Japan, U.S. Stay Aligned on Yen as Currency Surges 
China to Inject $45 Billion Into State Financial Institutions 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
UK House Prices Fall for First Time Since 2023 
China Inflation Accelerates in August as CPI, PPI Rise 
South Korea GDP Surges on Chip and AI Boom 
Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Gold Prices Rise as Yen Rally Weakens Dollar 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
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U.S. stock futures showed little movement on Wednesday evening as Wall Street attempted to recover from four days of sharp losses. Investor sentiment remained fragile amid concerns over trade tariffs and a slowing U.S. economy.
Nvidia (NASDAQ: NVDA) slipped slightly in after-hours trading despite exceeding fourth-quarter earnings expectations. The AI chip leader reported robust demand from major tech firms, forecasting Q1 revenue of $43 billion, above estimates of $42.05 billion. However, concerns over rising production costs due to the Blackwell chip ramp-up weighed on the stock. Initially rising 2%, Nvidia’s gains faded, closing around $131.
Meanwhile, other semiconductor stocks saw marginal gains, with Broadcom (NASDAQ: AVGO) and AMD (NASDAQ: AMD) inching higher. Nvidia's AI-fueled stock surge, up nearly 400% in two years, faced pressure amid growing competition from China’s DeepSeek, raising concerns over the sustainability of massive AI investments.
S&P 500 futures edged up 0.1% to 5,979.0 points, while Nasdaq 100 futures rose 0.2% to 21,231.50 points. Dow Jones futures dipped 0.1% to 43,470.0 points. The S&P 500 closed flat at 5,956.18 points, the Nasdaq Composite gained 0.3%, and the Dow Jones Industrial Average slipped 0.4%.
Investors remain cautious as economic uncertainty looms. Wall Street’s losses deepened after former President Donald Trump threatened additional trade tariffs, while weak consumer sentiment readings signaled economic cooling. All eyes are now on upcoming key economic indicators, including Q4 GDP data on Thursday and the Federal Reserve’s preferred inflation gauge, the PCE price index, on Friday.
