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2024.01.03 10:18
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Pre-market US stocks | NTES-S, Ideal rise! NVIDIA, Tesla fall! Market awaits tonight's Fed minutes

As we kick off 2024, the global market's first focal point is the release of the final minutes of the Federal Reserve's meeting in 2023! Market expectations are that the Fed will pour cold water on the "rate cut frenzy" in the US stock market, causing Pro Vix Mid Fut to skyrocket ahead of time!

Top News in US Stocks

  1. The minutes of the Federal Reserve's December monetary policy meeting are scheduled to be released at 2:00 p.m. Eastern Time on Wednesday (3:00 a.m. Beijing Time on Thursday).

Most analysts believe that the minutes of the December meeting are likely to dampen investors' expectations. The Federal Reserve does not want its efforts to curb inflation to be undermined by a rapid decline in long-term interest rates.

  1. An article on the front page of the Study Times pointed out that the platform economy is an important part of China's digital economy and a crucial carrier for the operation of the Chinese economy and social development. The significance of regulating and promoting the healthy and sustainable development of the platform economy has surpassed the industry itself, and it plays an important role in improving resource allocation efficiency, promoting collaborative innovation, and facilitating industrial upgrading.

The purpose of government regulation of the platform economy is to guide its healthy and orderly development and create a favorable environment for the market to play a decisive role in resource allocation. Regulatory actions and policy adjustments should fully listen to the opinions of all parties, especially the opinions of administrative counterparts, to avoid affecting or interrupting the normal business activities of platform enterprises and prevent unexpected risks caused by policy overlaps.

  1. The China Association of Automobile Manufacturers estimates that Tesla's wholesale sales in China in December 2023 will reach 94,139 vehicles.

  2. XIAOMI-W pre-sale price announced? XIAOMI-W denies it!

Wang Hua, General Manager of the Public Relations Department of XIAOMI-W, stated on Weibo, "This cannot be a picture made by our Mi fans. Not only is the font incorrect, but there is also no rice logo. It is a screenshot directly overlaid with the letter 'P', which is done quite hastily. Of course, this also shows that everyone is very concerned about the price of XIAOMI-W cars. Don't worry, those who are willing to buy a car, please wait a little longer. I will definitely disclose the information on time!"

  1. According to media reports, ASML, the Dutch giant in the lithography machine industry, recently announced that the export licenses for two models of DUV (Deep Ultraviolet) lithography machines approved for 2023 have been suddenly revoked. However, most of the backlog orders for pre-purchased DUV lithography machines from customers in mainland China have already been delivered.

  2. Baidu plans to donate its quantum laboratory, transferable quantum experimental equipment, and other items to the Beijing Institute of Quantum Information Science. The two parties are currently working on the specific details.

  3. Industry insiders say that Airbus is expected to deliver around 730 aircraft in 2023, surpassing its target of 720 deliveries. According to several individuals familiar with the data, Airbus' total orders and net orders have also broken industry records.

Pre-market Movement

In pre-market trading, futures for the three major stock indices in the US are down, and the fear index has surged.

Among US tech stocks, NVIDIA and AMD are down more than 1%, Tesla and Microsoft are down nearly 1%, while Apple, Amazon, and Meta are also down. Chinese concept stocks have mixed gains and losses, with NetEase up nearly 2%, Li Xiang up 1%, Pinduoduo down 1%, Alibaba, JD.com, NIO, and Baidu all down, while Xiaopeng Motors slightly up.

In terms of individual stocks, Voyager Therapeutics rose more than 8% in pre-market trading, collaborating with Novartis on gene therapy.

Strategy Review

  1. "Apple short-selling data surges!"

  2. "Understanding the market | Why are US tech stocks facing a sell-off at the beginning of the year?"

  3. "Hot trading themes for US stocks in 2024: AI and weight loss drugs driving the market"

  4. "Understanding the market | Can US tech stocks rise another 25% this year?"

  5. "Understanding the market | Why are global tech stocks experiencing a "black opening"?"

  6. "On the first day of the year, US stocks and bonds both plummeted, signaling a turning point?"