US Stock Market Outlook: Key Inflation Indicator Tonight, Bitcoin Rises, Adobe Falls.

US Stock Futures Rise Ahead of Market Open

As of the latest update, US stock futures for the three major indices are all up by 0.3%.

Pre-Market Movements in Tech Stocks

Most star tech stocks are showing gains in pre-market trading.

• Micron Technology (MU) is up over 1%.
• Tesla (TSLA), Nvidia (NVDA), and Alphabet (GOOGL) are also up nearly 1%.

Active Performance of Chinese Stocks

Popular Chinese stocks are performing actively in pre-market trading.

• NIO and NetEase (NTES) have risen over 2%.
• Baidu (BIDU), Alibaba (BABA), and Bilibili (BILI) are up more than 1%.

Bitcoin Surges

Bitcoin (BTC) has regained the $72,000 mark, increasing over 3% in the last 24 hours.

Oil Prices Decline

International oil prices have seen a slight drop, with WTI crude oil futures down over 1%, currently at $94.45 per barrel.

Brent crude oil futures also fell over 1%, now at $99.81 per barrel.

Nvidia GTC Highlights

Nvidia's GTC conference is set to showcase new products, including a "lobster" park where attendees can deploy an always-on AI assistant.

Apple Lowers App Store Commission

Apple (AAPL) announced a historic reduction in its App Store commission rate from 30% to 25%, effective March 15.

Adobe's Mixed Earnings Report

Adobe (ADBE) reported record revenue but provided a lackluster outlook, leading to a pre-market drop of over 8%.

Tesla Converts Investment to SpaceX Shares

Tesla (TSLA) has received FTC approval to convert its investment in xAI into shares of SpaceX.

Stellantis Seeks Investment from Chinese Firms

Stellantis NV (STLA) is reportedly in talks with Xiaomi and Xpeng Motors regarding potential investments.

PayPay's Strong Market Debut

PayPay (PAYP) saw a pre-market rise of over 26% after its IPO, which was the largest for a Japanese company in the US in a decade.

Ulta Beauty's Underwhelming Guidance

Ulta Beauty (ULTA) shares fell over 7% in pre-market trading after providing a disappointing sales forecast.

Upcoming US PCE Data

The US will release its January PCE price index at 8:30 PM Beijing time, with expectations of a 2.9% year-on-year increase.

Geopolitical Tensions Affecting Oil Prices

Goldman Sachs predicts Brent crude oil prices will exceed $100 per barrel in March due to geopolitical tensions.

US Treasury Panic Index Rises

The MOVE index, a measure of bond market volatility, has surged to a nine-month high, reflecting concerns over inflation.

Fertilizer Supply Chain Disruptions

Nearly 1 million tons of fertilizer are currently stranded in the Persian Gulf, raising concerns about global agricultural supply chains.

Helium Prices Surge

Helium prices have doubled since the onset of the Middle East crisis, impacting industries like semiconductors.

Currency Market Movements

The US dollar index has surpassed 100, while the USD/JPY exchange rate approaches 160, prompting speculation about potential interventions by the Bank of Japan.

China's February Financial Data

China's social financing increased by 2.38 trillion yuan in February, with new RMB loans at 900 billion yuan.