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Microsoft (MSFT.O) rose 0.93% in pre-market trading.
Intel (INTC.O) shares fell 5.3% in pre-market trading.
On August 10th, White House National Economic Council Director Hassett stated on Monday that he hopes Federal Reserve Governor Cook is correct in claiming his innocence. In an interview, Hassett said, "This is a matter for law enforcement, and I declined to comment on the details of the charges against Cook." When asked if he might succeed Cook if he were ultimately removed from his post, Hassett said, "No, I assure you, that won't happen." Hassett also stated that if he were at the Fed, he would choose to maintain interest rates or cut them, as there are too many supply-side drivers. He pointed out that recent inflation reports show prices are falling. Hassett also mentioned Fed Chairman Warsh, saying, "Wash is known for being independent."
Market news: The Ontario Teachers' Pension Plan (OTP) in Canada achieved a yield of 9.5% in the first half of the year, mainly due to the IPO of SpaceX (SPCX.O), a company owned by Elon Musk.
With the US-Iran negotiations still unresolved, international oil prices remain high. A quick overview of the pre-market conversion prices of crude oil between domestic and international markets is provided in this chart.
According to Futures News on August 10, as of 20:30 Beijing time, WTI crude oil futures rose 2.88% and US natural gas futures rose 4.17%.
According to A95 Consulting, gasoline imports in Ukraine increased by 34% in July.
Iranian President: The meeting with the Supreme Leader lasted 7-8 hours.
On August 10th, according to Kyodo News, several Japanese government officials revealed that the Japanese and US governments conducted an unusual joint intervention to buy yen on July 31st (US Eastern Time), the first such action in 28 years. The decisive factor was that Bank of Japan Governor Kazuo Ueda strongly hinted at a press conference that day (July 31st) that policy interest rates would be raised as soon as possible, in September or later. Ueda explicitly stated that if necessary, the pace of interest rate hikes would be "accelerated." The US side gave a positive assessment, and both sides were aligned in preventing excessive yen depreciation. This is because the US is concerned that Japan's slow pace of interest rate hikes has led to excessive yen depreciation, which could trigger further price increases and a rise in long-term interest rates, potentially impacting global financial markets. A senior Japanese government official revealed: "Governor Ueda's statement was very persuasive to the US. At the same time, this also means that the Bank of Japan has no choice but to raise interest rates at its next policy meeting (September 17-18)."
Market news: Meta Platforms (META.O) supports Texas Governor Abbott's review of data centers.
Novo Nordisk (NVO.N): A consortium of stakeholders has joined forces in London to create an innovation hub. This collaboration will leverage artificial intelligence as a driver of Novo Nordisk's innovation.
Boeing plans to acquire a stake in Archer Aviation, sending the company's stock price soaring 15% in pre-market trading.
Boeing (BA.N): The transaction is expected to be completed by the end of 2026.
Boeing said it plans to acquire nearly 20% of Archer Aviation.
ASML (ASML.O) announced details of transactions under its current share buyback program.
The Central Bank of Romania maintained its benchmark interest rate at 6.50%, in line with market expectations.
Market news: Ukraine has lowered its grain export forecast due to the Russian attack on its ports.
Intel (INTC.O): It is expected to grant underwriters a 30-day option to purchase up to an additional $2.25 billion worth of stock.
Bernstein raised its target price for ConocoPhillips from $121 to $129.
The memo shows that Saudi Aramco has postponed the restart of its 400,000-barrel-per-day refinery in Jazan by 15 days to August 30.
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