A · Important
[Overview of U.S. stock market pre-market news: McVell plans to acquire Lumentum in an all-stock transaction; Musk said that space computing power will "crushed" the ground in 2029; Apple's earnings report comes in the early morning] On November 2, the financial news of the U.S. stock market that investors need to focus on is as follows:
1. The three major U.S. stock index futures collectively rose. Dow Jones futures rose 0.33%, S&P 500 futures rose 0.30%, and Nasdaq 100 futures rose 0.52%.
2. International oil prices both fell. WTI crude oil futures prices fell 4.43% to US$99.503/barrel; Brent crude oil futures prices fell 4.24% to US$108.623/barrel.
3. International gold and silver spot prices rose collectively. Spot gold prices rose 0.61% to US$3,900.37 per ounce; spot silver prices rose 1.98% to US$50.06 per ounce.
4. The three major European stock indexes fluctuated within a narrow range. Britain's FTSE 100 index fell 0.22%, France's CAC40 index rose 0.07%, and Germany's DAX30 index fell 0.15%.
5. Marvel Technology plans to acquire Lumentum through an all-stock transaction. The transaction implies an enterprise value of approximately US$115 billion, corresponding to approximately US$1,132 per share of Lumentum, a premium of approximately 24%. The transaction is expected to be completed in the first half of 2028.
6. Musk predicts that by 2029, the artificial intelligence and cloud computing processing power deployed in low-Earth orbit will far exceed ground computing power. However, Google said that the launch cost of sending computing hardware into orbit is "extremely high", up to 100 times the cost of ground construction.
7. Apple will announce its fourth quarter financial report for fiscal year 2026 after the U.S. stock market closes on November 2 (early morning on November 3, Beijing time). The market will focus on the impact of memory cost pressure on gross profit margins as well as iPhone Duo's sales performance and supply improvement in the next quarter.
8. Technology reporter Gurman revealed that Apple plans to eliminate all non-touchscreen high-end MacBook Pros in the existing notebook lineup when it launches the second-generation touchscreen MacBook Pro in 2027.
9. Google has launched the issuance of Euro-denominated bonds with seven tranches, including 4-year, 6-year, and 19-year tranches. This is the company's second Eurobond issuance this year.
10. Morgan Stanley predicts that global data center IT capacity will increase from approximately 136 gigawatts (GW) at the end of 2026 to 316GW in 2030, an increase of approximately 180GW, with a compound annual growth rate of 23%.
11. Documents show that Anthropic plans to sell Japanese shares worth up to $3.5 billion before listing on Nasdaq.
12. The United States has entered winter time. The opening time of CME Group crude oil, gold, and U.S. stock index futures has been adjusted to 07:00 Beijing time, and the opening time of U.S. stocks has been adjusted to 22:30 Beijing time.
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