---
title: "Global headlines you need to know before Wednesday's US stock market opens"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/216991577.md"
description: "Before the US stock market opens on Wednesday, the Ministry of State Security accused a certain overseas company of illegally surveying, and Li Jiachao announced that Hong Kong will build an international gold trading market. US mortgage rates rose to the highest level since August, reducing home buying and refinancing activities. UK's September CPI increased by 1.7% year-on-year, the lowest since 2021. The Bank of Japan maintains loose monetary policy. Morgan Stanley rose more than 3% before the US stock market opened, while Novavax fell more than 30%. Chinese concept stocks rebounded, oil prices stabilized, and gold approached historical highs. The Nikkei 225 index fell by 1.8%"
datetime: "2024-10-16T12:31:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/216991577.md)
  - [en](https://longbridge.com/en/news/216991577.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/216991577.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/216991577.md) | [繁體中文](https://longbridge.com/zh-HK/news/216991577.md)


# Global headlines you need to know before Wednesday's US stock market opens

The Ministry of State Security: A certain overseas company is conducting illegal mapping activities under the guise of researching intelligent driving for cars. Edward Yau: Hong Kong will establish an international gold trading market and relax the maximum loan-to-value ratio for property mortgages. Mortgage rates in the United States have risen to the highest level since early August, leading to a significant decrease in home buying and refinancing activities. In September, the UK's CPI increased by 1.7% year-on-year, reaching the lowest level since 2021. Bank of Japan board member Masaki Ando: Will maintain an accommodative financial environment while raising interest rates. IEA: AI power consumption is nothing compared to the future "power-hungry" sector, which will require three times the power of data centers. Morgan Stanley's pre-market trading in US stocks rose by over 3%, with Q3 net revenue and earnings per share exceeding expectations. Novavax's pre-market trading in US stocks fell by over 30%, as the company announced that the US FDA has suspended its clinical application for a new coronavirus vaccine. Pre-market Chinese stocks rebounded, with ASML falling nearly 5%, Intel falling 3%, European and Asian stock markets trending lower, oil prices stabilizing, and gold approaching historical highs. The Nikkei 225 index fell by 1.8%, the Shanghai Composite Index rose by 0.05%, and the Hang Seng Index fell by 0.16%

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