.S. stock market opened low on Tuesday. Investors continued to focus on economic data and the Fed's monetary policy path. This week, the market is focusing on the May nonfarm payroll report to be released on Friday.
Express News | The U.S. 10-year treasury notes yield fell approximately 2 basis points in short term, hitting a daily low and approaching 4.32%. It dropped more than 6.6 basis points during the day after the release of U.S. job vacancy data.
US stock market outlook | The three major futures indexes are slightly lower; "Stock, bond and foreign exchange triple kill"! India's stock market hit its biggest drop in four years.
Wells Fargo & Co: The election next year is expected to push the S&P 500 to a new high of 5700 points; Short sellers of US stocks are losing ground, and the 'big short' encounter a 'darkest moment'; China concept stocks are mixed in pre-market trading, with small gains in Alibaba and JD.com, and a drop of more than 4% in Ctrip.