News

A memo from the lead underwriters indicates that Amazon's (AMZN.O) first-ever sterling bond issuance is now open for subscription.

The UK FTSE 100 index opened down 43.59 points, or 0.40%, at 10768.07 on Wednesday, September 9th; the FCHI index opened down 59.26 points, or 0.71%, at 8258.72 on Wednesday, September 9th; the Euro Stoxx 50 index opened down 41.62 points, or 0.65%, at 6371.55 on Wednesday, September 9th; Spain... The IBEX 35 index opened down 183.03 points, or 0.92%, at 19814.07 on Wednesday, September 9th; the Italian FTSE MIB index opened down 259.97 points, or 0.50%, at 51917.50 on Wednesday, September 9th; and the German DAX 30 index opened down 166.01 points, or 0.64%, at 25826.91 on Wednesday, September 9th.

Google (GOOG.O) will invest at least €13 billion in artificial intelligence infrastructure in Finland between 2027 and 2028. The investment includes data centers, infrastructure, and energy projects.

Major European stock indices opened lower, with the Euro Stoxx 50 down 0.73%, the German DAX down 0.72%, and the UK FTSE 100 down 0.51%.

According to Finnish broadcaster YLE, Google (GOOG.O) will invest at least €13 billion in artificial intelligence infrastructure in Finland between 2027 and 2028.

French July industrial production rate will be released in ten minutes.

Apple has announced a major overhaul of Siri, and analysts say that if the revamp is successfully completed by the end of the year, Apple will have a strong chance to rival its long-time rival Google's Gemini assistant. Investors have largely forgiven Apple's "lagging" in generative AI, and a key challenge for new Apple CEO Benjamin Turner is convincing users that Apple devices are the best way to use AI. Carolina Milanesi of Creative Strategies said that if Siri remains poor, Turner's Wednesday will be "much sadder." Now they can confidently say that Siri is working and has value, but they need to continue working to make it better and keep up. Analysts say that Turner, who has kept a low profile for five years as head of hardware engineering, will likely focus on providing powerful devices to lay the foundation for the expansion of on-device AI. However, he faces significant regulatory challenges. Gene Munster of Deepwater Asset Management said that Apple's Siri will not initially launch in Europe due to regulatory disputes. A timely launch of the new Siri in the US is crucial, as it will build confidence that Apple can also succeed in Europe.

The Russian Ministry of Defense stated that Russian forces struck four oil storage tanks containing fuel and a warehouse storing supplies for Ukrainian troops at the port of Nikolayev.

British Foreign Secretary: Closing the East Jerusalem consulate will have negative consequences.

The NI225 closed down 126.55 points, or 0.19%, at 65,142.78 on Wednesday, September 9.

The Russian Ministry of Defense reported that a warehouse belonging to a manufacturer of unmanned surface vessels and drones in Kyiv, Ukraine, was attacked.

Russian Defense Ministry: Russian troops hit a cargo ship in the Black Sea.

An executive at Indian petrochemical company Haldia Petrochemicals said the company plans to increase the use of liquefied petroleum gas in its naphtha-based cracking units to mitigate the risks posed by the ongoing war.

Mitsubishi Materials plans to invest approximately 8 billion yen to expand its tungsten recycling capacity. The Japanese government has approved the investment as part of measures to stabilize the supply of this critical mineral.

Australia's S&P/ASX 200 index closed down 2.10 points, or 0.02%, at 8918.70 on Wednesday, September 9.

Ukrainian drone commander: Ukrainian forces launched a nighttime attack on military vessels at the Russian Novorossiysk naval base.

European stock index futures fell, with the Euro Stoxx 50 futures down 0.37%, the German DAX futures down 0.42%, and the UK FTSE futures down 0.41%.

Apple's upcoming first foldable phone, the "iPhone Duo," is generating significant market buzz. Nabila Popal, senior research director at IDC, stated that even at a price of $2,500, Apple's foldable phone will be a bestseller, especially given Apple's expertise in creating a sense of exclusivity, luxury, and scarcity. He predicts that even if foldable phones still only represent a small share of the overall mobile phone market, this product will generate over $45 billion in revenue for Apple by the end of next year. Apple is expected to benefit from its late entry into the foldable market, having solved key engineering challenges such as maintaining hinge stability after thousands of opening and closing cycles and minimizing creases when the screen unfolds. Ansher Sager, an analyst at Moor Insights & Strategy, stated that Apple has already seen what works and what doesn't for its competitors, having tested numerous foldable devices.

The mayor of Novorossiysk, Russia, said that the attack on the city by Ukraine resulted in four deaths.

Gatwick Airport, UK: Flights at London Gatwick Airport have now resumed. We still expect it will take some time for operations to fully return to normal.