EUR/USD
1.14655
-0.021%
Gold
4090.79
0.606%
Oil
83.136
-0.534%
USD/JPY
163.350
-0.030%
GBP/USD
1.33660
-0.016%
GBP/JPY
218.337
-0.044%
Real-time News
1. US crude oil futures closed up 6.74% at $84.6 per barrel; Brent crude oil futures rose 7.35% to $88.11 per barrel. Escalating geopolitical tensions in the Middle East, with Iran launching a surprise attack on US troops, disrupting the ceasefire, prompting the US to respond strongly and join forces with Saudi Arabia in a counterattack, led to a sharp drop in oil traffic through the Strait of Hormuz, a significant increase in ship insurance costs, and continued attacks by the Houthi rebels in Yemen on Saudi energy facilities and plans to collect tolls on merchant ships passing through the Bab el-Mandeb Strait. These factors significantly increased uncertainty surrounding oil supply. Meanwhile, a substantial decrease in US crude oil inventories last week, far exceeding market expectations, further supported the rise in oil prices. 2. International precious metals futures generally closed higher. COMEX gold futures rose 0.66% to $4065.50 per ounce, and COMEX silver futures rose 0.64% to $57.90 per ounce. This rise was driven by the Federal Reserve maintaining interest rates unchanged for the fifth consecutive time. Increased internal disagreements led to policy uncertainty, disrupting market sentiment, and coupled with strong demand for silver, pushing prices up. 3. Most London base metals rose, with LME nickel up 1.00% to $17,140.0/ton, LME aluminum up 0.92% to $3,176.5/ton, LME tin up 0.50% to $53,850.0/ton, LME lead up 0.13% to $1,897.0/ton, LME zinc down 0.11% to $3,573.0/ton, and LME copper down 0.46% to $13,622.0/ton. 4. All three major U.S. stock indexes closed lower, with the Dow Jones Industrial Average down 2.19% to 51,594.14 points, the S&P 500 down 1.52% to 7,316.15 points, and the Nasdaq Composite down 1.74% to 24,442.94 points. Caterpillar fell nearly 7%, and Goldman Sachs fell more than 5%, leading the Dow Jones decline. The storage sector continued its sharp decline, with Micron Technology falling nearly 10% and SanDisk dropping over 7%. The Wind US Tech Big Seven Index fell 1.28%, with Nvidia down over 3% and Tesla down nearly 3%. SpaceX fell over 3%. The Nasdaq China Golden Dragon Index rose 1.73%, with New Oriental up over 15% and Li Auto up over 4%. European stock markets closed mixed: the German DAX fell 0.01% to 25460.48 points; the French CAC40 fell 0.60% to 8408.27 points; and the UK FTSE 100 rose 0.34% to 10908.41 points. Middle East geopolitical tensions pushed up oil prices, and market sentiment was cautious ahead of the Feds interest rate decision.Artificial Intelligence: 1. The US will hold an AI summit in Lima, Peru on September 8. 2. British media: The Bank of England is investigating investment banks exposure to Asian stocks to avoid concentrated bets on AI. 3. OpenAI president responds to Apple lawsuit: We are highly innovative and do not need other company secrets. 4. OpenAI announces the launch of CHATGPT for academic researchers, which will be provided free of charge to 100,000 researchers. 5. OpenAI CFO: The companys annualized revenue in July exceeded the total for the entire second quarter. Other: 1. SpaceX wins a $1.6 billion contract from the US Space Force. 2. Metas revenue hits record highs, but AI costs drag down its stock price in after-hours trading. 3. Two major MLCC manufacturers raise prices: Samsung Electro-Mechanics to raise prices by 30% starting in August, and Taiyo Yuden to raise prices starting in September. 4. The US announces a letter of intent for $874 million in semiconductor R&D investment. 5. Yangtze Memory Technologies: The online claim that "all 19 claims of its core 3D NAND patent have been ruled invalid" is a seriously misleading description. 6. Microsofts Q4 revenue exceeded expectations at $90 billion, with Azure cloud revenue surpassing $100 billion for the first time. Microsoft expects first-quarter revenue of $90 billion and maintains positive free cash flow for the new fiscal year. A Ukrainian Interior Ministry advisor stated that Russia has launched a large-scale attack on Ukraine, targeting multiple cities, including Kyiv. Cruise missile strikes are expected soon.On July 30th, Microsoft (MSFT.O) CEO Satya Nadella emphasized that customers must have the ability to freely switch between different closed-source and open-source AI models. He told analysts on Wednesdays conference call that the number of Microsoft customers building with multiple models has quadrupled since the beginning of the year. "You have to separate your system framework from the models," Nadella said. "That means any particular model should be replaceable at any given time. You should also be able to use cutting-edge models. Theres no reason not to, but you can also use multiple models, right?" Microsoft has investments in both OpenAI and Anthropic, but last week signed an open letter with companies like Nvidia and Palantir supporting open models.Market news: Intel (INTC.O) has granted access to some technologies to startup RosaicLabs, whose CEO is a co-investor of Intels CEO in other companies.
