US Stock Futures Rise Amid Optimism in AI and Economic Growth

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US stock futures showed slight gains, with the Dow Jones up 0.10%, S&P 500 up 0.32%, and Nasdaq up 0.40%. Global markets are poised for their best monthly performance since May, driven by optimism in US economic growth and AI investments, outweighing concerns over European political instability and economic slowdown.

In Europe, the German DAX rose 0.23%, while the UK FTSE 100 fell 0.07%. WTI crude oil dipped 0.39% to $68.45 per barrel. The MSCI Global Index maintained a 3.2% monthly increase.

Retailers in the US are preparing for Black Friday, with expectations of 85.6 million shoppers, up from last year. However, the shorter shopping period between Thanksgiving and Christmas adds pressure.

Barclays predicts a 10% rise in the S&P 500 to 6600 next year, supported by strong tech earnings and economic resilience.

Key stocks: Bilibili (1.5% pre-market rise), Li Auto (1% rise), and XPeng (1% rise) showed gains amid positive developments.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.