B[Falling oil prices add to AI optimism, emerging market stock markets end two consecutive declines] October 9th, as oil prices fell and market concerns about the sustainability of the AI investment boom eased, emerging market stock markets rebounded on Friday. The MSCI Emerging Markets Index rose as much as 0.5%, ending two consecutive days of decline. However, as higher crude oil prices, rising U.S. bond yields and a stronger U.S. dollar suppressed market sentiment earlier this week, the index still faced a second consecutive week of losses. There are reports that OpenAI's annualized revenue is expected to reach or exceed US$70 billion by the end of the year, alleviating market concerns that its revenue will be lower than previously expected, and market risk appetite has been boosted. Charu Chanana, chief investment strategist at Saxo Capital Markets in Singapore, said that the bigger question is whether this revenue can support the huge investment in AI infrastructure and the increasingly high financing costs behind it. "The revenue story may still hold true, but the return logic remains to be verified," she said. B[The AI craze in the United States has caused the rental crisis in San Francisco] October 9th, according to reports, San Francisco is the headquarters of leading companies such as OpenAI, and about two-thirds of local residents rent houses. Currently, the average monthly rent for a one-bedroom apartment in the city is as high as $4,400, up more than 25% from last year and almost three times the national average. Although the city of San Francisco has implemented rent controls, landlords hoping to make a fortune from the AI boom are using various loopholes to try to evict old tenants, raise rents or sell off properties. Statistics show that compared with last year, the number of eviction orders issued by landlords in the city has soared by 44% this year. At this stage, the average rent for a two-bedroom apartment is US$6,000, and the rent for a four-bedroom apartment in the city center has exceeded US$10,000. (Xinhua News Agency) A[Morning News Selection on October 9th]
1. The People's Bank of China issued an article stating that China's trade development is rooted in the improvement of the international competitiveness of its industries. China has no need or intention to gain trade competitive advantages through exchange rate depreciation, and has never engaged in competitive currency depreciation.
2. According to the Ministry of Industry and Information Technology, in the first eight months of this year, China’s software business revenue exceeded 10 trillion yuan, a year-on-year increase of 8.8%, and the total software industry profit increased by 1.3% year-on-year; software business exports were US$45.99 billion, a year-on-year increase of 12.5%.
3. The Ministry of Human Resources and Social Security issued the "Measures for the Protection of Workers' Rights and Interests in New Employment Forms (Draft for Comment)", which stipulates basic labor rights and interests such as equal employment and free choice of employment, labor remuneration, rewards and punishments, working hours and labor intensity, rest, labor safety and health, protection from severe weather, vocational training, social insurance, personal information protection, collective consultation, etc., and sets the bottom line for workers' working conditions in new employment forms.
4. The Beijing Municipal Radio and Television Bureau issued "Beijing's Several Measures to Support the High-Quality Development of the Ultra-HD Audiovisual Industry." It is proposed to increase financial support for the development of the ultra-high-definition audio-visual industry. Conduct targeted listing guidance for key ultra-high-definition companies, and support ultra-high-definition companies to be listed on the domestic main board, science and technology innovation board, gem, and Beijing Stock Exchange.
5. Huang Kunming, Secretary of the Guangdong Provincial Party Committee, went to Shenzhen on October 8 to conduct in-depth research on port hubs and platform enterprises. The survey pointed out that Shenzhen should use the city's efforts to accelerate the development of the artificial intelligence and robotics industries, strengthen the construction of technologies, elements, and scenarios, strive to be at the forefront of cultivating the smart economy, take new paths, and comprehensively enhance new drivers and advantages of industrial development.
6. According to the temporary index adjustment rules and compilation plan, CSI Index Co., Ltd. has decided to adjust the samples of CSI 1000 and CSI 500 indexes, which will take effect after the market closes on October 9, 2026.
7. Citigroup said it expects the CPU market size to reach US$300 billion in 2030.
8. Zunjie Auto released a statement stating that the Zunjie braking system has completed the entire process development and verification in accordance with requirements that are higher than national standards (GB 21670-2025 / GB 7258-2026) and higher than industry standards (QC/T 788-2018). In actual usage scenarios, the brake pedal bracket base did not break.
9. A person from the Securities Department of Changguang Huaxin told a reporter from the Science and Technology Innovation Board Daily that the "FCC 65%" relevant provisions mentioned in the Morgan Stanley report are informal regulations, and domestic 800G/1.6T optical chips are still in extremely short supply in the short term.
10. Dongyue Silicon Materials announced that its net profit in the first three quarters is expected to increase by 19050%-19750% year-on-year; Net profit is expected to increase by 223%-248% year-on-year; Benchuan Intelligent announced that it expects net profit in the first three quarters to increase by 190%-335% year-on-year; Guanghui Energy announced that it expects net profit in the first three quarters to increase by 167%-177% year-on-year.
11. Dongshan Precision responded to rumors related to optical chip procurement restrictions, saying that some of the optical chips used in the optical module business are self-developed and self-produced, and the overall compliance space is sufficient.
12. Xiongsu Technology announced that it plans to acquire no more than 80% of the equity of Xinyuan New Materials.
13. Wavelength Optoelectronics announced that the company and its chairman were prosecuted for smuggling goods prohibited from import and export by the country.
14. Trump stated that he was having productive talks with Iran and would never attack Iran before the midterm elections for the U.S. Congress on November 3.
15. The Houthi armed forces in Yemen issued a statement saying that on the evening of the 8th, the Houthi armed forces attacked the Saudi airport and air base for the third time.
16. The Federal Reserve's Mussallem said that further tightening of monetary policy is needed to bring inflation back to target, and interest rates should be raised in the next 6 to 9 months.
17. Federal Reserve Governor Waller said that further interest rate increases are still needed, but there is "flexibility" in the pace of interest rate increases. The dot plot could reflect a rate hike in early 2027, followed by a rate cut later.
18. The three major U.S. stock indexes closed with mixed gains, with the Dow up 0.1%, the Nasdaq down 1.25%, the S&P 500 down 0.47%, the storage and semiconductor sectors fell, the Philadelphia Semiconductor Index closed down 3.39%, Intel fell over 5%, SanDisk, Micron Technology, and SK Hynix fell over 4%.
19. The settlement price of WTI crude oil futures was US$91.49/barrel, an increase of 3.64%; the settlement price of Brent crude oil futures was US$104.28/barrel, an increase of 4.07%. COMEX gold futures closed up 0.43%, while COMEX silver futures fell 1.43%.
20. Apple plans to hold a product launch event around Tuesday, October 27, to officially launch its first touchscreen version of MacBook and a new generation of iPad mini.
21. According to financial documents disclosed to investors, OpenAI disclosed to investors at the end of September that its current annual revenue is close to US$50 billion, which is about US$20 billion less than OpenAI’s annualized revenue of nearly US$70 billion reported by the media at the end of last month. A[Overnight global news you need to know on Friday: OpenAI’s annual revenue is $20 billion lower than previously reported; Trump said he would not attack Iran before the midterm elections; the Nasdaq closed down more than 1%, and the storage and semiconductor sectors fell]
1. U.S. President Trump stated that he is having productive talks with Iran and will never attack Iran before the U.S. Congressional midterm elections on November 3.
2. Fed Musallem said that further tightening of monetary policy is needed to bring inflation back to target, and interest rates should be raised in the next 6 to 9 months.
3. According to information released on the website of the U.S. Department of the Treasury, the United States has imposed a new round of sanctions on Iran, including 17 ships transporting Iranian crude oil, petroleum products, and petrochemical products.
4. Ukrainian President Zelensky told the media on the 8th that the Ukrainian negotiating team will hold a new round of talks on the Ukraine crisis with US President Trump’s special envoy Witkov and son-in-law Kushner in the United States on the 9th.
5. The Houthi armed forces in Yemen issued a statement on the 8th local time saying that on the evening of the same day, the Houthi armed forces launched two cruise missiles at King Khalid International Airport in Riyadh, Saudi Arabia, and simultaneously launched a ballistic missile at Najran Airport and a ballistic missile at Khamis Mushayt Air Force Base. This is the third time the Houthis have issued a statement on the 8th claiming to have attacked King Khalid International Airport.
6. According to financial documents disclosed to investors, OpenAI disclosed to investors at the end of September that its current annualized revenue is close to 50 billion U.S. dollars, which is about 20 billion U.S. dollars less than OpenAI’s annualized revenue level of nearly 70 billion U.S. dollars reported by the media at the end of last month.
7. Apple confirmed that it will hold a new product launch conference in New York on October 13 to launch new smart home products. The theme of this event is "Welcome home" and a variety of devices will be released.
8. Apple plans to hold a product launch event around Tuesday, October 27, to officially launch its first touch-screen version of MacBook and a new generation of iPad mini.
9. SpaceX officially announced on Thursday that it has reached an agreement to acquire a portfolio of low-frequency spectrum license assets covering the entire United States.
10. According to estimates by the U.S. Congressional Budget Office, the U.S. federal government budget deficit in fiscal year 2026 will total $2 trillion, which is $218 billion higher than the deficit in fiscal year 2025.
11. Freddie Mac said in a statement Thursday that the average interest rate on a 30-year fixed-rate mortgage rose to 7.4% from 7.28% a week ago. The interest rate is currently the highest since November 2023. A year ago it was 6.3%.
12. According to the Investment Company Institute (ICI), the assets of U.S. money market funds increased to $7.96 trillion.
13. The United States’ holdings of U.S. Treasury bonds by foreign central banks decreased by US$16.873 billion in the week to October 2, compared with a decrease of US$15.101 billion in the previous value.
14. The U.S. government suspended green card applications for foreign employees of many technology companies and investigated visa issues at 9 universities.
15. The three major U.S. stock indexes closed with mixed gains. The Dow rose 0.1%, the Nasdaq fell 1.25%, and the S&P 500 fell 0.47%. The storage and semiconductor sectors fell. The Philadelphia Semiconductor Index closed down 3.39%. Intel fell more than 5%. SanDisk, Micron Technology, and SK Hynix fell more than 4%.
16. The settlement price of WTI crude oil futures was US$91.49/barrel, an increase of US$3.21, or 3.64%. Brent crude oil futures settled at $104.28 per barrel, up $4.08, or 4.07%.
17. COMEX gold futures closed up 0.43% at US$4,158.3 per ounce; COMEX silver futures fell by 1.43% at US$59.43 per ounce. A[Overview of U.S. stock market pre-market news: Google launches Gemini smart body; GlobalFoundries and TSMC signed a US$2 billion silicon interposer agreement for advanced AI packaging; Fed Waller said further flexible interest rate hikes are still needed] On October 8, the financial news of the U.S. stock market that investors need to focus on is as follows:
1. Futures on the three major U.S. stock indexes fell moderately. Dow Jones futures fell 0.72%, S&P 500 futures fell 0.41%, and Nasdaq 100 futures fell 0.64%.
2. International oil prices have both surged. WTI crude oil futures prices rose 4.81% to US$92.525/barrel; Brent crude oil futures prices rose 4.83% to US$105.039/barrel.
3. International gold and silver spot prices were mixed. Spot gold prices rose 0.49% to US$4,130.91 per ounce; spot silver prices fell by 1.36% to US$58.96 per ounce.
4. The three major European stock indexes fell across the board. Britain's FTSE 100 index fell 0.10%, France's CAC40 index fell 0.46%, and Germany's DAX30 index fell 0.86%.
5. Google Cloud launches the Gemini agent, which is positioned as a general working agent and can run on the Gemini model or Claude model. Affected by this, Google rose by more than 1% before the market opened, and Meta fell by more than 1%.
6. Broadcom is arranging more than US$50 billion in financing for its project to develop customized AI chips in cooperation with OpenAI. Apollo Asset Management and Blackstone Group are among the lenders in talks to participate in the financing, people familiar with the matter said.
7. The stock price of Wolfspeed, the leading silicon carbide company in the U.S., surged more than 15% before the market opened after the company received a $1.5 billion conditional loan commitment from the U.S. Department of Defense.
8. Globalfoundries signed a US$2 billion silicon interposer agreement with TSMC for advanced AI packaging, with an initial term of 5 years.
9. TSMC’s sales in September were NT$511.86 billion, a month-on-month decrease of 0.6% and a year-on-year increase of 54.6%. TSMC’s revenue in the first three quarters of 2026 was NT$3,898.73 billion, a year-on-year increase of 41.1%.
10. Citigroup said it expects the CPU market size to reach US$300 billion in 2030, and has significantly raised AMD's target price from US$575 to US$800, maintaining a "buy" rating.
11. Investment bank DA Davidson significantly raised the target price of Micron Technology from US$2,100 to US$3,000, the highest on Wall Street, and reiterated a "buy" rating.
12. OpenAI fully launches GPT-6 for all free and paid ChatGPT users around the world, officially replacing GPT-5.6 SOL and GPT-5.6 LUNA.
13. Federal Reserve Governor Waller said that further interest rate increases are still needed, but there is "flexibility" in the pace of interest rate increases. The dot plot could reflect a rate hike in early 2027, followed by a rate cut later. A[Morning News Selection on October 8th]
1. Domestic Chapter
1. Minister of Finance Lan Fo'an published an article "Accurate and Effective Implementation of More Active Fiscal Policies" on Qiushi.com on October 1. The article pointed out that the financial department should study and formulate highly targeted incremental policies, promote more active fiscal policies to improve efficiency, and provide a strong guarantee for completing the annual economic and social development goals and tasks. We must pay more attention to expanding effective domestic demand and maintaining stable economic operation.
2. Statistics from the State Administration of Foreign Exchange show that as of the end of September 2026, China’s foreign exchange reserves were US$3.4003 billion, a decrease of US$38.1 billion from the end of August, a decrease of 1.11%.
3. China’s gold reserves at the end of September were at 77.47 million ounces, an increase of 740,000 ounces from the previous month. At the end of August, China’s gold reserves were at 76.73 million ounces. The People's Bank of China has increased its gold holdings for the 23rd consecutive month.
4. The central bank will launch a 1.2 trillion yuan buyout reverse repurchase operation on October 8 with a period of 3 months.
5. France and Germany require the EU to strengthen protectionist tools such as trade defense. The Ministry of Commerce responded that it hopes that France and Germany, as important global economies, can adhere to open cooperation and free trade, abide by WTO rules, and not encourage the EU to use protectionist tools at every turn, let alone politicize and pan-security economic and trade issues, and avoid taking the wrong path in the wrong way and ultimately backfire on themselves.
6. In response to a reporter’s question regarding the launch of an anti-dumping investigation into imported para-nitrotoluene originating in the EU, a spokesman for the Ministry of Commerce said that China has repeatedly reiterated that the EU needs to face up to the economic and trade issues it faces and resolve mutual concerns through dialogue and consultation.
7. Hang Seng Index Company announced that it will carry out six reforms of the Hang Seng Technology Index, which will expand the constituent stocks from 30 to 50 and will be implemented in December.
8. According to the latest notice from the airline, starting from October 10, the fuel surcharge for domestic routes will be increased.
9. China has recently proposed for the first time the strategy of directly electrolyzing seawater to produce hydrogen using AC power instead of traditional DC power to achieve on-site hydrogen production through offshore power generation, which fundamentally solves the bottleneck problem of seawater electrolysis for hydrogen production.
10. The latest data from Mobility Global shows that in the first half of 2026, pure gasoline models accounted for 49% of global new car sales. This is the first time in history that the proportion of pure gasoline vehicle sales has fallen below 50%, and it has dropped significantly by 24% from 73% in 2021.
11. Wenjie Auto announced that on September 30, the strategic cooperation signing ceremony for Hongmeng Zhixing Wenjie business upgrade was held in Shenzhen. The two parties will continue to anchor the core positioning of Wenjie's high-end smart car brand, jointly establish a dedicated Wenjie business team, and further upgrade Wenjie's business.
12. According to people familiar with the matter, Dark Side of the Moon has completed the last round of private equity financing, with a valuation of approximately US$50 billion, and is promoting an IPO in Hong Kong in the first quarter of next year.
13. A reporter from the Science and Technology Innovation Board Daily learned exclusively that Amazon Bedrock, a large model service platform under Amazon Cloud Technology, officially announced that it will be connected to Wisdom Spectrum GLM-5.3. AWS will share revenue with Wisdom Spectrum based on the number of model calls.
14. Shengmei Shanghai announced that as of September 29, orders on hand reached 17.073 billion yuan, a year-on-year increase of 88.2%; Zhishang Technology announced that it had signed a US$500 million memorandum of cooperation on optical fiber connector demand forecasting.
15. Dongyangguang announced that the controlling shareholders and persons acting in concert plan to increase their holdings of shares by 600 million to 1.2 billion yuan.
16. Feilong Co., Ltd. announced that its net profit in the first three quarters was expected to drop by 59.2%-66.87% year-on-year.
2. Global Chapter
1. During the National Day holiday, many indexes such as the Nasdaq, S&P 500, and Japan's Topix once hit record highs. At the close of trading on October 7, all stocks fell from their historical highs, with the Dow Jones Industrial Average falling 0.66%, the Nasdaq Composite Index falling 0.22%, and the S&P 500 Index falling 0.22%.
2. During the National Day holiday, major European stock indexes generally fell. European stocks generally fell on October 7, with the British FTSE 100 index falling by 0.79%, the French CAC40 index falling by 1.44%, and the German DAX30 index falling by 1.41%.
3. International crude oil futures prices are basically the same as before the holiday. On October 7, the settlement price of WTI crude oil futures was US$88.28/barrel, down 1.3%; the settlement price of Brent crude oil futures was US$100.2/barrel, down 0.38%.
4. The number of non-farm employment in the United States increased by 29,000 in September, which is expected to increase by 90,000, and the previous value increased by 162,000.
5. The minutes of the Federal Reserve meeting showed that there was unanimous support for raising interest rates at the September meeting, and most participants preferred another rate increase within the year.
6. Fed Governor Bowman, Fed Kashkari and many other officials spoke intensively. The overall remarks were hawkish, and most believed that interest rates would continue to be raised in 2026.
7. The International Energy Agency issued a statement on the 7th saying that its member governments agreed to speed up the implementation of the oil reserve release plan announced in March this year. If all previously committed but not yet released reserves are put on the market, it is expected that about 100 million barrels of oil will be released.
8. The yields on long-term U.S. Treasury bonds have risen again, with the yields on 10-year and 30-year Treasury bonds hitting new highs since 2022.
9. Bank of America strategists said that the attractiveness of U.S. debt has increased, forming "real competition" with U.S. stocks for the first time in decades. The current 10-year U.S. Treasury yield has exceeded 5%, and its team’s valuation framework shows that the return rate of the S&P 500 Index in the next 10 years may not reach this level.
10. NVIDIA announced that the DGX SPARK 64GB configuration will be launched through major partners starting this month. The device can locally run AI models with up to 100 billion parameters.
11. Apple’s upcoming new smart home products will include a batch of smart doorbells, smart thermostats and other supporting accessories jointly developed through cooperation with LG Electronics.
12. People familiar with the matter revealed that Anthropic is seeking to go public as soon as mid-November, after the company had previously postponed its IPO plan. Anthropic may officially launch its IPO promotion as early as the week of November 9, which could lead to trading before Thanksgiving on November 26.
13. Solidigm, a subsidiary of Hynix, has selected the lead investment bank for its U.S. initial public offering next year, including Goldman Sachs Group and Morgan Stanley.
14. Samsung Electronics’ third-quarter sales were 195.00 trillion won, a year-on-year increase of 127%, and it is estimated to be 201.9 trillion won. Operating profit in the third quarter was 107.40 trillion won, a year-on-year increase of 783%, and is expected to be 108.67 trillion won.
15. OpenAI fully launches GPT-6 for all free and paid ChatGPT users around the world, officially replacing GPT-5.6 SOL and GPT-5.6 LUNA.
16. Micron Technology CEO said that industry HBM demand growth will continue to outperform traditional DRAM until 2028.
17. Micron Technology’s adjusted revenue in the fourth quarter of fiscal year 2026 is US$54.23 billion, a year-on-year increase of 379%. It is estimated to be US$51.49 billion, compared with US$11.32 billion in the same period last year; the company expects adjusted revenue in the first quarter of fiscal year 2027 to be US$60 billion to US$63 billion.
18. The 2026 Nobel Prize in Chemistry, Physics, Physiology or Medicine is announced.
3. The situation in the Middle East
1. Iran stated that it will soon block the "illegal" passage through the Strait of Hormuz, and that the range of weapons can be expanded according to battlefield needs. Iran reiterated that the Strait of Hormuz will remain closed until its demands are met.
2. U.S. President Trump said in a speech in Sparrows Point, Maryland, on the 6th that the military action against Iran “must come to an end.”
3. The conflict between the Houthi armed forces in Yemen and Saudi Arabia continues. As of October 7, the Houthi armed forces in Yemen claimed to have attacked Saudi Arabia's main airports and air bases, and repelled the government's offensive in the direction of the Bab el-Mandeb Strait; the Yemeni government claimed that the operation against the Houthi armed forces had made progress.
4. Trump announced on September 30, local time, that the last batch of U.S. troops was withdrawing from Iraq.
5. Saudi Arabia, Pakistan and Turkey held an emergency meeting of the "Mecca Defense Alliance" Strategic Political and Defense Committee in Riyadh and issued a joint statement announcing the activation of a collective defense mechanism. A[Overnight global news you need to know on Thursday: The three major U.S. stock indexes collectively closed down; the Federal Reserve minutes showed unanimous support for a September interest rate hike, with most participants leaning toward another rate hike within the year; senior Iranian officials said Iran will never give up its right to enrich uranium]
1. The minutes of the Federal Reserve meeting showed that there was unanimous support for raising interest rates at the September meeting, and most participants preferred another rate increase within the year.
2. Iran stated that it will soon block the "illegal" passage through the Strait of Hormuz, and that the range of weapons can be expanded according to battlefield needs. Iran reiterated that the Strait of Hormuz will remain closed until its demands are met.
3. The International Energy Agency issued a statement on the 7th saying that its member governments agreed to speed up the implementation of the oil reserve release plan announced in March this year. If all previously committed but not yet released reserves are put on the market, it is expected that about 100 million barrels of oil will be released.
4. Yahya Saraya, the military spokesman of the Houthi armed forces in Yemen, issued a statement on the social media platform on the 7th, saying that in the past 24 hours, Saudi Arabia launched 156 air strikes and missile attacks on six provinces in Yemen.
5. A senior Iranian official said that the United States’ recognition of Iran’s right to enrich uranium is Iran’s “red line” and Iran will never make any concessions on this point.
6. Saudi Arabia’s General Civil Aviation Authority issued a statement on the 7th saying that Abha International Airport in southwest Saudi Arabia and King Khalid International Airport in the capital Riyadh were attacked from the 6th to the 7th, resulting in a total of 3 deaths and 36 injuries.
7. The British Maritime Trade Action Office issued a report on the 7th saying that an oil tanker was hit by multiple projectiles in the waters near Qatar that day and reported casualties.
8. OpenAI fully launches GPT-6 for all ChatGPT free and paid users around the world, officially replacing GPT-5.6 SOL and GPT-5.6 LUNA.
9. Anthropic released the latest AI model Claude Haiku 5.5, which is used to perform cost-sensitive tasks. The pricing of the new model is significantly lower than that of Haiku 4.5.
10. Broadcom is arranging more than $50 billion in financing for its project to develop customized artificial intelligence (AI) chips in cooperation with OpenAI. Apollo Global Management and Blackstone Group are among the lenders in talks to participate in the financing, people familiar with the matter said.
11. Solidigm, a subsidiary of Hynix, has selected the lead investment bank for its U.S. initial public offering next year, including Goldman Sachs Group and Morgan Stanley. The IPO is expected to raise approximately US$10 billion, and it will be officially listed as soon as 2027, with a post-investment valuation of up to US$100 billion.
12. RTX Spark equipped with NVIDIA chips has officially started pre-sale. Also unveiled at the same time is NVIDIA's first desktop AI supercomputer specially built for Windows enterprise desktops - NVIDIA DGX Station for Windows preview version.
13. The one-year inflation expectation of the New York Fed in the United States in September was 3.9%, the highest level since May 2023. The expectation is 3.64%, compared with the previous value of 3.58%.
14. The World Gold Council reported that global gold ETFs attracted US$10 billion in September, pushing third-quarter inflows to a record US$31 billion, led by European and North American listed funds.
15. The U.S. Department of Homeland Security announced a proposed rule on the 7th that would impose high fees on international students using the "Selective Internship Training" program to work in the United States. This is the latest move by the U.S. government to tighten policies related to international students.
16. The three major U.S. stock indexes collectively closed down, with the Dow Jones Industrial Average falling 0.66%, the Nasdaq Composite Index falling 0.22%, and the S&P 500 Index falling 0.22%. Popular technology stocks had mixed gains and losses. Micron Technology rose by more than 4%, Super Micro Computer rose by more than 3%, and Meta, SpaceX, Qualcomm, and SK Hynix fell by more than 2%.
17. The major European stock indexes closed generally lower. The UK's FTSE 100 index fell by 0.79%, the French CAC40 index fell by 1.44%, the German DAX30 index fell by 1.41%, and the FTSE Italian MIB index fell by 2.51%.
18. The settlement price of WTI crude oil futures was US$88.28/barrel, down US$1.16, or 1.30%. Brent crude oil futures settled at $100.20 per barrel, down $0.38, or 0.38%.
19. COMEX gold futures closed down 1.2% at US$4,136.7 per ounce; COMEX silver futures fell by 2.5% at US$60.05 per ounce. A[Overview of U.S. stock market pre-market news: U.S. stock index futures and European stocks collectively rose, Musk’s net worth returned to one trillion U.S. dollars, and OpenAI took new preventive measures after its agent accessed Australian data without authorization] October 6th, the financial news of the U.S. stock market that investors need to focus on is as follows:
1. Futures on the three major U.S. stock indexes rose collectively. So far, Dow Jones Index futures are up 0.71%, S&P 500 Index futures are up 0.50%, and Nasdaq 100 Index futures are up 0.63%.
2. The major European stock indexes rose collectively. So far, the UK's FTSE 100 index has risen by 0.37%, the French CAC40 index has risen by 0.57%, the German DAX30 index has risen by 0.73%, and the FTSE Italian MIB index has risen by 0.78%.
3. International crude oil futures fell sharply during the session. As of now, the price of WTI crude oil futures has fallen by 2.66% to US$87.048/barrel; the price of Brent crude oil futures has fallen by 2.75% to US$97.557/barrel.
3. The wealth of the world's richest man, Elon Musk, increased by US$65 billion on Monday, and his net worth exceeded one trillion US dollars again after three months.
4. Google and Constellation reached an 890-megawatt nuclear power capacity agreement.
5. AMD CEO said that the supply of memory chips is still tight and the demand in the next few years will be very high.
6. Seagate and Toshiba are reported to be bidding for TDK's hard disk head business, and the transaction amount may reach billions of dollars.
7. According to people familiar with the matter, DayOne Data Center, which is backed by SoftBank, plans to raise up to US$5 billion in a US IPO and plans to list ADS on Nasdaq by the end of this year at the latest.
8. OpenAI Chief Strategy Officer Jason Quan said in Sydney on the 6th that after an OpenAI agent accessed the Australian National Health Insurance System data portal without authorization, his company has adopted new preventive monitoring measures and has learned lessons from the incident.
9. Samsung Electro-Mechanics received nearly 290 billion won in AI server MLCC orders.
10. Goldman Sachs raised TSMC’s 12-month target price from NT$3,100 to NT$3,300, indicating an upside potential of approximately 28%.
11. The Saudi Energy Minister said that the oil currently transported through the East-West Pipeline has reached 5.8 million barrels.
12. The Defense Minister said that he has instructed the military to increase their alertness to deal with possible attacks.
13. The Russian Ministry of Defense stated that it has continued to attack Ukraine’s logistics centers and port facilities.
14. ECB Governing Council member Rehn said that the ECB will not pre-commit to any specific interest rate path.
15. South Korea’s Ministry of Science, Technology, Information and Communications stated that South Korea plans to launch a US$3.5 billion cutting-edge AI model development project next year.
16. On October 6, local time, the Royal Swedish Academy of Sciences decided to award the 2026 Nobel Prize in Physics to Francis Halzen.
— All loaded —
