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      US pre-market briefing: International oil prices rise across the board; Musk says only 3 companies have enough programming training data

      PANews, October 12 - Ahead of the US market open, here are the key market and financial news items investors should focus on:

      1. The three major US stock index futures were mixed. Dow Jones futures rose 0.09%, S&P 500 futures rose 0.02%, and Nasdaq 100 futures fell 0.26%.

      2. International oil prices rose across the board. WTI crude futures rose 1.78% to $93.483 per barrel; Brent crude futures rose 1.64% to $106.434 per barrel.

      3. Both international gold and silver spot prices fell. Spot gold fell 0.79% to $4,161.34 per ounce; spot silver fell 0.44% to $60.52 per ounce.

      4. The three major European stock indices all rose. The UK's FTSE 100 rose 0.83%, France's CAC 40 rose 0.49%, and Germany's DAX 30 rose 0.82%.

      5. Apple's Chief Operating Officer said the team has been advancing manufacturing and development for its first foldable phone, the iPhone Duo, and is currently scaling up production in line with Apple's usual high quality standards.

      6. Musk said that building truly excellent AI requires massive amounts of training data, and programming must be mastered. Only three institutions have enough programming training data: OpenAI, Anthropic, and Cursor under SpaceX, with Google barely making the cut.

      7. Tesla's second-generation Roadster is set to be released on Thursday, and market rumors suggest the sports car will feature hovering flight capabilities.

      8. Broadcom's CEO said AI computing demand will exceed supply over the next two years, but most companies are not seeing returns on their AI computing investments.

      9. Cloud computing service provider IREN rose more than 4% in pre-market trading, amid reports that the company has reached a multi-year cloud agreement with Anthropic.

      10. Bernstein expects roughly 1,000 terawatt-hours of new US electricity demand between 2025 and 2030. Data centers are expected to account for more than half of the new load.

      11. The 2026 Nobel Prize in Economics has been announced: Stanford University economist Robert E. Hall and Columbia University economist Michael Woodford won the award for their research on the microeconomic foundations of macroeconomic stability.


      Source: PANews
      .

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