Market Movements - US stock index futures are all up, with Dow futures rising by 0.33%, S&P 500 futures by 0.28%, and Nasdaq futures by 0.22% [1] - European indices also show positive movement, with Germany's DAX up 0.08%, UK's FTSE 100 up 0.05%, France's CAC 40 up 0.25%, and the Euro Stoxx 50 up 0.30% [2][3] - WTI crude oil increased by 0.31% to $63.72 per barrel, while Brent crude oil rose by 0.19% to $67.80 per barrel [4] Federal Reserve Insights - Market is focused on Jerome Powell's speech at the Jackson Hole conference, which is seen as a pivotal moment for future Fed policy [5] - There is a 73.5% probability that the Fed will cut rates by 25 basis points in September, with at least one more cut expected this year [5] - Analysts have differing views on the likelihood of a September rate cut, with Goldman Sachs suggesting Powell will not explicitly signal a cut, while Yardeni Research estimates the probability at 40% [5] Corporate Earnings and Forecasts - HSBC predicts that AI adoption could help US companies reduce operating costs by 1%, potentially offsetting 25% of the cost increase from tariffs, and supports a bullish outlook for the S&P 500 to reach 7000 points by year-end [6] - UBS notes that the effective tariff rate in the US has exceeded 18%, with expectations of a GDP growth decline of about 1 percentage point due to tariffs [6] Individual Company Performance - Gold Fields (GFI.US) reported a net profit of $1.02 billion for the first half of the year, significantly up from $389 million the previous year, and announced an interim dividend of 7 Rand per share [8] - Zoom (ZM.US) achieved a 7% year-over-year increase in enterprise sales, reaching $730.7 million, exceeding analyst expectations [9] - Ross Stores (ROST.US) reported sales of $5.53 billion for the quarter, a 2% increase year-over-year, and adjusted EPS of $1.56, surpassing market expectations [9] Chinese Stocks Performance - Pre-market trading shows significant gains for several Chinese stocks, including Miniso (MNSO.US) up over 8%, NIO (NIO.US) up over 5%, and Pinduoduo (PDD.US) up over 4% [10]