Zhi Tong Cai Jing·2025-12-03 12:57Market Movements - US stock index futures are all up ahead of the market opening on December 3, with Dow futures rising by 0.23%, S&P 500 futures by 0.20%, and Nasdaq futures by 0.18% [1] - European indices show mixed results, with Germany's DAX up 0.23%, the UK's FTSE 100 down 0.13%, France's CAC40 up 0.02%, and the Euro Stoxx 50 up 0.34% [2][3] - WTI crude oil increased by 1.38% to $59.45 per barrel, while Brent crude rose by 1.18% to $63.19 per barrel [3][4] Employment Data Insights - The ADP employment data for November is expected to show stability in the private sector, with predictions of 40,000 new jobs according to FactSet, contrasting with a media consensus of only 5,000 [5] - The delay in the official employment report due to government shutdowns makes the ADP data a crucial reference for the Federal Reserve's upcoming policy decisions [5] Federal Reserve Speculations - Market speculation is increasing regarding a more aggressive rate cut by the Federal Reserve in 2026, driven by the potential appointment of Kevin Hassett as the new Fed Chair [6] - Deutsche Bank suggests that Jerome Powell may remain on the board after his term ends in May 2026, which could help maintain the Fed's independence [7] Bond Market Predictions - JPMorgan warns that the market's aggressive rate cut expectations could lead to higher US Treasury yields next year, predicting a rise in the 10-year Treasury yield to 4.35% by the end of 2026 [8] Silver Market Dynamics - Silver prices have reached a record high, driven by expectations of continued supply shortages and a dovish Federal Reserve, with prices peaking at $58.9471 per ounce [9] Company Earnings Reports - Marvell Technology (MRVL.US) reported a 37% year-over-year revenue increase to $2.07 billion, with a significant net profit surge of 876% from the previous quarter [11] - CrowdStrike (CRWD.US) exceeded earnings expectations with a 22% revenue growth to $1.23 billion and raised its full-year guidance [12] - Amazon (AMZN.US) launched its new AI training chip, Trainium 3, aiming to compete with Nvidia and Google in the AI chip market [13] - SiTime (SITM.US) is in talks to acquire Renesas Electronics' timing division, potentially valued at $2 billion, to enhance its offerings in AI data centers [14]