News

Air India has cancelled flights to Riyadh, Dammam and Jeddah until October 17.

Renault Group CEO: If the EU does not relax its 2030 CO2 emission targets, Renault may have to cut its European production by 300,000 vehicles.

Johnson & Johnson (JNJ.N) expects full-year sales of $101 billion to $101.4 billion, compared with market estimates of $101.24 billion.

Bank of America's global fund manager survey shows that investors are overweight in technology stocks to the highest level since August 2020.

Bank of America's global fund manager survey: Investors' views on the global economic growth outlook have turned negative, with a net 4% of investors expecting the economy to weaken over the next 12 months.

A Bank of America global fund manager survey indicates that the biggest tail risk facing the market is a disorderly rise in bond yields, followed by an artificial intelligence bubble.

Bank of America's global fund manager survey: Investor pessimism about bond yields has fallen to its lowest level since May 2025; a net 1% of investors expect long-term interest rates to rise.

Bank of America's global fund manager survey: Investor optimism has fallen to its lowest level since June, but remains optimistic about the macroeconomy and markets.

The NFIB Small Business Confidence Index for September in the United States will be released in ten minutes.

Kremlin: Russian internet portal Yandex faces problems after attacks on its data centers in Ukraine.

Kremlin: No connection has been found between the U.S. diesel export agreement and Russia's position in the peace talks in Ukraine.

Kremlin: The government is discussing the issue of the Russian internet portal Yandex. Yandex is working to mitigate the impact of the attack.

Kremlin: European criticism of Trump's diesel deal with Russia is hypocritical, as EU countries are still actively buying Russian oil.

Kremlin: Contacts regarding the energy ceasefire mentioned by US President Trump are still ongoing.

Ukrainian President Zelensky: Ukraine has suspended attacks on Russian oil refineries and energy facilities for two days after Trump announced the news.

Statistics South Africa: South African gold production fell 5.7% year-on-year in August.

1. Cathay Pacific: Postponed the resumption of its Hong Kong-Dubai and Hong Kong-Riyadh routes until January 31, 2027. 2. Delta Air Lines: The American airline postponed its scheduled flights from Atlanta to Riyadh until March 2027. 3. Lufthansa: Airlines under the German aviation group have cancelled all flights to Riyadh until October 16. 4. Air France-KLM: The Franco-KLM joint venture has extended its suspension of flights to and from the Saudi capital until the end of October. 5. Air India: The Indian airline has extended the suspension of its flights to and from Riyadh until October 15. 6. Indigo Airlines: India's largest airline has extended the suspension of flights to Riyadh and Dammam until October 15. 7. Al-Akasa Airlines: The Mumbai-based low-cost carrier has suspended flights to Jeddah and Riyadh until October 13. 8. Philippine Airlines: The Philippine flag carrier has extended the suspension of flights to and from Riyadh until November 29. 9. Gulf Air: Bahrain's flag carrier has cancelled flights to and from Riyadh from October 12 to October 17. 10. Qatar Airways: The Qatar Airways has temporarily suspended flights to and from Riyadh and Dammam. 11. Etihad Airways: Cancelled all flights between Abu Dhabi and Riyadh up to October 19, as well as 10 flights to Dammam and Jeddah.

According to the Financial Times, UK Chancellor of the Exchequer Healy stated that the capital gains tax will not be raised to the same level as income tax.

Ukrainian Foreign Minister: Kyiv continues to receive intelligence data from the United States.

On Tuesday, AI supplier stocks were sold off, the strongest signal yet indicating a shift in market sentiment. There are growing concerns that rising interest rates could disrupt the AI ​​spending spree. South Korean chip stocks fell for the fifth consecutive trading day on Tuesday, with the decline accelerating sharply, the KOSPI index falling over 6%. Japanese memory chip maker Kioxia fell 13%, leading the decline in AI-related stocks. This is the worst drop since the similar stock crash at the end of July. Damian Boy, portfolio strategist at Wilson Asset Management, said, "The most important change is not just rising bond yields, but also bond volatility, which is beginning to transmit to the pricing of various assets." "In many ways, the current situation is unsettling; perhaps AI capital spending will cool down slightly, or perhaps some players will become casualties." Furthermore, on Monday, BlackRock's research division downgraded its outlook for US stocks to neutral, citing "potential volatility from AI development," and turned bullish on short-term US Treasuries. The International Monetary Fund also warned in its latest Financial Stability Report on Tuesday that the consequences of an AI pullback could be global. The IMF acknowledged AI's contribution to growth, but stated that mounting evidence suggests that capacity investment and economic returns may not be as significant as expected.