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September 9th - Apple's $570 billion summer surge has placed high expectations on new CEO John Turner as the company prepares for its most anticipated event in years: Wednesday's launch of the foldable iPhone. Since the company announced price increases for several products on June 25th, the stock has risen 15%, despite that day marking its worst performance in over a year. The significant gains since then have been largely driven by enthusiasm for the new device lineup, particularly the foldable phone. However, the stock is still about 7% below its all-time high reached on July 28th. Apple remains seen as a laggard in artificial intelligence, a long-standing fundamental concern for investors. In the short term, however, the stock's fate may depend on the market response to the new iPhone, the company's ability to manage soaring memory costs, and Turner's performance, who succeeded Tim Cook as CEO on September 1st. Morgan Stanley predicts the foldable iPhone will start at between $2,300 and $2,500. They estimate that Apple will ship approximately 6.5 million iPhones in the first quarter of its fiscal year ending in December, generating sales of approximately $14 billion, representing about 16% of the total expected iPhone revenue for that quarter.

Market news: Uber (UBER.N) is seeking to raise approximately €4 billion through its first European bond issuance.

Turkish Energy Minister: We will begin oil exploration in the western Black Sea in the next few days.

On September 9th, the Shanghai Futures Exchange (SHFE) reported the following changes in warehouse receipts for various commodities: 1. Stainless steel warehouse futures receipts: 72,020 tons, a decrease of 306 tons from the previous trading day; 2. Low-sulfur fuel oil warehouse futures receipts: 3,440 tons, a decrease of 2,050 tons from the previous trading day; 3. Medium-sulfur crude oil futures receipts: 2,961,000 barrels, unchanged from the previous trading day; 4. Rebar warehouse futures receipts: 78,146 tons, unchanged from the previous trading day; 5. Petroleum asphalt plant warehouse futures receipts: 17,490 tons, unchanged from the previous trading day; 6. Petroleum asphalt warehouse futures receipts: 2,730 tons, unchanged from the previous trading day; 7. Alumina futures receipts: 276,276 tons, an increase of 7,774 tons from the previous trading day; 8. International copper futures receipts: 7,447 tons, an increase of 26 tons from the previous trading day; 9. Gold futures warehouse receipts totaled 114,843 kg, a decrease of 15 kg from the previous trading day; 10. Hot-rolled coil futures warehouse receipts totaled 214,190 tons, a decrease of 295 tons from the previous trading day; 11. Copper futures warehouse receipts totaled 21,009 tons, a decrease of 403 tons from the previous trading day; 12. Lead futures warehouse receipts totaled 58,291 tons, an increase of 549 tons from the previous trading day; 13. Pulp warehouse futures warehouse receipts totaled 413,469 tons, an increase of 2,495 tons from the previous trading day; 14. Pulp mill warehouse futures warehouse receipts totaled 20,000 tons, unchanged from the previous trading day; 15. Butadiene rubber futures warehouse receipts totaled 24,660 tons, a decrease of 290 tons from the previous trading day; 16. TSR20 rubber futures warehouse receipts totaled 12,196 tons, unchanged from the previous trading day; 17. Aluminum futures warehouse receipts totaled 215,319 tons, a decrease of 1,858 tons from the previous trading day; 18. Fuel oil futures warehouse receipts totaled 1,000 tons, a decrease of 11,320 tons from the previous trading day; 19. Natural rubber futures warehouse receipts totaled 143,800 tons, unchanged from the previous trading day; 20. Zinc futures warehouse receipts totaled 92,382 tons, an increase of 785 tons from the previous trading day; 21. Silver futures warehouse receipts totaled 1,397,193 kg, a decrease of 7,716 kg from the previous trading day; 22. Nickel futures warehouse receipts totaled 98,651 tons, a decrease of 528 tons from the previous trading day; 23. Tin futures warehouse receipts totaled 5,598 tons, an increase of 270 tons from the previous trading day.

The yield on German two-year government bonds reached 3.0138%, the highest level since June 2024, rising 3 basis points on the day.

The onshore yuan closed at 6.7079 against the US dollar at 16:30 on September 9, up 29 points from the previous trading day.

German Chancellor Merz: Achieving an economic growth rate of 1.3% in 2026 shows that our initial measures are working. We are on the right track.

German Chancellor Merz: People need security, both from internal threats and from external threats. To achieve this, we can only rely on a strong German economy.

Lithium Americas shares rose more than 5% in pre-market trading after JPMorgan Chase gave the stock an "overweight" rating.

The Hang Seng Index closed down 42.22 points, or 0.17%, at 25,274.96 on Wednesday, September 9; the Hang Seng Tech Index closed down 34.06 points, or 0.76%, at 4,420.79; the H-share Index closed down 28.27 points, or 0.34%, at 8,369.05; and the Red Chip Index closed up 26.07 points, or 0.62%, at 4,263.41.

Market news: BP's (BP.N) North Sea assets have attracted interest from several buyers, including Adura and Neo Next+.

Saudi Foreign Ministry: We strongly condemn Iran's continued attacks on Jordan.

The schedule shows that Azerbaijan's crude oil exports from Ceyhan port in October are set at 15.7 million barrels, compared to 15.1 million barrels in September.

The State Council appointed and removed state personnel. Qin Yunbiao was appointed Vice Minister of Public Security. Wang Benqiang was removed from his post as Deputy Auditor General of the National Audit Office; Gao Qian was removed from his post as Deputy Director of the State Archives Administration.

The Lufthansa Group will continue to closely monitor the situation and maintain close coordination with relevant authorities and its airlines, conducting ongoing assessments.

Taiwan's imports rose 44.3% year-on-year in August, below the expected 40% and the previous month's 37.40%.

According to the Lebanese National News Agency, UN Secretary-General António Guterres expressed concern over the escalation of Israeli military operations in and around Nabatieh, Lebanon, and called for an immediate halt to hostilities in southern Lebanon.

The head of the European Space Agency hopes that European countries will decide by the end of the year whether to carry out manned space missions without US assistance.

German Foreign Minister Waldfol: (On the Alternative for Germany) Only the European Union can create level playing field for our industries globally.