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On September 5th, a new assessment report released by US intelligence agencies indicated that more than six months after the US military action against Iran, Iran has become "more confident" in its ability to strike US targets in the Middle East and appears determined to continue its confrontation with the US, at least until the US midterm elections in November. According to US sources on September 4th, several US officials, after reviewing the latest intelligence assessment report, disclosed that the report shows that after months of fighting, Iran has a clearer understanding of its own "military strength" and is more convinced of the importance of the Strait of Hormuz. It is understood that, currently, although Iran is under dual military and economic pressure from the US, there is no indication that Iran intends to reach any form of agreement with the US. If Iran is attacked again, its reaction may be similar to before, namely, retaliating against US military bases and other targets in the Middle East. Some US officials believe that Iran may be trying to delay the war at least until the US midterm elections in November, and that Iran believes the US military is unable to launch a large-scale strike due to depleted weapons stockpiles.September 5th - According to Daqing Oilfield, as of August 31st, the Maokou Formation in the Sichuan-Chongqing exploration area of Daqing Oilfield has produced a cumulative total of 1.001 billion cubic meters of natural gas in 2026, breaking the 1 billion cubic meter mark for the first time. This marks a significant leap forward in the large-scale and efficient development of this formation, further strengthening my countrys stable oil and gas supply and ensuring supply during the winter.September 5 - A Chinese citizen trapped in a landslide-stricken area of Rasuwa, northern Nepal, was rescued on September 5 local time.On September 5, International Atomic Energy Agency (IAEA) Director General Grossi announced that a partial ceasefire had been reinstated around the Zaporizhia nuclear power plant under IAEA mediation to facilitate repairs to damaged power lines and restore external power to the plant. The Zaporizhia plant lost connection to its last external power line on August 20 due to military activity and has since relied on emergency diesel generators to provide cooling power to its six reactors and spent fuel pool. The IAEA stated that the plants diesel reserves are dwindling, and if external power cannot be restored or more fuel cannot be delivered in time, the plant may face a complete power outage in the coming days. Under the temporary ceasefire, Ukrainian technicians will begin repairing the power lines after clearing mines from the affected area. IAEA personnel will monitor the repair process. Grossi stated that this is the seventh such temporary ceasefire he has brokered to reduce nuclear safety risks at the Zaporizhia plant since the start of the Russia-Ukraine conflict.The U.S. Geological Survey reported that a 4.4-magnitude earthquake struck 77 kilometers east-southeast of La Tirana, Chile, at a depth of 109.4 kilometers.

Futures on the Dow advance as indices extend their gains for a fourth session

Haiden Holmes

Sep 13, 2022 11:07

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Futures for U.S. equities increased on Monday evening, following four consecutive sessions of benchmark index gains, as investors remained optimistic ahead of Tuesday's consumer price index announcement.


At 11:20pm ET (7:20pm GMT), Dow Jones Futures increased 0.1%, while S&P 500 Futures and Nasdaq 100 Futures each rose 0.2%.


Oracle Corporation (NYSE:ORCL) rose 1.4% among reporting corporations after announcing Q1 EPS of $1.03 versus the consensus estimate of $1.08 and sales of $11.45 billion versus $11.3 billion.


Rent the Runway Inc (NASDAQ:RENT) plummeted 22.9% after reporting second-quarter losses of $0.53 per share, which were less than the consensus forecast of $0.65 per share. $76.5 million in revenue was reported as opposed to the expected $73.57 million.


Planet Labs PBC (NYSE:PL) rose by 8.9% and announced per-share losses of $0.15, which were worse than the consensus forecast of $0.14. Revenue increased to $48.5 million from $42.4 million.


Braze Inc (NASDAQ:BRZE) reported Q2 losses per share of $0.16, which was better than the average expectation of $0.20. The actual revenue was $86.1 million compared to the forecasted amount of $81.16 million.


In anticipation of a 0.1% monthly fall in headline inflation, market participants will closely examine the August CPI report before Tuesday's session.


During Monday's regular trading session, the Dow Jones Industrial Average rose 229.6 points, or 0.7%, to 32,381.3. The S&P 500 rose 1.1% to 4,110.4, while the NASDAQ Composite rose 1.3% to 12,266.4.


On the bond markets, the 10-Year yield for the United States was 3.358%.