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Golden Ten Data May 4｜US stock storage concept stocks rose in pre-market trading, with Micron Technology, SanDisk, and Seagate Technology up over 3%, and Western Digital up 1.5%.

Golden Ten Data reported on May 4th that Phil Smith, Deputy Chief Economist at S&P Global Market Intelligence, stated: Panic buying to secure supply, driven by concerns over future price increases and shortages, continues to support Germany’s output and new orders. This advance activity could lead to some pullbacks in the coming months. While we are seeing strong growth in new orders for intermediate goods (i.e., products used in the production of other goods) manufacturers, demand for consumer goods has clearly declined. The number of businesses now expecting activity to fall over the next year exceeds those expecting growth. There are concerns that soaring inflationary pressures and the resulting squeeze on purchasing power will dampen demand, with producer price inflation in April surging to its highest level in over three years. Meanwhile, as supply delays have reached levels not seen since mid-2022, there is a risk that production could be cut back regardless of demand conditions.

BlockBeats News, May 4, according to Bitget market data, WTI and Brent crude oil both rose amid fluctuations. WTI crude oil increased by over 2.00% intraday and is now quoted at $104.22 per barrel; Brent crude oil rose 0.43% intraday, surpassing $108 per barrel, having previously fallen by over 2%. In terms of news, media sources report that the U.S. "Hormuz Operation" will begin within hours. Meanwhile, the spokesperson of the Iranian Ministry of Foreign Affairs stated that current discussions about uranium enrichment are just speculation. Our current negotiations do not include other matters, only ending the war. We are holding talks with Oman, and it is necessary to develop a protocol for the safe passage of ships through the Strait of Hormuz.