PRE-OPEN
Canadian futures are higher as oil prices and bond yields paused following a recent surge, with investors bracing for a widely expected interest-rate hike from the U.S. Federal Reserve.
Canada will let businesses immediately write off the cost of most new capital investments for tax purposes, Prime Minister Mark Carney said, unveiling a measure aimed at strengthening the economy and drawing more foreign investment.
Canadian home sales fell in August as rising economic uncertainty and increased mortgage rates weighed on activity, data from the Canadian Real Estate Association showed.
Canadian wholesale trade grew by 0.3% in July from June on higher sales in the building materials and supplies subsector, as well as the food, beverage and tobacco subsector, Statistics Canada said.
European Commission President Ursula von der Leyen said on Wednesday she wanted to open the door to Canada becoming the EU's first "associate member," in a significant policy shift alongside plans to forge new links in "an openly hostile world".
Canada's transport minister said on Tuesday he expects strong interest from Canadian pension funds and possible participation from Australians, as the country opens its four largest airports to private investment.
Adyton Resources Corporation (TSXV: ADY) (OTCQB: ADYRF) (FSE: 701) wishes to correct a typographical error in its news release dated September 15, 2026, titled "Adyton Intersects 167m @ 1.14 g/t AuEq from Surface at Kabang, Feni Island; Provides Corporate Update.”
In the "Fergusson Island Progress Update" section, the release stated that the Company is targeting commercial production in "Q427." This was a typographical error. The correct target for commercial production is Q426 (fourth quarter of 2026).
All other information in the September 15, 2026 news release remains unchanged. For more information about Adyton and its projects, visit www.adytonresources.com
Gemdale Gold Inc. (TSXV: GEMG)(OTCQB:GDGIF)announce that WestGold Metals Corp. ("WestGold" formerly known as Nordique Resources Inc) has entered into an option acquisition agreement with Jesmond Capital Ltd. ("Jesmond"), pursuant to which WestGold has agreed to assign and transfer to Jesmond all of WestGold's right, title, benefit and interest in the option (the "Option") to acquire a 100% interest in the Isoneva Gold Property in Finland.
The assignment is being completed pursuant to an agreement between WestGold and Jesmond, with Jesmond assuming WestGold's obligations under the existing option agreement with Gemdale (the "Underlying Option Agreement") from closing. The original terms of the option agreement between Gemdale and WestGold remain unchanged.
Completion of the assignment is subject to a number of conditions, including completion of Jesmond's Qualifying Transaction and concurrent financing and receipt of the required TSX Venture Exchange, regulatory and third-party approvals and acknowledgements.
Following closing, Gemdale will continue to own 100% of the Isoneva Gold Property until such time as Jesmond completes the terms of its earn-in and exercises its option. Gemdale will also continue to act as operator of the Isoneva Gold Property in accordance with the terms of the Underlying Option Agreement.
Toby Strauss, President and CEO, comments: "We are pleased to welcome Jesmond as our proposed new option partner for the Isoneva Gold Property. We look forward to working closely with the Jesmond team as we continue to advance Isoneva and unlock the significant potential we believe this project holds.
"The proposed assignment provides a clear path forward while maintaining the original terms of the option agreement, and we look forward to building a strong working relationship with Jesmond as the project progresses.”
Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D)announce that a high-level field visit to the Company's Banio Potash Project in Gabon was completed on Sept. 10 by the U.S. Embassy Acting Chargé d'Affaires ("ACDA") for Gabon, Ms. Susan N'Garnim, and a delegation of U.S. diplomats. The visit provided a first-hand review of the project's operation, exploration activity and its surrounding communities and is a demonstration of the strong support Banio continues to receive from the U.S. government and the U.S. Development Finance Corporation ("DFC") which is supporting Millennial's Definitive Feasibility Study ("DFS") on the project.
Farhad Abasov, Millennial's Chair, commented "The visit by the U.S. Embassy Acting Chargés d'Affaires Ms. Susan N'Garnim and the Embassy delegation provided an excellent opportunity for them to witness the scale of the Banio Potash Project, the ongoing drilling and field work, the resource potential, and the extensive involvement of local Gabonese workers on site. The U.S. government, via the Embassy in Gabon and the DFC in Washington, has provided on-going support for the Banio Potash Project for several years. We appreciate the opportunity to interact with the ACDA and senior diplomatic staff at the Embassy, present our project on the ground, and strengthen the strong working relationship we currently enjoy as a responsible and proactive development company in Gabon."
ACDA N'Garnim and the delegation toured the Company camp and logistics facilities, attended a technical presentation by the Company on potash outlining the potential benefits a project of this magnitude can bring to the region and an update on the progress of the Banio DFS. The ACDA inspected potash-rich drill core from new drillhole BA-006 and expressed great satisfaction at the Company's progress to date. The delegation also had the opportunity to review drilling at the BA-008 drill site where the drill team was actively advancing casing to prepare for cementation. ACDA N'Garnim and the delegates expressed that their visit exceeded expectations and were very impressed with the Company infrastructure at the project and the high level of professionalism displayed by the MLP team.
Millennial Potash continues exploration drilling at BA-007 and 008 to potentially extend potash resources south and west of the current project Mineral Resource Estimate ("MRE") which is comprised of Measured Mineral Resources Estimate of 648.2M tonnes grading 15.7% KCl, an Indicated MRE of 1.8B tonnes grading 15.6% KCl, and an Inferred MRE of 3.56B tonnes grading 15.6% KCl (see press releases dated Dec. 29, 2025 and November 17, 2025). The current 4-hole program is planned for completion in 2026 at which time an updated MRE is expected to be completed. Millennial is also advancing its planned Definitive Feasibility Study and its planned Environmental and Social Impact Assessment study.
Alaska Energy Metals Corporation (TSXV: AEMC)(OTCQB:AKEMF) announce that it has completed the purchase of the Canwell claim block, a key part of the Nikolai Nickel Project, which is known to host high grade nickel (Ni) - copper (Cu) - platinum-group metal (PGE) mineralization (as documented in the Company's January 4, 2024 press release). The claim block has been the subject of an option agreement originally announced February 4, 2022 between AEMC predecessor Millrock Exploration Inc., and prospector David Johnson, as amended January 21, 2024 and August 15, 2025. With the final option payment having been made, a 100% interest in the claims is being tranferred. Total paid for the Canwell property is 7.0 million AEMC shares, US$500,000 with a US$50,365 inflation adjustment. The minimum exploration work commitment of US$3,200,000 was exceeded. A 3% royalty, which may be extinguished by payment of US$9 million is being granted. View the original press release on ACCESS Newswire
Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces that our Board of Directors has declared a quarterly dividend of US$0.12 per common share, payable in cash on October 15, 2026 to shareholders of record at the close of business on September 30, 2026. This dividend is designated as an "eligible dividend" for Canadian income tax purposes.
Dividend payments to non-residents of Canada will be subject to withholding taxes at the Canadian statutory rate of 25%. Shareholders may be entitled to a reduced withholding tax rate under a tax treaty between their country of residence and Canada. For further information, see Alvopetro's website at https://alvopetro.com/Dividends-Non-resident-Shareholders.
Edge Total Intelligence Inc. (TSXV: CTRL) (OTCQB: UNFYF) (FSE: Q5I) a provider of real-time digital operations and decision intelligence software, is invited to host a panel on Leveraging AI-Enabled Digital Twins to Enhance Public Shipyard Operations at the Defense TechConnect Innovation Summit and Expo 2026, being held September 22-24 at the Gaylord National Resort & Convention Center in National Harbor, Maryland.
Throughout the Exposition edgeTI will demonstrate its edgeCore™ Digital Twin platform live at Booth 601, showcasing integrated maritime and defense capabilities.
"This year's Defense TechConnect brings together the technologies, partners, and maritime leaders focused on a challenge of national importance-how we increase the speed and effectiveness of shipbuilding and sustainment using the systems and information we already have," said Jason Nichols, Chief Executive Officer at edgeTI.
FireFox Gold Corp. (TSXV: FFOX)(OTCQB:FFOXF) announce the discovery of the "Lammas Zone" at its 100%-owned Mustajärvi Gold Project in Lapland, Finland. Lammas is a newly recognized high-grade gold-mineralized zone that is nearly a kilometre east of the main Mustajärvi Shear Zone (MSZ) (Figure 1). The discovery drill hole, 26MJ032, intersected several gold-mineralized intervals.
Since the initial discovery in 2018, the Company's focus has been on exploring the three known kilometres of mineralization along the MSZ, making new discoveries at the Northeast and East Zones. Now that FireFox is working towards completing its initial resource estimate for the project early in 2027, the arrival of a second drill rig has allowed testing of a broader array of targets across the property. Lammas is one of several such priority targets that are receiving their first drill tests as targets for future resource growth at Mustajärvi.
Carl Löfberg, FireFox's CEO, commented, "The results from this hole indicate just how much potential for discovery and expansion remains in the Mustajärvi Shear Zone system. Here at Lammas, work is just beginning, but this structural trend appears to have continuity over some appreciable distance. It is common in orogenic gold systems to find mineralization along multiple structures, either parallel splays of a fault system or stepovers where one system is offset but continues. We have now drill-tested the structure in both directions along strike from the discovery hole, and geophysics and BoT geochemistry suggest that it could continue across the highway onto our northern block and eventually to ground held by Agnico Eagle Mines, more than 1 kilometre away. We plan to return to drilling on the structure in the coming weeks when winter conditions provide better access. In the meantime, we look forward to assays from the two other holes we have completed at Lammas, as well as from our other drilling at multiple targets throughout the project."
First Phosphate Corp. (NASDAQ: PHOS) (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) announce that it has received a Letter of Support from Swiss Export Risk Insurance ("SERV") for approximately USD 212.5 Million for the purchase of Swiss machinery and equipment for its igneous phosphate mine project, as well as goods and services for the construction of its processing facility in Saguenay-Lac-St-Jean, Quebec, Canada.
SERV is prepared to consider insurance/guarantees in support of a buyer credit financing based on an assumed eligible Swiss export contract value of USD 250 million where SERV would consider supporting a financed amount of approximately USD 212.5 million, corresponding to 85% of such contract value. Should the final eligible Swiss export contract value be higher, SERV would be prepared to consider a correspondingly higher financing amount.
Integral Metals Corp. (CSE: INTG | OTC: ITGLF | FSE: ZK9) announce the completion of its 2026 diamond drilling program at the KAP Project ("KAP" or the "Project") in the Mackenzie Mountains, Northwest Territories. Following mobilization in early August, drilling began on August 8 and concluded on September 10, 2026. Demobilization of the drill rig and field operations is underway.
The program built on the plans outlined in the Company's July 13, 2026 news release and follows historical exploration and Integral's 2025 soil sampling and drilling of carbonate-hosted mineralization at the Main showing. This year's drilling focused on better defining the Main showing's geometry, testing gaps between areas of drill coverage, and evaluating potential extensions. The program also tested a zinc-lead soil anomaly at the nearby Steep Creek showing, providing a separate area to evaluate the Project's mineralization potential beyond Main.
"This season's drilling allowed us to investigate the boundaries of the Main showing and test the nearby Steep Creek target," said Paul Sparkes, Chief Executive Officer of Integral Metals. "Our next step is to assess the geological and assay data from each area to guide future exploration. We thank our field team, contractors and local partners for their work throughout the program.”
Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) announce that drilling has commenced as part of the Company's planned 10,000-metre ("m") diamond drill program (the "Drill Program") and that an approximately 65 line-kilometre SWATH direct current induced polarization and magnetotelluric ("IP-MT") geophysical survey is also underway at its district-scale Corral Copper Project ("Corral" or the "Project") in Cochise County, Arizona.
"With both drilling and the IP-MT survey underway, we now have two major field programs advancing in parallel at Corral," said Matt Lennox-King, Chairman and Interim Chief Executive Officer of Intrepid. "We are beginning the Drill Program with targets that build on the extensive near-surface CRD mineralization already identified through our previous drilling and property-wide surface exploration programs completed earlier in 2026. The IP-MT survey will provide an important three-dimensional view of the subsurface across our priority target areas and help us refine the location and orientation of our first dedicated porphyry drill holes. Together, these programs give us multiple opportunities to add scale and make new discoveries at Corral.”
Lithium Africa Corp. (TSXV: LAF) (FSE: 6MQ) (OTCQB: LTAFF) reports rock sampling results from its Agboville license in Côte d'Ivoire that define the Kanien Trend, the second of two primary spodumene pegmatite trends in the Company's Adzopé District (the "District") alongside the Saby Trend at Adzopé. Nineteen spodumene-bearing pegmatite samples from the Kanien Trend returned up to 1.98% Li2O, with 14 of 19 above 1.0% Li2O, highlighting the discovery potential of the District. Through its 50/50 joint venture with GFL International Co., Ltd., the Company is advancing a district-scale exploration program across the approximately 485 km sq of granted licenses that make up the District as a single, integrated opportunity. The Company has also applied for the adjacent Sikensi license (approximately 368 km sq), which, if granted, would extend the District.
Thomas R. Benson, Ph.D., Chief Executive Officer and Director of Lithium Africa, commented: "Following a year of systematic, disciplined field work by our Ivorian team, the Adzopé District now has two primary spodumene trends. The Kanien Trend, grading up to 1.98% Li2O and on strike with our neighbor's spodumene occurrences, joins the Saby Trend, which the Lithium Africa team identified earlier and where our drilling campaign is ongoing. The Kanien results are early-stage, but taken together, the two trends point to an emerging lithium district rather than a series of isolated occurrences. Our approach from here is to explore it as one: use mapping, geochronology, and granite geochemistry to identify the fertile intrusions across the District, and drill only the targets that can move the value of this Company."
Omega Pacific Resources Ltd. (CSE: OMGA) (OTCQB: OMGPF) (FSE: Q0F) announce the commencement of its 2026 drill program at the Williams Property ("Williams"), located in British Columbia's Toodoggone District.
Jason Leikam, CEO of Omega Pacific, stated, "Our 2026 drill program at the West GIC gold target is designed to achieve two key objectives. Firstly, to deliver results similar to our 2024 program. Secondly, to confirm the potential for West GIC to host a multimillion-ounce gold deposit," said Jason Leikam, CEO of Omega Pacific. He added, "We are entering an exciting juncture in the advancement of this project. West GIC gold mineralization is open in all directions. This initial program will seek to extend known mineralization and set up for an expanded Phase 2 drill program.”
Peruvian Metals Corp (TSXV: PER) (OTC Pink: DUVNF) announce that the Company has commenced underground development at its 100% owned Palta Dorada Gold-Silver property (the "Property") located in the Ancash department in Northern Peru. Road access throughout the Property has been significantly improved, and all historic adits and mine openings have been cleaned out with new re-established mine portals. The Company has also purchased the required equipment and reconditioned the generator and an industrial winch for this work to commence immediately. The Camp has been significantly improved to house more personnel, and communication infrastructure has now been established.
The Property covers an area of approximately 2,250 hectares. It is accessible from Peruvian Metals' Aguila Norte processing plant ("Aguila Norte" or the "Plant") by approximately 140 kilometres of mainly paved roadway. The Company is capable of extracting both oxide and sulphide material. Oxide material will be initially sold to local tolls mills capable of treating oxide material whereas sulphide material will be shipped to the Plant for processing.
The work from May to the end August consisted of re-establishing the main mine portals to the San Juan Vein from two different level locations. The main portal, located on the 883-metre level, is the primary access to a 180-meter-long drift which required several places to be cleaned out and re-established with new support infrastructure. This work is now complete, allowing for a safer working environment. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/314325
Planet Ventures Inc. (CSE: PXI) (OTC Pink: PNXPF) (FSE: P6U)announces that, effective September 18, 2026, the Company will consolidate its common shares (the "Shares") on a five (5) for one (1) basis (the "Consolidation").
The Consolidation is subject to acceptance from the Canadian Securities Exchange, which will be evidenced by dissemination of a bulletin advising of the date of the Consolidation. The name of the Company and trading symbol will remain the same after the Consolidation. The new CUSIP number will be 727053407 and the new ISIN number will be CA7270534075 for the post-Consolidation Shares.
The total issued and outstanding number of Shares post-Consolidation will be approximately 61,718,883, subject to rounding for fractional Shares.
Purecore Metals Inc. (CSE: PURE) (FSE: J8Y) (OTCQB: PPURF) announce that it has commenced a comprehensive data compilation and technical review program at the Yurchison Uranium Property ("Yurchison" or the "Property") in the Athabasca Basin, northern Saskatchewan.
Purecore holds an option to earn up to a 100% interest in Yurchison pursuant to its definitive option agreement with Skyharbour Resources Ltd. (TSXV: SYH). The Property comprises 22 claims covering approximately 35,029 hectares and is located approximately 75 kilometres south of Cameco Corporation's Rabbit Lake operation.
The program is intended to consolidate historical and modern geological, geochemical, geophysical and exploration information into an integrated project database and geological framework. The resulting dataset will be used to refine areas of interest, identify where multiple layers of technical evidence converge and prioritize targets for potential future field exploration.
Peter Berdusco, President and Chief Executive Officer of Purecore, commented:
"Yurchison has decades of exploration history and a significant volume of modern geophysical data. This program brings that information together into an integrated geological framework to refine our understanding of the Property and prioritize areas for future exploration.”
Skyharbour Resources Ltd. (TSXV: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) announce that partner company Purecore Metals ("Purecore") has commenced a comprehensive data compilation and technical review program at the Yurchison Uranium Property ("Yurchison" or the "Property") in the Athabasca Basin, northern Saskatchewan. The program is intended to consolidate historical and modern geological, geochemical, geophysical and exploration information into an integrated project database and geological framework. The resulting dataset will be used to refine areas of interest, identify where multiple layers of technical evidence converge and prioritize targets for potential future field exploration. Company's website at www.skyharbourltd.com.
Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) announce that the Initial Project Description (“IPD”) for its 100%-owned Berg Copper Project (“Berg” or the “Project”), located in central British Columbia, has been accepted by the British Columbia Environmental Assessment Office (“EAO”) and the Impact Assessment Agency of Canada (“IAAC”).
The Company submitted the IPD on September 9, 2026. Its acceptance formally commences the Early Engagement phase of the provincial environmental assessment process and the Planning phase of the federal impact assessment process. Leif Nilsson, Chief Executive Officer, commented: “Acceptance of the IPD represents an important milestone for Berg and formally moves the Project into the environmental assessment process. A significant amount of technical, environmental, and engagement work has been undertaken to prepare for this stage, and I would like to acknowledge the contributions of Wet’suwet’en Hereditary Chiefs, staff at the Office of the Wet’suwet’en, the elected Chiefs and Councils of Witset First Nation, Wet’suwet’en First Nation, Nee Tahi Buhn Indian Band, Skin Tyee First Nation, and Cheslatta Carrier Nation, our government counterparts, and the many members of the Surge team and our consultants who have contributed to that work. Berg is entering environmental assessment from a strong technical foundation following completion of the PFS earlier this year, while substantial environmental baseline, engineering, and engagement programs continue. We look forward to working collaboratively with First Nations, local communities, regulators, and other participants as the Project progresses through this next stage.”
Viridian Metals Inc. (TSXV: VRDN) announce an Exploration Target of 41 to 61 million tonnes grading 0.35% to 0.52% copper equivalent (“CuEq”) at Kraken Main, part of the Company’s 100%-owned Kraken copper-nickel-cobalt project in Labrador. The potential quantity and grade an Exploration Target are conceptual in nature. There has been insufficient exploration to define a Mineral Resource, and it is uncertain if further exploration will result in the Exploration Target being delineated as a Mineral Resource.
The Initial Exploration Target is based entirely on drilling completed prior to the current 2026 program and uses an average mineralized thickness of 8.6 metres. None of Viridian’s 2026 drilling is included, including the recently reported 50.15-metre mineralized interval in VKS25-024 (as reported in Viridian’s news release dated September 8, 2026).
“The important thing about this initial target is what is not in it,” said Tyrell Sutherland, President and CEO of Viridian Metals. “It is based on an average mineralized thickness of just 8.6 metres, includes none of our 2026 drilling and covers only Kraken Main within a broader system containing over 60 conductors. With relatively sparse drilling informing the target, there remains a great deal to learn about the thickness and continuity of this zone. We have already reported mineralized intervals exceeding 50 metres from this year’s program and continue to infill it to better define its scale. This gives us a solid starting point for understanding the potential of the broader Kraken system.”
Westgate Energy Inc. (TSXV: WGT) announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood” or the “Underwriter”) as sole underwriter and bookrunner, pursuant to which the Underwriter has agreed to purchase, on a bought deal private placement basis, 20,000,000 units of the Company (the “Units”), each consisting of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”), at a price of $0.25 per Unit (the “Issue Price”) for aggregate gross proceeds to the Company of $5,000,000 (the “Offering”), subject to the terms and conditions of the agreement. Each Warrant will entitle the holder to purchase one additional Common Share at an exercise price of $0.35 for a period of 24 months following the Closing Date (as defined herein). visit www.westgateenergy.ca.
Xali Gold Corp. (TSXV: XGC) provides an update on its projects in the El Oro Mining District of Mexico as the Company focuses on advancing the Pico Machay Gold Project in Peru.
The Company maintains certain rights to the El Oro property, where 6.4 million (“M”) ounces (“ozs”) of gold and 74M ozs of silver was mined historically (Ref. Mexico Geological Service Bulletin Nr. 37, Mining of the El Oro and Tlalpujahua Districts, T. Flores in 1920). Previously, diamond drilling by the Company identified high-grade gold and silver mineralization located below historic mine workings and the Company entered into two agreements with third parties which offer potential to bring in cash flow through Net Smelter Returns (“NSR”) .
While the Company believes that there is excellent potential for discoveries and revenues from its various El Oro projects, delays experienced to date have reduced their strategic priority relative to the recently acquired Pico Machay Gold Project in Peru. The Company has therefore recently entered into discussions regarding the potential sale of its El Oro hard-rock interests to companies with operations in Mexico. Xali Gold’s subsidiary, Minera CCM S.A. de C.V., has a tax loss carry forward of approximately US$3,044,560 (52,187,871.00 pesos), which could potentially be useful to operational entities, in addition to the mineral exploration potential.
ECONOMIC DATA 0815 House Starts Annualized for Aug: Expected 240,000; Prior 229,100 0830 Building permits MM for July: Expected -6.4%; Prior 18.5%
The Canadian Securities Exchange ("CSE" or "the Exchange")announced market statistics for August 2026.
August 2026 Operating Statistics
Trading volume of CSE listed securities totaled 1.2 billion shares;
Trading value of CSE listed securities was $467 million;
CSE issuers completed 62 financings that raised an aggregate $165 million; and
The CSE welcomed listings from nine new companies and three fundamental changes of existing issuers, bringing total listed securities to 739 as at August 31, 2026.
"The Canadian Securities Exchange continues to achieve industry-leading growth in new Canadian corporate listings," said Richard Carleton, CEO of the CSE. "We welcomed a total of twelve new corporate listings to the Exchange in August and another three to date in September, with particular strength in the mining industry. Mining entrepreneurs are eager to capitalize on exploration opportunities in today's market and continue to recognize the CSE as a cost-effective exchange that provides access to the capital and liquidity that helps them achieve their corporate objectives."
Euro STOXX 50 futures were up 12 points at 6,255, FTSE futures added 23.5 points to 10,684, German DAX futures gained 34 points to 25,464, by 0430 GMT.
Stocks were in a holding pattern in the Asian trading session as a rise in global bond yields and oil prices paused ahead of the Federal Reserve's policy decision due later in the day.
Oil prices fell after an unexpected build in U.S. crude inventories, while investors assessed supply risks after Saudi Arabia suspended oil loadings at its Yanbu port following an attack on its East-West pipeline to the Red Sea.
Stocks in Asia traded slightly lower as a rise in global bond yields and oil prices paused ahead of the Federal Reserve's policy decision due later in the day.
The dollar was hanging on to recent gains and trading near multi-week highs on a handful of major peers ahead of a Federal Reserve decision where traders expect the first of what could be several U.S. interest rate hikes.
Wall Street extended its selloff on Tuesday, as rising U.S. Treasury yields, mounting debt concerns and soaring crude prices kept buyers on the sidelines.
U.S. Treasury yields rose on Tuesday, with the benchmark 10-year Treasury note yield ascending to its highest level since July 2007 as investors brace for what may be the first in a series of rate hikes from the Federal Reserve as it tries to dampen inflation pressures.
Gold held steady as investors geared up for the U.S. Federal Reserve's policy decision, where a rate hike is widely expected.
S&P 500 Index Mini Futures: 7,601.00; up 0.15%; 11.75 points DJIA Mini Futures: 52,195.00; up 0.15%; 80 points Nikkei: 63,753.84; up 0.42%; 269.74 points MSCI Asia, Ex-JP: 867.32; up 0.48%; 4.18 points EUR/USD: $1.1544; flat GBP/USD: $1.3484; up 0.04%; 0.0006 point USD/JPY: 155.34 yen; up 0.16%; 0.24 point Spot Gold: $4,322.37; up 0.69%; $29.68 U.S. Crude: $104.60; down 1.16%; $1.23 Brent Crude: $107.84; down 0.84%; $0.91 10-Yr U.S. Treasury Yield: 4.9917%; down 0.004 point 10-Yr Bund Yield: 3.5402%; up 0.0045 point
US
The Fed is expected on Wednesday to hike interest rates for the first time since 2023, a decision driven by stubbornly high inflation and a global rise in borrowing costs that will heighten scrutiny of how U.S. central bank chief Kevin Warsh describes the first monetary policy change on his watch.
Treasury yields and oil prices stabilized, helping stock index futures rebound ahead of the Federal Reserve's interest rate decision, which traders expect could mark the first of several U.S. rate hikes.
Boeing Co: Korean Air has finalized an order for 103 Boeing aircraft worth $36.2 billion at list prices, including wide-body passenger jets, freighters and single-aisle planes, the airline and the U.S. planemaker said, completing a deal first announced in 2025. The order includes 20 777-9s, 25 787-10s, 50 737-10s and eight 777-8 Freighters. Of the aircraft in the order, only the 787 is currently certified for commercial service, while Boeing is still developing the 777-8 Freighter. Aviation advisory and intelligence firm IBA estimated the aircraft order is worth about $12.6 billion at current market prices after discounts.
Intel Corp: South Korea's SK Hynix is in talks with Intel about a deal that would see it manufacture memory chips on U.S. soil for the first time, three people familiar with the discussions said. Under one potential scenario, SK Hynix would lease part of Intel's long-planned chipmaking facility in Ohio, they said. Under another scenario, it could form a venture with Intel and major cloud firms that are keen to lock in memory chip supplies, two of the people said. A deal would relieve pressure on Intel, which has been struggling, and mark a big win for the Trump administration, which has been ramping up pressure on chipmakers to build in the United States as relentless investment in AI and data centres fuels an acute shortage of memory chips.
JPMorgan Chase & Co: The lender expects investment banking fees and trading revenue growth to be strong in the third quarter, co-President Doug Petno said at an investor conference on Tuesday. Shares of the largest U.S. lender erased earlier losses and closed up about 0.7%, as the comments calmed some nerves after Bank of America's weak forecast on Monday triggered a selloff in U.S. big bank stocks. Speaking at the Barclays Global Financial Services Conference, Petno said investment banking fees and markets revenue were expected to be up "mid-to-high teens" percentage in the third quarter. Deal activity is robust and JPMorgan was seeing broad-based strength in investment banking and markets businesses, Petno said.
McCormick & Company Inc: Britain's competition regulator launched an investigation into the $65 billion merger between Unilever's foods business and U.S. spice maker McCormick to assess whether the deal could reduce competition in the UK. If the deal goes through, it would create one of the world's largest flavourings and food products companies, combining household brands such as Knorr, Hellmann's, French's and Frank's RedHot as food manufacturers seek scale to offset rising costs and changing consumer demand.
Meta Platforms Inc: CEO Mark Zuckerberg said on Tuesday that competition and liability give AI companies enough reason to act individually on safety, appearing to break from calls by leaders of top AI firms for a coordinated slowdown in AI development. The comments underscore a split among industry executives and U.S. authorities over how to respond to warnings that the technology is advancing faster than companies can control it, with some industry insiders warning it poses an existential threat to humanity. Separately, Meta plans to release a camera-free pair of smart glasses, internally code-named Luna, this fall, following growing scrutiny of smart glasses over their recording capabilities, The Information reported on Tuesday, citing people familiar with the matter.
Norfolk Southern Corp: The company expects higher fuel prices to create a significant headwind in the third quarter, even as the railroad operator continues to gain freight share from trucks, executives told investors at a Morgan Stanley conference in California on Tuesday. CFO Jason Zampi said fuel prices had been expected to peak around May, but continued increases now represent roughly a 250-basis-point headwind to Norfolk Southern's operating ratio compared with expectations two months ago. He added third-quarter performance is projected to be slightly worse than normal seasonal trends. Despite the fuel-related pressure, executives see continued incremental freight market share gains in the current environment and said Norfolk Southern sees its next major opportunity to shift freight from highways to rail during next year's intermodal contract bidding season.
Nvidia Corp: CEO Jensen Huang is set to attend Trump's state dinner for Chinese President Xi Jinping, a source familiar with the matter said on Tuesday. Trump is scheduled to meet with Xi on September 24 in Washington. Huang's attendance at the dinner comes amid growing public alarm about the potential danger posed by AI. Nvidia supplies chips to AI developers, positioning the company as a key player in global discussions about the technology. The U.S. and China are the two major forces driving development of advanced AI tools and the technology's global adoption.
How Trump’s war on EVs derailed America’s auto-factory revival A wave of manufacturing investment promised to revive struggling heartland towns and build a U.S. supply chain for electric vehicles and batteries. But policy changes since Trump's return to office have upended the boom, costing thousands of jobs.
ECONOMIC DATA 0830 Import prices MM for Aug: Expected 0.4%; Prior -0.4% 0830 Export prices MM for Aug: Expected 0.5%; Prior -1.3% 0830 Import prices YY for Aug: Prior 6.0% 0830 Retail sales MM for Aug: Expected 0.8%; Prior -0.6% 0830 Retail sales ex-autos MM for Aug: Expected 0.5%; Prior -0.3% 0830 Retail ex gas/autos for Aug: Prior -0.2% 0830 Retail control for Aug: Expected 0.4%; Prior -0.4% 0830 Retail sales YoY for Aug: Prior 5.01% 1000 Business inventories MM for July: Expected 0.3%; Prior 0.0% 1000 Retail inventories ex-auto rev for July: Prior 0.7% 1000 NAHB Housing Market Index for Sept: Expected 34; Prior 35 1400 Fed funds target rate: Expected 3.75-4%; Prior 3.5-3.75% 1400 Fed int on excess reserves: Prior 3.65% 1400 FFR projection-current for Q3: Prior 3.8% 1400 FFR projection-1st year for Q3: Prior 3.6% 1400 FFR projection-2nd year for Q3: Prior 3.4% 1400 FFR projection-longer for Q3: Prior 3.1% 1400 FFR projection-3rd year for Q1: Prior 3.1%
Saudi Arabia's air defences destroyed a Houthi drone south of Mecca before it entered prohibited airspace over the holy city, a spokesperson for the Saudi-led military coalition in Yemen said, as fighting spreads in the Middle East.
Bristol Myers Squibb Co & Amgen Inc: Bristol Myers Squibb and Ono Pharmaceutical have sued Amgen in Delaware federal court, seeking to block Amgen's proposed U.S. biosimilar of their blockbuster cancer immunotherapy drug Opdivo. The lawsuit, filed last week and made public on Monday, alleges that Amgen's biosimilar would infringe several patents. Opdivo earned Bristol Myers more than $5.9 billion in revenue in the United States last year, according to a company report.
The U.S. acknowledgment this week that the Pentagon is operating weapons in Earth's orbit marks a landmark moment in space militarization aimed at deterring what U.S. officials describe as aggressive orbital activities from China and Russia, officials and analysts said.
UniCredit CEO Andrea Orcel does not want Bettina Orlopp to remain as Commerzbank CEO and is opposed to Berlin keeping two supervisory board seats, three people with knowledge of the matter said, as he moves towards taking over the German bank.
Cosmetics group L'Oreal became France's most valuable listed company on Tuesday, surpassing Louis Vuitton owner LVMH as high-end luxury companies remain under pressure after years of slowing sales and lacklustre earnings.
Italy's competition authority said on Tuesday it had opened an investigation into the bid by Intesa Sanpaolo, Italy's largest bank, to take over smaller peer Monte dei Paschi di Siena.
ECONOMIC DATA (GMT) 0600 United Kingdom Core CPI MM for Aug: Expected 0.3%; Prior 0.2% 0600 United Kingdom Core CPI YY for Aug: Expected 2.6%; Prior 2.6% 0600 United Kingdom CPI MM for Aug: Expected 0.5%; Prior 0.3% 0600 United Kingdom CPI YY for Aug: Expected 3.1%; Prior 2.9% 0600 United Kingdom RPI MM for Aug: Expected 0.7%; Prior 0.6% 0600 United Kingdom RPI YY for Aug: Expected 3.5%; Prior 3.2% 0600 United Kingdom RPI-X (Retail Prices) MM for Aug: Prior 0.6% 0600 United Kingdom RPIX YY for Aug: Prior 3.1% 0600 United Kingdom RPI Index for Aug: Prior 419.1 0600 United Kingdom CPI NSA for Aug: Prior 142.9 0600 United Kingdom CPI Services MM for Aug: Expected 0.3%; Prior 0.6% 0600 United Kingdom CPI Services YY for Aug: Expected 3.5%; Prior 3.4% 0600 United Kingdom PPI Input Prices MM NSA for Aug: Expected 0.4%; Prior -1.7% 0600 United Kingdom PPI Input Prices YY NSA for Aug: Expected 5.4%; Prior 4.9% 0600 United Kingdom PPI Output Prices MM NSA for Aug: Expected 0.6%; Prior 0.2% 0600 United Kingdom PPI Output Prices YY NSA for Aug: Expected 3.3%; Prior 3.1% 0600 United Kingdom PPI Core Output MM NSA for Aug: Prior 0.6% 0600 United Kingdom PPI Core Output YY NSA for Aug: Prior 2.8% 0900 Euro Zone Industrial Production MM for July: Expected -0.2%; Prior 0.0% 0900 Euro Zone Industrial Production YY for July: Expected -0.1%; Prior 0.1% 0900 Euro Zone Labour Costs YY for Q2: Prior 3.2% 0900 Euro Zone Wages for Q2: Prior 3.4%
