On Thursday, US stock index futures slightly rose, while major European stock indexes generally rose.
(Source: Yingwei Financial Information)
According to data released before the market, the US CPI in September increased by 3.7% year-on-year, with an estimated 3.6%, compared to the previous value of 3.7%; The US CPI increased by 0.4% month on month in September, with an estimated 0.3%, compared to the previous value of 0.6%.
The core CPI of the United States increased by 4.1% year-on-year in September, the smallest increase since September 2021, and has been declining for six consecutive months. It is estimated to be 4.1%, compared to the previous value of 4.3%; The core CPI of the United States increased by 0.3% month on month in September, with an estimated 0.3% compared to the previous value of 0.3%.
Investors believe that September inflation will have a significant impact at the next interest rate meeting.
The September meeting minutes released on Wednesday showed that Federal Reserve officials unanimously agreed that monetary policy should remain restrictive for a period of time, and that a balance must be struck between excessive tightening and curbing inflation.
Company News
8700 workers strike at Ford Motor's largest factory in the United States
On October 11th local time, the United Auto Workers of America announced a strike at Ford's largest factory in Louisville, Kentucky, involving a total of 8700 people. Due to the inability of the three major automakers, General Motors, Ford, and Stellantis, to meet the demands of car workers for salary increases, unemployment increases, and medical insurance, the Federation of Automotive Workers in the United States organized a strike for workers starting on September 15th. According to media reports, approximately 150000 members of the United Auto Workers of America work for these three major automakers, with 22% of them currently participating in the strike.
Since the Israeli-Palestinian conflict, X has deleted hundreds of accounts related to Hamas
Linda Yaccarino, CEO of X (formerly Twitter), stated on October 12th local time that since the conflict between Israel and Palestine, the platform has deleted hundreds of accounts associated with Hamas and taken action to delete or mark tens of thousands of content in response to the EU's condemnation of the platform.
Previously, on the 10th, EU Internal Market Commissioner Thierry Breton stated that there were signs that X was being used to disseminate "illegal content and false information" about the Israeli-Palestinian conflict in the EU. In accordance with the obligations under the Digital Services Act, he sent a letter to Musk requesting a response within 24 hours. A few hours later, the owner of X Company, Musk, responded that X's policy is "everything is open source and transparent". He knew that the EU supports this approach and asked Breton to list the violations he mentioned on X.
The European Union claims that there has been a surge in false information related to the new round of conflict between Palestine and Israel, requiring Meta to take swift action
On October 11th, Thierry Breton, the EU's internal market commissioner, wrote to Meta CEO Zuckerberg requesting prompt action to prevent the spread of false information related to the new round of conflict between Palestine and Israel.
Breton stated that after Hamas launched an attack on Israel, there has been a surge in illegal content and false information on some platforms. Given the upcoming series of elections for the European Parliament and multiple countries, he also requested Zuckerberg to inform the EU of the measures taken to reduce "deep fakes".
Breton requested Meta to respond within 24 hours and warned that "if found not to cooperate, Meta may face punishment.
Sony announces a new fund to invest in African entertainment industry startups, covering fields such as gaming, music, and movies
On October 11th, Sony announced the establishment of the "Sony Innovation Fund: Africa" to support the development of entertainment companies in Africa.
According to the statement, the new fund will invest in early-stage startups in the entertainment industry in Africa, including those in the fields of gaming, music, movies, and content distribution. Sony will initially allocate $10 million for such investments. The statement stated that Sony has also reached a cooperation agreement with the International Finance Corporation (IFC), which is actively investing in emerging countries.
The combination therapy of Pfizer Braftovi and Mektovi has been approved by the FDA
Pfizer announced on October 12th that the US Food and Drug Administration (FDA) has approved BRAFTOVI ® Joint MEKTOVI ® Used for treatment testing to detect BRAF V600E mutations in metastatic non-small cell lung cancer (NSCLC) in adult patients.
McEwan Copper received an additional investment of $10 million from Rio Tinto Group
On October 11th, McEwen Mining announced that its subsidiary, McEwen Copper, received an additional $10 million investment from Rio Tinto's venture capital company, Nuton. After the transaction is completed, Nuton will own 14.5% of McEwen Copper's shares. Earlier on the same day, McEwen Copper announced that it had received an investment of 42 billion Argentine pesos (approximately $120 million) from car company Stellantis Group.
Uniqlo's parent company, Fast Retailing, saw a year-on-year increase of 20.2% in total comprehensive income for the fiscal year 2023
On the evening of October 12th, Uniqlo's parent company, Fast Retailing Co., Ltd., announced on the Hong Kong Stock Exchange that the total comprehensive income for the fiscal year 2023 (September 1, 2022 to August 31, 2023) was 2766.5 billion yen (an increase of 20.2% compared to the previous year), and the total comprehensive operating profit was 381 billion yen (a year-on-year increase of 28.2%). The company predicts that the total comprehensive income for the fiscal year 2024 will reach 3050 billion yen (an increase of 10.2% compared to the previous year), the total comprehensive operating profit will reach 450 billion yen (a year-on-year increase of 18.1%), the profit before income tax will reach 480 billion yen (a year-on-year increase of 9.6%), and the profit attributable to the parent company's owners will reach 310 billion yen (a year-on-year increase of 4.6%).
Events worth noting during the US stock market period (Beijing time)
October 12th
22:30 EIA natural gas inventory for the week from the United States to October 6th
23:00 EIA crude oil inventory for the week from the United States to October 6th, EIA Cushing crude oil inventory for the week from the United States to October 6th, and EIA strategic petroleum reserve inventory for the week from the United States to October 6th