Financial Associated Press, May 20 (editor Xia Junxiong) MondayBandicootbuddyFutures of the three major US stock indexes rose slightly, while most of the major European indexes rose.
On the previous trading day, the Dow closed above 40,000 for the first time, while the index closed above 30,000 for the first time in November 2020.
Tom Lee, head of research at Fundstrat Global Advisors, said the rally should continue, at least in the short term. Artificial intelligence will be this week.BandicootbuddyLee listed several potential catalysts, including Microsoft's Build conference from Tuesday to Thursday and Nvidia's first-quarter results scheduled to be released after Wednesday's trading.
Lee believes that these activities and results will strengthen market optimism in the field of artificial intelligence, which in turn will have a positive impact on technology stocks and the market as a whole.
Gold stocks rose before the session, Hamoni gold rose more than 4%, gold resources rose nearly 10%, and American silver rose more than 13%. Spot gold prices continued to hit record highs on Monday, rising again in recent weeks on the back of geopolitical tensions and heightened expectations of Fed interest rate cuts.
Company news
[FAA proposes new airworthiness directives for some Boeing aircraft]
The Federal Aviation Administration (FAA) has recommended new airworthiness instructions for Boeing's 787-8, 787-9 and 787-10 aircraft, local time said on May 19. The proposed airworthiness directive requires the replacement of affected cockpit windows and prohibits the installation of affected windows. FAA also recommends new airworthiness instructions for Boeing 737-100,200,200C,-300,400 and-500 series aircraft.
[Google plans to invest 1 billion euros to expand data center park in Finland]
Google said in a statement that it will invest a further 1 billion euros to expand its data center campus in Finland to boost the growth of its artificial intelligence business in Europe.
[Airbus is reported to have won an order for 105 narrow-body aircraft from Saudi Airways]
According to media reports citing sources, Airbus won an order for 105 narrow-body aircraft from Saudi Airways.
[Softbank Corp. Group plans to sell 550 billion yen of 7-year bonds to individuals]
According to a document submitted by Softbank Corp. Group, the company plans to sell 550 billion yen of seven-year bonds with an annual interest rate tentatively set at 2.65-3.25%, which will be finalized on May 31. A spokesman for Softbank Corp. Group in Tokyo said the bond is mainly for individual investors.
[LG is reported to have terminated the XR cooperation with Meta, Amazon may be a new partner]
South Korea's LG Electronics has terminated its cooperation with Meta's extended reality (XR) after the two sides agreed to jointly develop XR devices. LG is currently looking for new partners to provide operating systems and software for XR devices that LG plans to launch next year, according to people familiar with the matter. After Meta, Amazon, another large American technology company, became a candidate for cooperation.
[AstraZeneca will invest US $1.5 billion to build a factory in Singapore specializing in the production of antibody drug couplings]
AstraZeneca said on May 20 that it would invest US $1.5 billion to set up a production base in Singapore to specialize in the production of antibody drug couplings. Construction of the plant will begin at the end of this year and is expected to be put into operation in 2029.
AstraZeneca said it had the support of the Singapore Economic Development Board, but did not say what incentives it would receive from the Singapore government.
Events worthy of attention during the time period of US stocks (Beijing time)
May 20th
twenty-oneBandicootbuddyFederal Reserve Governor Barr delivered a speech on banking supervision
twenty-twoBandicootbuddyJefferson, vice chairman of the Federal Reserve, spoke on the economic outlook and the real estate market
May 21
02:00 2024 FOMC vote Committee and Cleveland Federal Reserve Chairman Mestre interviewed by Bloomberg Television
