Fitch Eyes Japan Budget for Fiscal Discipline 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
Asian Stocks Mixed as Korean Chipmakers Rally 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
Gold Prices Steady Ahead of U.S. Inflation Data and Fed Decision 
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Norway Core Inflation Rises to 3% in August 
China Inflation Accelerates in August as CPI, PPI Rise 
Gold Prices Rise as Yen Rally Weakens Dollar 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
ECB Rate Hike in Focus as Oil Tops $100 
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Global stock markets surged to new highs on Thursday, propelled by chipmaker Micron Technology's upbeat forecast. The S&P 500 and Europe's STOXX 600 closed at all-time highs, while the MSCI global index set an intraday record.
Micron Leads Semiconductor Gains
Micron’s positive forecast spurred a 14.7% jump in its shares, lifting the semiconductor sector index by 3.5%. The company’s forecast renewed optimism for chip demand in artificial intelligence computing.
Treasury Yields and Federal Reserve Outlook
U.S. Treasury yields rose following robust economic data, lowering expectations of a 50-basis-point rate cut by the Federal Reserve at its November meeting.
European Markets Follow China’s Lead
European stocks, especially China-exposed sectors, saw gains following announcements of potential stimulus from China’s politburo. Markets are also anticipating the issuance of special sovereign bonds to boost Chinese consumption.
Silver and Gold Rally; Oil Prices Drop
Silver hit its highest level since 2012, and gold reached a record peak. Oil prices, however, fell on news that Saudi Arabia plans to increase output and abandon its $100-a-barrel price target.
Currency Movements
The U.S. dollar weakened after positive economic data, while the Swiss franc strengthened after a rate cut by the Swiss National Bank. The euro rose against the dollar amidst speculation of an interest rate cut by the European Central Bank.
