Microsoft(US:MSFT) Zhi Tong Cai Jing·2025-10-13 23:30Market Overview - The three major indices in the U.S. experienced a strong rebound, with President Trump indicating he would not implement the threatened "significant tariff increases," which provided hope for negotiations [1] - The S&P 500 index reached a new high, driven by a surge in technology stocks, although concerns about inflated valuations and potential market bubbles were raised [1] - The Dow Jones Industrial Average rose by 587.98 points (1.29%) to 46067.58, the Nasdaq increased by 490.178 points (2.21%) to 22694.608, and the S&P 500 gained 102.21 points (1.56%) to 6654.72 [1] European Market - The German DAX30 index increased by 139.27 points (0.57%) to 24406.07, while the UK FTSE 100 rose by 14.38 points (0.15%) to 9441.85 [2] - Other European indices also saw gains, with the French CAC40 up by 16.26 points (0.21%) to 7934.26 and the Euro Stoxx 50 rising by 37.73 points (0.68%) to 5569.05 [2] Commodities - Crude oil prices saw an increase, with light crude for November delivery rising by $0.59 to $59.49 per barrel (1.0% increase) and Brent crude for December delivery up by $0.59 to $63.32 per barrel (0.94% increase) [2] Cryptocurrency - Bitcoin rose by 0.71% to $115,909, while Ethereum increased by over 2.6% to $4,270.14 [3] Precious Metals - Spot gold surpassed $4,111, gaining over 2% during the day, while spot silver broke through $52 [4] Macroeconomic Insights - Federal Reserve official Paulson indicated support for two more rate cuts this year, each by 25 basis points, suggesting that tariffs should not significantly impact consumer prices [5] - Morgan Stanley analysts forecast continued weakness in organic sales for consumer goods in Q3, with expectations of a slight improvement by 2026, driven partially by tariff-related price increases [6][7] - Standard Chartered analysts noted that if U.S. economic momentum persists, further rate cuts in 2026 may be unlikely, potentially leading to higher dollar and U.S. Treasury yields [7] Company News - Microsoft is facing a new antitrust class action lawsuit, accused of illegally raising ChatGPT prices through a secret agreement with OpenAI [8] - Strategy, a Bitcoin reserve company, invested $27 million to increase its Bitcoin holdings, now totaling 640,250 coins, representing about 3% of the circulating supply [9] - Oracle's CEO expressed confidence in OpenAI's ability to cover its substantial cloud infrastructure costs, estimated at $60 billion annually [10]