<p>On Thursday, January 18th, the market sentiment improved, with most US stock index futures rising and popular Chinese concept stocks surging before the market opened. Large-cap tech stocks also saw a general rise.</p>
<p>During a speech on the economic outlook, Raphael Bostic, the 2024 FOMC voting member and President of the Atlanta Fed, had a &#34;ambiguous attitude.&#34; On one hand, he mentioned that US inflation seems to be on track to fall back to 2%, but on the other hand, he pointed out that if the effectiveness of curbing inflation slows down, interest rates may need to be maintained at a higher level for a longer period of time.</p>
<h2>Most US stock index futures rise</h2>
<p>As of the time of writing, Dow Jones Industrial Average (DJIA) futures, which are mainly composed of blue-chip stocks, fell by 0.15%, S&amp;P 500 index futures rose by 0.46%, and Nasdaq futures, which are mainly composed of tech stocks, rose by 0.92%.</p>
<p><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/b2e1be17-d9dd-41b3-a29e-87895959553d.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/b2e1be17-d9dd-41b3-a29e-87895959553d.png"/></p>
<p>As of the time of writing, most popular Chinese concept stocks listed in the US rose before the market opened. Pinduoduo, BIDU-SW, iQiyi, XPeng, and Li Auto all rose by more than 1%, while Bilibili rose by more than 2% and NIO-SW rose by more than 5%.</p>
<p>Large-cap tech stocks saw a general rise before the market opened, with Apple, Tesla, and Amazon rising by more than 1%, Google rising by 0.82%, Meta rising by 0.79%, Netflix rising by 0.66%, and Microsoft rising by 0.88%.</p>
<p>Taiwan Semiconductor Manufacturing Company (TSMC) saw its pre-market gains expand to 6.2%, as its Q4 net profit and revenue both exceeded expectations. Driven by the significant rise of TSMC, AMD and other chip stocks also rose before the market opened.</p>
<h2>Most European stocks rise</h2>
<p>As of the time of writing, the German DAX index rose by 0.72%, the UK FTSE 100 index rose by 0.30%, the French CAC40 index rose by 0.99%, and the Euro Stoxx 50 index rose by 0.92%.</p>
<p><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/cdf04c91-f362-4d22-b181-d0a3d030af86.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/cdf04c91-f362-4d22-b181-d0a3d030af86.png"/></p>
<h2>Crude oil prices rise and then fall</h2>
<p>As of the time of writing, WTI crude oil rose by 0.11% to $72.56 per barrel, while Brent crude oil rose by 0.64% to $78.38 per barrel.</p>
<p>In its first monthly oil market report of the year, the International Energy Agency (IEA) stated that with the increase in production outside of OPEC+, the global oil market may maintain a &#34;fairly sufficient supply&#34; this year, unless there are major disruptions. This is in complete contrast to the supply tightness predicted by OPEC the day before.
(Continuously updated....)</p>

89888

BIDU

XPEV

09866

09888

09868

<p>Popular Chinese concept stocks surged before the market opened, with PDD, BIDU-SW, iQIYI, XPeng, and Li Xiang Automotive all rising more than 1%. Bilibili rose more than 2%, while NIO rose more than 5%.</p>

Wallstreetcn

BIDU-SWR

Baidu

XPeng

NIO-SW

NIO Inc. USD OV

BIDU-SW

XPENG-W

Invesco Golden Dragon China

US stock index futures mostly rise, Chinese concept stocks surge before the market, European stocks rise across the board