B[Stifel Maintains Oracle's "Buy" Rating on Project Jupiter Data Center Construction Progress Increases to 26%] On September 22, Stifel maintained the company's "Buy" rating after progress was made on Oracle's Project Jupiter data center project in New Mexico. Mahesh Thiagarajan, vice president of Oracle Cloud Infrastructure, said the project is now 26% complete, an increase of 17 percentage points from the progress disclosed in July. However, only about 10% of the fuel cell microgrid sites are complete, and there are still delays in air and water quality permits and natural gas pipeline approvals. Subsequently, the New Mexico Supreme Court unanimously rejected two legal challenges to the project permit, clearing some construction obstacles so that air quality permit hearings can move forward and the project can resume drawing water from Santa Teresa wells after a suspension of more than three weeks. Stifel also pointed out that the examiner and specific date for the air quality hearing have not yet been determined. Previously, Oracle's revenue and earnings per share in the first quarter of fiscal year 2027 both exceeded expectations, and its cloud infrastructure business maintained rapid growth, but profit margin pressure remains the focus of the market. A[Overnight global news you need to know on Saturday: Traders expect the probability of the Federal Reserve raising interest rates next week to be about 90%; Iran said it will discuss the Strait of Hormuz commercial shipping route in Oman on the 14th; international crude oil fell]
1. The three major U.S. stock indexes collectively closed higher. The Dow rose 0.98% and fell 1.57% this week. The Nasdaq rose 0.96% and fell 0.66% this week. The S&P 500 rose 0.86% and fell 0.8% this week. The optical communications sector rose, while the storage sector saw mixed gains and losses; most large technology stocks rose, with Dell Technologies rising by more than 11% and Super Micro Computer rising by more than 7%.
2. The U.S. CPI increased by 3.4% year-on-year in August, in line with market expectations; the core CPI in August increased by 0.3% month-on-month, higher than market expectations.
3. After the release of U.S. CPI data, traders predict that the probability of the Federal Reserve raising interest rates next week is about 90%.
4. Iran said it will hold a meeting in Oman on the 14th to discuss the commercial shipping route in the Strait of Hormuz.
5. Saudi Arabia’s Ministry of Energy issued a statement on the 11th saying that the Riyadh section and the Medina section of the country’s East-West Oil Pipeline were attacked multiple times on the morning of the 10th, and precautionary measures have been taken to close the pipeline.
6. After the Houthi armed forces in Yemen captured the important Red Sea town of Mucha, the number of ships passing through the Bab el-Mandeb Strait dropped sharply to single digits on the 10th.
7. Russian Presidential Press Secretary Peskov said in an interview that the Kremlin expects that Russia, the United States and Ukraine will be able to hold a trilateral meeting and continue dialogue in the near future.
8. The US Central Command stated that the US military continues to implement naval blockade operations against Iran. As of September 11, the US military had diverted 99 merchant ships.
9. The defense team of the Venezuelan president and his wife applied for the temporary release of the first lady.
10. U.S. Commerce Secretary Lutnick said that the United States can try to "earn" funds to issue $5,000 checks and will not rely on tax funds.
11. The settlement price of international crude oil futures fell. WTI crude oil futures closed at US$100.05 per barrel, a decrease of 2.37%; Brent crude oil futures closed at US$104.61 per barrel, a decrease of 2.81%.
12. International precious metals rose. Spot gold rose 0.68% to US$4348.11 per ounce, down 1.85% this week; spot silver rose 1.32% to US$64.4384 per ounce, down 2.66% this week.
13. The major European stock indexes closed collectively higher, with the UK's FTSE 100 index rising by 0.35%, France's CAC40 index rising by 0.73%, and Germany's DAX30 index rising by 0.77%.
14. The US federal government’s budget deficit reached US$1.96 trillion in the first 11 months of this fiscal year, and the government budget deficit in August was US$166.8 billion.
15. U.S. household net worth increased by a record $12.803 trillion in the second quarter from the previous quarter.
16. Citigroup expects the Federal Reserve to raise interest rates in September and cut interest rates before mid-2027.
17. Citigroup reiterated its copper price target of US$15,000 per ton within 0-3 months.
18. Standard & Poor's has significantly adjusted the US dollar rating and may lower the bond rating outlook to negative.
19. Apple said that starting from 5 a.m. Pacific time on September 12, customers can pre-order iPhone 18 Pro and iPhone 18 Pro Max on Apple’s official website and Apple Store app.
20. Oracle will invest an additional US$700 million in restructuring plans.
21. Corning reached an equity placement agreement of up to US$2 billion.
22. Tesla announced that its Semi electric heavy-duty truck will soon enter the European market.
23. The president of Rapidus, a Japanese semiconductor chip company, said in a speech in the United States that he planned to build a semiconductor factory on the moon’s surface around 2040.
24. Goldman Sachs and Bank of America are competing to manage the huge wealth Anthropic employees gained from the IPO. A[September 11 morning news selection]
1. The spokesperson of the Ministry of Foreign Affairs announced: At the invitation of Prime Minister Narendra Modi of the Republic of India, President Xi Jinping will go to New Delhi, India, from September 12 to 13 to attend the 18th BRICS Leaders’ Meeting.
2. Lu Lei, deputy governor of the People's Bank of China, said at the press conference on the theme of "Getting Started with the 15th Five-Year Plan" held by the State Council Information Office on September 10 that the "15th Five-Year Plan for Building a Financial Power" was officially launched recently. In order to implement relevant arrangements, the People's Bank of China formulated and issued the "People's Bank of China's "15th Five-Year Plan" Reform and Development Plan" and issued nine supporting action plans in related fields.
3. At the regular press conference held by the Ministry of Commerce on the 10th, Huang Ling, spokesperson of the Ministry of Commerce, said in response to relevant questions that the economic and trade teams of China and the United States have conscientiously implemented the consensus reached by the two heads of state in Beijing, and are negotiating on the framework arrangement for reciprocal tax reductions of US$30 billion, striving for early implementation.
4. The central bank issued an announcement that in order to better match the short-term liquidity needs of the banking system, the People's Bank of China will carry out overnight reverse repurchase operations from September 14 to September 17, using fixed interest rates and quantity bidding, and the daily operation volume will not exceed 600 billion yuan.
5. Li Chao, Vice Chairman of the China Securities Regulatory Commission, stated at a press conference of the State Council Information Office on the afternoon of the 10th that greater efforts should be made to release the vitality of mergers and acquisitions and restructuring reforms, and support the transformation and upgrading of listed companies, and make them better and stronger; more inclusive systems for issuance and listing, mergers and acquisitions and restructurings will be implemented, and efforts will be made to build the A-share market as the first choice for domestic high-quality companies to list; it will promote the steady increase in the scale and proportion of medium- and long-term funds entering the market, and vigorously develop equity public funds.
6. The National Development and Reform Commission and the State Administration for Market Regulation issued a notice on matters related to the cost accounting of low-price and disorderly competition for important industrial products, focusing on the production fields of important industrial products where the problem of low-price and disorderly competition is prominent, reminding and warning operators suspected of low-price and disorderly competition, and organizing cost investigations when necessary to calculate the relevant costs of operators.
7. The "Chongqing Action Plan to Cultivate and Develop Ci Yuan Economy (2026-2028) (Draft for Public Comments)" is publicly soliciting opinions. It mentioned that financial institutions are supported to explore new models such as "computing power banks" and "Ciyuan bonds + Ciyuan loans", and innovate the real estate investment trust fund model in the field of data infrastructure.
8. While the industry is in high prosperity, hidden concerns about energy storage capacity expansion are also accelerating. In response to market rumors that the approval of new energy storage battery projects may be tightened, we have recently verified with a number of battery companies that the news is true.
9. It is reported that Chinese AI chip manufacturers, including Cambrian, have significantly increased the prices of existing and new generation AI processors. In this regard, the company's wiring staff said that the company has not announced any news related to price increases.
10. I learned from Xinhu Group that Xinhu Group has recently formally submitted complaint materials to the Supreme People’s Court regarding the “10 billion mineral rights case” that has attracted widespread attention in the capital market.
11. Youcai Resources announced that the actual controller has been changed to the State-owned Assets Supervision and Administration Office of Jiangyin Municipal People’s Government, and the stock trading has resumed.
12. Yuanwanggu announced that it plans to acquire 100% equity of Guangtai Communications. The target company is mainly engaged in automated coupling equipment for optical communication devices and modules.
13. Suiyuan Technology was listed on the Science and Technology Innovation Board today, with an issue price of 142.18 yuan per share.
14. Zhuhai Guanyu stated on the interactive platform that the company currently supplies battery cells for this customer’s laptops and a variety of mobile phones, including folding machines.
15. It is reported that Chinese AI chip manufacturers, including Cambrian, have significantly increased the prices of existing and new generation AI processors. In this regard, the wiring staff of Cambrian Company said that the company has not released any news related to price increases.
16. The three major U.S. stock indexes collectively closed down, with the Dow Jones Industrial Average falling 0.6%, the Nasdaq Composite Index falling 0.65%, and the S&P 500 Index falling 0.58%. Storage sector and copper concept stocks fell; the Philadelphia Semiconductor Index fell more than 2%.
17. The U.S. PPI increased by 5.4% year-on-year in August, which was estimated to be 5.3% and the previous value was 4.7%. The month-on-month increase was 0.4%, compared with expectations of 0.4%.
18. The European Central Bank raised the deposit mechanism interest rate by 25 basis points to 2.50%, the main refinancing rate by 25 basis points to 2.65%, and the marginal lending rate by 25 basis points to 2.90%, in line with market expectations.
19. Yemen’s Houthi armed forces stated on the 10th that international ships passing through the Red Sea and the Bab el-Mandeb Strait are “not threatened” and are still safe.
20. The settlement price of international crude oil futures rose sharply. WTI crude oil futures closed at US$102.48 per barrel, an increase of 6.69%; Brent crude oil futures closed at US$107.63 per barrel, an increase of 6.34%. The national average diesel price in the United States has exceeded $6 per gallon for the first time.
21. The yield on long-term U.S. Treasury bonds continues to rise, with the 30-year Treasury yield rising to 5.34% during the session, a new high since June 2007. Freddie Mac said U.S. mortgage rates rose to 6.76%, the highest level since June 2025.
22. According to Iranian news on the 10th, Iran ordered the suspension of a 10% freight surcharge on foreign energy transport ships entering and exiting the country.
23. The US weather forecast agency stated that the probability of a very strong El Niño during the autumn and winter of 2026-27 in the northern hemisphere is over 90%.
24. Oracle’s adjusted revenue in the first fiscal quarter was US$19.35 billion, and the market forecast was US$19.13 billion. The company expects adjusted earnings per share for the fiscal year to be US$8.10; total revenue in the second fiscal quarter is expected to increase by 30% to 34%. A[Reminder of important events in the capital market next week: The suspense of the Federal Reserve’s interest rate hike in September is coming to an end, Huawei, Apple, and Xiaomi will collectively launch new products, and the 2026 China Computing Power Conference will be held]
1. The National Bureau of Statistics will release August CPI and PPI data on September 9.
2. The People’s Bank of China will launch a 500 billion yuan three-month buyout reverse repurchase operation on September 7.
3. The 2026 China Computing Power Conference will be held in Langfang from the 11th to the 13th and hosted by the Ministry of Industry and Information Technology, focusing on computing power infrastructure and AI infrastructure.
4. The United States will release August PPI next Thursday and August CPI next Friday; it may directly decide whether the Federal Reserve will raise interest rates in September.
5. Huawei will hold a full-scenario new product launch conference on September 7. The new generation of three-fold flagship mobile phone Huawei Mate XT 2 will be launched.
6. Xiaomi’s autumn flagship new product launch conference is scheduled for 7 pm on September 7, and Xiaomi Pengcheng N70 Pro/N70 Max/N90 Max will be officially launched.
7. Apple will hold its largest product launch event this year at 1 a.m. Beijing time on September 10. The company is preparing to launch a number of new products.
8. Next week, 10 billion yuan of reverse repos will mature in the central bank’s open market. In addition, 500 billion yuan of 92-day outright reverse repos will expire next Monday.
9. Three new stocks will be issued next week. Specifically, the one issued on September 7 was Baireji; the one issued on September 8 was Shengu Group; the one issued on September 10 was China Plastics.
10. A total of 50 companies will gradually lift their restricted shares next week, with a total of 2.882 billion shares lifted. Based on the closing price on September 4, the total market value of the lifted shares is 84.945 billion yuan.
11. According to the "ten working days" principle, the price adjustment window for this round is 24:00 on September 11.
12. The 2026 China International Fair for Trade in Services will be held in Beijing from September 9th to 13th.
13. The 26th China International Fair for Investment and Trade will be held in Xiamen, Fujian Province from September 8th to 11th.
14. Changes to the constituent stocks of the Hang Seng Index, Hang Seng China Enterprises Index, Hang Seng Technology Index and Hang Seng Composite Index will take effect from September 7; changes to the Hang Seng Biotechnology Index will take effect from September 14.
15. The Republican National Committee of the United States is scheduled to hold its first midterm election conference from September 9 to 10, at which Trump and Vance are expected to deliver keynote speeches.
16. The U.S. Treasury Department will at least double the maximum size of a single liquidity support repurchase operation for longer-term nominal interest-bearing Treasury securities to at least US$4 billion, effective September 9.
17. The Canadian government stated that starting from September 8, it will impose counter-tariffs on about 700 U.S. products, with tax rates of 15%, 25% or 50%. At the same time, it will launch an aid plan of 7.5 billion Canadian dollars to support companies and workers affected by the new U.S. tariffs.
18. The European Central Bank will announce its latest interest rate decision next Thursday, and the market is generally expected to raise interest rates by 25 basis points.
19. Anthropic originally planned to submit an IPO prospectus as soon as next week, but it has been postponed to late September. The market values it at a maximum valuation of US$2 trillion, making it expected to rank among the largest IPOs in history.
20. TSMC announced its August revenue report on September 10.
21. Technology companies such as Oracle and Adobe will release financial reports next week.
22. Analog Devices will implement the second round of price adjustments for its entire product portfolio in 2026 starting from September 13.
23. CME Group will expand 100-ounce silver futures to 24-hour trading on September 11.
24. India will host the 18th BRICS Leaders’ Meeting in New Delhi from September 12 to 13, 2026.
25. French President Macron will host the International Space Summit at the Grand Palais in Paris from September 9th to 10th. According to reports, four US aerospace companies, SpaceX, Blue Origin, Stoke Space and Starcloud, have canceled their participation in the conference.
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