Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
ECB Rate Hike in Focus as Oil Tops $100 
Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Fitch Eyes Japan Budget for Fiscal Discipline 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
Norway Core Inflation Rises to 3% in August 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Asian Currencies Steady as Yen Holds Firm, Oil Tops $100 
South Korea GDP Surges on Chip and AI Boom 
Asian Stocks Fall as Oil Tops $100, Yields Rise 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
Asian Stocks Mixed as Korean Chipmakers Rally 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
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The S&P 500 closed at a new high on Thursday as backed up by an article from the site Investing.com, boosted by a rally in semiconductor stocks led by Micron Technology. The chipmaker’s shares surged nearly 15% after issuing better-than-expected fiscal fourth-quarter results and strong guidance for the current quarter, attributed to demand for its high-bandwidth memory chips fueled by AI. Super Micro Computer Inc. fell over 12% after news of a DOJ investigation.
Southwest Airlines Rises on Raised Guidance and Buyback
Southwest Airlines stock jumped more than 5% after raising its revenue-per-capacity guidance and announcing a $2.5 billion stock repurchase program, adding to market gains, as explained also by Reuters.
As per The Wall Street Journal, durable goods orders unexpectedly rose in August, and jobless claims dropped, signaling economic resilience. GDP remained steady at a 3.0% annualized gain for Q2, the largest in two quarters. The upcoming PCE price index data — the Federal Reserve's preferred measure of inflation — will be closely watched as the central bank assesses its rate policy.
China Tech Stocks Surge Amid Stimulus Hopes
Chinese tech giants Alibaba, JD.com, and Baidu saw their shares climb after Beijing pledged additional fiscal stimulus to meet its growth target of approximately 5%, fueling a broader market rally.
