Dow Futures contract was down 5 points, or 0.1%, the S&P 500 Futures contract was down 2 points, or 0.1%, and the Nasdaq 100 Futures contract was down 12 points, or 0.1%.
- Stock futures point lower; budget stand-off warnings – what’s moving markets
- HP Inc. Shares Decline After Warren Buffett’s Berkshire Trims Stake
- Due to a slowdown in semiconductor demand, TSMC’s 2nm chip production may be delayed until 2026.
- Gold prices continue to fall as hawkish Fed fears persist.
- Crimson Tide shares dip amid client’s administration woes, optimistic outlook persists
- Dow futures slip marginally lower; hawkish Fed, budget woes weigh
- Dollar retains strength after hawish Fed; Yuan struggles with property woes
- Crucial week in U.S. budget stand-off begins as possible government shutdown looms
- US to provide up to $522 million for Ukraine’s energy system
- Amazon to invest up to $4 billion in Anthropic amid AI arms race
- IPO market boom continues with 72 companies launching this year
- Qualcomm to unveil two variants of Snapdragon 8 Gen 3 chipset next month
- Lumi Rental Co. shares surge 30% in trading debut following $290 million IPO
- Striking Hollywood writers have reached a tentative agreement with companies.
- Kering’s Gucci stock rises following the successful debut of its creative director.
- SoftBank Corp. plans to raise more than $800 million through bond-like class shares – Bloomberg News
- The Federal Reserve maintains its key interest rate, while investors deal with market turbulence.
- Striking Hollywood writers have reached a tentative agreement with companies.
- Oracle invests over $100 million in Ampere chips.
- Goodyear Tire to lay off 700 workers and sell retail shops in Asia Pacific.
- Spinneys Dubai, a supermarket franchisee, intends to go public in 2024.
GLOBAL NEWS
- Singapore CPI inflation fell slightly in August, although core inflation fell.
- Singapore’s core inflation rose 3.4% in August, with signs of slowing.
- European stocks mixed; German Ifo survey due
- High interest rate sentiment weighs on Wall Street and Australian markets
- Japan to compile economic package to ease inflation pain
- Slump in UK retail sales eases in September, CBI says
- Evergrande debt setback, Oceanwide blow rattle China property stocks
- Australian casino group Star Entertainment to raise $481 million in equity
- TSMC’s 2nm chip production potentially delayed amid global semiconductor slowdown
- Updater Services launches IPO aiming to raise Rs 640 crore
- SoftBank Corp to raise $800 million via bond-type class shares – filing
- The slowing of inflation brings relief to central banks in the United States and the European Union.
- Ghana will keep interest rates at 30.00% on September 25 as inflation declines, according to a Reuters poll.
- Striking Hollywood writers have reached a tentative agreement with companies.
- Heiwado shares have risen as a result of updated earnings projections and solid first-quarter performance.
- The US sanctions authority has delayed KFC’s pullout from Russia – franchise owner
- Gold prices continue to fall as aggressive Fed fears remain.
- Thailand’s central bank will freeze rates in September after seven consecutive raises, according to a Reuters poll.
- India’s trillion-dollar bond market is bracing for a surge of foreign capital.
- Asian stocks fall, while China falls due to concerns about the housing sector.
- Qantas warns that rising fuel costs may have an impact on fares.
- Evergrande shares fell as the company announced it would be unable to issue more debt.
- SoftBank Corp. plans to raise more than $800 million through bond-like class shares – Bloomberg News
- Thailand’s central bank will freeze rates in September after seven consecutive raises, according to a Reuters poll.
- Unifor members in Canada vote in support of the Ford contract.
- Italy criticizes Germany for sponsoring migrant aid organizations.
- Italy criticizes Germany for sponsoring migrant aid organizations.
- China’s central bank adviser suggests structural measures to boost the economy.
- China’s official asset management planned a $14 billion emerging industries fund, according to a report.
- Thailand expects Tesla, Google, and Microsoft to contribute $5 billion, according to the prime minister.
Economic data
- S&P Global September flash composite PMI at 50.1 vs 50.2 in August.
- S&P Global September flash services PMI at 50.2 vs 50.5 in August.
Global Economic Data
- EU Commissioner Dombrovskis warns about new areas of concern in EU relations with China; his 4-day visit to China aims to confront the unbalanced dealings between the 2; EU wants to maintain a trading relationship with China but address certain aspects of the relationship – FT.
Economic Calendar
· 8:30 AM ET National Activity Index for August
· 10:30 AM ET Dallas Fed Manufacturing for September
· 6:00 PM ET Fed’s Kashkari Speaks
Other Key Events
· DA Davidson 22nd Annual Diversified Industrials & Services Conference, 9/20-9/22, in Nashville, TN
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