News

Adobe (ADBE.O) shares fell 3% in pre-market trading after the company announced the CEO transition.

Lululemon (LULU.O) shares fell 18% in pre-market trading in the U.S. after the company lowered its fiscal year forecast.

S&P 500 futures rose 0.06%, Dow Jones futures rose 0.42%, and Nasdaq futures fell 0.07%.

Allianz's chief economic advisor, El-Erian, wrote that if the Financial Times report that "Norway's sovereign wealth fund plans to reduce its holdings of US Treasury bonds by about $80 billion" is confirmed, it would further illustrate that a group of traditional buyers of US Treasury bonds, who have been long-term and stable purchasers, are gradually weakening their original roles. This list includes Japan and Gulf Cooperation Council (GCC) economies, among others, whose roles have shifted due to rising domestic financing needs.

Germany's construction PMI for August was 48.7, compared to 42.1 in the previous month.

French Agriculture Minister: An estimated 30,000 to 35,000 farms are at risk due to the climate crisis.

The German DAX 30 index opened down 5.55 points, or 0.02%, at 26002.02 on Friday, September 4th; the UK FTSE 100 index opened down 23.57 points, or 0.22%, at 10807.95; the FCHI index opened down 16.84 points, or 0.20%, at 8269.56; and the Eurozone... The Stoxx 50 index opened down 15.94 points, or 0.25%, at 6366.65 on Friday, September 4th; the Spanish IBEX 35 index opened down 49.43 points, or 0.25%, at 19950.77 on Friday, September 4th; and the Italian FTSE MIB index opened down 160.97 points, or 0.31%, at 52084.50 on Friday, September 4th.

Goldman Sachs believes that XPeng's next phase of growth has gradually expanded from simply selling cars to four parallel lines: new model volume expansion, overseas expansion, commercialization of autonomous driving, and humanoid robots. The fourth quarter of 2026 is a crucial milestone for several businesses to begin realizing their full potential (monthly delivery target of 60,000 vehicles, overseas deliveries of 40,000 vehicles, and the public launch of the L4 Robotaxi program). Therefore, Goldman Sachs maintains its "Buy" rating with a 12-month target price of $18 for US-listed shares and HK$69 for Hong Kong-listed shares. (The above views are from Goldman Sachs' September 1st report.)

According to Japan's Jiji Press, Bank of Japan Governor Kazuo Ueda will deliver a speech at the National Securities Conference on October 6.

French Transport Minister Tabardo: France will test fully autonomous driving and has spoken with Musk.

Australia's S&P/ASX 200 index closed down 0.60 points, or 0.01%, at 9019.50 on Friday, September 4.

According to Nikkei: Sources say that Apple's (AAPL.O) highly anticipated foldable iPhone is currently only being produced in "several hundred" units per day in the initial stages, mainly due to the company's extremely strict quality control standards.

The yield on Japan's 40-year government bonds fell 13 basis points to 4.03%.

Euro Stoxx 50 futures rose 0.13%, German DAX futures rose 0.21%, and UK FTSE 100 futures rose 0.04%.

Germany's manufacturing orders, adjusted for working days, rose 13.1% year-on-year in July, below the expected 10.5% and the previous reading of 6.50%.

Germany's seasonally adjusted manufacturing orders rose 2.5% month-on-month in July, below the expected 0.3% and the previous reading of 3.10%.

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

The Society of Motor Manufacturers and Traders (SMMT) reported that new car registrations in the UK rose by about 13% year-on-year in August, reaching over 90,000 vehicles.

The NI225 index broke through 65,000 points, rising 1.22% intraday.

JPMorgan Chase: Expects the European Central Bank to raise interest rates by another 25 basis points in December 2026.