US Stock Pre-Market Briefing: Apple Earnings Due After Midnight, Musk Says Space Computing Power Will "Crush" Ground-Based by 2029

Odaily: Ahead of the US stock market open, investors should focus on the following market and financial headlines:

1. US三大股指期货 collective rise. Dow Jones Index futures up 0.33%, S&P 500 Index futures up 0.30%, Nasdaq 100 Index futures up 0.52%.

2. International oil prices both fell. WTI crude oil futures down 4.43% at $99.503/barrel; Brent crude oil futures down 4.24% at $108.623/barrel.

3. International spot gold and silver both rose. Spot gold up 0.61% at $3,900.37/oz; spot silver up 1.98% at $50.06/oz.

4. Europe's three major stock indices fluctuated in a narrow range. UK FTSE 100 down 0.22%, France's CAC40 up 0.07%, Germany's DAX30 down 0.15%.

5. Marvell Technology plans to acquire Lumentum through an all-stock transaction, with an implied enterprise value of approximately $115 billion, corresponding to about $1,132 per Lumentum share, a premium of approximately 24%. The deal is expected to close in the first half of 2028.

6. Musk predicts that by 2029, AI and cloud computing processing capacity deployed in low Earth orbit will far exceed ground-based computing power. However, Google says the launch cost of sending computing hardware into orbit is "extremely high," up to 100 times the cost of building on the ground.

7. Apple will report its fiscal 2026 fourth-quarter earnings on November 2 after the US market close (early morning Beijing time on November 3). The market will focus on the impact of memory cost pressure on gross margins and on iPhone Duo sales performance and supply improvements in the next quarter.

8. Tech journalist Gurman reports that Apple plans to phase out all non-touchscreen high-end MacBook Pro models in its existing laptop lineup when it launches the second-generation touchscreen MacBook Pro in 2027.

9. Google has launched a seven-part euro-denominated bond offering, including four-year, six-year, and 19-year tranches among seven varieties. This is the company's second euro bond issuance this year.

10. Morgan Stanley expects global data center IT capacity to increase from about 136 gigawatts (GW) at the end of 2026 to 316 GW by 2030, an increase of about 180 GW, with a compound annual growth rate of 23%.

11. Documents show that Anthropic plans to conduct a Japanese share offering worth up to $3.5 billion ahead of its Nasdaq listing.

12. The US has entered standard time. CME crude oil, gold, and US stock index futures trading hours have been adjusted to 07:00 Beijing time, while the US stock market open has been adjusted to 22:30 Beijing time.