Breaking News Before the U.S. Stock Market Opens

Before the U.S. stock market opens, the futures of the three major stock indexes rose together: Dow futures up 0.47%, S&P 500 futures up 0.55%, and Nasdaq futures up 0.75%. Major European stock indexes rose across the board: Germany's DAX 30 rose 1.22%, France's CAC 40 rose 0.89%, UK's FTSE 100 rose 0.01%, and Euro Stoxx 50 rose 1.20%. International oil prices continued to fall: WTI fell 2.10% to $65.91 per barrel, Brent fell 1.81% to $68.41 per barrel. Weak employment data boosts expectations of further easing, with CME FedWatch showing the probability of a rate cut in September jumping from 38% to 83%. Morgan Stanley says that earnings recovery has begun, and is optimistic that the S&P 500 may reach 70 points in the next 12 months, recommending buying on any dips. Citigroup shifts from bearish to bullish, predicting gold may rise to $33003600 per ounce within 3 months, driven by economic slowdown and tariffs. Lyf rose 3.9% in pre-market trading, after announcing a partnership with Baidu and plans to launch autonomous taxi services in Europe next year. Anfennuo rose 4.46% in pre-market trading, reportedly planning to acquire the broadband business division of network infrastructure company CommScope. Pony.ai rose over 3% in pre-market trading, reportedly launching autonomous ride-hailing services in part of Shanghai Pudong.