News

South African Foreign Ministry: The United States has misinterpreted South Africa's domestic policies.

South Africa’s Ministry of Foreign Affairs expressed concern over the U.S. visa restriction policy.

According to Sky News, the next investment summit is expected to be held outside of London.

According to Sky News, British Prime Minister Burnham has shelved plans to hold a UK investment summit this year.

Market news: German Chancellor Merz has cancelled his trip to the United States to attend a United Nations event.

JPMorgan's "long software, short semiconductor" basket surged 12.1% on Tuesday, marking its largest single-day gain ever, reflecting a dramatic shift in AI-related trading. Market concerns about a slowdown in the training pace of cutting-edge AI models led to a shift of funds from some AI infrastructure and long-cycle semiconductor equipment to software, cybersecurity, large cloud platforms, and lagging AI stocks. However, it's important to note that a "slowdown" in cutting-edge AI R&D does not equate to a halt in training. More stringent security, alignment, and third-party evaluations may actually require more computing power. Therefore, this is more of a scenario reassessment than a confirmed decline in AI computing power demand. (The above views are from a JPMorgan report dated September 15th.)

Finnish energy company Neste has extended its sustainable aviation fuel supply agreement with United Airlines, covering the U.S. and Dutch markets.

Market news: Anderon has secured a $1 billion award under the U.S. Department of Commerce's chip program.

Sources say PwC will reportedly cut bonuses at its Swiss branch to cope with pressures from artificial intelligence and costs.

British Prime Minister Burnham: The Chancellor of the Exchequer and I will consider these issues in the budget.

British Prime Minister Burnham: Inflation is worrying, but the British economy has shown resilience.

British Prime Minister Burnham: We will make tough decisions to keep the economy stable.

Salesforce (CRM.N): The service outage began at 3:50 a.m. ET. We are working to restore service.

According to Al Jazeera, Hamas has called on the mediators and the U.S. government to take action to lift restrictions on aid equipment and essential machinery entering Gaza.

Ed Yardeni lowered his year-end target for the S&P 500 from 8,400 to 7,900, and set his mid-2027 target at 8,400.

UK government bonds continued to rise, with the yield on 2-year government bonds falling 8 basis points to 4.81% during the day.

According to Iran's Tasnim News Agency, a spokesperson for the Houthi armed forces stated that a statement regarding a large-scale military operation within Saudi Arabia will be released at 14:40 local time on Wednesday.

Norwegian Foreign Minister: We welcome the EU's desire for Norway, the UK, Iceland, and Canada to participate.

Norwegian Foreign Minister: It's a good thing that the EU wants to strengthen European security cooperation.

SK Hynix (SKHY.O) shares narrowed their gains to less than 3% in pre-market trading in the US.