Express News of US pre-market trading

1. The three major US stock index futures all fell: Dow futures fell by 0.37%, S&P 500 futures fell by 0.36%, and Nasdaq futures fell by 0.54%. 2. European stock market indices all fell: Germany's DAX30 fell by 0.17%, France's CAC40 fell by 0.90%, Europe's Stoxx 50 fell by 0.62%, and the UK's FTSE 100 fell by 0.66%. 3. The Federal Reserve lowered the benchmark interest rate by 25 basis points to 3.75%-4.00%, marking the second consecutive interest rate cut meeting, in line with market expectations. 4. BlackRock predicts that the Fed will cut interest rates again in December, believing that a weak labor market is favorable for a decline in inflation, and will continue to maintain a risk preference stance; pointing out that a loose financial environment and high stock market levels will not hinder the rate cut process. 5. The World Gold Council stated that in the third quarter of 2025, global gold demand increased by 3% year-on-year to 1313 tons, reaching a historical quarterly high, with investment demand amount soaring by 44% year-on-year to $146 billion. 6. Weight-loss drug company Metsera saw its pre-market gains expand by nearly 20%, as Novo Nordisk plans to "intercept" Pfizer's acquisition agreement with a bid of up to $9 billion, with Pfizer criticizing Novo Nordisk's competitive bidding as "reckless." 7. Google saw pre-market gains of over 8%, with the company's Q3 cloud computing, advertising, and video business revenues all surpassing analyst expectations, and significantly raising its full-year capital spending. Morgan Stanley raised its target price from $300 to $340. 8. Meta saw a significant pre-market drop of nearly 10%, with Q3 net profit of $2.7 billion, far below analyst expectations, and the company plans to raise at least $25 billion through bond issuance. 9. Microsoft fell by nearly 2.5% pre-market, surpassing expectations in Q1 performance with revenue at $77.7 billion, EPS at $3.72, but a surge in capital expenditures to $34.9 billion raised concerns in the market about "burning money" on AI infrastructure. 10. It is rumored that OpenAI is preparing to submit an IPO application as early as next year, with a valuation possibly reaching $1 trillion, and plans to raise at least $60 billion.