Global Markets Reel as US-Iran Clash Ignites Oil, Bond Yields
02 September 2026 · Evening
Escalating conflict between the US and Iran sent international oil prices to a five-week high and triggered a sharp rise in global bond yields.
US 10-year Treasury yields hit their highest since November 2023, while Japan's 10-year yield breached 3% for the first time since 1996.
This geopolitical tension, coupled with inflation fears, led to a third consecutive day of declines for US equities, with the S&P 500 falling 0.71% and the Nasdaq down 1.03%.
The dollar strengthened to a seven-week high, though the Korean Won showed unique resilience among Asian currencies.
Escalating US-Iran conflict sent oil prices surging, triggering a widespread sell-off in global bond markets and pushing yields to multi-year highs.
Global Markets
Detail
S&P 500
Closed at 7,631.47 on September 1.
-0.71%
Nasdaq
Closed at 26,099.77 on September 1.
-1.03%
STOXX 600
Traded at 642.65 as of 19:43 KST on September 2.
-0.74%
Nikkei 225
Closed at 64,325.42 on September 2.
-2.85%
CSI 300
Closed at 4,547.96 on September 2.
-1.38%
KOSPI
Closed at 6,562.72 on September 2.
-3.99%
Hang Seng
Closed at 25,311.21 on September 2.
-0.07%
Dollar Index (DXY)
Closed at 99.86 on September 2.
+0.20%
USD/JPY
Closed at 159.90 on September 2.
-0.17%
EUR/USD
Closed at 1.16 on September 2.
-0.21%
USD/KRW
Closed at 1,365.99 on September 2.
-0.65%
USD/CNY
Closed at 6.72 on September 2.
+0.03%
US 10-year
Closed at 4.796% on September 1.
+4.2bp
US 2-year
Closed at 4.400% on September 1.
+5.4bp
Japan 10-year
Closed at 3.003% on September 2.
-0.2bp
Germany 10-year
Traded at 3.388% as of 19:43 KST on September 2.
+1.9bp
Korea 10-year
Closed at 4.404% on September 2.
+3.3bp
US HY Spread
Closed at 263bp on August 31.
+3.0bp
WTI
Closed at 90.36 on September 2.
+0.16%
Gold
Closed at 4,309.38 on September 2.
-0.44%
Copper
Closed at 6.54 on September 2.
-0.91%
VIX
Closed at 16.33 on September 1.
+9.38%
US-Iran Conflict Escalates
The US launched airstrikes against Iran's Islamic Revolutionary Guard Corps (IRGC) targets near the Strait of Hormuz, followed by Iranian retaliation against US assets in Iraq and Jordan.
WTI $90.36
Global Bond Yields Surge
Global bond yields soared, with the US 10-year Treasury yield hitting 4.8122%, its highest since November 2023.
US 10Y 4.81%
Australia's Strong GDP
Australia's Q2 real GDP grew 0.4% quarter-on-quarter and 2.1% year-on-year, exceeding Reuters' survey expectations of 0.3% and 1.8% respectively.
GDP +0.4% QoQ
RBNZ Hikes, Signals Gradual Pace
The Reserve Bank of New Zealand (RBNZ) raised its Official Cash Rate (OCR) by 25 basis points to 2.75%, aligning with market expectations.
OCR +25bp
Bank of Canada Holds Rates
The Bank of Canada (BoC) maintained its policy interest rate at 2.25%, a decision unanimously expected by economists.
Rate 2.25%
FX Option Market Trends
Bearish bets on EUR/USD intensified in the foreign exchange options market, with significant trading volume in October 1.1400 strike options.
EUR/USD Bearish
United States
US-Iran Conflict ResumesAirstrikes
The US military conducted overnight airstrikes on Iranian Islamic Revolutionary Guard Corps (IRGC) bases, destroying air defense systems, communication facilities, and naval assets.
Iran immediately retaliated with ballistic missiles and drones, targeting US facilities in Jordan, Bahrain, and Iraq.
This marks the end of a six-month stalemate, signaling a renewed cycle of confrontation and raising fears of a broader conflict.
Brent Crude Nears 5-Week High$95.40-$96.52
Brent crude oil prices rose by an additional 0.8-2% after a nearly 6% surge the previous day, reaching levels between $95.40 and $96.52 per barrel.
This places Brent crude near a five-week high, driven by concerns over potential supply disruptions in the Persian Gulf due to the escalating Middle East conflict.
The rising oil prices are a primary market concern, fueling fears of renewed global inflation and energy supply instability.
Global Bond Sell-off DeepensUS 10Y 4.81%
The US 10-year Treasury yield climbed to 4.81%, its highest level since November 2023, as global government bonds experienced a widespread sell-off.
Japan's 10-year yield also surpassed 3.00%, entering the 3% range for the first time in 30 years since 1996.
This surge in global bond yields tightens financial conditions, impacting mortgage and corporate lending rates, and highlights the burden of the US public debt, which has exceeded $40 trillion.
Asian Stocks DeclineNikkei -2.85%
Asian stock markets broadly declined, with Japan's Nikkei 225 falling 2.85% to 64,325.64, ending a nine-day winning streak for the TOPIX.
India's Nifty50 dropped 0.89% and the Sensex fell 0.79%, reflecting the dual pressure of rising oil prices and surging bond yields.
The market's downturn is attributed to heightened inflation concerns from escalating energy costs and the negative impact of rising bond yields on growth stock valuations.
Dollar Hits 7-Week HighDXY 7-week high
The US Dollar Index reached a 7-week high, trading near a two-week high, driven by safe-haven demand amidst geopolitical tensions and the attractiveness of higher US Treasury yields.
The Japanese Yen maintained levels above 160 per dollar, despite expectations of potential Bank of Japan rate hikes.
The New Zealand Dollar depreciated over 1% after the RBNZ's rate hike was perceived as dovish, while the Indonesian Rupiah accelerated its depreciation, nearing the 17,750 level.
Fed Chair Faces Hike PressureSeptember Hike?
Fed Chair Wash faces pressure to act on interest rates at the September 16 policy meeting, following his signals of potential hikes at the Jackson Hole symposium last week.
Markets are currently pricing in a 68% probability of a rate hike, putting the Fed in a policy dilemma.
Raising rates could highlight the Trump administration's responsibility for failing to curb inflation, while delaying could damage the Fed's independence and credibility.
Europe
European Gas Prices SoarTTF €73.08/MWh
European natural gas prices (Dutch TTF spot) surged to a 43-month high of €73.08/MWh, reaching €75.325/MWh during the day.
This increase is attributed to the renewed US-Iran conflict, which is stoking fears of broader energy supply disruptions.
Despite the price surge, European gas storage facilities are reported to be 65.39% full.
European Bond Yields ClimbUK Gilts 5.268%
UK 10-year Gilts rose to 5.268%, an 18-year high, while German 10-year yields reached 3.3763%, the highest since April 2011.
This widespread bond sell-off across Europe, now in its sixth consecutive trading day for the Eurozone, reflects renewed inflation and interest rate hike scenarios.
The surge in government borrowing costs adds pressure on UK Chancellor Healy ahead of his first budget announcement next month.
European Stocks at 1-Month LowSTOXX 600 -0.3%
The STOXX 600 index fell 0.3% to 645.42, pushing European equities to a one-month low.
The decline was primarily driven by the surge in Brent crude prices above $95 per barrel, which triggered preemptive selling in cyclically sensitive sectors like retail and transportation.
Rising energy costs and bond yields continue to weigh heavily on investor sentiment across the continent.
Germany Declares 'State Terrorism'Leipzig Attack
Germany officially classified the drone attack in Leipzig as 'state terrorism,' leading to strengthened sanctions against Russia.
EU foreign policy chief Kallas formally recognized the act, prompting the EU and member states to recall Russian ambassadors.
Germany closed Russian consulates and cultural centers and plans to impose sanctions on Russian individuals in the coming weeks.
DIW Upgrades German Growth2026 GDP 1.2%
The German Institute for Economic Research (DIW) upgraded its 2026 growth forecast for Germany to 1.2%, more than double its previous estimate of 0.5%.
This optimistic revision is based on strong exports and an easing of the energy shock from the Middle East.
While the economic forecast team described the outlook as 'optimistic,' they cautioned that the foundation remains 'unstable.'
German Income Tax Reform€10bn Reform
The German cabinet approved a €10 billion income tax reform package, scheduled for full implementation by 2028.
The reform aims to benefit low- and middle-income households and families with children.
A middle-class family with two children is expected to gain over €600 in additional disposable income annually.
Swedish Krona WeakensEUR/SEK +2.26%
The Swedish Krona weakened, with EUR/SEK rising 2.26% to its highest level since August 7.
Despite the Riksbank holding its key interest rate at 1.75% for the seventh consecutive time, stronger-than-expected summer inflation and growth figures are prompting speculation of an earlier rate hike.
Global inflation concerns are contributing to the pressure on the Krona, leading to a reevaluation of the Riksbank's monetary policy stance.
ECB Policymaker Signals HikesFurther Hikes
ECB policymaker Mahrouf indicated the possibility of further interest rate increases, stating that the decision next week would be within expectations.
However, he emphasized that the ECB is prepared for additional hikes if inflation develops in the 'wrong direction.'
Mahrouf also expressed expectations for a slight upward revision in the Eurozone's growth outlook.
Dutch Gas PricesJan 2023 High
Dutch gas prices reached their highest level since January 2023.
This surge followed intensifying strikes between the US and Iran.
UK Bond Yields18-Year High
British government bond yields hit a new 18-year high.
Rising oil prices contributed to the upward pressure on yields.
European Equities1-Month Low
European shares were pinned at a one-month low.
Flaring Middle East tensions and rising bond yields weighed on markets.
Eurozone Bond Yields6th Session Rise
Eurozone yields rose for a sixth consecutive session.
Persistent inflation fears continued to weigh on investor sentiment.
German Tax Reform€10 Billion
The German cabinet approved a €10 billion income-tax reform package.
Leipzig AttackState Terrorism
EU officials stated that the Leipzig attack bore hallmarks of state-sponsored terrorism.
The EU and some member states summoned Russian embassy officials over the drone attack.
Germany announced the EU would work on further sanctions against Russian individuals.
German Economic ForecastForecast Raised
DIW raised its German economic growth forecasts.
The revision came as exports reportedly beat expectations.
German Missile TestSuccessful Test
Germany successfully tested an Israeli ballistic missile.
RedditVLOP Designated
The EU officially designated Reddit as a 'Very Large Online Platform' (VLOP).
This designation, based on user scale, subjects Reddit to additional obligations under the Digital Services Act (DSA).
Reddit must comply with these new regulatory requirements within four months.
Japan
Japanese Government Bond Yields30-Year High
The 10-year Japanese government bond yield surpassed 3%, reaching a 30-year high.
The 2-year yield hit 1.84% and the 5-year yield reached 2.295%, both record highs.
Japanese investors recorded ¥3 trillion in net sales of overseas bonds this year, signaling capital repatriation.
Bank of Japan (BOJ) PolicyHawkish Shift
The BOJ signaled a strengthening of rate hikes, planning to abolish the semi-annual fixed regime from 2026 for flexible adjustments.
BOJ board member Takata is expected to vote for a rate hike at the September 17-18 meeting, suggesting consecutive hikes are possible.
The BOJ will discuss the likelihood of economic scenarios and inflation risks at the upcoming meeting.
Inflation RisksOvershoot Warning
The BOJ warned of inflation overshoot risks due to rising oil prices.
Global rate hike trends, expansionary fiscal policies, and Middle East geopolitical instability are driving bond yield increases.
US Pressure on BOJPolicy Independence
The US Treasury Secretary reportedly pressured the BOJ and Japan's finance minister to raise interest rates at the G20 meeting.
This raised concerns about the BOJ's policy independence, as markets priced in a September hike.
Japan's Prime Minister's expansionary fiscal policies may be constrained by US rate hike pressure.
Japanese EquitiesNikkei -2.95%
Japanese stocks fell, with the Nikkei 225 dropping 2.95% to 64,254.56, ending a nine-day winning streak.
The Topix also declined 2.37% to 4,082.89.
Rising oil prices from US-Iran tensions and increasing bond yields weighed on growth stocks.
Korea
KOSPI Performance-3.99%
The KOSPI closed down 3.99%, marking its lowest level in two weeks at 6,562.72.
This was the largest daily drop for the month, driven by escalating US-Iran conflict and global bond sell-off.
Foreign investors were net sellers, and rising government bond yields and surging oil prices fueled risk aversion.
Won Stabilization$20 Billion
South Korean FX authorities reportedly purchased $20 billion of the $26.5 billion raised by SK Hynix (000660) through its ADR listing.
This intervention aims to stabilize the Korean Won by absorbing a large inflow of foreign currency.
August CPIHeadline +3.1%
South Korea's August headline CPI rose 3.1% year-on-year (vs. 2.8% in July), slightly below market expectations of 3.2%.
Core CPI (excluding energy and food) surged 3.4% year-on-year (vs. 2.6% in July), a significant 0.8 percentage point increase.
A 26.7% jump in mobile communication fees, a one-off factor, contributed to a 6.5% rise in public service prices.
The Bank of Korea faces considerable pressure for further rate hikes due to the accelerating core inflation.
Bank of Korea OutlookCore Inflation Up
The Bank of Korea expects headline inflation to fall in September due to base effects.
However, the central bank anticipates the upward trend in core inflation to continue.
KRW/USD Exchange RateKRW 1374.5
The Won-Dollar exchange rate remained weak at 1374.5 amid the escalating US-Iran conflict.
Despite surging oil prices and a stronger dollar index, the Won maintained its weak trend due to robust demand.
Closing below 1379.3 is interpreted as a signal for continued short-term weakness.
Korea-Japan Supply ChainLNG & Carbon
South Korea and Japan held their first supply chain partnership meeting in Tokyo, agreeing to deepen LNG and carbon cooperation.
Both countries' industry ministries decided to strengthen cooperation on emergency supplies of LNG, crude oil, and petroleum products.
They will coordinate rules on carbon emissions and supply chain due diligence, including the EU Carbon Border Adjustment Mechanism.
President Lee Jae-myungUS-NK Dialogue
President Lee Jae-myung urged the resumption of US-North Korea dialogue and a transition from armistice to a peace regime on the Korean Peninsula.
He emphasized the need to create conditions for dialogue at a meeting of the overseas advisory committee on Korean Peninsula peace.
Lee advocated for transforming the armistice into a peace regime based on cooperation and prosperity, breaking the cycle of inter-Korean confrontation.
India
Indian EquitiesNifty -0.82%
Indian shares opened lower as escalating Iran-US conflict drove oil prices higher.
The Nifty 50 index closed down 0.82% at 23,858, while the Sensex fell 0.61% to 76,471.
Brent crude rose 1-2% to $95.4/barrel, raising concerns about India's oil import costs as a net importer.
All 16 major sectors, including oil-related stocks, saw declines, with small-cap and mid-cap indices also falling 0.4% and 0.5% respectively.
Indian Bond Yields10Y > 7%
India's 10-year bond yield surpassed 7% for the first time in three months, driven by global bond sell-off and rising oil prices.
The benchmark 6.94% 2036 government bond yield crossed 7% after opening, trading at 6.9883% (+3bp).
Global bond weakness, fueled by surging oil prices and US 10-year yields, spilled over to Indian bonds.
Fixed-income traders advised short-term buy/sell strategies due to increased volatility, expecting yields to fluctuate between 6.695% and 6.97%.
Indian Rupee DefenseNRI Deposits
The Reserve Bank of India (RBI) strengthened its defense of the Rupee, supported by inflows from non-resident foreign currency deposits.
ICICI Bank alone mobilized $17.88 billion through the Non-Resident Indian (NRI) foreign currency deposit scheme by end-August.
Despite an expected weaker opening for the Rupee at 95.02-95.06, the RBI has ample intervention capacity.
A Reuters poll suggests the Rupee will remain weak near 95 in the near term, with RBI regulations and NRI inflows providing "additional intervention capacity."
RBI Rate Hike Signal75bp Hike
Societe Generale revised its forecast, adding an extra 25bp hike to its previous 50bp projection for the RBI.
This new scenario expects a cumulative 75bp increase, bringing the repo rate to 6.00%.
The RBI is now expected to implement three 25bp hikes between year-end and March 2027, shifting from a previous no-further-hikes outlook.
Strong Q1 GDP growth and the Fed's hawkish stance are prompting the local monetary authority to pre-emptively raise rates.
Emerging Markets
EM Asset WeaknessMSCI EM Low
Emerging market assets experienced broad weakness as Middle East geopolitical tensions fueled rising oil prices and accelerated global bond sell-off.
Oil prices rose 1% after the largest US-Iran military clash in weeks, intensifying global inflation concerns from energy shocks.
Global bond yields reached multi-decade highs, reflecting investor worries about a tightening rate environment.
The MSCI Emerging Markets Index hit a weekly low, and the EM currency index saw its worst session in a month, down 0.2%, breaking a 10-day winning streak.
Asian EM Currencies & StocksPHP Record Low
Asian emerging market currencies and stocks weakened across the board.
The Philippine Peso hit a record low, while South Korea's KOSPI fell 3.6% and the MSCI EM Asia Index dropped 1.8%.
The Thai Baht reached a monthly low, and the Hungarian Forint hit a four-month low, prompting widespread position unwinding due to energy shocks.
Philippine Central Bank (BSP)FX Intervention
The Philippine Central Bank (BSP) intervened in the foreign exchange market.
The intervention aims to stabilize disorderly currency fluctuations and prevent accelerating inflation.
Thailand Economic Growth2026 Forecast Up
Thailand's 2026 economic growth forecast was raised by 0.5 percentage points, driven by strong exports and investment.
The GDP growth forecast was revised from 1.6-2.0% to 2.1-2.5%.
The 2026 export growth forecast was significantly upgraded from 8-10% to 12-16% due to unexpected export increases and expanded private investment.
Russia Economic OutlookGDP Forecast Up
Russia's 2026 GDP growth forecast was raised from 0.4% to 0.6%.
Bank profit expectations were also upgraded from 3.4-3.9 trillion rubles to 3.9-4.4 trillion rubles, after banks recorded 2.8 trillion rubles in net profit in H1.
Saudi Arabia Sukuk Issuance$3.25 Billion
Saudi Arabia successfully issued $3.25 billion in Sukuk despite Middle East tensions.
The issuance included a $1.25 billion 5-year tranche (70bp over US Treasuries) and a $2 billion 10-year tranche (80bp over US Treasuries).
The offering was oversubscribed due to strong demand, marking the second bond issuance of 2026 and the first since the escalation of Iran tensions.
Indonesia B50 Fuel Blend80% Adoption
Indonesia will continue its B50 fuel blend (50% palm oil-based diesel, 50% regular diesel) until 2027.
The blend achieved an 80% adoption rate since its introduction in July.
This initiative aims to reduce reliance on imported fuel and curb rising energy costs.
Saudi Tanker Attack2 Crew Dead
A Saudi-owned tanker, SIDR, belonging to state shipping firm Bahri, was hit by three unidentified projectiles on August 31 while passing through the Strait of Hormuz.
Two Filipino crew members died in the attack, which is linked to Iranian threats against unauthorized vessels.
Central European CurrenciesForint Multi-Month Low
Central European currencies weakened, and bond yields surged.
The Hungarian Forint hit a multi-month low, while Czech and Polish 10-year bond yields reached three-year highs.
Concerns over the economic impact of energy price shocks and divergent monetary policies among major central banks strengthened the dollar.
Russia Power of Siberia 2Renamed Baikal
Russia's Power of Siberia 2 pipeline, supplying gas to China, was renamed "Power of Baikal" by President Putin's directive.
The project is entering its final construction phase.
Details on other changes to the project elements were not disclosed.
South African Rand (ZAR)Stable
The ZAR/USD pair traded near its previous close at 16.1625.
The currency remained steady despite rising oil prices, reflecting inflation and rate hike concerns ahead of US employment data.
Philippine Peso (PHP)Record Low
The Philippine peso hit a record low against the dollar.
The currency was battered by the oil shock and a broader bond market rout affecting Asian assets.
Middle East Tensions EscalatingOil Fuels Rout
Fighting in the Middle East intensified, fueling a surge in oil prices and a bond market rout.
A Saudi shipping company, Bahri, reported two sailors killed in an incident in Hormuz.
Ukraine Conflict UpdatesPower Cuts
Russian attacks cut power in the Odesa region, marking the seventh day of strikes on Kyiv.
Ukrainian President Zelenskiy stated that Ukrainian drones have effectively closed Russian airspace.
Central & Eastern EuropeForint Hurt
Fuel price fears negatively impacted the Hungarian forint and bond yields across CEE markets.
Russia Economic Forecasts+0.2% GDP
Russia's central bank raised its forecast for banks' 2026 profits.
The economy ministry increased the 2026 GDP growth forecast to 0.6% from 0.4% previously.
Russia Energy PolicyPipeline Renamed
President Putin renamed the planned 'Power of Siberia 2' pipeline to 'Power of Baikal' pipeline.
China
Chinese Equities & YuanCSI 300 -1.7%
Chinese stocks weakened, and the yuan depreciated amid rising global bond yields and strong oil prices.
The CSI 300 index fell 1.7%, the Shanghai Composite dropped 1.2%, while the Hong Kong Hang Seng index closed flat.
The yuan weakened 0.03% to 6.7225 per dollar as the US 10-year Treasury yield reached a 2023 high, strengthening the dollar.
G20 Joint Statement FailsChina Opposes
A G20 joint statement failed due to escalating US-China trade disputes.
The Trump administration secured agreement from 11 G20 finance ministers on text condemning China's non-market policies, but China alone opposed it.
China's foreign ministry expressed regret, citing violations of G20 principles of consensus, equal participation, objectivity, and fairness.
Xi Jinping Visits EgyptInfluence Boost
President Xi Jinping visited Egypt for the first time in 10 years, aiming to expand China's influence in the Middle East.
Egyptian President Al-Sisi welcomed Xi with military honors at the Ittihadiya Presidential Palace.
China is strengthening its diplomatic and economic ties with Middle Eastern nations as they reassess security relationships with the US amid regional instability.
Evergrande Founder Hui Ka YanClaim Rejected
The Hong Kong High Court rejected Evergrande founder Hui Ka Yan's claim for HK$1.2 million (approx. $153k) in legal costs.
Liquidators are proceeding to recover a total of $6 billion in dividends and remuneration from Hui's personal assets.
Evergrande's total debt of approximately $300 billion remains largely in default.
Top Gainers
Detail
CrowdStrike Holdings (CRWD)
Cybersecurity firm saw strong daily gains.
+5.77%
Tesla (TSLA)
Electric vehicle maker rebounded despite mixed European registration data.
+5.51%
SanDisk (SNDK)
Storage technology company posted solid daily performance.
+5.50%
Coinbase Global (COIN)
Cryptocurrency exchange platform experienced a significant rise.
+5.31%
Schlumberger (SLB)
Oilfield services giant recorded strong gains.
+4.83%
Deere (DE)
Agricultural and construction machinery manufacturer saw a positive movement.
+3.90%
Qualcomm (QCOM)
Chipmaker for mobile devices and other industries performed well.
+3.83%
Ulta Beauty (ULTA)
Beauty retailer's stock climbed.
+3.79%
CF Industries (CF)
Fertilizer and chemical company showed robust growth.
+3.37%
F5 Networks (FFIV)
Application delivery networking company posted gains.
+3.27%
Companies
Amazon (AMZN)-3.00%
The FTC and over 20 state attorneys general filed a lawsuit against Amazon.
The suit alleges the company unfairly manipulated advertising auction prices to boost its profits.
Amazon has fully denied the allegations and intends to contest the lawsuit.
Apple (AAPL)-0.89%
Tim Cook will transition from CEO to Chairman, with John Turnus promoted to CEO.
This leadership change comes as Apple faces scrutiny for lagging in the AI competitive landscape.
The new CEO is tasked with addressing challenges including Vision Pro sales, Siri's delayed revamp, and AI strategy.
Eli Lilly (LLY)Acquisition Confirmed
Confirmed the acquisition of Merida Biosciences for up to $2.88 billion in cash.
The deal is set to close in Q4, aiming to expand Eli Lilly's autoimmune and allergy treatment pipeline.
The acquisition of AtaiBeckley is also nearing completion after receiving antitrust and regulatory approvals.
Micron Technology (MU)+2.77%
Micron's Taiwan union, representing over two-thirds of its workforce, threatened a strike.
The union demands a one-time bonus and a quarterly bonus tied to 15% of operating profit.
Taiwan is Micron's largest manufacturing base, raising concerns about potential disruption to the memory chip supply chain amidst an AI-driven market boom.
Amgen (AMGN)-0.59%
The UK regulator announced a halt to new prescriptions for Amgen's rare disease drug Tavneos (avacopan).
The decision cites concerns over the reliability of clinical trial data, questioning the drug's efficacy and benefit-risk profile.
The regulator also indicated plans to pursue the withdrawal of the drug's approval in the UK.
Tesla (TSLA)+5.51%
August European registrations showed mixed results, with significant increases in France (+279%) and Denmark (+104%).
However, registrations sharply declined in Norway (-79%) and Sweden (-41.4%).
An Australian court is considering granting an independent expert access to Tesla's engineering systems for a class action lawsuit regarding phantom braking and exaggerated autonomous driving claims.
Alphabet (GOOGL)-2.09%
Google signed a long-term agreement with geothermal energy company Fervo Energy.
The deal secures approximately 400 megawatts of power from a new Utah geothermal facility.
This initiative is part of Google's broader strategy to secure reliable power for its AI data centers.
Nvidia (NVDA)+1.48%
Nvidia invested $3.5 billion in MediaTek convertible bonds, with MediaTek adopting Nvidia's NVLink Fusion platform for its custom XPUs.
Nvidia also secured a $35 billion cloud infrastructure deal with Anthropic, supplying AI accelerator chips for its Texas data center and leasing the facility.
This strategy signals Nvidia's expanding role beyond chip supply to include cloud infrastructure operations.
Microsoft (MSFT)-1.22%
The company's target price was raised from $500 to $600.
Oracle (ORCL)-1.15%
The company's target price was cut from $300 to $240.
UnitedHealth Group (UNH)-0.90%
UnitedHealthcare announced a significant reduction in prior authorization requirements, starting October 1.
Requirements will be reduced by 30% across various specialties, aiming for a 70% reduction for rural and critical access hospitals from November 1.
The program also includes a 50% acceleration of payment processing for rural healthcare providers.
Thermo Fisher Scientific (TMO)-0.82%
The company's target price was raised from $660 to $690.
Cisco Systems (CSCO)+0.51%
The company received new analyst coverage with a Buy rating.
A target price of $135 was set.
AMD (AMD)AI Infra Deal
AMD is partnering with Cisco and HUMAIN to develop up to 1 gigawatt of AI infrastructure in Saudi Arabia by 2030.
The project plans to deploy 250 megawatts starting in 2027, utilizing AMD Instinct systems.
Lockheed Martin (LMT)7-Year Contract
Secured a 7-year long-term contract with the Pentagon and General Dynamics.
The agreement will triple PAC-3 missile production and quadruple THAAD missile production.
Meta (META)$18B Settlement
Reached an $18 billion multistate settlement concerning child safety on its platforms.
The settlement mandates the introduction of new age verification procedures for minor users.
SpaceXLaunch Adjusted
An oxidizer leak was identified in the Dragon spacecraft's propulsion system.
NASA is currently adjusting the launch schedule for the ISS Crew-13 mission due to this issue.