On Wednesday, July 3rd, boosted by Powell's overnight speech boosting rate cut expectations, the European and American stock markets collectively rose today.
The overnight S&amp;P 500 Index and NASDAQ 100 Index both hit new closing highs, showing a strong upward trend in the US stock market. Data shows that since the low point in October 2022, the market value of the S&amp;P 500 has cumulatively increased by $16 trillion.
On the eve of the non-farm payroll report on Friday, there are two employment data points worth noting tonight.
At 20:15, the US will release the June ADP employment report, known as &#34;small non-farm&#34;. Currently, economists expect the number of new jobs added in June by ADP to increase from 152,000 last month to 165,000.
At 20:30, the US Department of Labor will release the number of initial jobless claims for the previous week. Economists predict that for the week ending June 29th, the number of initial jobless claims may slightly increase from 233,000 the previous week to 235,000, which may indicate a slight cooling in the job market.
Due to the US Independence Day, the US stock market will close early at 01:00 on July 4th Beijing time.
<h2>US Stock Index Futures Slightly Up, Popular Chinese Stocks Generally Up</h2>
Dow futures up 0.08%, S&amp;P 500 futures up 0.01%, NASDAQ 100 futures up 0.03%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/860585e5-49b7-4444-b0bb-622fd15671b0.png/query-aW1hZ2VWaWV3Mi8yL3cvNjQw?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/860585e5-49b7-4444-b0bb-622fd15671b0.png/query-aW1hZ2VWaWV3Mi8yL3cvNjQw"/>
Tech stocks varied, with Tesla continuing its upward trend, up over 3%, while Nvidia fell over 1%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/0999572a-d408-49c5-8c37-21f9caf55116.png/query-aW1hZ2VWaWV3Mi8yL3cvNjQw?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/0999572a-d408-49c5-8c37-21f9caf55116.png/query-aW1hZ2VWaWV3Mi8yL3cvNjQw"/>
Popular Chinese stocks generally rose. Li Auto up over 2%, Baidu, JD.com, Ctrip, Nio, XPeng, Bilibili all up over 1%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/f61e5fa5-5c2f-4945-a1fd-bd8155d01bbf.png/query-aW1hZ2VWaWV3Mi8yL3cvNjQw?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/f61e5fa5-5c2f-4945-a1fd-bd8155d01bbf.png/query-aW1hZ2VWaWV3Mi8yL3cvNjQw"/>
<h2>European Stocks Rise Together, French Stocks Stop Falling</h2>
Boosted by energy and tech stocks, most European stock sectors rose.
Euro Stoxx 50 Index up 0.81%, Germany's DAX30 Index up 0.61%, UK's FTSE 100 Index up 0.44%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/20b60f7e-f47a-4812-87e1-2582f12b7f43.png/query-aW1hZ2VWaWV3Mi8yL3cvNjQw?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/20b60f7e-f47a-4812-87e1-2582f12b7f43.png/query-aW1hZ2VWaWV3Mi8yL3cvNjQw"/>
The French CAC40 index is rising again, up 0.87%.
On the news front, it is reported that at least 200 candidates from French President Macron's centrist ruling coalition and the left-wing New People's Front will withdraw from the National Assembly election runoff to jointly prevent the far-right &#34;National Rally&#34; from taking power.
<h2>USD and US Treasury Bonds Stable</h2>
The US dollar continues to fluctuate today, down 0.09% to 105.61.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/8a333103-bde2-47be-ad15-e864c4a932fe.png/query-aW1hZ2VWaWV3Mi8yL3cvNjQw?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/8a333103-bde2-47be-ad15-e864c4a932fe.png/query-aW1hZ2VWaWV3Mi8yL3cvNjQw"/>
The yield on 10-year US Treasury bonds rose slightly in the afternoon, now at 4.439%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/f216026b-75ef-43c8-89d2-02e291993539.png/query-aW1hZ2VWaWV3Mi8yL3cvNjQw?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/f216026b-75ef-43c8-89d2-02e291993539.png/query-aW1hZ2VWaWV3Mi8yL3cvNjQw"/>
<h2>Oil Prices Stable at High Levels, Gold Fluctuates Higher</h2>
Oil prices have climbed to near two-month highs.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/1b43b20c-9439-4972-8852-06802389d677.png/query-aW1hZ2VWaWV3Mi8yL3cvNjQw?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/1b43b20c-9439-4972-8852-06802389d677.png/query-aW1hZ2VWaWV3Mi8yL3cvNjQw"/>
Gold rose over $14 intraday, trading at $2344.28 per ounce.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/488c6eb8-94b8-4e96-a099-a17329f4ddd1.png/query-aW1hZ2VWaWV3Mi8yL3cvNjQw?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/488c6eb8-94b8-4e96-a099-a17329f4ddd1.png/query-aW1hZ2VWaWV3Mi8yL3cvNjQw"/>

TSLL

TSLA

.DJI

.SPX

.IXIC

The pre-market trading of the three major US stock index futures rose together, with Tesla up more than 3%, and European stocks opened higher. The three major US stock index futures rose slightly, with popular Chinese concept stocks generally up. Most sectors of European stocks rose, with the French CAC40 index up about 0.8%. The US dollar and US bonds were relatively stable, while oil prices climbed to near a two-month high

- On Wednesday, July 3rd, boosted by Powell's remarks hinting at rate cuts, the European and American stock markets collectively rose. The S&P 500 and Nasdaq 100 hit record highs, with the S&P 500's market value increasing by $16 trillion since its low in October 2022. Ahead of the non-farm payroll release on Friday, attention is on two job reports tonight, including the June ADP employment report and the weekly US jobless claims data.
- The US stock market will close early at 01:00 on July 4th due to Independence Day. Major Chinese stocks rose, with Dow futures up by 0.08%, S&P 500 futures up by 0.01%, and Nasdaq 100 futures up by 0.03%. Tech stocks like Tesla surged over 3%, while Nvidia fell over 1%. European stocks mostly rose, led by energy and tech sectors, with the Euro Stoxx 50 up by 0.81% and the French CAC40 up by 0.87%.
- In France, President Macron's centrist ruling coalition and the left-wing New People's Front will reportedly withdraw over 200 candidates from the National Assembly elections to prevent the far-right "National Rally" from gaining power. The US dollar remained volatile, dropping by 0.09% to 105.61, while 10-year US Treasury yields slightly rose to 4.439%. Oil prices stayed high, and gold surged over $14 to $2344.28 per ounce.

Wallstreetcn

Direxion Daily TSLA Bull 2X Shares

Tesla

Dow Jones Industrial Average

S&P 500

NASDAQ Composite Index

The three major US stock index futures rose before the market opened, with Tesla up more than 3%, and European stocks opened higher and continued to rise