Source: Krish Capital Pty Ltd

Index Update

U.S. stocks extended gains Monday, with the S&P 500 and Nasdaq hitting record highs for a third straight session, up 0.44% and 0.7%, while the Dow rose 0.14% for its fourth consecutive gain. Nvidia jumped nearly 4% on a $100 billion OpenAI investment plan, Oracle surged 6.3% on leadership changes and AI strength, Apple rallied 4.3% on robust iPhone 17 demand, and Tesla gained 1.9% on product and self-driving expectations. Investors now await Friday’s PCE inflation data for clues on Fed policy.

Market Movers

On Monday, the top gainers were Boxlight Corporation (+205.77%), followed by AgriFORCE Growing Systems Ltd. (+137.76%). On the contrary Helius Medical Technologies, Inc. (-33.61%), and HUHUTECH International Group Inc. (-32.76%) declined the most the same day.

Commodities Update

Oil prices rebounded Tuesday, with WTI trading near $62.80 and Brent around $67 a barrel, snapping a four-day losing streak as traders weighed supply prospects and geopolitical risks. Iraq may soon restart crude exports via Kurdistan, potentially adding 230,000 bpd to global supply, while also boosting shipments under OPEC+ to 3.4–3.45 million bpd in September. At the same time, tensions escalated after NATO accused Russia of airspace violations, and Middle East risks persisted amid UN recognition of a Palestinian state during Israel’s ongoing conflict in Gaza.

Gold surged to a record above $3,770 an ounce, supported by a weaker dollar and expectations of further U.S. rate cuts. The Fed cut rates last week and signaled more easing, with markets pricing in nearly two additional 25-basis-point reductions this year. Diverging Fed views surfaced as Governor Miran called for aggressive cuts to protect jobs, while others urged caution given inflation risks. Traders now await Powell’s remarks and the upcoming PCE inflation data for further policy signals

Macro Updates

Boeing Nears Major Aircraft Deal with China

The U.S. and China are close to finalizing a significant Boeing aircraft order, according to Ambassador David Perdue, signaling progress in stabilizing trade relations. While details on size and timing remain unclear, the deal would mark renewed commercial cooperation, bolster Boeing amid competition from Airbus, and potentially add momentum to broader U.S.-China trade talks.

Trump Set to Approve TikTok U.S. Divestment Deal

President Trump will certify a deal separating TikTok’s U.S. operations from ByteDance, leaving the Chinese firm with under 20% ownership. Control will shift to U.S. and global investors, including Oracle and Silver Lake, with Oracle managing U.S. user data. Backers such as Lachlan Murdoch, Larry Ellison, and Michael Dell are involved. The White House expects no further negotiations with Beijing, though final paperwork is pending.

Bonds Commentary

The 10-year U.S. Treasury yield held near 4.14% Tuesday after a four-day climb, as traders weighed Fed officials’ mixed views on rate cuts. While some urged caution amid stabilizing inflation, Governor Stephen Miran warned that insufficient easing could harm the labor market. Attention now turns to Powell’s upcoming remarks and Friday’s PCE inflation data. Uncertainty also lingers over congressional budget talks to prevent a September 30 government shutdown.

Futures Update

U.S. stock index futures traded slightly higher Tuesday, pausing after a three-day Wall Street rally and record highs, as investors awaited Fed Chair Jerome Powell’s speech. Dow futures were up 0.2%, S&P 500 futures rose 0.1%, and Nasdaq 100 futures gained 0.1%. The gains followed Monday’s fresh records, driven by Nvidia’s $100 billion investment in OpenAI to expand data center capacity

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