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08.10.26 - 15:42
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Futures Slide As Oil Jumps On Iran Strike Report, Bond Rout Resumes Ahead Of 30Y Auction (ZeroHedge)
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Futures Slide As Oil Jumps On Iran Strike Report, Bond Rout Resumes Ahead Of 30Y Auction
US equity futures are lower, extending Wednesday's decline, with the S&P sliding further from Tuesday's record high as oil spikes on reports that Trump may order fresh strikes on Iran before the midterms, a tanker was hit off Qatar in the first strike deep inside the Persian Gulf in about a month, and an approaching storm has shut some US output; as a result the global bond rout picks up where it left off with 10Y yields hitting 5.35%. As of 8:00 am ET, S&P futures are 0.4% lower at 7,820 and Nasdaq futures are down 0.5%, while Dow and Russell futures are both down 0.8%. This follows a session in which the S&P (-0.2%) slipped from its record, almost three-quarters of the index fell and the Russell 2000 (-1.3%) sank to a 4-month low. In premarket trading, Tesla and Nvidia underperform their Mag 7 peers as chip, growth and AI-related stocks trend lower, while Microsoft and Apple edge higher; Defensives lea...
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01.10.26 - 21:01
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Treasury targets Iranian auto, rail sectors in latest round of sanctions (The Hill)
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The Treasury Department sanctioned Iranian auto and rail industries on Thursday, the latest salvo in its economic campaign against the Islamic Republic. The Treasury's Office of Foreign Assets Control (OFAC) sanctioned the entirety of those industries, which the administration views as critical sources of funding for the regime, the department noted in a release. The......
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16.09.26 - 09:30
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Tesla revives China discounts; Iran war drives shift to electric cars: 7 EV reads (SCMP)
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We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing.
1. Market squeeze: Tesla revives China price cuts to stem slumping deliveries
Tesla China has launched discounts on its Shanghai-made cars for the first time since the end of 2024, responding to falling deliveries in the world's largest market for electric vehicles (EVs).
2. 'Key pillar':......
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10.09.26 - 03:06
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Over 65% of cars sold in China are now EVs as Iran war drives electric shift (SCMP)
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China's electric vehicle (EV) adoption rate has hit an all-time high, as the Iran war drives motorists to shift away from petrol cars despite a sluggish automotive market.
A record 65.2 per cent of the 1.54 million cars sold in mainland China last month were either pure electric or plug-in hybrid vehicles, data from the China Passenger Car Association (CPCA) showed.
The figure broke the previous record of 65.1 per cent set a month earlier.
“Consumers are convinced of EVs' advantages now that......
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27.07.26 - 15:45
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Futures Jump As Brent Tumbles Below $90 On Fresh Round Of Iran Ceasefire Optimism (ZeroHedge)
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Futures Jump As Brent Tumbles Below $90 On Fresh Round Of Iran Ceasefire Optimism
A sharp drop in oil prices prompted by a quieter weekend for geopolitics and a pause in MidEast hostilities also sparked a drop in bond yields and the USD. A powerful relief rally in stocks and bonds emerged after a lull in hostilities in the Middle East, and started a week packed with earnings and a stack of interest-rate decisions on a positive note. As of 8.00am ET, Nasdaq futures surged after the index logged its first back-to-back weekly declines since March; S&P 500 futures rose 1%. After Friday's rout, all Mag 7 stocks gained amid the relief rally in tech and AI-related stocks (Meta Platforms +1.8%, Alphabet +1.7%, Amazon +1.4%, Tesla +1.3%, Microsoft +1%, Nvidia +0.9%, Apple +0.1%). While Asian markets closed mixed, European stocks advanced as broader risk sentiment gets a boost from a pullback in energy prices. Brent crude futures for September fell 9% to around $88 a barrel (these hit $100 late last...
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