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CPI Released, Major U.S. Indices Open Higher

On September 11, U.S. stocks opened with the Dow Jones Industrial Average rising over 1%, the S&P 500 increasing by 0.8%, and the Nasdaq up by 0.8%. Oracle (ORCL.N) surged over 7% after its first-quarter revenue and profit exceeded expectations, Intel (INTC.O) rose more than 1%, and SK Hynix (SKHY.O) gained 1.5%.

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    On September 11, U.S. optical communication stocks collectively surged, with Viavi Solutions, Amphenol, Coherent, AXT Inc, and Lumen Technologies rising over 3%. Additionally, Qioptiq, Applied Optoelectronics, and Ciena increased by more than 2%, while MaxLinear and Corning saw gains of over 1%.

  • Canadian MP Urges Trump: Relax Tariffs to Help U.S. Combat Inflation with Canadian Oil and Minerals

    On September 11, Pierre Poilievre, leader of the Conservative Party of Canada, stated that Canada possesses abundant oil and mineral resources that could help alleviate inflationary pressures in the United States, but the Trump administration needs to relax its tariff policies against Canada. Poilievre strongly promoted Canada's 'affordable energy' and mentioned that he has discussed establishing a 'strategic mineral and oil national reserve' with Canadian Prime Minister Mark Carney for allies to use in times of need. Poilievre said, 'By strengthening trade with Canada, we can lower your cost of living. We can ensure that in the event of future conflicts—hopefully never occurring—we have ample supplies while also restoring the industrial base across the North American continent. But this must be achieved through cooperation.'

  • Iran's Foreign Ministry: Regional Meeting of Gulf Countries Scheduled for Next Monday

    On September 11, Iranian Foreign Ministry spokesman Baghaei announced plans for a regional meeting involving Gulf coastal countries. This meeting represents a significant development, with hopes that it will enhance mutual understanding among regional nations and contribute to strengthening regional security. Iran, Iraq, and other Gulf coastal countries will participate in this meeting, which will take place next Monday in Oman. In addition to other regional issues, the participants will discuss the outcomes of negotiations between Iran and Oman regarding the establishment of a safe commercial shipping corridor in the Strait of Hormuz. The Iranian Foreign Ministry spokesman also mentioned a previous agreement between Iran and Oman on a temporary shipping corridor in the Strait of Hormuz, emphasizing Iran's commitment to taking action to ensure the safety of shipping in the Strait. However, he stated that as long as the U.S. acts aggressively and interferes illegally, including through maritime blockades and economic warfare, the safety of shipping in the Strait of Hormuz cannot be guaranteed.

  • Nasdaq Futures Rise by 1%

    Nasdaq futures have increased by 1%, while S&P 500 and Dow futures have risen by over 0.9%.

  • Goldman Sachs: CPI Meets Expectations, Market Shouldn't Focus on It

    On September 11, Goldman Sachs economist Alexandra Wilson-Elizondo stated: "Today's CPI largely meets expectations, which on the surface is the result investors hoped for, but it indeed heightens the suspense for next week's interest rate decision. The challenge is that the data does not fully reflect some of the recent inflation pressures, and there is almost no evidence that inflation is returning to target in the short term. The survey period for this report predates the latest round of energy price increases and the surge in commodity prices that has spread from energy to metals and agriculture. Today's inflation data does not eliminate the possibility of stronger price pressures in the future. In summary, today's data meeting expectations will allow the Federal Reserve to keep the option of raising rates open, but it does not force them to act, so the market may focus more on communication from Waller, energy prices, labor market data, and what happens next, rather than the content released today." (Jinshi)

  • Spot Gold Rebounds Over $70 After CPI Release

    On September 11, spot gold rebounded over $70 from its low following the CPI announcement, surpassing $4,360 per ounce, after previously dipping to around $4,290 per ounce.

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  • U.S. Core CPI Monthly Rate Hits Highest Level Since May

    On September 11, the U.S. seasonally adjusted core CPI for August recorded a monthly increase of 0.3%, the highest level since May of this year, surpassing market expectations of 0.2% and matching the previous value of 0.2%. The unadjusted annual core CPI for August fell to 2.4%, marking a decline for three consecutive months and reaching the lowest level since April 2021, in line with expectations, while the previous value was 2.5%. (Jin Shi)

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    The Dollar Index DXY has risen over 20 points in the short term, currently reported at 99.32.

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