U.S. Midterm Election Results May Allow Powell to Focus on Inflation

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U.S. midterm election results may ease political pressure on Fed Chair Powell, allowing him to focus on inflation data. Pre-market updates show mixed U.S. stock index futures, higher oil and precious metal prices, and rising European stocks. On-chain data remains a key tool for tracking market sentiment and capital flows.

Odaily Planet Daily report: Ahead of U.S. stock market trading, investors should pay close attention to the following key market and financial news:

1. The three major U.S. stock index futures showed divergent trends. The Dow Jones Index futures rose 0.73%, the S&P 500 Index futures increased 0.10%, and the Nasdaq 100 Index futures fell 0.88%.

2. International oil prices rose collectively. WTI crude oil futures increased 1.37% to $89.324 per barrel; Brent crude oil futures rose 2.15% to $96.659 per barrel.

3. International spot gold and silver prices both rose. Spot gold increased by 1.47% to $4,119.64 per ounce; spot silver rose by 0.67% to $52.55 per ounce.

4. All three major European stock indices rose. The UK FTSE 100 increased by 0.77%, the French CAC 40 rose by 0.96%, and the German DAX 30 gained 0.65%.

5. Apple plans to reduce its internal AI usage budget, lowering the daily spending cap for engineers using AI models from $300 to $200 to control costs.

6. Microsoft failed to reach a potential new multibillion-dollar agreement with UK AI startup Nscale. Microsoft declined to more than double the scale of its existing data center computing power lease contract.

7. Goldman Sachs noted that the outcome of this U.S. midterm election may accelerate corporate capital spending by technology firms through 2027, rather than dampen investment.

8. OpenAI has again confirmed that it will bear the full cost of power consumption for its data centers. For data centers owned and operated by OpenAI, local community input will be sought, and construction plans will be made public.

9. Light communications leader Lumentum will release its Q3 earnings after market close tonight. The market consensus expects revenue of $1.248 billion, representing approximately a 138% year-over-year increase; adjusted EPS of $4.19, up approximately 307% year-over-year.

10. The Republican Party's setbacks in the midterm elections may instead relieve political pressure on Federal Reserve Chair Powell, allowing him to reduce political interference and focus more energy on curbing inflation.

11. According to Challenger Gray & Christmas data, U.S. companies laid off 43,994 employees in October, a 71% year-over-year decline—the lowest October figure in three years.

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