Preview of US Stock Market | The three major stock index futures rose together, marking the beginning of the financial report season.

1. Before the market opens on October 13th (Monday), the futures of the three major US stock indexes rose together. As of the time of writing, Dow Jones futures were up 0.77%, S&P 500 index futures were up 1.14%, and Nasdaq futures were up 1.69%. 2. As of the time of writing, the Germany DAX index rose by 0.21%, the UK FTSE 100 index fell by 0.06%, the French CAC 40 index rose by 0.23%, and the European Stoxx 50 index rose by 0.54%. 3. As of the time of writing, WTI crude oil rose by 1.26% to $59.64 per barrel. Brent crude oil rose by 1.13% to $63.44 per barrel. Market News: US stock market faces a critical earnings week! Six major industries' performance will be the market's "touchstone", can it offset the political deadlock gloom? Due to factors such as escalating trade war risks, the continued US government shutdown, market sentiment rapidly deteriorated last week leading to a "Black Friday" for US stocks. In the upcoming week, as the political deadlock in Washington persists, the market will be unable to obtain updates on several key economic data points, including import prices, retail sales, and initial jobless claims. The new round of corporate earnings season will kick off this week, with the performance of the six major US banks - JPMorgan Chase, Goldman Sachs Group, Inc., Morgan Stanley, Bank of America Corp, Citigroup, and Wells Fargo & Company - taking the spotlight. It is expected that due to the strong recovery in investment banking business and the resilience of the US economy keeping borrowers in good shape and supporting consumer and business loan sectors, the third-quarter earnings of these six banks will be strong. Bull market faces a test! Options market indicates that the US stock market will face the most turbulent earnings season since 2022. US investors have once again prepared for stock market volatility in the upcoming earnings season. Data shows that stock options movements of S&P 500 index component companies suggest that after the company's earnings are announced, the average expected price volatility will be 4.7%. This volatility is similar to July. At that time, the expected price volatility was the highest since the start of the 2022 earnings season, with Morgan Chase's earnings announcement date as the start date. The rising option prices highlight the risks facing the US stock bull market, especially after the S&P 500 plummeted due to Trump threatening higher tariffs on China. In addition to Trump's economic policies and trade disputes causing uncertainty in corporate profits, concerns about the US government shutdown and the possibility of an artificial intelligence stock bubble risk. US stock market bull market reaches its third anniversary! The "technology solo performance" is difficult to sustain, and the US stock market urgently needs to "expand horizons" to continue. The current US stock market bull market will celebrate its third anniversary on Sunday, but if history is any indication, it needs to expand its rally range quickly to maintain momentum. Data shows that the S&P 500 index has risen by 83% since the start of the current bull market on October 12, 2022, with the market capitalization increasing by about $28 trillion. Before the sell-off last Friday due to President Trump's tariff threats, the index had risen by 88% at one point. According to CFRA Research, despite this pullback, the S&P 500 has risen by 13% in the past 12 months, double the average gain in the third year of a bull market. Since World War II, there have been a total of 13 bull markets in the US, with 7 lasting into the fourth year, with an average cumulative gain of 88%. Huge scale! The US Department of Defense plans to spend $1 billion to stockpile key minerals to strengthen strategic reserves. The US Department of Defense is planning to purchase up to $1 billion worth of key minerals as the latest effort to enhance metal supply security, ensuring the supply of raw materials needed for the US defense system and advanced technology. According to documents recently released by the Defense Logistics Agency (DLA), this action marks one of the largest expansions of the US strategic reserves in years. A former US Defense Department official described the plan as "carefully considered and far-reaching," noting that the Department of Defense is actively seeking "new strategic resources and materials" to maintain national security. Another former official indicated that the scale of this action - around $1 billion - signifies a significant acceleration in the US Department of Defense's efforts to rebuild strategic reserves. Tariff storm rekindles, Wall Street bets on "new safe haven" - Chinese value stocks. With the recent escalation of tensions in US-China trade, top strategists from Wall Street's financial giants suggest that in addition to traditional safe haven assets such as gold and US treasuries, global investors should focus on a new type of refuge - the Chinese value stocks sector, which are relatively cheap and defensive. In addition, from a longer-term perspective on stock investments, Chinese technology stocks are expected to remain one of the most favored market segments by investors. With the possibility of the "TACO deal" - which bets on a significant easing of the Trump administration's tariff stance - sweeping the globe after a six-month hiatus, hot Chinese technology stocks closely associated with artificial intelligence may become a key sector for global funds in the medium to long term. OPEC maintains its forecast for global oil demand growth, expecting a significant narrowing of supply gap next year. OPEC stated on Monday that it will maintain its forecast for global oil demand growth for this year and next year, and expects the market supply gap to significantly shrink by 2026 as OPEC+ accelerates its production increase. OPEC+ has recently increased its oil supply, deciding to unwind some of the previously planned production cuts faster. In its Monday report, OPEC+ stated that while crude oil demand is expected to remain stable, OPEC+ increased daily production by 630,000 barrels to 43.05 million barrels in September, reflecting the implementation of previously approved production quotas. According to the calculations, if OPEC+ maintains its September production level, the average demand for OPEC+ crude oil is estimated at around 43.10 million barrels per day, meaning that the global oil market's supply gap is only around 50,000 barrels per day. Stock News: Will the $370 billion surge be short-lived? Oracle Corporation's AI conference becomes a key validation moment. Oracle Corporation will have the opportunity this week to prove to investors that the approximately $370 billion increase in market value of its stock has a solid foundation. The software manufacturer unveiled a four-day "AI World Conference" on Monday in Las Vegas. The focus of the conference will be on Oracle Corporation's cloud computing business - the rapid expansion of which has driven its stock price up by 76% this year, making it one of the best-performing components of the S&P 500 index in 2025. The conference comes at a time when there are concerns in the market that Oracle Corporation may sacrifice profits to lease computing power to AI companies like OpenAI. Last week, reports indicated that Oracle Corporation's cloud business profit margin was lower than most Wall Street expectations, causing its stock price to plummet by 7.1% on Tuesday. Oracle Corporation (ORCL.US) previously predicted that the revenue of this business will surge by 700% in the next three fiscal years. Oracle Corporation. REITs giant Tritax acquires Blackstone's British warehousing assets for 1 billion, paying part of the price with 9% equity. Blackstone has agreed to sell its 1 billion (approximately $1.3 billion) portfolio of British warehousing assets to Tritax Big BoxCareTrust REIT Inc, which will give this alternative asset management company a partial stake in the owner's business. According to a statement released on Monday, Tritax will pay 632 million in cash (funded by a 650 million loan) and issue new shares worth 375 million to Blackstone Inc, giving the New York-based firm a stake of approximately 9%. Tritax will issue shares to Blackstone Inc at a price of 161 pence per share, which is a 13.5% premium to its closing price on Friday but below the EPRA net asset value of 188.17 pence per share reported by the owner for the previous six-month period ending in June. Act decisively after the plunge! MARA (MARA.US) throws $46 million into buying the dip in Bitcoin. After a historic plunge in the cryptocurrency market, institutional investors seem to view this pullback as an opportunity for accumulation rather than the start of prolonged weakness. It is reported that Bitcoin mining company MARA Holdings earlier made a significant acquisition of 400 Bitcoins from institutional cryptocurrency liquidity provider FalconX, valued at $46.29 million. According to Bitcoin Treasuries Net data, this transaction was completed through MARA's "3MYao" wallet address. After the transaction, the Bitcoin holdings of this listed mining company exceeded 53,000, firmly ranking second in the enterprise holdings list after Strategy (MSTR.US) with 640,031 Bitcoins. AI demand pushes up chip prices, Samsung Electronics' Q3 profit may reach a three-year high. Benefiting from a surge in server demand driven by customer inventory rebuilding, memory chip prices continue to rise, and the market expects Samsung Electronics to achieve a new high in profit for the third quarter since 2022. According to SmartEstimate from LSEG, the forecast of 31 analysts shows that the operating profit for the global leader in memory chip manufacturing Samsung Electronics for July-September 2025 is expected to reach 10.1 trillion Korean won (approximately $7.1 billion), a 10% year-over-year increase. This forecast mainly focuses on the views of analysts with historically accurate predictions. This recovery is primarily due to the pricing increase of traditional memory chips, effectively offsetting the impact of soft sales of high-bandwidth memory chips. As Samsung has not yet supplied NVIDIA Corporation (NVDA.US) with the latest HBM products, its HBM chip business performance has lagged behind. Upcoming Important Economic Data and Events: Next day at 00:10 Beijing time: FOMC voting member and Chairman of the Philadelphia Fed, Paulsen, will deliver a speech for 2026. To be determined: The World Bank and IMF will hold their 2025 Fall Annual Meetings, where world financial leaders will gather until October 18.