Pre-market in the US stock market, the market is relatively stable, waiting for important US inflation data while focusing on the situation in the Middle East. According to CCTV reports, Iran may launch a major attack on Israel this week.
Pre-market, the futures of the three major US stock indexes are slightly up, with most chip and technology stocks rising, Chinese concept stocks showing mixed performance, and Beike falling more than 2% after its performance. European stocks opened higher but turned lower, with the CAC 40 Index in France and the FTSE 100 Index in the UK already in decline.
At 8:30 pm Beijing time tonight, the US July PPI data will be released, and Tencent Music, Home Depot, Sea Ltd., and others will report earnings before the market opens.
<h2>US stock index futures slightly up, NVIDIA up 1.7%</h2>
Pre-market, the futures of the three major US stock indexes are up, with Nasdaq 100 Index futures up 0.63%, Dow Jones futures up 0.22%, and S&amp;P 500 Index futures up 0.42%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/6c0bcfc8-e0c0-453c-b86a-c90dcbdb2661.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/6c0bcfc8-e0c0-453c-b86a-c90dcbdb2661.png"/>
Pre-market, technology stocks in the US stock market are relatively stable, with most semiconductor stocks rising, NVIDIA up 1.7%, and ASML up over 1%. Previously, NVIDIA's President and CEO Jensen Huang cashed out $24.9 million by selling 240,000 shares of the company's stock on August 8-9.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/fe8b465f-d1a8-4975-9656-dd23d1563e1c.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/fe8b465f-d1a8-4975-9656-dd23d1563e1c.png"/>
Popular Chinese concept stocks show mixed performance, with Beike falling nearly 2% after its performance. Its Q2 net income increased by 19.9% year-on-year, reaching 1.9 billion yuan, while net profit reached 1.9 billion yuan. New home net income decreased from 8.7 billion yuan to 7.9 billion yuan, an 8.8% decline. Bilibili and Tencent Music rose by over 2%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/6d9e694c-4acc-4c6c-bb35-41ab38161073.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/6d9e694c-4acc-4c6c-bb35-41ab38161073.png"/>
<h2>European stocks open higher but turn lower, Sanofi up over 1%, LVMH down over 1%</h2>
European stocks opened higher today, with the Euro Stoxx 50 Index up 0.5%, the German DAX Index up 0.5%, the FTSE 100 Index up 0.3%, and the CAC 40 Index up 0.4%.
Subsequently, European stocks turned lower, with the CAC 40 Index in France and the FTSE 100 Index in the UK already in decline.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/bbc6c4da-e121-4d1d-bab2-3752f180f090.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/bbc6c4da-e121-4d1d-bab2-3752f180f090.png"/>
European stocks showed mixed performance, with Sanofi up over 1% and LVMH down over 1%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/6a9fbeaf-5ba3-409c-9b24-d43bcbe593e3.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/6a9fbeaf-5ba3-409c-9b24-d43bcbe593e3.png"/>
<h2>IEA Monthly Report Released, Brent Crude Oil, WTI Crude Oil Slightly Down</h2>
Today's IEA monthly report is out. IEA stated that due to the increase in crude oil production in Saudi Arabia and Iraq, OPEC's daily crude oil production in July increased by 250,000 barrels compared to the previous month, reaching 27.34 million barrels. Among them, Saudi Arabia's daily production increased by 140,000 barrels to 9.01 million barrels; Iraq's daily production increased by 80,000 barrels to 4.36 million barrels, exceeding the implied quota of OPEC+.
Brent crude oil fell slightly by 0.39% in pre-market trading, while WTI crude oil dropped by 0.36%. Other major commodities also experienced a general decline, with spot silver falling by 0.93% and spot gold falling by 0.51%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/7657ef40-8723-4fd7-ae4d-bcd677f05be2.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/7657ef40-8723-4fd7-ae4d-bcd677f05be2.png"/>

NVDA

SOXL

NVDL

The market is eagerly awaiting important inflation data from the United States. In pre-market trading, most chip and technology stocks in the US rose, while Beike's performance fell more than 2% after the earnings report. European stocks opened higher but turned lower, with several indices reversing. After the release of the IEA monthly report, Brent crude and WTI crude oil fell slightly

- Pre-market trading in the US shows minor fluctuations as investors await crucial inflation data and monitor the Middle East situation, with reports suggesting a potential significant Iranian attack on Israel.
- US tech stocks see modest pre-market movements, with chip and tech stocks mostly rising; however, Chinese stocks show mixed performance, with Beike falling over 2% post-earnings. European markets open higher but turn lower, with CAC40 and FTSE 100 indices reversing gains.
- Tonight at 20:30 Beijing time, the US will release July PPI data, alongside pre-market earnings reports from Tencent Music, Home Depot, Sea Ltd. US tech futures edge up slightly, with Nvidia rising by 1.7%, while Nasdaq 100, Dow, and S&P 500 futures also show gains.

Wallstreetcn

NVIDIA

Direxion Semicon Bull 3X

GraniteShares 2x Long NVDA Daily ETF

VanEck Semiconductor ETF

Pre-market trading in the US sees futures of the three major indices rising, with NVIDIA up 1.7%, while European stocks open higher but trend lower afterwards