According to Caixin, before the pre-market trading in the U.S. stock market on September 6th, the three major equity index futures collectively declined, and major European indices generally fell.

(Source: Investing.com)

The data released before the market showed that non-farm employment in the United States increased by 0.142 million in August, below the estimated increase of 0.165 million, with the previous value increasing by 0.114 million; the unemployment rate in August was 4.2%, in line with the estimate, with the previous value at 4.3%.

In addition, the July data was revised downward from 0.114 million to 0.089 million, and the June data was revised downward from 0.179 million to 0.118 million. The total downward revision for the two months was 0.086 million new employed people.

After the release of non-farm employment data, traders raised their expectations for the magnitude of interest rate cuts by the Federal Reserve this year. Traders believe that there is a 50% chance of a 50 basis point interest rate cut by the Federal Reserve this month.

Traders closely monitor employment data for clues about the magnitude of interest rate cuts by the Federal Reserve this month. This week, concerns about the economy have once again shaken the market, and any signs of weakness in the job market will make investors anxious.

Faraday Future's pre-market trading once surged by 28%. On the news front, Faraday Future announced that the company has received $30 million financing commitments from investors in the Middle East, USA, and Asia.

Company news

Qualcomm is reported to be exploring the acquisition of some of Intel's chip design business.

According to media reports, Qualcomm is exploring the possibility of acquiring some of Intel's chip design business. Qualcomm executives are very interested in Intel's customer PC design business, but also studying all of its design departments. An Intel spokesperson said that Qualcomm has not yet contacted Intel about potential acquisition matters and declined to comment on its plans. Qualcomm declined to comment.

Japan Steel is reported to have proposed signing a national security agreement for its planned acquisition of United States Steel.

Japan Steel has proposed signing a national security agreement to alleviate concerns from the United States over its acquisition of United States Steel. The letter was sent on September 3 in response to the Committee on Foreign Investment in the United States. The committee stated that the transaction could harm the supply of steel necessary for critical transportation, construction, and agriculture projects, thereby posing a national security risk.

Faraday Future announced that it has secured a commitment of $30 million in financing.

On September 5 local time, Faraday Future, headquartered in California, USA, announced that the company has received a commitment of $30 million in financing from investors in the Middle East, United States, and Asia. This financing commitment includes a pre-injection of $7.5 million and an additional $22.5 million, in the form of convertible notes and warrants to purchase additional common stock of the company in the future. The conversion price of the convertible notes is $5.24 per share, and the exercise price of the warrants is $6.29 per share, subject to adjustment according to the relevant terms and conditions.

Institutions: The Apple iPhone 16 series will use the A18 processor and may be priced the same as the previous generation 15.

On September 6th, according to the latest survey by TrendForce, Apple's upcoming iPhone 16 series will be equipped with the new A18 and A18 Pro processors, and will have a comprehensive upgrade in DRAM to support Apple Intelligence. The institution estimates that the total output of the four new models by Apple in the second half of 2024 will reach 86.7 million units, with an annual increase of nearly 8%. Considering the overall decline in the smartphone market, it is expected that Apple will continue to adopt a cautious pricing strategy. The institution pointed out that the US dollar pricing of the four new models launched this year is expected to remain the same as the iPhone 15 series or slightly increase due to increased costs, in order to promote sales of the new models while maintaining profitability.

The UK antitrust agency has made a preliminary ruling that Google's ad server has engaged in anti-competitive behavior.

The UK's anti-trust department, the Competition and Markets Authority (CMA), announced on September 6th that it has provisionally determined that Google has abused its dominant position through the operation of its advertising server and purchasing tools, thus restricting competition in the UK market. The interim investigation results involve how Google 'self-recommends' its advertising trading platform, which harms competition and therefore the interests of advertisers and publishers. In addition to taking action in the UK, authorities in the US and the EU are also investigating similar issues.

Events to watch during the US stock market hours (Beijing time)

September 6th

22:00, US Global Supply Chain Pressure Index for August

September 7th

01:00, US Weekly Oil Rig Count as of September 6th