BOJ Signals Rate Hike, Yen Surges; Oil Jumps on Mideast Tensions
03 September 2026 · Evening
The Bank of Japan is reportedly considering a 0.25% policy rate hike in September, triggering a significant strengthening of the yen against the dollar.
Geopolitical tensions escalated as a US-Iran conflict reignited, driving WTI crude oil prices higher.
India saw a massive $136.4 billion foreign exchange inflow, boosting the rupee to a two-month high, though its Q2 GDP growth faces statistical reliability concerns.
Meanwhile, Eurozone producer prices rose more than expected, while Swiss economic growth and inflation also surprised to the upside.
Emerging market currencies, led by the Korean Won and MSCI EM currency index, reached new highs, signaling a potential shift in global financial flows.
Global Markets
Detail
S&P 500
Closed at 7,666.60 on September 2nd.
+0.46%
Nasdaq
Closed at 26,217.83 on September 2nd.
+0.45%
STOXX 600
Trading at 646.52 as of 19:42 KST on September 3rd.
+0.09%
Nikkei 225
Closed at 64,214.26 on September 3rd.
-0.17%
CSI 300
Closed at 4,552.58 on September 3rd.
+0.10%
KOSPI
Closed at 6,579.48 on September 3rd.
+0.26%
Hang Seng
Closed at 25,213.31 on September 3rd.
-0.39%
Dollar Index (DXY)
Closed at 99.26 on September 3rd.
-0.32%
USD/JPY
Closed at 156.41 on September 3rd.
-1.44%
EUR/USD
Closed at 1.16 on September 3rd.
+0.10%
USD/KRW
Closed at 1,358.78 on September 3rd.
+0.01%
USD/CNY
Closed at 6.72 on September 3rd.
-
US 10-year Yield
Closed at 4.780% on September 2nd.
-1.6bp
US 2-year Yield
Closed at 4.371% on September 2nd.
-2.9bp
Japan 10-year Yield
Closed at 2.969% on September 3rd.
-3.3bp
Germany 10-year Yield
Trading at 3.366% as of 19:42 KST on September 3rd.
-0.7bp
Korea 10-year Yield
Closed at 4.363% on September 3rd.
-4.1bp
US HY Spread
Closed at 265bp on September 1st.
+2.0bp
WTI
Closed at 92.77 per barrel on September 3rd.
+1.93%
Gold
Closed at 4,425.69 on September 3rd.
+0.78%
Copper
Closed at 6.60 on September 3rd.
+0.05%
VIX
Closed at 15.19 on September 2nd.
-6.98%
Australia's Trade Surplus Narrows
Australia's July goods trade surplus narrowed to A$1.9 billion, down from A$2.3 billion in June but exceeding market expectations of A$1.45 billion.
A$1.9B
IMF Warns on Developing Country Debt
IMF Managing Director Kristalina Georgieva warned that high bond yields pose problems for both developed and low-income countries.
High Bond Yields
Australia's Aged Care Funding Concerns
The Australian government increased the starting price for aged care support from A$295.64 to A$303.19 per day per bed, effective October.
2-Year Low
Australia-US Defense Ties Strengthen
Australia and the US announced strengthened defense cooperation to counter China's expanding influence in the Pacific region.
Increased Presence
Israel-Hezbollah Flashpoint
The Ali al-Taher ridge in southern Lebanon's Nabatieh region emerged as a major flashpoint in the Israel-Hezbollah conflict.
Strategic Ridge
Japan
BOJ Considers 0.25% Rate Hike0.25% Hike
Officials are reportedly discussing raising the policy rate from 1% to 1.25% at the September 17-18 meeting.
This move aims to address upward price risks, with flexibility on future rate paths.
Yen Strengthens Sharply-2.5% Yen
The Japanese yen surged from 160.39 to 156.36 against the dollar, a 2.5% appreciation, driven by hawkish BOJ expectations.
FX options market volatility spiked to near July intervention peaks.
MOF Warns on Yen MovesVigilance
Japan's Vice Finance Minister Mimura expressed caution regarding recent yen movements, stating it's too early to be reassured.
This signals increased official scrutiny amid debate over intervention vs. market expectations.
Japanese Investors Sell Foreign Bonds-¥824B Foreign Bonds
For the second consecutive week, Japanese investors net sold 824 billion yen (approx. $5.2 billion) in foreign long-term bonds.
This shift is attributed to rising JGB yields, which exceeded 3% for the first time since 1996.
JGB Yields Remain High10Y 2.965%
The 10-year JGB yield was 2.965% and the 30-year yield was 4.095%, remaining at elevated levels after breaking the 3% psychological barrier.
The 2-year yield slightly declined to 1.85% due to futures repurchase demand near the BOJ's policy rate.
Nikkei 225 Hits One-Month Low-0.17%
The Nikkei 225 fell 0.17% to 64,214.48, marking its fourth consecutive day of decline and a one-month low.
Uncertainty over rates and FX led to risk aversion, though Topix rose 0.5%.
Services PMI at 5-Month High52.5 PMI
Japan's August Services PMI rose to 52.5 from 51.2 in July, indicating expansion driven by strong domestic demand.
However, exports contracted for the fifth consecutive month.
Middle East
US-Iran Conflict Escalates18 Civilian Deaths
Iran reported at least 18 civilian deaths, including wedding guests, from recent US airstrikes.
The UN Secretary-General urged a diplomatic solution amid concerns over civilian casualties.
Oil Prices JumpWTI +1.93%
WTI crude oil rose 1.93% to $92.77 per barrel, reflecting a geopolitical risk premium as the conflict entered its seventh month.
Gold prices also increased 0.78% to $4,425.69, supporting safe-haven demand.
Gulf Equities UpDubai Up
Despite conflict worries, Gulf stock markets, including Dubai, closed higher.
This was primarily driven by strong growth indicators from the UAE and Saudi Arabia.
Emerging Markets
India Attracts $136.4 Billion FX Inflow$136.4B Inflow
A special foreign currency mobilization program by the RBI, launched in June, significantly exceeded expectations.
Non-resident Indian (NRI) deposits accounted for $127.2 billion of the total.
Rupee Hits 2-Month HighRupee High
The massive inflow boosted the Indian Rupee to 94.30 per dollar, a two-month high, strengthening by approximately 1% from the previous day's 94.97.
This enhanced the RBI's capacity for currency defense.
Q2 GDP Growth Debated7.8% GDP
India's Q2 GDP grew 7.8% year-over-year, surpassing expectations of 7.1%, driven by investment, manufacturing, and consumption.
However, former officials and central bank governors raised concerns about statistical overstatement.
Bank Liquidity Reaches Record9.7T Rupees
Bank liquidity reserves hit a new record of 9.7 trillion rupees, the highest since September 2021.
This led to a 2.5 basis point drop in benchmark bond yields and an 8-10 basis point fall in 5-year yields.
Services Activity Accelerates54.1 PMI
India's August Services PMI rose to 54.1 from 53.3 in July, indicating accelerated activity.
New demand, however, remained near a four-year low, while employment grew at its fastest pace in a year.
Alipay+ UPI Linkage HaltedSecurity Concerns
A proposal to link Alipay+ with India's UPI instant payment system was put on hold due to national security concerns.
Indian law enforcement cited risks of data leakage and money laundering.
India Rupee and Forex Inflows+$136B
India attracted a bumper $136 billion in forex inflows, bolstering the rupee's defense.
Non-resident Indian (NRI) deposits of $127 billion provided the RBI with more firepower, setting the rupee up for a rally.
However, the rupee rally paused as oil risks spurred importer demand, and Indian shares were muted as oil worries offset banking gains.
India's Economic DevelopmentsAll-time Peak
A flood of dollar deposits drove India's bank liquidity surplus to an all-time peak.
Concerns were raised regarding India's strong GDP growth.
India stalled a proposal to link with Alipay+ payments over national security and data protection concerns.
Russia's Oil and Gas Revenue Plunge-54.6%
Russia's August oil and gas revenue dropped to 42.4 billion rubles, a 54.6% decrease from 93.4 billion rubles in July.
This historic decline is attributed to contracting energy exports and surging defense spending amid the Ukraine war.
The budget deficit reached 2.8% of GDP from January to July, and the government reduced daily forex and gold purchases by two-thirds.
Turkey's Persistent InflationCPI +31.51% Y/Y
Turkey's August consumer price inflation remained high at 31.51% year-on-year, with producer prices up 27.95% year-on-year.
Monthly consumer prices rose 1.84%, while producer prices increased 2.57%.
Rising oil prices and increases in education, alcohol, and tobacco sectors continued to exert upward pressure on inflation.
Geopolitical Tensions in Middle East and Europe18 Dead
US airstrikes in Iran resulted in 18 deaths and 108 injuries, including 4 deaths at a wedding hall, raising UN concerns over civilian casualties.
Norway seized the Russian icebreaker 'Professor Molchanov' in Svalbard waters to enforce a $4.22 billion claim by Ukraine's Naftogaz.
These incidents mark some of the largest engagements in the seven-month conflict, with military tensions escalating since July.
Emerging Market Currency StrengthRecord High
The MSCI Emerging Markets Currency Index hit an all-time high, gaining 0.4%, driven by a weaker dollar and falling long-term US Treasury yields.
The Korean won reached a 14-month high, while the Malaysian central bank held its policy rate at 2.75% for the seventh consecutive meeting.
Thailand's central bank also maintained its benchmark rate at 1.00%, stating further rate cuts are currently inappropriate despite having room.
EM Asia Currencies and Equities Surge+0.4% Index
Emerging Asian currencies and stock markets reached record or near-record highs during intraday trading.
This surge is attributed to a weaker dollar and increased investor preference for South Korean assets with high semiconductor exposure, driven by AI trading.
The Emerging Market currency index recorded an all-time high, gaining between +0.3% and +0.4%, supported by dollar weakness and US long-term yields moving away from multi-year highs.
Regional Market Performance HighlightsKRW 14-Month High
The Korean Won approached a 14-month high against the dollar.
Singapore's Straits Times Index (STI) reached an all-time high, and Indonesian stock prices hit their highest level since mid-May.
Malaysia's central bank maintained its benchmark interest rate as expected, leading to stable performance for the Malaysian Ringgit and local stocks.
Europe
Swiss Economy Hits 5-Year HighGDP +1.9% Q/Q
Switzerland's Q2 GDP grew 1.9% quarter-over-quarter, its highest in five years, significantly exceeding the 1.6% forecast.
Growth was driven by strong performance in the chemical and pharmaceutical sectors.
Swiss Inflation DoublesCPI +0.8% Y/Y
Swiss August inflation doubled to 0.8% year-over-year from 0.4% in July, surpassing the 0.5% forecast.
Surging oil prices, up 25% year-over-year for petroleum products, were the primary driver.
Eurozone Bond Selloff PausesBund Yields Stable
The selloff in Eurozone bonds halted after six days, with German 10-year Bund yields stabilizing near 15-year highs.
Easing gas prices temporarily alleviated inflation concerns.
Eurozone PPI Exceeds ForecastsPPI +5.8% Y/Y
Eurozone July producer prices rose 5.8% year-over-year and 1.6% month-over-month, both exceeding market expectations of 5.3% and 1.2%, respectively.
German Growth Forecasts Upgraded2026 GDP +1.4%
Leading German economic institutes raised their 2026 growth forecasts to 1.3-1.4%, up from 0.8% previously.
Strong H1 statistics, increased fiscal spending, and robust export demand offset energy price shocks.
German Firms Face China Pressure66% Firms Affected
Two-thirds of German companies, and 83% in the industrial sector, reported increased pressure from Chinese competitors.
Over half support stronger EU trade measures.
UK Services PMI Expands52.5 PMI
The UK's August Services PMI rose to 52.5 from 52.1 in July, marking the highest level since April and signaling improved business confidence.
However, intensifying cost pressures suggest potential inflation challenges for the central bank.
Eurozone Services Activity WeakensPMI 51.6
Eurozone services PMI fell to a two-month low of 51.6 from 51.7, with significant regional disparities.
France's services sector contracted to 48.0, while Germany's was near the breakeven point at 49.7.
UK Sells Inflation-Linked Bonds2.496% Yield
The UK government issued inflation-linked gilts with a 2049 maturity at a real yield of 2.496%, the highest since April 2001.
This reflects rising long-term borrowing costs.
European Luxury Stocks DeclineLVMH -2.5%
European luxury sector stocks, including LVMH (-2.5%), fell to a three-month low.
This indicates a loss of recovery momentum amid weakening demand forecasts and structural weaknesses in tourism and consumer confidence.
Norway Seizes Russian Ship$4.2B Claim
Norway detained the icebreaker 'Professor Molchanov' in Svalbard to enforce a $4.2 billion claim by Ukrainian energy firm Naftogaz.
The claim relates to assets seized by Russia during the 2014 annexation of Crimea.
United States
Risk-On Sentiment Ahead of Jobs DataS&P +0.46%
S&P 500 and Nasdaq rose 0.46% and 0.45%, respectively, indicating continued risk-on sentiment ahead of upcoming US employment figures.
Treasury Yields Decline Slightly10Y -1.6bp
The US 10-year Treasury yield edged down to 4.780%, while the 2-year yield decreased to 4.371%.
FOMC Rate Hike Probability66% Hike
Futures markets are pricing in a 66% probability of a rate hike at this month's FOMC meeting.
This reflects persistent inflation pressures and expectations for monetary policy normalization.
Fed Rate Hike Probability Surges67% Chance
The probability of a September Fed rate hike surged from 37% last week to 67%, according to CME futures markets.
US 10-year Treasury yields fell 3 basis points to 4.766%, leading a simultaneous rally in global stocks and bonds.
The upcoming non-farm payrolls (NFP) report and statements from Fed officials are expected to be key determinants for the final rate decision.
Yen Rallies, JGB Yields Ease+2% in 2 Days
The Japanese yen rallied 2% over two days, reaching a three-week high, marking its largest gain since early August intervention.
Japanese government bond (JGB) yields retreated from historical highs, easing some tension in the bond market.
Future JGB auctions will be closely watched for further market signals.
Oil Prices and Inflation ConcernsAbove $90
Escalating military clashes between the US and Iran kept oil prices above $90, reigniting global inflation concerns.
The sustained rise in oil prices provides additional justification for the increased probability of a Fed rate hike.
Geopolitical risk premiums continue to influence commodity markets.
NFP Poses FX Volatility RiskHighest Since July
The upcoming non-farm payrolls (NFP) report poses the highest foreign exchange volatility risk since the July 29 Fed policy decision.
The volatility risk premium in the ultra-short-term FX options market reached its highest level since that date.
While markets anticipate significant FX movements from NFP, the absolute level of the premium is not yet at extreme levels.
Government Shutdown AvertedSigned Bill
President Trump signed a bill to avert a government shutdown, extending current spending until December 11.
The bill passed the House with a vote of 370-48, removing a political variable ahead of the midterm elections.
This action temporarily resolves the funding crisis that was set to expire on October 1.
Apple (AAPL)CEO Change
Tim Cook is stepping down as CEO after 15 years, with John Ternus taking over the leadership role.
Phil Schiller, who oversaw the App Store and product events, also retired from his position.
Amazon (AMZN)-3.00%
The FTC and 22 states have filed a lawsuit against Amazon, alleging the company secretly manipulated ad auction prices.
This alleged scheme led to overcharging advertisers, causing the stock to drop 3% immediately after the news broke.
Palo Alto Networks (PANW)Mixed Q4
The company reported Q4 adjusted EPS of $1.02, exceeding the consensus of $0.98, and revenue of $3.41 billion, above the $3.35 billion consensus.
However, it recorded a GAAP pre-tax loss of $269 million and a net loss of $282 million, likely due to costs from the Console AI security platform acquisition.
Palo Alto Networks also provided FY27 revenue guidance of $14.1-$14.2 billion, with its stock down 1.7% in pre-market trading.
Berkshire Hathaway (BRK.B)Buffett-led
CEO Greg Abel confirmed that Warren Buffett initiated the $10 billion investment in Alphabet (GOOGL) in May.
Abel noted that AI data centers present an opportunity for Berkshire Hathaway Energy, its energy subsidiary.
Chevron (CVX)$7B Investment
Chevron plans to invest over $7 billion in Venezuela over the next five years, aiming to increase daily production to 600,000 barrels.
The company secured additional development rights for the Carabobo 1 and Carabobo-2-South-A fields in the Orinoco Belt, with production costs estimated under $20 per barrel.
This expansion is part of broader agreements with international energy firms like ENI, KEO Capital, and Primavera.
China
Carbon Emissions Decline-1% in Q2
China's carbon emissions decreased for the first time in history, falling 1% in the second quarter.
This decline was primarily driven by rapidly weakening oil demand.
Electric vehicle adoption contributed approximately one-third to the reduction in oil consumption.
Opposition to G20 Trade DiscussionsOpposes 'Protectionism'
China opposed discussing trade imbalances and overcapacity issues at the G20.
The Commerce Ministry spokesperson, Huang Ling, stated that such discussions were aimed at promoting protectionism and pressuring China.
China views these topics as pretexts for exerting pressure.
Call to Lift US SanctionsImmediate Lift
China urged the US to immediately correct its 'erroneous practices' and lift sanctions against relevant Chinese companies and individuals.
These sanctions are related to Iran, and China views them as unjustified.
The Commerce Ministry made a direct appeal to the US.
Marine Survey East of TaiwanAug 10-31
China conducted a large-scale marine survey in waters east of Taiwan from August 10-31.
The Ministry of Natural Resources aims to use the survey results to create a 'unified territorial planning map'.
Taiwan's coast guard protested the action, perceiving it as a unilateral assertion of rights.
Yuan Hits 3.5-Year High6.7807/USD
The Chinese yuan hit a 3.5-year high against the US dollar, with the central bank setting a reference rate of 6.7807 yuan per dollar.
This marks the strongest level since February 8, 2023.
The yuan's strength was influenced by the strengthening Japanese yen, which weighed on the dollar.
ByteDance Secures Large Loan$29.6B
ByteDance secured $29.6 billion in loans, an increase from its initial target of $20 billion.
The loan size was expanded due to strong demand from banks.
This financing will support the company's operations and growth.
China Services PMI Rises51.4 in Aug
China's August services Purchasing Managers' Index (PMI) rose to 51.4 from 50.4 in July, indicating improved domestic demand.
Despite being the second-lowest reading in 14 months, employment in the sector increased for the fourth consecutive month.
Conversely, Hong Kong's S&P PMI fell to 49.5 in August from 51.0, signaling a contraction.
Joint Military Drills and CondemnationLive-Fire Drills
China and Singapore are set to organize joint live-fire drills in September near Guangdong.
The Pacific Islands Forum is pushing to condemn China's July ballistic missile tests.
Palau President Whipps Jr., chair of the 18-nation forum, urged China to respect sovereignty.
Korea
Government Energy Sector RestructuringConsolidation
The South Korean government is pushing to consolidate five power generators and merge state-owned oil and gas companies.
This restructuring is part of a broader public institution overhaul aimed at eliminating redundant investments and achieving economies of scale.
The initiative seeks to accelerate the energy transition, focusing on renewable energy.
Won Long Positions at 13-Year HighShort Squeeze Risk
Long positions on the Korean won reached their highest level in 13 years, according to a Reuters poll.
This intensified betting on the won's appreciation has raised concerns about a potential short squeeze.
The Philippine peso saw its weakest bets in three months.
KEPCO Proposes Advance Payments for Power Supply200T KRW
State-owned KEPCO proposed advance payments from Samsung (005930) and SK Hynix (000660) to guarantee power supply until 2031.
Samsung was offered a 200 trillion KRW advance, while SK Hynix was offered 50 trillion KRW.
The initiative aims to secure funds for expanding the power grid to meet surging demand from semiconductor and data center operations, with corporate participation being optional.
South Korea Energy Sector RestructuringMerger Plans
South Korea plans to merge five power generators into a single entity.
The government also intends to combine its oil and gas firms.
These moves are aimed at streamlining the energy sector and enhancing operational efficiency.
Taiwan's government proposed an additional T$145.7 billion ($4.6 billion) in defense spending for the current year.
The funds are earmarked for modernizing new defense systems, including drones and anti-ballistic missiles.
This initiative is a core national policy to enhance defense capabilities and increase spending amid intensifying Chinese military pressure, separate from a $25 billion special budget approved in May.
Taiwan Reaffirms EEZ SovereigntySovereignty Claim
The Taiwan Coast Guard emphasized its sovereignty over its eastern Exclusive Economic Zone (EEZ) while monitoring Chinese Coast Guard vessels.
It reaffirmed its ownership of sovereignty and jurisdiction over the waters.
Taiwan strongly countered China's claims, stating that 'China has absolutely no jurisdiction over any waters around Taiwan' and pledged to continue all necessary measures for national sovereignty and maritime security.
Top Gainers
Detail
Moderna (MRNA)
Healthcare sector, $62B market cap.
+9.93%
Edison International (EIX)
Utilities sector, $23B market cap.
+8.93%
PG&E (PCG)
Utilities sector, $31B market cap.
+5.95%
HP (HPQ)
Information Technology sector, $28B market cap.
+4.33%
CF Industries (CF)
Materials sector, $21B market cap.
+4.28%
Bunge Global (BG)
Consumer Staples sector, $23B market cap.
+4.16%
Howmet Aerospace (HWM)
Industrials sector, $102B market cap.
+4.06%
Dollar Tree (DLTR)
Consumer Staples sector, $25B market cap.
+4.04%
Archer Daniels Midland (ADM)
Consumer Staples sector, $41B market cap.
+4.01%
CVS Health (CVS)
Healthcare sector, $125B market cap.
+3.93%
Companies
Exxon Mobil (XOM)Venezuela
Former President Trump publicly mentioned the possibility of Exxon Mobil re-entering Venezuela.
The company has not yet provided official confirmation regarding this statement.
Bank of America (BAC), Goldman Sachs (GS)Stablecoin
These banks, along with 21 other financial institutions, announced plans to launch a dollar-pegged stablecoin by 2027.
Micron (MU)Strike Threat
Micron's Taiwan union has threatened a strike if bonus reforms are not implemented, with over 80% member support.
This could potentially disrupt operations at key production facilities.
Amgen (AMGN)Approval Halted
UK regulators have halted new prescriptions for Amgen's rare disease treatment, Tavneos, citing data reliability issues.
The authorities are even considering initiating procedures to withdraw the drug's approval.
Eli Lilly (LLY)Acquisition Clear
The US antitrust waiting period for Eli Lilly's acquisition of AtaiBeckley has ended, and UK competition authorities have confirmed no further inquiries.
This resolves regulatory hurdles for the transaction to be completed.
UnitedHealthcare (UNH)Reduced Prior Auth
UnitedHealthcare announced it will reduce prior authorization requirements by 30% (up to 70% in rural areas) starting in October.
Tesla (TSLA)China Sales Slow
Tesla's August sales of China-made EVs (Model 3 and Model Y) for export totaled 86,166 units, a +3.6% year-over-year increase.
This marks a significant slowdown from July's +38% growth and a 7.9% month-over-month decrease.
The company is set to unveil its fully autonomous robotaxi, Cybertruck, in Austin on Thursday, featuring butterfly doors and no steering wheel or pedals.
Meta Platforms (META)$1.8B Settlement
Meta agreed to pay up to $1.8 billion to address child safety concerns, a settlement attributed to years of campaigning by shareholder activists.
This highlights the cost of insufficient communication with shareholders, especially as regulators simultaneously reduce shareholder resolution powers.
Google (GOOGL)Geothermal Power
Google signed a geothermal power agreement with Fervo Energy in Utah, securing options to purchase up to 1 GW of electricity.
This initiative is part of Google's strategy to secure power for its AI data centers.
GE Aerospace (GE)Korean Navy Deal
GE Aerospace secured a contract to supply 12 LM2500+G4 marine gas turbines for the Korean Navy's next-generation destroyer (KDDX) program.
Oracle (ORCL)-5.23%
Jefferies analysts downgraded Oracle's price target from $320 to $290, a reduction of approximately 9%.
Palantir Technologies (PLTR)-3.47%
Palantir Technologies appointed Peter Zaffino as the new Head of Global Financial Services.
Rocket Lab (RKLB)-2.16%
Berenberg initiated coverage on Rocket Lab with a 'Buy' rating and set a price target of $83.
Johnson & Johnson (JNJ)+2.01%
UBS raised its price target for Johnson & Johnson from $280 to $320, an increase of 14.3%.
Nvidia (NVDA)-1.51%
Zemedo, a subsidiary of Winamp Group, amended its lawsuit against Nvidia, incorporating additional evidence and elements.
The amended complaint has been officially served to Nvidia, with the first hearing scheduled for January 12, 2027.
Microsoft (MSFT)-1.24%
The EU's General Court dismissed an appeal by Norwegian browser company Opera, reaffirming the European Commission's 2024 decision to exempt Microsoft's Edge browser from Digital Markets Act (DMA) regulations.
The exemption was based on the EU's assessment that Edge, despite meeting quantitative criteria, is not considered a critical 'gatekeeper' platform for businesses to reach users.
SpaceX (SPCX)-1.02%
Oppenheimer raised its price target for SpaceX from $250 to $280, an increase of $30 or 12%.