Pre-Market Tech Stocks Rise, Tesla Up 12%, US Bonds Rebound, Euro Stocks Up, Gold & Oil Up
U.S. stocks closed lower overnight, and U.S. stocks and bonds rebounded together before the market today, with the Nasdaq 100 index futures up 0.8%. Tesla rose more than 12%, leading technology stocks and pushing U.S. futures higher. Chinese concept stocks generally fell before the market, with Fangdd, Beike, and Xiaopeng Motors falling more than 2%.
U.S. Treasury bonds rose across the board, marking the first climb of the week, with the yield on 10-year U.S. Treasury bonds falling 5 basis points to 4.19% at one point.
European stocks rose after a series of unexpected strong earnings reports, supported by strong performance from Barclays, Unilever, and Hermes, with the Euro Stoxx 50 index up 0.7%.
Asia-Pacific stocks were basically flat, with the Vietnamese stock index falling more than 1%, the Nikkei 225 closing up 0.1%, and the South Korean KOSPI index closing down 0.72%.
After falling more than 1% yesterday, spot gold resumed its upward trend, reporting at $2738.07 per ounce, up 0.82% for the day. Oil prices rebounded after falling yesterday, with U.S. oil and Brent oil both rising about 2%, as traders continue to assess the tense situation in the Middle East and the outlook for the oil market next year.
Advertisement
The earnings season in Europe and America is in full swing, with about 10% of companies in the Euro Stoxx 600 index set to release earnings reports on Thursday, including more than twenty blue-chip companies. In addition, investors continue to pay attention to the pace of the Federal Reserve's easing.
Before the U.S. market, futures of the three major indices all rose. Tesla rose more than 12%, leading technology stocks.
European stocks generally rose. The Euro Stoxx 50 index was up 0.7%, with strong third-quarter performance from Barclays, Unilever, and Hermes.
Most Asia-Pacific stocks fell.
Gold fluctuated at high levels. It is currently reported at $2738.07 per ounce.Spot palladium surges nearly 8%, while spot silver rises by over 1%.
【20:44 Update】
Spot gold rebounds to $2740 per ounce, up 0.93% for the day.
【17:08 Update】
Spot palladium surges nearly 8%, now quoted at $1146.59 per ounce.
【17:00 Update】
The Japanese yen, which has been falling continuously this month, slightly increased by 0.5% today, with the US dollar against the yen hovering around the 151 level.
The yen has plummeted rapidly this month, and some foreign exchange strategists believe that the yen against the US dollar may fall to as low as 1 US dollar to 155 or 160 yen in the coming weeks. If this happens, it would bring the yen back to a level that could trigger official intervention by Japanese authorities. Japanese Finance Minister Kato Katsuyuki warned that he will "closely monitor the foreign exchange market with a stronger sense of urgency, including observing speculative transactions."
【16:10 Update】
Most futures of the three major US stock indices are up, with the Nasdaq 100 index futures up 0.8%.U.S. tech stocks mostly rose before the market opened, with Tesla surging over 12% as the company's third-quarter EPS increased by 9% instead of decreasing, and the Cybertruck's gross margin turned positive for the first time. AMD and Intel both rose by nearly 1%.
Chinese concept stocks mostly fell, with XPeng Motors dropping nearly 2%, and Bilibili, JD.com, and Alibaba falling by over 1%.
U.S. Treasury bonds rose across the board, with the 10-year yield falling by 5 basis points to around 4.19%. U.S. 2-year and 5-year Treasury yields also generally fell.
European stocks rose broadly, supported by strong earnings from Barclays, Unilever, and Hermès, with the Euro Stoxx 50 index increasing by 0.7%.
Most Asia-Pacific stocks fell, with the Vietnamese stock index dropping by more than 1%.
Spot gold, which fell 1.2% on Wednesday, approaching the $2,700 mark and moving away from its historical high, rose again.
International oil prices increased, with U.S. crude and Brent crude both rising by more than 1.5%.
Leave a Comment