Pre-market in the US stock market today, the European and American stock markets are relatively stable, showing a mild upward trend. The three major US stock indexes are slightly up, with Tesla continuing its pre-market rally. Microsoft and AMD are about to release their quarterly reports with little stock price fluctuation, while most popular Chinese concept stocks are trending lower.
Most major European stock indexes opened higher. Today, GDP data for France and Germany were released, with France's second-quarter GDP exceeding expectations both year-on-year and quarter-on-quarter, while Germany's GDP unexpectedly declined.
Pre-market in the US stock market, Procter &amp; Gamble, Merck Pharmaceuticals, Pfizer, and others will release earnings reports; after market close, Microsoft, AMD, and others will release earnings reports.
<h2>The three major US stock indexes are slightly up, with Tesla up over 1% and CrowdStrike down over 5%, while most popular Chinese concept stocks are trending lower</h2>
Currently, Dow futures are up 0.07%, S&amp;P 500 futures are up 0.15%, and Nasdaq 100 futures are up 0.1%.
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Among popular tech stocks, Amazon, Apple, TSMC, and others are slightly up. Continuing its rally from yesterday, Tesla is up 1.5% pre-market. Previously, Morgan Stanley designated Tesla as its top auto stock, replacing Ford, and expects the stock price to rise by another 40%.
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Most popular Chinese concept stocks are trending lower, with XPeng down over 2%, Li Auto down nearly 2%, and JD.com, New Oriental down over 1%.
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CrowdStrike is down 5.16% pre-market, trading at $245.46. In terms of news, Delta Air Lines is reportedly hiring prominent lawyer David Boies to seek compensation from CrowdStrike and Microsoft for the recent large-scale network outage.
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<h2>Most European stocks opened higher, with most of the &#34;Eleven Arhats&#34; trending lower and AstraZeneca down over 2%</h2>
Today, France's second-quarter GDP exceeded expectations both year-on-year and quarter-on-quarter, while Germany's GDP unexpectedly declined. Germany released its preliminary second-quarter GDP data, showing an unexpected economic contraction, with seasonally adjusted GDP quarter-on-quarter at -0.1%, below expectations of 0.1% and lower than the previous value of 0.2%.
France's National Institute of Statistics and Economic Studies (INSEE) released its preliminary second-quarter GDP data, showing economic growth surpassing expectations. The data indicates that France's second-quarter GDP quarter-on-quarter is 0.3%, higher than the expected and previous value of 0.2%, and on par with the adjusted 0.3% from the first quarter. France's second-quarter GDP year-on-year is 1.1%, higher than the expected 0.7% and lower than the previous value of 1.3%
Most European stocks opened higher, with the Euro Stoxx 50 index up 0.39%, the German DAX30 index up 0.20%, the French CAC40 index up 0.28%, and the UK FTSE 100 index down 0.27%.
As of now, the UK FTSE 100 index has widened its decline to nearly 0.6%.
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Most of the &#34;Eleven Arhats&#34; in European stocks fell, with AstraZeneca down over 2%, SAP down over 1%, ASML up over 2%, and Novo Nordisk up 1.7%.
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<h2>Crude Oil and Spot Gold Relatively Stable</h2>
In other asset classes, crude oil and spot gold remained relatively stable. New York silver rose 0.7%.
Yesterday, WTI September crude oil futures closed down $1.35, or 1.75%, at $75.81 per barrel, falling below the 200-day moving average. Brent September crude oil futures closed down $1.35, or 1.66%, at $79.78 per barrel.
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The US dollar index edged up slightly, with the US dollar rising 0.4% against the Japanese yen.
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Currently, Wall Street is gearing up for a busy corporate earnings week, with heavyweight companies like Microsoft, Meta, Apple, and Amazon, which account for 40% of the market value of the S&amp;P 500 index, set to announce quarterly results this week. Whether tech stocks can recover from last week's decline is crucial.
The Federal Reserve interest rate policy meeting is about to begin, with investors fully expecting the Fed to cut interest rates by at least 25 basis points twice this year

PYPL

The market is quiet as it awaits the dense financial reports of large tech stocks and the Federal Reserve's decision on Wednesday. In pre-market trading, Tesla rose more than 1%, while CrowdStrike fell more than 5%. Most popular Chinese concept stocks are trading lower

- US stock market pre-market: showing mild upward trend with slight gains in major indices. Tesla continues to rise, Microsoft and AMD earnings upcoming with stable stock prices, while many popular Chinese stocks decline.
- European stocks mostly open higher. France's Q2 GDP exceeds expectations, Germany's unexpectedly declines. US pre-market: Procter & Gamble, Merck, Pfizer to report earnings; post-market: Microsoft, AMD to report.
- Tech stocks like Amazon, Apple, TSMC slightly rise. Tesla up 1.5% pre-market, predicted to rise further. CrowdStrike down 5%, Chinese EV stocks drop, and Delta Airlines seeks compensation from CrowdStrike and Microsoft for cyberattack.

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The three major US stock index futures rose slightly, with Tesla rising more than 1% in pre-market trading. French and German GDP data released, with most European stocks opening higher