智通财经网·2025-10-09 11:39Market Overview - US stock index futures showed mixed movements before the market opened, with Dow futures up 0.13% and S&P 500 futures up 0.04%, while Nasdaq futures were down 0.04% [1] - European indices also displayed varied performance, with Germany's DAX up 0.35%, UK's FTSE 100 down 0.29%, and France's CAC40 up 0.39% [2][3] - WTI crude oil prices fell by 0.34% to $62.34 per barrel, and Brent crude oil prices decreased by 0.30% to $66.05 per barrel [3][4] Market Sentiment - Concerns about a potential bubble in the US stock market are rising, as the S&P 500 index has rebounded 36% since April, reaching valuation levels comparable to previous "overheated" periods [4] - The VIX index has started to rise, indicating that institutional investors are worried about a market correction if AI-driven trading falters [4] - Traders are increasing protective positions ahead of earnings reports from major tech companies like Apple, Alphabet, and Microsoft [4] Economic Data and Trends - The global bond market is experiencing stagnation, but traders are preparing for significant economic data releases once the US government shutdown ends [5] - There is a notable decline in foreign central banks' holdings of US Treasury bonds, which have dropped to a ten-year low, raising questions about foreign investors' appetite for US sovereign debt [5][6] - The Canadian Pension Plan Investment Board has warned that continued fiscal pressure on the US could jeopardize the status of US Treasuries as a safe-haven asset [6] Company Performance - Delta Air Lines reported Q3 earnings that exceeded expectations, with adjusted revenue up 4.1% year-over-year to $15.2 billion and adjusted EPS of $1.71, surpassing market forecasts [7][8] - PepsiCo's Q3 revenue grew by 2.7% to $23.94 billion, also exceeding expectations, although core EPS was slightly below the previous year [8] - Taiwan Semiconductor Manufacturing Company (TSMC) saw a 30% year-over-year increase in Q3 revenue, driven by significant investments in AI by major US tech firms [8] - Lloyds Banking Group warned of potential additional provisions due to a compensation plan for mis-sold auto loans, which could have a substantial financial impact [8]