Real-time News

JPMorgan Chase lowered its price target for FedEx (FDX.N) from $460 to $400.

On September 8th, the Bolivian Ministry of Defense announced on social media that the Bolivian Army had recovered a ninth body from the rubble of an explosion at a military camp in Biyazza, western Bolivia, bringing the death toll to nine. The post stated that rescue efforts were ongoing and authorities were investigating the cause of the explosion. According to local media reports, the incident also resulted in 84 injuries and five people missing. Bolivian police reported on the evening of September 4th that an explosion occurred at a military camp in Biyazza.

On September 8th, Lu Daliang, Director of the Statistics and Analysis Department of the General Administration of Customs, stated that in the first eight months of the year, my country's exports and imports from 112 countries and regions both increased, 17 more than the same period last year. my country's trade with ASEAN grew by over 20%, solidifying its position as each other's largest trading partner. This month, the 23rd China-ASEAN Expo will be held in Guangxi, and on August 31st, Nanning Customs supervised and released the first batch of imported exhibits. Economic and trade cooperation between my country and ASEAN will continue to deepen and become more practical, contributing to the common development of both sides.

The yield on Japan's 30-year government bonds fell 6 basis points to 3.960% during the day.

September 8th - According to Sinopharm Holdings, Sinopharm Holdings and Hansoh Pharmaceutical recently reached a strategic cooperation agreement, simultaneously implementing special cooperation agreements on broad market, medical access, retail, and DTP (Direct-to-Patient) services. This will promote the transformation of Sinopharm-Hansoh cooperation from traditional business connections to a comprehensive strategic collaboration across the entire chain and lifecycle.

According to the Financial Times, Anthony Whelan, Director-General of the European Commission's Directorate-General for Competition, said the EU would prefer to consider large-scale mergers because such mergers could boost investment, innovation, or secure supply chains and enhance the EU's competitiveness.

September 8th - Reserve Bank of Australia (RBA) Assistant Governor Hunt stated that the RBA may need to raise interest rates for the fourth time this year if inflation is stronger than expected. Speaking at a housing conference, Hunt also said that the policy committee aims to cool the economy through interest rate hikes, but downplayed concerns about a potential recession.

According to the Financial Times: Bankers for Anthropic and OpenAI pushed for top credit ratings after their initial public offerings.

On September 8th, Bloomberg reported on September 7th that despite the Trump administration's strong opposition to other countries using Huawei AI chips, Malaysia still leans towards relying on Huawei AI chips to provide computing power for its sovereign AI project. According to anonymous sources, Malaysia is seriously evaluating making Huawei AI hardware the core of a RM2 billion (approximately RMB3.317 billion) plan. This plan aims to give Malaysia greater control over its own data. However, it is unclear how many chips Malaysia will purchase. The report states that if Malaysia does proceed with the adoption of Huawei chips, it will be the first known case of a foreign government formally choosing Chinese AI chips over American products.

The Saudi-led coalition in Yemen stated that the Houthi attacks were deliberately designed to harm Saudi Arabia's national interests and demonstrate its refusal to achieve peace in Yemen and the surrounding region.

International Organization for Migration: Fighting escalates on Yemen's west coast, displacing approximately 18,500 people in three days.

On September 8th, according to sources, the Guangdong Provincial Department of Housing and Urban-Rural Development convened a symposium with real estate companies to understand the impact of the new policies on various projects, the policy support the companies hoped to receive, and their opinions and suggestions on the implementation details in various regions. It is understood that the symposium held by the Guangdong Provincial Department of Housing and Urban-Rural Development will investigate the number, area, number of units, and distribution of projects for which real estate companies have acquired land but have not yet obtained construction planning permits, have obtained construction planning permits but have not yet obtained pre-sale permits, and have obtained pre-sale permits but are still on sale. The symposium will also assess the impact of the new real estate development model policies on these three types of projects, including but not limited to the impact on development, sales, delivery, funding, and debt; the plans and measures of real estate companies to implement the new real estate development model policies; the policy support they hope to receive; and their opinions and suggestions on the implementation details in various regions.

According to RIA Novosti, Russian Deputy Foreign Minister Grushko stated that NATO's exercises in the Arctic region are preparations for a military conflict with Russia.

September 8th - Analyst Robert Howard stated that the US August CPI data could determine whether the Federal Reserve will favor raising or maintaining interest rates at next week's decision, and will also impact the dollar's performance. According to the median forecast in a Reuters poll, the overall CPI is expected to rise 0.4% month-on-month and 3.4% year-on-year; core CPI is expected to rise 0.2% month-on-month and 2.4% year-on-year. If the data is higher than expected, hawkish voices will rise, calling for a rate hike by the Fed in September, potentially boosting the dollar. Conversely, if the data is weak, doves will advocate for maintaining interest rates unchanged for the sixth consecutive time, which could be detrimental to the dollar. The market currently sees a 57% probability of a Fed rate hike this month, after strong non-farm payroll data last Friday led to a shift in expectations towards a hawkish stance. This shift occurred 24 hours after Fed Governor Waller made dovish comments, which had previously pressured the dollar; seven days earlier, Fed Chairman Warsh's hawkish guidance at Jackson Hole had boosted the dollar.

September 8 - The Saudi-led coalition in Yemen stated today (September 8) that Houthi rebels attacked civilian and economic facilities in Abha, Khamis Mushait, Najran, and Jizan in southwestern Saudi Arabia, injuring 73 people. The coalition stated that it will respond firmly to the Houthi attacks.

Reserve Bank of Australia Assistant Governor Hunt: The committee is concerned about inflation and has a low tolerance for it.

Reserve Bank of Australia Assistant Governor Hunt: July CPI data is only for a single month.

Reserve Bank of Australia Assistant Governor Hunt: The committee has made it very clear that inflation is the top priority.

Ukrainian officials in Kyiv say the Russian airstrike killed two people and injured seven.

The Saudi-led coalition in Yemen says the Houthi attacks on Saudi Arabia have seriously escalated the situation.