SMM: us stock index futures were mixed before Friday trading, although the market risk sentiment has picked up somewhat, but the overall pressure is still under pressure because of the severe situation of the global COVID-19 epidemic and the uncertainty of a new round of fiscal stimulus in the United States. Meanwhile, US President Donald Trump will announce an important decision "right away".
As of press time, Dow futures are down 0.4%, the S & P 500 is down 0.3%, and Nasdaq futures are up 0.2%.
Major European stock indexes opened high and fell low, with German DAX30 index, UK FTSE 100index, French CAC40 index, Italian FTSE MIB index and European Stoxx 600index falling 1.6%, 0.6%, 1.7%, 1.5% and 1.0% respectively.
The dollar regained its upward momentum, rising as high as 94.56, while G10 currencies such as the euro and sterling fell.
Spot gold also gave up earlier gains, falling below the 1860 mark, as low as $1859.25, and falling as much as $15 on the day.
On Thursday, Federal Reserve Chairman Colin Powell reiterated his conclusion that "additional fiscal support measures are likely to be needed," and in a testimonial speech to Congress, he reiterated that he would keep interest rates low until the labor market fully recovers or inflation rises to 2%, prompting expectations of more easing.
With regard to the Fed's existing tools, Powell said that the Fed will eventually shrink its balance sheet, but will not do so in the near future, and he does not agree with the view that "the Fed has bought bad loans." So far, the Fed has bought very little non-investment grade bonds.
House Democratic officials said House Democrats had begun drafting a stimulus bill worth about $2.4 trillion for possible negotiations with Republicans in the White House and Senate.
Calls for more fiscal action by policymakers this week appear to be gaining momentum. In early August, formal negotiations between the leaders of the two parties broke down and an agreement could not be reached.
But House Speaker Pelosi, a Democrat, and Finance Secretary Nuchin all said they were eager to return to the negotiating table. "the question is whether the willingness of the two sides to publicly express their willingness to engage in dialogue will translate into actual dialogue," Deutsche Bank (Deutsche Bank) analysts wrote in a report on Friday.
Analysts pointed out that the $2.2 trillion bailout package "far exceeds the amount that Senate Republicans say they are willing to accept, but is closer to the $1.5 trillion plan supported by the president."
The state of the economic recovery has become a hot topic on Wall Street in recent weeks, especially after the death of Supreme Court Justice Ginsburg (Ruth Bader Ginsburg), as many strategists downgraded the possibility of a new bailout plan before the election.
Jasper Lawler, head of research at (LCG), a London-based capital group, recently wrote that there are still five weeks to go before the general election, and there is no doubt that political uncertainty has played a role in this week's safe-haven market environment.
One particular reason for this is that economists' forecasts for economic recovery by the end of the year are based on a second stimulus package in the US-but politicians are unable to reach an agreement.
In terms of the epidemic, the cumulative number of confirmed cases of COVID-19 in the United States exceeded 6.97 million, and the number of deaths exceeded 200000. Since mid-September, the number of confirmed cases and deaths of COVID-19 in the United States has increased again in a single day. Experts predict that with the resumption of school season and influenza season approaching, the situation of epidemic prevention and control in the United States will become more serious.
Us President Donald Trump announced an important decision "right away".
Who the president chooses as his candidate for the Supreme Court could affect the reaction of Democrats, how the fight will prolong, and distract attention from the need for further government support.
Republicans plan to vote on October 29th, four days before the election, but so far only two Republicans have opposed voting before the election. The most popular seems to be Judge Amy Connie Barrett.
Notably, US President Donald Trump has said that he will publicly replace the late Justice Ruth Bader Ginsburg on Saturday, which will be a key to the bipartisan struggle in the United States and bring more uncertainty to the market.
The dollar has been rising this week in response to the market trend of, Jasper Lawler 100, which has made the main data released today the focus of attention, that is, durable goods orders in August. The growth rate of durable goods orders is expected to slow sharply from 11.4 per cent to 1.5 per cent, while durable goods orders excluding transportation are expected to fall from 2.6 per cent to 1.2 per cent.
The cruise sector rose ahead of the day, with Norwegian Cruise, Carnival Cruise and Royal Caribbean Cruise all up nearly 4%. Earlier, the Barclays research newspaper said that the turning point in the cruise industry was approaching and upgraded the above-mentioned shares to overweight.
Gold stocks rose before the session. Jintian was up 3.1% before trading, while Hamoni gold and AngloGold Ashanti were up 2%, and the Stillwater was up 1.5%.
Some European banks were lower before trading, with Barclays and Credit Suisse down 2.7% and HSBC Holdings down 2.45%.
Costco fell 2.54% before trading, and the company recorded high outbreaks related to the epidemic for the second consecutive quarter.
Novavax medicine rose more than 7% in front of the market, after announcing the launch of the third phase of health event vaccine research in the UK.
Head of Safety, European Aviation Safety Agency: technical approval for the Boeing 737 MAX is expected around November, and it may take longer to obtain operating permission from each airline.
VIA Optronics U.S. Stock IPO priced at $15 / ADS, will issue 6.25 million shares.
The US stock of CBAK Energy Technology rose nearly 100% before trading, and closed up more than 53% yesterday.
Solar power fell nearly 20% before trading, closed up 1236.52% on Wednesday, and rose more than 70% at one point in intraday trading yesterday.
Xiaopeng car rose 2% before trading, and UBS gave Xiaopeng a buy rating for the first time, with a target price of $25.
The financial sector rose 21.92% in pre-market trading and reported a 9.7% year-on-year increase in revenue and narrowed losses in the second quarter.
Zaiding Pharmaceutical fell 2.75% before trading; its Hong Kong shares will be listed on the Hong Kong Stock Exchange next Monday, up 1.33% in the dark market.
KeyBanc analysts raised Baidu's share price target to $177from $155and maintained its overweight rating.