A[Overview of U.S. stock market pre-market news: Micron’s 2027 fiscal year profit is expected to surpass Microsoft; Coherent launches compact QSFP full C-band high-power optical line system; US$68 billion data center project in the United States is blocked] September 21st, investors need to focus on the following financial news in the U.S. stock market:
1. The three major U.S. stock index futures collectively rose. Dow Jones futures rose 0.80%, S&P 500 futures rose 0.71%, and Nasdaq 100 futures rose 1.12%. The market is optimistic about the talks between the Chinese and US presidents.
2. International oil prices fell collectively. WTI crude oil futures prices fell 2.69% to US$93.492/barrel; Brent crude oil futures prices fell 2.23% to US$97.073/barrel.
3. International gold and silver spot prices were mixed. Spot gold prices fell 0.54% to US$4,354.47 per ounce; spot silver prices rose 0.24% to US$66.41 per ounce.
4. The three major European stock indexes rose across the board. Britain's FTSE 100 index rose 1.02%, France's CAC40 index rose 0.98%, and Germany's DAX30 index rose 1.16%.
5. Intel is negotiating with display panel manufacturer AUO for advanced packaging cooperation on Micro LED substrates. The two parties plan to explore joint packaging optics (CPO) and high-density computing chip integration solutions.
6. Micron Technology’s latest guidance shows that net profit in the fourth quarter of fiscal 2026 may reach approximately US$35 billion. If it continues at this pace, its profits in fiscal year 2027 may exceed Microsoft's.
7. Optical communications leader Coherent announced the expansion of its pluggable optical line system product portfolio, launching an optical line system in a compact QSFP package with full C-band high-power variable gain amplification capabilities. A single optical fiber pair supports up to 32 DWDM wavelengths and can carry up to 25.6Tbps of AI data center business traffic on links from 2km to 200km.
8. Meta announced that the Petal submarine cable connecting France and the United States is expected to be put into use in 2029, and its capacity will double to P-bit level.
9. Novo Nordisk’s CEO stated that it will launch new innovative drugs for diabetes and obesity before losing its exclusive patent rights; and by 2030, the company’s production capacity will be able to meet the needs of 5 million patients using Wegovy oral drugs.
10. JPMorgan Chase said that the average waiting time for iPhone 18 Pro shipments in the second week increased from 7 days in the first week to 23 days, and iPhone 18 Pro Max lengthened from 19 days in the first week to 30 days in the second week. This may indicate strong market demand.
11. Data Center Watch, a research organization, stated that between April and June this year, approximately 45 data center projects in the United States were halted or delayed due to opposition from local residents and communities, with a total value of US$68 billion. B[UBS: Initial demand for the iPhone 18 Pro series is weak, maintaining Apple's "neutral" rating] On September 21, UBS maintained Apple's "neutral" rating and a target price of US$296 after tracking supply data after the iPhone 18 series was pre-sold, believing that the initial demand for the iPhone 18 Pro and Pro Max was relatively mild. UBS Evidence Lab's tracking of more than 30 markets shows that the average waiting time for the iPhone 18 Pro Max is about 23 days, about 2 days shorter than the same period last year, of which the waiting time in the Chinese market is shortened by about 4 days year-on-year; the average waiting time for the iPhone 18 Pro is about 16 days, also shortened by about 2 days year-on-year, and the Chinese market is about 10 days shorter than the same period last year. The United States is the only major market where the waiting time is extended year-on-year, increasing by about 1 day. UBS believes that the shorter waiting time may be related to the strong demand for the iPhone 17 series in the past year, the limited upgrade of the Pro series this year, and the increase in average selling prices. It also pointed out that Chinese market data may be affected by some consumers waiting for the launch of the Duo model next month. UBS therefore believes that it has not yet seen significantly higher-than-expected demand for the iPhone 18 Pro series. B[iPhone 18 Pro "broke" and some "scalpers" quoted prices lower than the launch price] On September 18, Apple's iPhone 18 Pro series was sold for the first time. At about 8 a.m., reporters visited Apple's official retail store in Yitian Holiday Plaza, Nanshan, Shenzhen and found that many consumers were queuing up to pick up the phones outside the store. Due to product planning adjustments, Apple has not yet launched the basic model of iPhone 18. This time it will launch two new models, iPhone 18 Pro and iPhone 18 Pro Max, with starting prices of 9,999 yuan and 10,999 yuan respectively. Outside the store, many recyclers, commonly known as "scalpers" in the market, were collecting machines on site. The reporter saw on the spot that the overall repurchase market for iPhone 18 Pro was sluggish. Some people simply refused to buy iPhone 18 Pro. Some of the repurchase prices were even lower than Apple's official starting price, and the price was "broken" on the first sales day. The recycling market of the iPhone 18 Pro Max 256GB and 512GB versions is better than other versions, while the market of the 1TB and 2TB high-capacity versions is stagnant. (China Securities News) B[iPhone 18 Pro series sold out on multiple e-commerce platforms] On September 12, Apple’s new products officially opened for pre-sale at 8 pm on September 12, and the first night of pre-sale for the iPhone 18 Pro series was staged. While consumers flocked to various platforms to snap up purchases, the first batch of supplies of many popular models were sold out on different e-commerce platforms, with obvious price premiums. The average transaction price of the iPhone 18 Pro Max 256GB in burgundy was 12,799 yuan, an increase of 1,800 yuan, or 16.4%; the average transaction price of the 256GB silver version was 13,999 yuan, an increase of 3,000 yuan, or 27.3%. On the other hand, as of press time, the iPhone 18 Pro series is still available for pre-order on the official website in some regions, and can be picked up on the same day it goes on sale. A[Overnight global news you need to know on Saturday: Traders expect the probability of the Federal Reserve raising interest rates next week to be about 90%; Iran said it will discuss the Strait of Hormuz commercial shipping route in Oman on the 14th; international crude oil fell]
1. The three major U.S. stock indexes collectively closed higher. The Dow rose 0.98% and fell 1.57% this week. The Nasdaq rose 0.96% and fell 0.66% this week. The S&P 500 rose 0.86% and fell 0.8% this week. The optical communications sector rose, while the storage sector saw mixed gains and losses; most large technology stocks rose, with Dell Technologies rising by more than 11% and Super Micro Computer rising by more than 7%.
2. The U.S. CPI increased by 3.4% year-on-year in August, in line with market expectations; the core CPI in August increased by 0.3% month-on-month, higher than market expectations.
3. After the release of U.S. CPI data, traders predict that the probability of the Federal Reserve raising interest rates next week is about 90%.
4. Iran said it will hold a meeting in Oman on the 14th to discuss the commercial shipping route in the Strait of Hormuz.
5. Saudi Arabia’s Ministry of Energy issued a statement on the 11th saying that the Riyadh section and the Medina section of the country’s East-West Oil Pipeline were attacked multiple times on the morning of the 10th, and precautionary measures have been taken to close the pipeline.
6. After the Houthi armed forces in Yemen captured the important Red Sea town of Mucha, the number of ships passing through the Bab el-Mandeb Strait dropped sharply to single digits on the 10th.
7. Russian Presidential Press Secretary Peskov said in an interview that the Kremlin expects that Russia, the United States and Ukraine will be able to hold a trilateral meeting and continue dialogue in the near future.
8. The US Central Command stated that the US military continues to implement naval blockade operations against Iran. As of September 11, the US military had diverted 99 merchant ships.
9. The defense team of the Venezuelan president and his wife applied for the temporary release of the first lady.
10. U.S. Commerce Secretary Lutnick said that the United States can try to "earn" funds to issue $5,000 checks and will not rely on tax funds.
11. The settlement price of international crude oil futures fell. WTI crude oil futures closed at US$100.05 per barrel, a decrease of 2.37%; Brent crude oil futures closed at US$104.61 per barrel, a decrease of 2.81%.
12. International precious metals rose. Spot gold rose 0.68% to US$4348.11 per ounce, down 1.85% this week; spot silver rose 1.32% to US$64.4384 per ounce, down 2.66% this week.
13. The major European stock indexes closed collectively higher, with the UK's FTSE 100 index rising by 0.35%, France's CAC40 index rising by 0.73%, and Germany's DAX30 index rising by 0.77%.
14. The US federal government’s budget deficit reached US$1.96 trillion in the first 11 months of this fiscal year, and the government budget deficit in August was US$166.8 billion.
15. U.S. household net worth increased by a record $12.803 trillion in the second quarter from the previous quarter.
16. Citigroup expects the Federal Reserve to raise interest rates in September and cut interest rates before mid-2027.
17. Citigroup reiterated its copper price target of US$15,000 per ton within 0-3 months.
18. Standard & Poor's has significantly adjusted the US dollar rating and may lower the bond rating outlook to negative.
19. Apple said that starting from 5 a.m. Pacific time on September 12, customers can pre-order iPhone 18 Pro and iPhone 18 Pro Max on Apple’s official website and Apple Store app.
20. Oracle will invest an additional US$700 million in restructuring plans.
21. Corning reached an equity placement agreement of up to US$2 billion.
22. Tesla announced that its Semi electric heavy-duty truck will soon enter the European market.
23. The president of Rapidus, a Japanese semiconductor chip company, said in a speech in the United States that he planned to build a semiconductor factory on the moon’s surface around 2040.
24. Goldman Sachs and Bank of America are competing to manage the huge wealth Anthropic employees gained from the IPO. A[September 10 morning news selection]
1. The State Council Information Office will hold a press conference with the theme of "Getting Started with the 15th Five-Year Plan" at 3 pm today. Lu Lei, Vice Governor of the People's Bank of China, Cong Lin, Deputy Director of the State Administration of Financial Supervision, Li Chao, Vice Chairman of the China Securities Regulatory Commission, and Li Bin, Spokesperson and Deputy Director of the State Administration of Foreign Exchange, will introduce the implementation of the 15th Five-Year Plan in the financial sector and promote the construction of a financial power, and answer reporters' questions.
2. The United States issued a cybersecurity announcement related to the distillation activities of Chinese artificial intelligence companies in the United States. A spokesman for the Ministry of Commerce said that the relevant announcement by the United States is another clear example of its pursuit of technological hegemony, monopoly on computing power, and suppression of competition in the field of artificial intelligence. China firmly opposes this.
3. The Beijing Municipal People’s Government issued the “Beijing High-Precision Industry Development Plan during the 15th Five-Year Plan Period”. It pointed out that the development of the commercial aerospace industry should be accelerated, breakthroughs in reusable rocket and high-thrust engine technology should be made, the mass production and supporting capabilities of satellites and key components should be strengthened, the country should participate in the construction of large-scale constellations, and develop differentiated commercial constellations.
4. It is reported that DeepSeek has entrusted CITIC Securities to prepare for the IPO of the Science and Technology Innovation Board. I learned from people familiar with the matter that this news is true. At present, CITIC Securities has contacted DeepSeek and entered the due diligence stage, but the two parties have not yet signed a formal listing guidance agreement.
5. Apple released its first foldable screen flagship phone, iPhone Duo, with a starting price of US$1,999; the starting price in China is 15,999 yuan, with the top model priced at 26,499 yuan. The iPhone 18 Pro starts at $1,199, and the iPhone 18 Pro Max starts at $1,299.
6. According to TrendForce’s latest foundry industry research, the combined output value of the world’s top ten foundries increased by 11.5% quarter-on-quarter in the second quarter of 2026, reaching close to US$53.49 billion, setting a new high.
7. According to DeepSeek’s official website, it plans to officially release the V4.1 Flash model around September 10, 2026, Beijing time. After internal and external testing, V4.1 Flash has completely surpassed V4 Pro in various indicators such as performance, cost, speed, and total time.
8. Suiyuan Technology disclosed the initial public offering of shares on the Science and Technology Innovation Board. The company's shares will be listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange on September 11.
9. Xingyu Co., Ltd. announced that relevant text errors in the 2025 annual report have been corrected, and the age information of Vice Chairman Zhou Yuheng’s 58 years old is incorrect. On the same day, the Shanghai Stock Exchange issued a regulatory work letter on matters related to Changzhou Xingyu Automotive Lighting Co., Ltd.
10. Jingwei Co., Ltd. announced plans to change control rights and the stock was suspended from trading.
11. Kapok Co., Ltd. announced that the sugar business revenue accounted for 68.07%, and the impact of rising raw sugar prices on the company's short-term performance is uncertain. 3-connected board Huamai Technology announced that although the price of optical cable products has increased recently, the price increase is not sustainable due to multiple factors.
12. Longsys announced that the shareholding ratio of controlling shareholders and persons acting in concert was passively diluted to 38.46%.
13. *ST Zhuoran announced that it has been initially found that some annual financial information is suspected of false records, which may lead to major violations and forced delisting.
14. Deep Technology announced that its subsidiary plans to invest 1.85 billion yuan to expand high-end memory chip packaging and testing production capacity. Qiaoyin Co., Ltd. announced that it plans to purchase computing power servers and supporting equipment in batches and sign a computing power service contract.
15. The three major U.S. stock indexes collectively closed down, with the Dow Jones Industrial Average falling 0.77%, the Nasdaq Composite Index falling 0.64%, and the S&P 500 Index falling 0.48%. Storage and optical communications sectors rose; Meta rose more than 6%, and Apple fell 0.28%.
16. U.S. President Trump said he expected the war against Iran to end after the U.S. midterm elections in November this year.
17. The U.S. Treasury Department stated that under the expanded Treasury repurchase program, the U.S. Treasury Department will purchase up to $6 billion in long-term government bonds in the first operation. The U.S. 30-year Treasury bond yield rose above 5.30% during the session.
18. Apple releases the A20 Pro chip based on 2nm process technology. The A20 chip will be equipped with two neural engines with a total of 32 cores to improve end-side artificial intelligence performance.
19. The chief financial officer of OpenAI said that it is considering reforming the charging model, testing a new charging model based on performance pricing, gradually bidding farewell to the billing method based on usage, and competing with lower-priced open source models.
20. The settlement price of international crude oil futures rose sharply. WTI crude oil futures closed at US$96.05 per barrel, an increase of 3.25%; Brent crude oil futures closed at US$101.21 per barrel, an increase of 3.36%; the settlement prices of Brent oil and US oil futures both closed at their highest levels since May 22. A[Overnight global news you need to know on Thursday: Trump said the war with Iran will end after the midterm elections; iPhone Duo Chinese version starts at 15,999 yuan; international crude oil surges]
1. The three major U.S. stock indexes collectively closed down, with the Dow Jones Industrial Average falling 0.77%, the Nasdaq Composite Index falling 0.64%, and the S&P 500 Index falling 0.48%. Storage and optical communications sectors rose; Meta rose more than 6%, and Apple fell 0.28%.
2. Apple released its first foldable screen flagship phone, iPhone Duo, with a starting price of US$1,999; the starting price in China is 15,999 yuan, and the top model is 26,499 yuan. The iPhone 18 Pro starts at $1,199, and the iPhone 18 Pro Max starts at $1,299.
3. Apple releases the A20 Pro chip based on 2nm process technology. The A20 chip will be equipped with two neural engines with a total of 32 cores to improve end-side artificial intelligence performance.
4. U.S. President Trump said that he expects the war against Iran to end after the U.S. midterm elections in November this year.
5. U.S. President Trump said that he had a good conversation with Russian President Putin and that a bilateral meeting may be held.
6. The Saudi-led multinational coalition said that Yemen’s Houthi armed forces used ballistic missiles and drones to attack the southern Saudi cities of Khamis Mushait, Abha and Jizan.
7. Iran said in the early morning of the 10th that a huge explosion came from the country’s Qeshm Island.
8. The U.S. Treasury Department stated that under the expanded Treasury repurchase program, the U.S. Treasury Department will purchase up to $6 billion in long-term government bonds in the first operation.
9. The U.S. Congressional Budget Office estimates that the budget deficit in August was US$168 billion.
10. The settlement price of international crude oil futures rose sharply. WTI crude oil futures closed at US$96.05 per barrel, an increase of 3.25%; Brent crude oil futures closed at US$101.21 per barrel, an increase of 3.36%; the settlement prices of Brent oil and US oil futures both closed at their highest levels since May 22.
11. International precious metals rose. Spot gold rose 1.02% to US$4,400.29 per ounce; spot silver rose 2.30% to US$67.2718 per ounce.
12. The major European stock indexes closed collectively lower, with the UK's FTSE 100 index falling by 1.31%, the French CAC40 index falling by 2.03%, and the German DAX30 index falling by 1.74%.
13. The World Gold Council issued a document stating that global gold ETFs attracted US$18 billion in capital inflows in August, setting a record for the second largest single-month inflow in history.
14. U.S. Energy Secretary Wright said that the daily flow of crude oil in the Strait of Hormuz is slightly less than 11 million barrels; another 3 million to 5 million barrels of crude oil are transported through pipelines every day.
15. South Africa’s Central Energy Fund (CEF) proposed a plan to rebuild refining capacity.
16. The U.S. Treasury Department auctioned $72 billion in four-month Treasury bills, with a winning interest rate of 3.895%.
17. Dow Chemical is considering withdrawing from the US$20 billion Saudi chemical joint venture project, and Saudi Aramco may become the takeover party.
18. Amazon issued four tranches of sterling bonds for the first time, and it is reported that it has received more than 11.65 billion pounds of subscriptions.
19. The victim’s information was leaked, and the South Korean government considered suing Google.
20. Motorola said its board of directors approved an expansion of its stock repurchase plan by US$2 billion. A[A quick overview of Apple’s 2026 autumn conference: Apple releases its first foldable screen iPhone Duo, priced from 15,999 yuan in China] On September 10th, Apple held its autumn conference at 1 a.m. Beijing time on Thursday to launch the iPhone 18 Pro series of mobile phones and its first foldable screen iPhone Duo. Here’s a quick look at the content:
1. Apple releases its first foldable screen flagship phone, iPhone Duo. When unfolded, the iPhone Duo is the thinnest iPhone in history and will be equipped with dual cameras. When unfolded, iPhone Duo features a 7.6-inch Super Retina XDR display, which is 50% larger than the iPhone 18 Pro Max. iPhone Duo will support Apple Pencil. The global version of iPhone Duo only supports eSIM.
2. The starting price of Apple iPhone Duo is US$1,999; the starting price in China is 15,999 yuan, and four storage versions are available: 256GB for 15,999 yuan, 512GB for 17,999 yuan, 1TB for 21,499 yuan, and 2TB for 26,499 yuan. The new product will be available for pre-order at 8pm on October 16th and will be officially released on October 23rd.
3. Apple launches iPhone 18 Pro and iPhone 18 Pro Max. The iPhone 18 Pro starts at $1,199 and the iPhone 18 Pro Max starts at $1,299; orders will begin on September 12 and shipping will begin on September 18.
4. Apple releases the A20 Pro chip based on 2nm process technology. The A20 Pro chip will use a six-core CPU, including two "desktop-level" ultra-large cores and four energy-efficiency cores; it will be equipped with seven GPU cores. The A20 chip will be equipped with two neural engines with a total of 32 cores to improve end-side artificial intelligence performance.
5. Apple released AirPods 5, priced starting at US$129, with new open-type active noise reduction; Apple released Apple Watch Series 12 and Apple Watch Ultra 4, starting at US$399 and US$799 respectively.
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