A · Important
[Overview of U.S. stock market pre-market news: Cook said Apple Smart plans to release a test version in China at the end of October; Terafab may usher in its first EUV lithography machine in the middle of next year; U.S. debt "risk-off trade" is back] On October 15th, the financial news in the U.S. stock market that investors need to focus on is as follows:
1. The three major U.S. stock index futures rose or fell mixedly. Dow Jones futures rose 0.35%, S&P 500 futures fell 0.31%, and Nasdaq 100 futures fell 1.25%.
2. International oil prices have been mixed. WTI crude oil futures prices rose 0.33% to US$95.400/barrel; Brent crude oil futures prices fell 1.18% to US$104.804/barrel.
3. International gold and silver spot prices rose collectively. Spot gold prices rose 1.20% to US$4,154.39 per ounce; spot silver prices rose 1.94% to US$56.70 per ounce.
4. Most of the three major European stock indexes rose. Britain's FTSE 100 index rose 0.77%, France's CAC40 index rose 0.27%, and Germany's DAX30 index fell 0.39%.
5. During a visit to Shanghai, Cook, executive chairman of Apple’s board of directors, said that Apple’s smart phone and related Alibaba Qianwen large model have indeed been approved and will release a test version later in October, but do not include Siri AI.
6. Musk’s chip project Terafab may usher in its first ASML EUV lithography equipment in the middle of next year. Terafab's initial chips are expected to still use traditional chip equipment to match Intel's 14A process.
7. TSMC stated that capital expenditures in 2026 are expected to be US$60 billion to US$64 billion; the CPU demand for AI agents is growing, far exceeding the existing supply capacity; it is discussing with Musk whether it can utilize TeraFab's idle production capacity.
8. Concerns about the credit risk of AI cloud service provider CoreWeave have further intensified, with its five-year credit default swap (CDS) spread exceeding 1,000 basis points, reflecting market concerns about its debt repayment and refinancing capabilities.
9. Rocket Lab once again postponed the first flight plan of its new high-thrust rocket Neutron, delaying its first launch to 2027. Rocket Lab shares fell nearly 12% before the market opened.
10. Goldman Sachs expects Google’s capital expenditures next year to be close to US$350 billion, maintaining a “buy” rating on Google and a target price of US$435.
11. The decline in U.S. stocks combined with the attraction of yields has led to the resurgence of the "safe-haven trade" in U.S. bonds. U.S. bond prices have continued their recent gains, driving yields across all maturities lower. The 10-year U.S. Treasury yield fell 10 basis points to 5.08% during the day.
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