Investing.com - Here are 5 major events to learn about in the financial market on Tuesday, September 12th:
1. US stock index futures slightly declined
The decline in US stock index futures before the opening of the market failed to continue the upward trend led by Tesla on Wall Street yesterday.
According to the US stock market on Investing.com, as of 19:33 Hong Kong time (07:33 am Eastern time), the Dow Jones index futures, mainly blue chip stocks, fell 73.0 points, or 0.21%, the S&P 500 index futures fell 13.0 points, or about 0.29%, and the Nasdaq 100 index futures, mainly technology stocks, fell 48.1 points, or 0.31%.
The three major stock indices all rose on Monday (11th), with Tesla soaring 10%, boosting the market. Earlier, Morgan Stanley analysts stated that Tesla's Dojo supercomputer could provide new opportunities beyond the automotive business. Analysts also say that thanks to this technology, Tesla's enterprise value can increase by $600 billion.
Qualcomm (NASDAQ: QCOM) also announced that it will continue to supply 5G chips to Apple (NASDAQ: AAPL) until 2026, sparking a 4% increase in Qualcomm's stock price.
In addition, a series of important economic data to be released by the United States this week, including inflation and retail prices, are expected to receive high attention from the market.
2. Arm completes IPO subscription one day in advance
According to multiple media reports, the demand for Arm's IPO is strong, and subscription is suspended one day ahead of the original plan.
Insiders told the media that the subscription will end on Tuesday afternoon. The report states that this IPO has received over 5-10 times oversubscription. However, Arm declined to comment.
According to reports, Arm still plans to price on Wednesday, which may be close to or even higher than the initial upper limit of the $47 to $51 range. If calculated at the top of this range, the company's market value may reach $54.5 billion.
3. Apple to release new iPhone
Apple will release its latest iPhone at its annual autumn hardware launch event in California tonight.
According to sources quoted by the media, the press conference will launch four iPhones, including two basic models and two higher priced premium versions.
Although Apple's iPhone revenue has decreased in the past quarter, this business still contributes about half of the group's total sales.
owever, the iPhone is facing an increasing number of unfavorable factors. In the already sluggish global smartphone market, there were reports last week that some places and personnel in China were required to stop using iPhones, and the return of Huawei's high-end phones may also threaten Apple's position.
4. Rising oil prices
Oil prices have risen, and Brent crude oil futures prices remain above $90 per barrel. The market is waiting for OPEC's monthly report to be released tonight.
Investors are expected to focus on OPEC's forecast of China's oil demand, with recent expectations that China's demand will drive global oil demand to a new high weakening.
In addition, the American Petroleum Institute (API) will also release US inventory data tonight, which is expected to continue the recent decline trend.
As of 19:33 Hong Kong time (07:33 a.m. Eastern Time), Investing.com commodity prices showed that the US WTI crude oil futures price increased by 0.56% to $87.86 per barrel; Brent crude oil futures rose 0.55% to $91.14 per barrel.
Last week, the oil supply exceeded $90 for the first time in ten months, thanks to Saudi Arabia and Russia extending the current production reduction policy until the end of the year.
5. Disney and Charter reach an agreement to resume playing ESPN and ABC on Spectrum
Disney (NYSE: DIS) and Charter Communications (NASDAQ: CHTR) have reached a broadcasting agreement, under which Disney will continue to provide advertising based Disney+streaming services, ESPN, and ABC to Charter's pay TV network Spectrum users, while Charter will pay Disney higher broadcasting fees.
A few hours after this agreement was reached, ESPN aired the game between the New York Jets and Buffalo Bills teams of the National Football League of the United States. If no agreement is reached, it means that millions of households in the United States may not be able to watch this game.
The standoff between Disney and Charter highlights the increasingly tense relationship between pay TV companies and streaming service platforms.