Focusing on the financial reports of European and American GDP and technology stocks, the top three U.S. stock futures indexes fell, Ultramicro Computer fell by more than 15%, and European stocks rose

Source: Wall Street Insights

After six days of gains, the US stock market seems to have entered a correction. Under the influence of trade tensions, weak US economic data, and the earnings warning of Advanced Micro Devices (AMD), market uncertainty has intensified.

On Monday, the 30th, US stock index futures declined, European stocks opened higher, the euro rose slightly against the US dollar, US Treasuries remained stable, and spot gold fell by 0.9%.

This week, the US will release non-farm payrolls and inflation data, and technology giants such as Meta, Qualcomm, Apple, Microsoft, and Amazon will successively announce their earnings reports. This will provide investors with more information about the economic situation.

Before the opening of the US stock market, S&P 500 index futures fell by 0.4%. Nasdaq 100 index futures fell by 0.6%. AMD fell by more than 15%, and the company's earnings forecast was far below expectations. NVIDIA fell by about 2%, and Tesla fell by more than 1%.

The Euro Stoxx 50 index rose by 0.22%. The German DAX 30 index opened up by 0.24%. The UK's FTSE 100 index rose by 0.18%. The French CAC 40 index rose by 0.13%.

The Nikkei 225 index closed up by 0.6%, at 36,045.38 points. The Tokyo Stock Price Index closed up by 0.6%. The South Korean KOSPI index closed down by 0.3%.

The spot US dollar index changed little. After the release of France's CPI, the euro against the US dollar maintained its upward trend, rising by 0.1% to 1.1395.

The Thai baht maintained its upward trend as the Bank of Thailand cut interest rates as expected by the market. The Indian rupee against the US dollar rose above 84.9450, reaching its highest level this year.

The yield on the 10-year US Treasury note changed little, at 4.17%. The yield on the 10-year German Bund fell by 2 basis points to 2.50%.

Spot gold fell by 0.3% to $3,308.21 per ounce.

With the intensification of trade frictions, many companies have withdrawn their earnings guidance. General Motors Co. and JetBlue Airways Corp. have joined this list, and United Parcel Service Inc. even announced that it will lay off 20,000 employees this year. Mercedes-Benz Group AG also withdrew its earnings outlook for this year due to the uncertainty of trade barriers.

Charu Chanana, the chief investment strategist of Saxo Markets, said that the market is looking for new catalysts, and investors are waiting for key macro data and the earnings reports of large technology companies.

【16:30】

WTI crude oil fell 2.0% during the day, at $59.2 per barrel.

【16:20】

Spot gold declined sharply in the short term, once falling below $3,290 per ounce, down 0.9% during the day.

【16:04】

Before the opening of the US stock market, AMD fell by more than 15%, and the company's earnings forecast was far below expectations.

【15:40】

The Euro Stoxx 50 index rose by 0.22%. The German DAX 30 index opened up by 0.24%. The UK's FTSE 100 index rose by 0.18%. The French CAC 40 index rose by 0.13%.

After the release of France's CPI, the euro against the US dollar maintained its upward trend, rising by 0.1% to 1.1395.

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