The U.S. August ISM Manufacturing Index will be released tonight. On Tuesday, the overall European and American stock markets were stable, with pre-market tech stocks in the U.S. fluctuating. Oil prices edged down slightly, the U.S. dollar held steady, Bitcoin rose by over 2%, and spot gold once again surpassed the $2500 mark.
Wall Street expects the August ISM Manufacturing Index to rise from 46.8 last month to 47.5, although it is still in contraction territory for the fifth consecutive month.
The improvement in manufacturing sentiment is expected to further solidify the market's expectation of a slight rate cut by the Federal Reserve in September. The CME Group's FedWatch tool shows a 69% probability of a 25 basis point rate cut in September, with only a 31% probability of a 50 basis point cut.
The following are the trends in the major European and American markets on Tuesday:
<ul>
<li>U.S. stock index futures were mixed, with Nasdaq futures up 0.06%;</li>
<li>Pre-market in the U.S., tech stocks were mixed, with NVIDIA down 0.5%, TSMC down 0.7%, and Tesla up 0.6%;</li>
<li>Most European stocks rose, with the STOXX 600 index edging up 0.02%;</li>
<li>Oil prices edged down slightly, the U.S. dollar held steady, and Bitcoin rose by over 2%;</li>
<li>Spot gold once again surpassed the $2500 mark.</li>
</ul>
[The following market updates are as of 16:00]
U.S. stock index futures were mixed, with S&amp;P futures up 0.04%, Nasdaq futures up 0.06%, and Dow futures down 0.14%.
Pre-market in the U.S., tech stocks were mixed, with NVIDIA down 0.5%, TSMC down 0.7%, Tesla up 0.6%, Apple up 0.05%, and Super Micro Computer up 0.35%. Among popular Chinese concept stocks, Alibaba fell by over 1%, while XPeng rose by over 2%.
Most European stocks rose, with the STOXX 600 index edging up 0.02%, Germany's DAX 30 index up 0.2%, France's CAC 40 index up 0.18%, and the UK's FTSE 100 index down 0.02%.
The U.S. dollar index held steady.
Spot gold edged up, once again surpassing the $2500 mark
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/862eb26b-a6e6-49ee-93f5-cd1e4f1ad75f.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/862eb26b-a6e6-49ee-93f5-cd1e4f1ad75f.png"/>
U.S. Treasury bonds edged up slightly. <img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/14ab0efd-96ce-4a60-81d0-27dc31817838.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/14ab0efd-96ce-4a60-81d0-27dc31817838.png"/>
Bitcoin rose more than 2%, trading at $59,118.3.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/4af096e0-26d5-4e42-94ed-6274936f77bb.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/4af096e0-26d5-4e42-94ed-6274936f77bb.png"/>
Oil prices edged down slightly, with Brent crude falling by 0.7% to $76.97 per barrel.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/384a4026-db11-483d-9a27-c9618da2d230.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/384a4026-db11-483d-9a27-c9618da2d230.png"/>
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Tech stocks in the US stock market are mixed in pre-market trading, with NVIDIA down 0.5%, TSMC down 0.7%, Tesla up 0.6%, Apple slightly up 0.05%, and Super Micro Computer up 0.35%. Among popular Chinese concept stocks, Alibaba dropped more than 1%, while XPeng rose more than 2%

- The U.S. August ISM Manufacturing Index was released tonight, with European and American stock markets mostly flat on Tuesday. Tech stocks in pre-market trading showed mixed movements, while oil prices slightly declined, the dollar remained stable, and Bitcoin rose over 2%, with spot gold once again surpassing the $2500 mark.
- Wall Street anticipates the August ISM Manufacturing Index to rise from 46.8 to 47.5, marking the fifth consecutive month of contraction despite some recovery. The improvement in manufacturing sentiment is expected to further solidify expectations of a minor rate cut by the Federal Reserve in September.
- Major European and American markets showed varied trends on Tuesday, with most U.S. stock index futures fluctuating, European stocks mostly rising, and slight movements in oil prices, the dollar, gold, and Bitcoin.

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Awaiting the ISM Manufacturing Index! European and American stock markets hold steady, pre-market technology stocks in the US fluctuate, and Bitcoin rises more than 2%