Key Points Before the US Stock Market Opens | Federal Reserve Rate Hike Expectations Ease! Apple AI Features Approved in China, ASML Plans to Increase Production by 30% Next Year

Glonghui July 15｜1. The three major US stock index futures all rose: Nasdaq futures up 0.52%, S&P 500 index futures up 0.21%, Dow futures up 0.17%. 2. Major European stock indices were mixed: Germany's DAX index down 0.51%, UK's FTSE 100 index down 0.05%, France's CAC index up 0.02%, Euro Stoxx 50 index up 0.01%. 3. US June PPI year-on-year +5.5%, expected 6.2%, previous value revised from 6.5% to 6%; month-on-month -0.3%, expected 0%, previous value revised from 1.1% to 0.6%. 4. White House National Economic Council Director Hassett: Data shows the Federal Reserve has no reason to raise rates. 5. Apple's AI functions in China have completed registration, with support from Alibaba and Baidu. 6. OpenAI plans to launch a home smart speaker, marking its first hardware product. 7. Buffett: Not investing in Google back then was a mistake; based on current performance, Google is "more likely to be a winner." 8. Barclays initiates SK Hynix with "Overweight" rating and $330 target price, with potential upside of up to 70%. 9. Report: Intel 18A yield rate rises to 85%, reportedly securing large orders from Nvidia, OpenAI and others. 10. Former employee accuses Meta of using AI to screen layoff targets, targeting employees on sick leave or with disabilities. 11. Reportedly, Stripe and Advent have offered to acquire PayPal for over $53 billion. 12. Nebius and Reflection AI sign AI computing infrastructure supply agreement worth over $1 billion. 13. CoreWeave explores using financial derivatives to hedge against price risks of memory and storage chips. 14. Nokia will start selling mobile communication network equipment equipped with Nvidia AI technology next year. 15. Verizon reportedly plans a new round of layoffs this week as part of CEO-led cost-cutting measures. 16. Lucid clarifies that reports of the company considering a privatization deal or Chapter 11 bankruptcy protection are "completely untrue." Earnings Announcements: 1. ASML's Q2 results beat expectations across the board, raising guidance for the second time this year: net sales for 2024 expected to reach €43-45 billion; low numerical aperture low NA EUV equipment production capacity to increase by about 30% by 2027. 2. Morgan Stanley Q2 net revenue up 27% year-on-year to $21.348 billion, net profit up 58% year-on-year to $5.581 billion, both hitting record highs. 3. BlackRock Q2 revenue up 31% year-on-year to $7.084 billion, assets under management increased to $15.3 trillion. 4. Johnson & Johnson Q2 sales of $25.31 billion, adjusted earnings per share $2.9, both exceeding expectations.