Japanese Yen Nears Seven-Month High as Oil Approaches $100 
Asian Stocks Mixed as Korean Chipmakers Rally 
German Inflation Accelerates to 2.9% in August 
China Buys 1 Million Tons of U.S. Soybeans Ahead of Xi Visit 
ECB Rate Hike in Focus as Oil Tops $100 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Fitch Eyes Japan Budget for Fiscal Discipline 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Gold Prices Steady Ahead of U.S. Inflation Data and Fed Decision 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
China Inflation Accelerates in August as CPI, PPI Rise 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
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Overview of US Stock Futures
US stock futures were largely flat on Wednesday as investors prepared for a wave of quarterly earnings reports, including Tesla. As of 03:31 ET (07:31 GMT), the Dow futures were down 115 points (0.3%), while S&P 500 and Nasdaq 100 futures showed little movement.
Tesla Earnings Report Anticipated
Tesla's upcoming earnings report is anticipated to make waves in the market. The company's shares have struggled this month, especially after the recent unveiling of its robotaxi, which left investors wanting more details. Year-to-date, Tesla shares have declined by approximately 12%, contrasting sharply with the S&P 500’s 23.4% increase.
Texas Instruments Surprises Investors
Texas Instruments reported a third-quarter profit exceeding expectations, with earnings per share at $1.47 on revenues of $4.15 billion. This positive outcome drove a rise in its share price during after-hours trading, highlighting growth in its automotive product segment, particularly in the electric vehicle market.
Starbucks Faces Challenges
Starbucks shares fell in after-hours trading after the company suspended its financial guidance for the upcoming fiscal year. Preliminary results indicated declines in same-store sales and net revenue, attributed to lower demand for premium items. New CEO Brian Niccol emphasized the need for a strategic overhaul to regain growth.
Conclusion
Amidst these developments, oil prices are also feeling the pressure, with Brent crude dropping 0.6% to $75.62 per barrel. Increased US crude inventories were reported, raising concerns about fuel demand, while Middle East tensions continue to exert influence on market conditions.
