Preview of US Stock Market | The three major stock index futures fell together, Trump said there is a possibility of negotiating with Iran under certain conditions, and Oracle announced its financial report after hours.

1. Before the market opened on Tuesday, March 10th, the three major US stock index futures all fell. As of the time of publication, Dow Jones Industrial Average futures fell by 0.37%, S&P 500 index futures fell by 0.34%, and Nasdaq futures fell by 0.27%. 2. As of the time of publication, the German DAX index rose by 1.81%, the UK FTSE 100 index rose by 1.22%, the French CAC40 index rose by 1.14%, and the European Stoxx 50 index rose by 1.74%. 3. As of the time of publication, WTI crude oil fell by 4.75% to $90.27 per barrel. Brent crude oil fell by 5.71% to $93.31 per barrel. Market News Trump says it is possible to negotiate with Iran under certain conditions. According to a report on March 10th by Fox News, US President Trump stated that it is possible to negotiate with Iran under certain conditions. When asked if he would be willing to talk to Iranian leaders, Trump said, "I understand they want to negotiate." "This is possible, depending on the conditions, but it is only possible." Trump reiterated his dissatisfaction with Iran's new supreme leader, Mujehtaba Khamenei, saying, "I don't think he can live peacefully." Amid the oil market turmoil, an emergency meeting of G7 energy ministers will be held in Paris tonight: the option of releasing strategic reserves has been put on the table. Energy ministers from the Group of Seven (G7) will hold a meeting in Paris on Tuesday to continue exploring the possibility of stabilizing the market by releasing oil reserves. French Finance Minister Roland LeTucuer stated that as the current rotating chair of the G7, France is fully prepared and will take all necessary measures to support global energy supply when necessary. Earlier, the organization emphasized in a statement released on Monday that the Iran war has led to a sharp drop in oil production and substantial disruption of the Hormuz Strait shipping channel, resulting in a sharp rise in global oil prices. At this time, it is more necessary to maintain energy market stability through coordinated action. Four major oil-producing countries in the Gulf join forces to cut production! If the Strait of Hormuz does not reopen, the oil price surge plot will not end. As the key global energy transport route, the Strait of Hormuz continues to be effectively blocked by military forces, further deepening the trend of reduced oil production in the Middle East and exacerbating the chaotic situation in the energy market. According to reports citing informed sources, the four major oil super giants in the Middle East, including Saudi Arabia, Iraq, the United Arab Emirates, and Kuwait, which are extremely dependent on the Hormuz Strait shipping route, have collectively reduced their total output by about 6.7 million barrels per day. Undoubtedly, Hormuz is still a key choke point for more than 20% of global oil transport. While oil prices soared on Monday and then dropped sharply, the overall situation remains in a high volatility and high risk premium range. Signs of easing US-Iran tensions combined with the possibility of the US and Europe releasing oil reserves, causing Brent crude and WTI crude to fall below $85. After the impact of the Middle East conflict on the oil market, the blockade of oil transportation in the Strait of Hormuz and the forced reduction of oil production in multiple producing countries have increased concerns about a major disruption in global oil supply. Brent crude futures touched $119.50 per barrel and WTI crude futures touched $119.48 per barrel in intraday trading on Monday, marking the highest levels since mid-2022. However, oil prices quickly fell after Trump's "fire-fighting" remarks. On March 9th, local time, Trump said that a war with Iran could end soon. Trump said, "I think this war is basically ending, it's almost over. They have no navy, no communication system, and no air force." Trump also said that progress is much faster than the initial estimate of 4 to 5 weeks. Will the rebound on Tuesday be hard to sustain? GAM stock manager warns: the market recovery is just a "flash in the pan." Paul Markham, global equity director at GAM Investment, said that despite the rebound in the market on Tuesday, investors are likely to remain cautious and that the current rally is "hard to believe can continue." The investment manager maintains his existing positions unchanged, insisting on a configuration of "long tech stocks, short bank stocks," and holds a fairly positive view on industrial stocks benefiting from the AI boom. Markham believes that frequent adjustments to the investment portfolio in the political tension of the GEO Group Inc can easily lead to back-and-forth losses in a volatile market. Markham said, "The biggest positive for the market will be the end of the airstrike and the complete cessation of relevant major headlines about the war." He believes that a change in the Iranian regime would be a positive for the market. The market focus will return to US monetary policy. Individual stock news "Judgment Day" for financial reports is approaching! After the Internet bubble burst, Oracle Corporation (ORCL.US) faces another test of the "death line". Since hitting a high on September 10th last year, Oracle Corporation's stock price has fallen by a cumulative 54%, making it the worst-performing stock in the S&P 500 index during the same period; it has fallen by 22% since the beginning of this year, placing it among the 25 weakest stocks in the index. The last time Oracle Corporation experienced a drop of more than 50% was during the bursting of the Internet bubble, and it took several years for the stock to fully recover. The current stock market is highly concerned about various risksfrom AI spending and industry disruption to the Iran warOracle Corporation's third quarter financial report, which will be released after the market closes on Tuesday, is hitting head-on with investors who are like startled birds eager to find reasons to sell. The enterprise software company is expected to report earnings per share growth of around 30% and revenue growth of 20%. According to consensus forecasts, sales of its cloud infrastructure business are expected to skyrocket by 82%. Kohl's Corp (KSS.US) misses the peak season during key shopping windows, CEO change struggles to reverse sales decline. Kohl's Corp's fourth quarter performance in 2025 fell short of expectations, with same-store sales falling 2.8% during the Christmas shopping season, more than twice the average analyst expectations. Following this news, Kohl's Corp's stock price fell by about 7% in pre-market trading, and the stock has already fallen by 27% year-to-date, while the Russell 2000 index has risen by about 3% over the same period. The company pointed out that it "lost its competitive advantage" during key shopping windows such as Black Friday, Cyber Monday, and post-Christmas, and consumers are becoming more sensitive to prices. At the same time, the company is experiencing management turmoilafter the previous CEO was dismissed due to inappropriate personal relationships, former Chairman Michael Bender officially took over in November. For the current fiscal year, Kohl's Corp expects same-store sales to remain flat or fall by up to 2%, while analysts previously expected a decline of 0.25%. Yalla Group Ltd. Sponsored ADR Class A (YALA.US) falls short of revenue expectations for Q4, with a 15% year-on-year decline in paid users. Yalla Group Ltd. Sponsored ADR Class A reported revenue of $83.9 million in the fourth quarter, below the market's average expectations, with a net profit of $34.5 million, up 6.2% year-on-year, and a net margin of 41.2%. Revenue generated from chat services in the fourth quarter of 2025 was $53.8 million, while revenue from gaming services was $29.5 million. Total revenue for 2025 was $341.9 million, with a net profit of $148.1 million and a net margin of 43.3%. Operating data shows that monthly active users in the fourth quarter increased by 8.2% year-on-year to 44.8 million, compared to 41.4 million in the fourth quarter of 2024. The number of paid users was 10.4 million, down 15% year-on-year from 12.3 million in the fourth quarter of 2024, as of the end of the year, the company held cash and cash equivalents of $754.6 million. Volkswagen's profit plunges by 45%: Costs and competition squeeze profits, limited profit margin recovery this year. Volkswagen's fourth quarterly revenue in 2025 was 83.25 billion, a 4.7% year-on-year decrease; quarterly operating profit fell to 3.46 billion, a sharp 44.6% year-on-year drop. Severe challenges in future prospects due to rising raw material costs, intense competition, and political tensions of the GEO Group Inc, Volkswagen anticipates continued pressure on returns this year. Volkswagen stated on Tuesday that it expects an operating profit margin of between 4% and 5.5% in 2026, compared to 2.8% in 2025 and 5.9% the previous year. The company will focus on cost cutting and reducing complexity this year, while coping with the increased burden of differentiated emission regulation policies. Management is not optimistic about growth prospects in 2026, with the company expecting revenue growth to be between 0% and 3% at that time. NIO Inc. Sponsored ADR Class A (NIO.US) achieved an operating profit of 1.25 billion yuan in Q4, with a 71.7% increase in deliveries. NIO Inc. Sponsored ADR Class A achieved an operating profit of 1.25 billion yuan in the fourth quarter, with cash reserves of 45.9 billion yuan, a nearly one hundred billion increase compared to the previous quarter. A total of 326,028 new cars were delivered in 2025, a year-on-year increase of 46.9%, with total revenue for the year reaching 87.49 billion yuan, a 33.1% year-on-year increase, and a total gross profit of 11.92 billion yuan, an 83.5% year-on-year increase, all reaching record highs. The delivery guidance for the first quarter of 2026 is between 80,000 and 83,000, a year-on-year increase of 90.1% to 97.2%. Revenue guidance is between 24.48 billion yuan and 25.18 billion yuan, a year-on-year increase of 103.4% to 109.2%. Important economic data and events forecast 8:30 pm Beijing time: Preliminary US wholesale inventories for January. 10:00 pm Beijing time: Annualized total number of existing home sales in the US for February. 12:00 am the next day Beijing time: EIA monthly report for March - Brent crude oil price for the year. 1:00 am the next day Beijing time: EIA monthly report for March - Brent crude oil price for the year. 4:30 am Beijing time: API crude oil inventory change for the week ending March 6th. 8:45 pm Beijing time: G7 Energy Ministers meeting. 12:00 am the next day Beijing time: EIA releases monthly Short-Term Energy Outlook report. To be determined: U.S. Department of Commerce holds a roundtable meeting for U.S. Siasun Robot & Automation manufacturers, with the theme of "Identifying key supply chain and policy challenges affecting U.S. Siasun Robot & Automation manufacturing and deployment." Earnings forecast Early Wednesday: Oracle Corporation (ORCL.US), JOYY, Inc. Sponsored ADR Class A (JOYY.US)