News

Fitch: A severe stock price shock scenario would lead to a US economic recession.

The FCHI index fell 2.00% during the day.

Uber (UBER.N) has set the size of its first European bond issuance at €4.5 billion.

Bank of Montreal: Initiates coverage research on Nike (NKE.N), giving it an underperform rating; target price of $30.

According to a memo from the lead underwriters, Amazon's (AMZN.O) first-ever sterling bond issuance has attracted demand of over £12 billion.

British Prime Minister Burnham on Israeli sanctions: Britain demonstrates leadership on the international stage.

Angolan Finance Minister: If conditions are right, Angola hopes to return to the European bond market in 2027. The country aims to maintain oil production above 1 million barrels per day, with 2027 production projected to be slightly lower than current levels.

A German government spokesperson said the German government has postponed its planned phone call with US President Trump on the anniversary of 9/11, and no new date has been set.

The MBA Mortgage Refinancing Activity Index for the week ending September 4 was 687.3, compared to 732.6 in the previous week.

The MBA mortgage application activity index in the United States for the week ending September 4 was 240.6, compared with 247.3 in the previous week.

The MBA Mortgage Purchase Index for the week ending September 4 was 157.5, compared to 157.8 previously.

The MBA 30-year fixed mortgage rate in the United States for the week ending September 4 was 6.85%, compared to 6.79% previously.

The UK Maritime Trade Organization has received reports of an incident approximately 28 nautical miles southeast of Al-Fau, Iraq. The captain of an oil tanker reported being attacked by an unidentified object. The crew is safe, and there have been no reports of environmental impact.

According to SEC filings, Amazon (AMZN.O) plans to issue multiple series of pound-denominated notes.

Iran's Foreign Ministry: The attack on the US base in Jordan was part of our legitimate right to self-defense.

Fitch: European rail vehicle leasing companies show resilience amid profit and demand pressures.

Reserve Bank of India: The Reserve Bank of India has added five currencies to its retail foreign exchange platform, including the euro and the British pound.

Russian Foreign Ministry: Moscow is prepared to take all measures to counter the threats posed by NATO in the Arctic region.

JPMorgan Chase believes that conditions are emerging for cyclical stocks to regain their advantage over defensive stocks: 1. Hedge funds are currently buying energy stocks, and excluding technology, media, telecommunications, and financial sectors, the relative net position between cyclical and defensive stocks remains relatively neutral, indicating that cyclical stocks are not significantly "crowded." 2. Retail investor sentiment towards cyclical stocks relative to defensive stocks is also at a low level. If economic growth remains strong, cyclical stocks have the potential to outperform defensive stocks again. 3. This judgment is based on the clear premise that bond yields cannot rise too quickly; otherwise, the market may enter a significant risk-averse state, thereby suppressing the performance of cyclical stocks. (The above views are from JPMorgan Chase's September 9th report.)

Kremlin: Hungary's expulsion of Russian diplomats will affect bilateral relations.