Huo Xing Finance News, September 2: Pre-market highlights in U.S. equities: 1. U.S. major stock index futures rose briefly, largely recovering previous losses. The Dow Jones Industrial Average futures rose 0.24%, the S&P 500 futures rose 0.09%, and the Nasdaq 100 futures fell 0.06%. 2. The declines in Europe’s three major stock indices narrowed. The FTSE 100 fell 0.29%, the CAC 40 fell 0.08%, and the DAX 30 fell 0.41%. 3. International oil prices turned from gains to losses. WTI crude oil futures fell 0.71% to $89.580 per barrel; Brent crude oil futures fell 0.47% to $94.203 per barrel. 4. International gold and silver spot prices turned from declines to gains. Spot gold rose 0.16% to $4,335.17 per ounce; spot silver rose 0.62% to $64.46 per ounce. 5. U.S. ADP employment data for August showed an increase of 38,000 jobs, the smallest gain since January and below the market expectation of 48,000, compared to a prior revision of 44,000. 6. Twenty-one major international banks, including Goldman Sachs, Bank of America, and Citigroup, announced plans to launch stablecoins in the first half of next year. 7. Honda is reportedly asking suppliers to significantly cut prices, aiming to reduce costs by over $9 billion over the next four years. 8. Uber will cut approximately 3,300 positions, representing 10% of its global workforce, as part of a business restructuring to streamline management layers. 9. Vahdat, head of Google’s AI infrastructure, stated that Google is accelerating the development and iteration of its custom AI chip, TPU, reducing the chip update cycle from every two years to two new models per year to maintain a leading position in the AI race. 10. SK Group Chairman Choi Tae-won said the company is considering a joint production arrangement between SK Hynix and Japanese semiconductor giant Kioxia Holdings, calling the collaboration “one option.” He also revealed that SK Group is exploring the possibility of building a factory in Japan. 11. At the G20 Ministerial Meeting on Innovation held in Chapel Hill, North Carolina, Musk estimated that within the next decade, the number of humanoid robots will exceed one billion, with each robot producing at least five times the output of a human worker—exceeding the combined productivity of all humans globally. 12. NASA announced it has awarded a contract to Blue Origin to develop a Mars communication network, providing reliable high-bandwidth communication and navigation services for its Mars missions. The contract value could reach up to $700 million. 13. World Labs, the startup founded by Fei-Fei Li, unveiled “the world’s first multimodal world model,” Atlas, claiming it can generate images and video frames with pixel-level precise camera control and reconstruct them in 3D. (Reported by KeGuBao)
MarsBit Reports Key Pre-Market U.S. Stock Market Updates for September 2
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Summary
The Fear and Greed Index fell below 40 as pre-market U.S. stock futures edged higher on September 2. European indices narrowed their losses, while oil prices declined and gold and silver rose. U.S. ADP employment data showed a weak gain of 38,000 jobs. Twenty-one major banks plan to launch stablecoins by 2027. Honda is demanding price cuts from suppliers, Uber is cutting 3,300 jobs, and Google is accelerating TPU chip development. SK Group is exploring joint production with Kioxia. Musk forecasts over 10 billion humanoid robots within a decade. NASA awarded Blue Origin a $700 million Mars contract. World Labs unveiled a new multimodal model called Atlas.
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