Breaking news before trading in the US stock market
1. Pre-market in the US, the futures of the three major stock indexes are all rising: Dow Jones futures +0.47%, S&P 500 futures +0.55%, Nasdaq futures +0.75%.
2. Major European stock indexes are all up: Germany's DAX 30 +1.22%, France's CAC40 +0.89%, UK's FTSE 100 +0.01%, and Euro Stoxx 50 +1.20%.
3. International oil prices continue to fall: WTI -2.10% at $65.91 per barrel, Brent -1.81% at $68.41 per barrel.
4. Weaker employment data boosts expectations of easing, CME FedWatch shows the probability of a rate cut in September has jumped from 38% to 83%.
5. Morgan Stanley says profit recovery has begun, bullish on S&P 500 reaching 70 points in the next 12 months, recommends buying on dips.
6. BTIG warns of a maximum 5% technical pullback in the S&P 500, sees opportunity to add positions after breaking below 6100 points.
7. Citigroup switches from short to long, expects gold to rise to $3300-3600 per ounce within three months, driven by economic slowdown and tariffs.
8. Goldman Sachs maintains its forecast of an average price of $64 per barrel for Brent oil in Q4 of 2025, but warns of downside risks to demand growth.
9. Stock focus: Palantir secures a $100 billion contract with the US Army; Joby acquires Blade's air taxi business for $1.25 billion; Ant Group plans to purchase the broadband connection division of Comp Broadband for $10.5 billion; Tesla's July sales in China decreased by 8.4% year on year.
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