Indian government officials: India's trade minister is expected to hold a bilateral meeting with US Trade Representative Greer during the G20 summit.

Indian government officials: The trade agreement between India and New Zealand is expected to take effect next month.

The German IFW Institute for Economic Research has raised its 2026 economic growth forecast for Germany from 0.8% to 1.3%, while maintaining its 2027 growth forecast of 1.0%.

According to data from the American Automobile Association (AAA), the average price of diesel in the United States has risen to its highest level since 2022.

Bernstein believes Oracle is in a new high-intensity investment cycle, with its cloud business, especially second-generation cloud infrastructure and AI data centers, driving accelerated growth in revenue, profit, and free cash flow, potentially making it one of the world's top three hyperscale cloud vendors. Cloud infrastructure revenue is projected to reach approximately $18.1 billion in fiscal year 2026, a 77% year-over-year increase, with AI revenue estimated at approximately $6.6 billion. While massive capital expenditures will depress gross margins and create financing needs, the high-margin database, multi-cloud, and enterprise software businesses can partially offset this. Bernstein maintains its "Outperform" rating with a target price of $325. (The above views are from Bernstein's September 2nd report.)

Emergency services say a Ukrainian drone strike on Russia’s Belgorod region has killed one person and injured four others.