Express news of pre-market trading in US stocks
1. The three major stock index futures in the US all rose: Dow Jones futures rose by 0.05%, S&P 500 index futures rose by 0.17%, and Nasdaq futures rose by 0.36%.
2. The Germany DAX index rose by 0.52%, the UK FTSE 100 index rose by 0.07%, the France CAC40 index rose by 0.28%, and the European Stoxx 50 index rose by 0.39%.
3. WTI crude oil fell by 0.12% to $59.60 per barrel. Brent crude oil fell by 0.06% to $63.22 per barrel.
4. The market expects that the overall PCE index in September will increase by 2.8% year-on-year and by 0.3% month-on-month; the core PCE index will increase by 2.9% year-on-year and by 0.2% month-on-month.
5. Kevin Hassett, Director of the National Economic Council, said that the Federal Reserve should cut interest rates at the upcoming meeting and predicted a 25 basis points cut.
6. Citigroup analysts pointed out that, based on their basic assumption scenario, copper inventories are accumulating in the US, while there is a shortage in non-US regions. They predict that the average price of copper in the second quarter of next year will reach $13,000.
7. After Netflix agreed to acquire Warner Bros. assets for $8.27 billion, the company's pre-market stock price dropped by 1%.
8. Cloudflare's pre-market stock price fell by more than 3%, as the company stated that they are investigating issues with Cloudflare's dashboard and related APIs.
9. Southwest Airlines' pre-market stock price fell by more than 2%, as the company revised its annual pre-tax profit expectation to around $5 billion, down from the previous estimate of $6-8 billion.
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