Zhi Tong Cai Jing·2025-09-05 11:34Market Movements - As of the report, U.S. stock index futures showed mixed results with Dow futures down 0.05%, S&P 500 futures up 0.22%, and Nasdaq futures up 0.53% [1] - European indices also showed positive movement, with Germany's DAX up 0.11%, UK's FTSE 100 up 0.29%, France's CAC 40 up 0.12%, and the Euro Stoxx 50 up 0.21% [2][3] Oil Prices - WTI crude oil fell by 0.76% to $63.00 per barrel, while Brent crude oil decreased by 0.63% to $66.57 per barrel [3][4] Employment Market Insights - The upcoming non-farm payroll report is expected to show a weak job growth of only 75,000 jobs added in August, marking the fourth consecutive month below 100,000 [5] - The unemployment rate is projected to rise to 4.3%, the highest level since 2021, indicating a cooling labor market [5] - A significant downward revision of up to 800,000 jobs is anticipated in the employment levels due to the quarterly employment and wage survey data [5] Federal Reserve Outlook - New York Fed President Williams indicated that tariffs have not significantly impacted overall inflation trends, easing potential resistance to a rate cut in September [6] - The labor market is showing signs of cooling, which may prompt the Federal Reserve to intervene [6] Construction Industry Indicators - The voluntary turnover rate in the U.S. construction industry has dropped to 0.9%, the lowest since the 2008 financial crisis, signaling a lack of confidence among workers regarding job prospects [7] Company-Specific News - Broadcom (AVGO.US) reported a strong Q2 with revenues of $15.95 billion, a 22% year-over-year increase, and AI business revenue up 63% to $2 billion [8] - Lululemon Athletica (LULU.US) lowered its full-year guidance for the second time, projecting revenues between $10.85 billion and $11 billion, below previous estimates [9] - Apple (AAPL.US) achieved record sales in India, nearing $9 billion, driven by strong demand for its flagship products [10] - Texas Instruments (TXN.US) CFO warned that semiconductor demand recovery is slower than expected, particularly in the automotive sector [10] - Starbucks (SBUX.US) is in discussions for a potential sale of its China business, with bids reaching $5 billion, making it one of the highest-value divestitures in recent years [10]