Odaily Planet Daily report: Before the U.S. stock market opens, investors should pay close attention to the following key financial news:
1. The three major U.S. stock index futures showed mixed movements. The Dow Jones Index futures rose 0.25%, the S&P 500 Index futures increased 0.16%, and the Nasdaq 100 Index futures declined 0.56%.
2. International oil prices rose collectively. WTI crude oil futures increased by 1.48% to $76.332 per barrel; Brent crude oil futures rose by 1.62% to $80.739 per barrel.
3. International spot gold and silver prices moved in opposite directions. Spot gold rose 0.56% to $4,270.51 per ounce; spot silver fell 0.56% to $61.67 per ounce.
4. The three major European stock indices rose modestly. The UK FTSE 100 increased by 0.17%, the French CAC 40 rose by 0.69%, and the German DAX 30 gained 0.21%.
5. U.S. memory stocks plunged in pre-market trading. SanDisk fell 10% after guiding next fiscal quarter revenue between $10.3 billion and $10.8 billion, below market expectations. Western Digital dropped 15%, SK Hynix slid nearly 7%, and Micron Technology declined over 4%.
6. SanDisk announced on its earnings call that it has entered into long-term NBM agreements with eight customers in the data center and edge markets, with remaining performance obligations of $91.1 billion. NBM agreement shipments are expected to account for more than 50% of total shipments in fiscal year 2027.
7. TSMC is reportedly ramping up 2nm production capacity to meet demand for Apple’s A20 Pro processor, but has accumulated $1 billion worth of processors awaiting DRAM shipments to complete final packaging due to DRAM shortages.
8. Musk stated that one of the biggest bottlenecks in the AI boom is memory. While memory supply grows by about 20% annually, demand is increasing at a rate of 200% or higher, creating a severe supply-demand imbalance.
9. Google's parent company, Alphabet, launched a $10 billion investment-grade bond offering with maturities ranging from 2 to 40 years, raising up to $25 billion.
10. The Democratic Republic of the Congo has banned the export of copper concentrate and cobalt concentrate. As a result, LME copper futures rose 0.63% to $14,238.0 per ton; COMEX copper futures rose 0.92% to 6.7895 cents per pound.
11. According to informed sources, if upcoming inflation data over the next few weeks comes in hotter than expected and the market further raises its expectations for rate hikes, Fed Chair Walsh is prepared to raise rates.