Zhi Tong Cai Jing·2025-12-12 12:43Market Overview - US stock index futures showed mixed performance with Dow futures up by 0.14%, S&P 500 futures down by 0.18%, and Nasdaq futures down by 0.61% [1] - European indices also experienced gains, with Germany's DAX up by 0.25%, UK's FTSE 100 up by 0.25%, France's CAC40 up by 0.58%, and the Euro Stoxx 50 up by 0.35% [2][3] - WTI crude oil prices fell by 0.24% to $57.46 per barrel, while Brent crude oil prices decreased by 0.29% to $61.10 per barrel [3][4] AI Regulation and Economic Policy - President Trump signed an executive order aimed at limiting state-level regulations on artificial intelligence (AI), promoting a federal framework to maintain US leadership in the AI sector [5] - The executive order directs the establishment of an "AI litigation task force" to challenge state laws that conflict with the administration's vision for light regulation [5] Federal Reserve Insights - Internal dissent within the Federal Reserve regarding interest rate cuts has become pronounced, with Chairman Powell downplaying opposition to a recent 25 basis point cut [6][7] - Concerns about employment data being systematically overestimated may lead to continued dovish monetary policy into 2026, as the Fed prioritizes labor market stability [7] Corporate Earnings and Market Reactions - Broadcom (AVGO) reported Q4 sales of $18 billion, a 28% year-over-year increase, but saw its stock drop in after-hours trading due to slightly disappointing AI order backlog [10] - Costco (COST) exceeded Q1 revenue expectations with $67.31 billion, a 6.4% increase, but faced concerns over slowing membership renewal rates and high valuations [11] - Coinbase (COIN) plans to launch tokenized stocks and prediction markets, indicating a move into trending financial products [12] - Netflix (NFLX) experienced a significant market cap drop of $40 billion, prompting a buying surge among retail investors [12] - Apple (AAPL) faced a setback in its legal battle with Epic Games, but gained a chance to defend its commission structure on developer transactions [13] Technological Partnerships - CoreWeave announced a partnership with Runway to enhance its video AI engine using NVIDIA's GB300 chip, indicating a focus on advanced AI capabilities [14] Upcoming Economic Events - Key economic data releases and speeches from Federal Reserve officials are scheduled, which may influence market sentiment and monetary policy outlook [15][16]