forex cross rate

Gartner predicts that the global ERP market will grow from $65.3 billion in 2024 to $126.1 billion in 2030, but the new spending will be highly concentrated on AI agents. From 2026 to 2030, simple AI agent ERP and advanced/autonomous AI agent ERP are expected to grow by 66.3% and 95.0% respectively, while traditional ERP without generative AI will shrink by 30.1% during the same period. Bernstein's report indicates that AI-native companies are entering the market through high-friction processes such as financial closing, accounts payable, revenue recognition, purchase requisitions, and HR services. These companies do not need to completely replace SAP or Oracle; by controlling the user interface, workflow orchestration, and task execution, they have the opportunity to capture the fastest-growing and most monetizable segment of the ERP market. Bernstein predicts that traditional vendors will still control the underlying core aspects such as transaction data, permissions, auditing, and compliance, while AI-native companies will be responsible for upper-level interactions and execution, leading to a likely coexistence in the industry. For SAP, Oracle, and Microsoft, the long-term risk comes from ERP gradually relegating to the background, with customers accessing their data and functions through external AI agents.

Mexico's Ministry of Finance budget proposal indicates that the average price of its oil export blend is projected to be $61.8 per barrel in 2027.

Australia's S&P/ASX 200 index opened 16.60 points higher, or 0.19%, at 8937.40 on Wednesday, September 9.

The NI225 opened down 98.53 points, or 0.15%, at 65,170.80 on Wednesday, September 9.

Japan's broad money supply liquidity rate was 4.4% year-on-year in August, unchanged from the previous month.

Japan's M3 money supply annual rate was 1.2% in August, down from 1.40% in the previous month.