Global Markets Watch Tech Earnings, US Stocks Mixed Pre-Market, Bitcoin Back Above $70,000 The markets are focused on tech giants' earnings this week, along with upcoming inflation and non-farm payrolls reports. With the US presidential election looming, major US stock index futures are mixed pre-market, popular Chinese ADRs are broadly higher, Trump Media is up over 7%, and tonight's focus is on Google's earnings
Global Markets Watch Tech Earnings, US Stocks Mixed Pre-Market, Bitcoin Back Above $70,000
The markets are focused on tech giants' earnings this week, along with upcoming inflation and non-farm payrolls reports. With the US presidential election looming, major US stock index futures are mixed pre-market, popular Chinese ADRs are broadly higher, Trump Media is up over 7%, and tonight's focus is on Google's earnings.
Most Asian Stocks Rise
On Tuesday, most Asian stocks rose. The Nikkei 225 rose 0.8%, while South Korean and Vietnamese stocks also recorded small gains. The Indonesian index closed slightly lower.
European Stocks Up
European stocks climbed higher, with the Stoxx 50 index up 0.6%, the German DAX up 0.5%, the UK FTSE 100 up 0.5%, and the French CAC 40 up 0.6%.
US Stocks Mixed Pre-Market
Major US stock index futures were mixed pre-market, with the Nasdaq 100 up 0.04%, the S&P 500 up 0.02%, and the Dow Jones Industrial Average down 0.02%.
Popular Chinese ADRs Rise
Popular Chinese ADRs were higher pre-market, with JD.com and Alibaba up nearly 2%, Bilibili and Pinduoduo up nearly 1%. Trump Media is up over 7%.
Ford Cuts Full-Year EBIT Forecast
Ford is down over 6% pre-market after cutting its full-year EBIT forecast due to cost issues and hurricane disruptions.
HSBC Announces $3 Billion Share Buyback Program
HSBC is up over 2% pre-market after Q3 earnings beat expectations and the announcement of a $3 billion share buyback program.
US Treasuries Decline
US Treasuries declined, with the 10-year yield rising 3 basis points to 4.314%.
Bitcoin Returns Above $70,000
Bitcoin has returned above $70,000, currently up nearly 2%.
Gold and Oil Prices Rise Slightly
Spot gold is trading sideways at a high level, up 0.3% for the day. US crude oil and Brent crude oil are currently up about 0.5%.
US Dollar Steady, Japanese Yen Continues Decline
The US dollar is steady, with the US Dollar Index currently down 0.09% at 104.23. The Japanese yen continues to decline, with the USD/JPY currently at 153.39.
FTSE China A50 Index Futures Up Over 1% Overnight
FTSE China A50 Index futures are up over 1% overnight.
Other Market News
- 17:10 Update: FTSE China A50 Index futures are up over 0.6% overnight.
- 16:10 Update: US stocks are mixed pre-market, with the Nasdaq 100 up 0.04%, the S&P 500 up 0.02%, and the Dow Jones Industrial Average down 0.02%.
- 16:10 Update: European stocks are higher, with the Stoxx 50 index up 0.6%, the German DAX up 0.5%, the UK FTSE 100 up 0.5%, and the French CAC 40 up 0.6%.
- 15:55 Update: Major US stock index futures are rising, with the Nasdaq 100 up about 0.3%.
- 15:55 Update: Most Asian stocks rose, with the Nikkei 225 closing up 0.8%, the Tokyo Stock Exchange Index up 0.9%, South Korean and Vietnamese stocks rising slightly, and the Indonesian index closing slightly lower.
- 15:55 Update: US crude oil and Brent crude oil are currently up about 0.5%.
- 15:55 Update: Spot gold is trading sideways at a high level, up 0.3% for the day.
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