① As of press time, Dow Jones futures rose 0.16%, S&P 500 futures rose 0.17%, and Nasdaq futures rose 0.15%.
② Chinese concept stocks saw a general increase before the market opened. As of press time, JD.com rose 2.11%, Alibaba rose 1.92%, Pinduoduo rose 0.92%, and Ideal Auto rose 4.2%.
③ WeRide, an autonomous driving technology company, has recently updated its prospectus to the SEC and plans to launch another IPO in the United States, with a maximum valuation of approximately $5 billion. Wenyuan Zhixing will apply for an initial public offering of $119.4 million and a private placement of $320.5 million on NASDAQ, issuing 6.5 million American Depositary Shares (ADS) at prices ranging from $15.5 to $18.5 per share. The highest fundraising is expected to exceed $400 million, with a maximum valuation of approximately $5 billion.
④ As of press time, Capri Holdings, a luxury fashion group in the United States, has experienced a pre-market drop of over 44.66% due to a failed alliance with Coach's parent company. On the news front, US federal judge Jennifer Rochon approved the preliminary injunction motion of the Federal Trade Commission (FTC), preventing Coach's parent company Tapestry Group from acquiring Capri Group, resulting in the failure of the alliance between the two largest luxury goods companies in the United States.
⑤ Bridgewater CIO: Compared to cash, global risk assets are now more attractive. Bridgewater's Chief Investment Officer (CIO) stated that in the context of resilient economic growth, the Federal Reserve's shift towards loose policies may prompt investors to abandon cash and invest in risk assets, even if current pricing shows that risk premiums have been compressed. Under loose policies, regardless of whether economic growth slows down or accelerates, a balanced investment portfolio can enjoy the returns of holding assets more sustainably.
⑥ BlackRock launches three new ETFs for US large cap stocks: The world's largest asset management company, BlackRock, launched three new ETFs on Thursday aimed at helping investors diversify their investments in US large cap stocks. BlackRock stated that two of the ETFs are designed to provide exposure to large companies, while the other ETF is tailored to hedge exposure to these companies.
⑦ As of press time, TSMC's pre-market price has risen by 1.04%, with prices below 5 nanometers expected to rise again next year. On the news front, some media outlets quoted industry insiders as saying that TSMC has recently released 2025 manufacturing quotes to multiple customers in order to reduce the impact on gross profit margins caused by high operating costs and deployment costs of overseas factories. Depending on the customer, product, and production capacity scale, the process price increase for 5 nanometer, 4 nanometer, and 3 nanometer manufacturing quotes is about 4% higher than previously estimated, and the 2 nanometer manufacturing quote has soared to $30000.
⑧ Microsoft CEO Nadella's salary skyrockets by 63% to $79.1 million in fiscal year 2024, a 63% increase from the previous year. According to regulatory documents submitted by Microsoft on Thursday, approximately 90% of Nadella's salary is in Microsoft stock, which is the largest compensation he has received since becoming Microsoft's third CEO in 2014.
⑨ The International Monetary Fund (IMF) warned on the 24th that the global economy is at risk of falling into a low growth high debt path, and policy makers should take action to address debt issues and implement reforms to promote growth.
⑩ At 22:00 Beijing time, the final values of 5-year inflation expectations at the University of Michigan in October, 1-year inflation expectations at the University of Michigan in October, the University of Michigan Consumer Expectation Index in October, the University of Michigan Consumer Current Situation Index in October, and the University of Michigan Consumer Confidence Index in October.
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