Overnight Market Dynamics and Financial Focus Analysis

Recently, the Federal Reserve's bigwig, Collins, held a small meeting and made a speech that startled the market participants. He said that the core inflation rate is expected to return to 2% by 2025, indicating that despite some current economic hiccups, there is hope for stable prices in the coming years. He also mentioned that the job market is quite healthy, but when it comes to interest rate cuts, caution is needed as decisions should be based on data. It seems that these monetary policymakers are also striving to balance economic growth and inflation.

Speaking of which, while everyone is focusing on the global economy, good news has come from the tech giant NVIDIA. Their leader, Bob Pet, revealed in an interview that the newly launched Blackwell platform is not only super energy-efficient but also has unlimited potential in promoting the advancement of artificial intelligence technology, potentially creating up to $20 trillion in value over the next decade! This means that as AI applications become more widespread, its contribution to global economic growth will also increase significantly.

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However, just as everyone was basking in the joy brought by technological progress, conflict erupted again in the Middle East. Israeli Prime Minister Netanyahu announced the successful strike and killing of two important leaders of Hezbollah in Lebanon. Subsequently, the Israel Defense Forces stated that Hezbollah fired about 180 rockets into Israel that day. This exchange of fire undoubtedly further escalated the tense situation in the region, bringing great instability to the local population.

Let's take a look at the energy market. The latest report released by the U.S. Energy Information Administration (EIA) adjusted the expectations for crude oil prices over the next two years due to factors such as changes in supply and demand: Brent oil prices are set at $81 per barrel and $78 per barrel, respectively; while West Texas Intermediate (WTI) prices are set at $77 per barrel and $73 per barrel. In addition, the report also predicts that domestic electricity consumption in the United States will reach a historical high during 2024 and 2025, showing a continuous trend of increasing energy demand driven by economic development.

Speaking of this, we must also mention the recent problems faced by Boeing. The Federal Aviation Administration (FAA) issued a safety alert, warning that the rudders of some Boeing 737 models may have potential failure hazards and require immediate inspection and repair. Affected by this news, Standard & Poor's rating agency said it might downgrade Boeing's credit rating to "junk" level. Faced with various unfavorable situations, Boeing is considering raising funds through the issuance of stocks and other securities to alleviate financial pressure.

On the other hand, General Motors has made breakthrough progress in the field of new energy vehicles. According to insiders, thanks to technological innovation and supply chain optimization measures, the production cost of the company's electric vehicles has been reduced by as much as $6,000. This is undoubtedly a major piece of good news for the entire automotive industry, indicating that consumers will be able to enjoy the convenience brought by environmentally friendly travel modes at more affordable prices in the future.

The financial market is also full of highlights. Last week, the three major U.S. stock indices all rose, and the Nasdaq Composite Index even set a new high record. However, surprisingly, the Nasdaq China Golden Dragon Index fell significantly, showing that investors have some differences in the prospects of the Chinese stock market. The commodity market is also not calm, with international oil prices falling for two consecutive days, with both WTI and Brent crude futures falling by more than 4%; the precious metals market was also not immune, with gold and silver futures falling by 0.8% and 3.29%, respectively.

In summary, whether it is at the macroeconomic level or in specific corporate dynamics, many important events have occurred in the past week that are worth paying attention to. They together form a complex, diverse, and vibrant development picture of today's world.

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