Key News
1. According to Lebanon's Al-Ahram newspaper: Saudi Arabia has requested Oman to mediate a two-week ceasefire with the Houthi rebels; during this period, humanitarian demands will be discussed, and an agreement will be announced before the end of this week.
2. US initial jobless claims for the week ending September 12 were 196,000, below the expected 208,000 and the previous week's 206,000.
3. US August housing starts totaled 1.275 million units annualized, below the expected 1.309 million units, and the previous month's figure was revised from 1.239 million units. US August building permits totaled 1.394 million units, below the expected 1.41 million units and the previous month's 1.433 million units.
4. The Bank of England maintained its policy rate at 3.75% for the sixth consecutive meeting, in line with market expectations.
5. Bank of England: The Bank of England passed its interest rate decision with a 6-3 vote. Monetary Policy Committee members Green, Mann, and Chief Economist Peale supported the rate hike. The Monetary Policy Committee also voted 9-0 to gradually exit quantitative easing at an average annual rate of £46 billion, a policy that will continue until 2034 (the Bank of England's market survey predicts a reduction of £50 billion in 2026/27).
Individual Stock News
1. Market News: Microsoft (MSFT.O), Marvell Technology (MRVL.O), and Utimaco will launch the industry's first secure, cloud-scale payment solution.
2. Nvidia (NVDA.O) CEO Jensen Huang: Nvidia's chip sales next year will double this year's.
3. Nokia (NOK.N) announced an expanded partnership with Microsoft (MSFT.O), integrating Nokia Data Suite with the Microsoft Fabric platform.
4. Nebius announced a comprehensive price increase for its GPU cloud services starting October 1st, with an average increase of approximately 20%.
5. Intel's (INTC.O) CEO stated that the company's current CPU supply can only meet 50% of customer demand. He also revealed that Intel's 18A node has entered mass production, and the 14A node will go into production in the first quarter of next year.
