News

Indian oil company executives say they hope to make an investment decision on a second sustainable aviation fuel plant within five to six months.

Indian Oil Corporation executives: Indian Oil Corporation will put its first sustainable aviation fuel plant into operation at the Panipat refinery within two months.

According to a Reuters survey, Saudi Arabia is likely to raise its official selling price for crude oil sold to Asia in October as the Middle East spot crude oil market rises due to tight supply and strong demand.

Market news: Indian Prime Minister Narendra Modi and Iranian President Sergei Pesshiziyan will meet in Bishkek at 2 p.m. Indian time.

Spanish Prime Minister Sánchez: Research by the European External Action Service indicates that disinformation about the Ceuta crisis was spread by Russia and Israel.

The S&P 500 recovered from the summer sell-off about a month ago and has resumed its record-breaking run. The Nasdaq 100, however, is still "calculating" its losses from that summer rally. While the gap it hasn't closed yet isn't large, the market information it reveals is significant. As of last week's close, this benchmark tech index was still 4% below its record high reached on June 2nd, making it the last major U.S. stock index to not yet reach its record high. The Nasdaq 100's lagging performance is largely due to a 10-month-long market divergence. This divergence has reshaped the market leaders and laggards, changing who ultimately determines the strength of the market. ① On October 29th last year, the Nasdaq 100 reached a peak and then entered a correction, beginning its decline. ② By mid-December, the S&P 500 had resumed its record-breaking run, while the Nasdaq 100 missed its record high at the end of January this year. ③ The subsequent spring sell-off masked the divergence between the two indices, with both falling and bottoming out simultaneously, and recovering within a day of each other. ④ The June plunge in chip stocks became the watershed moment when the two indices began to diverge significantly. At that time, the S&P 500 was relatively stable, while the Nasdaq 100 was clearly under pressure. ⑤ Discussions and analyses of the divergence between the two indices may have started then, but this state had actually lasted for 10 months.

Rosatom, the Russian state-owned nuclear energy company, stated that the Zaporizhzhia nuclear power plant has been operating on diesel generators for longer than estimated by the International Atomic Energy Agency.

Rosatom, the Russian state nuclear energy company: We will supply diesel fuel regardless.

Rosatom: We hope to arrange a local ceasefire this week so that we can carry out repairs on the Ferospravnaya-1 transmission line.

Total Energy shares rose 1.9% as renewed conflict between the U.S. and Iran pushed up oil prices.

Market news: Mercedes-Benz will repurchase up to €1 billion worth of its shares.

The German DAX 30 index opened down 119.74 points, or 0.45%, at 26463.61 on Monday, August 31st;The FCHI index opened up 9.71 points, or 0.12%, at 8410.89 on Monday, August 31st;The Spanish IBEX 35 index opened down 9.75 points, or 0.05%, at 20052.35 on Monday, August 31st; The Italian FTSE MIB index opened 8.88 points higher, or 0.02%, at 52,625.00 on Monday, August 31. The Euro Stoxx 50 index opened 8.72 points lower, or 0.13%, at 6,476.95 on Monday, August 31. The UK FTSE 100 index opened 31.72 points higher, or 0.29%, at 10,824.26 on Monday, August 31.

Spanish Prime Minister Sánchez: The cabinet will approve a €168 million plan on Tuesday to revive Ceuta's economy.

The NI225 index closed down 93.63 points, or 0.14%, at 66,311.93 on Monday, August 31. The South Korean KOSPI index closed up 31.22 points, or 0.46%, at 6,820.1 on Monday, August 31. The index had fallen more than 3% at one point during the session, while SK Hynix and Samsung Electronics rose more than 1%.

Hong Kong-listed AI stocks rallied, with MINIMAX-W (00100.HK) surging over 17% and Zhipu (02513.HK) rising over 5%.

Australia's S&P/ASX 200 index closed down 14.70 points, or 0.16%, at 9077.60 on Monday, August 31.

The yield on German two-year government bonds reached its highest level since July 2024, at 2.9014%.

An executive at Oil and Natural Gas India (OGN) said the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has allowed OGN’s assets in Venezuela to continue operating.

Euro Stoxx 50 futures fell 0.23%, and German DAX futures fell 0.24%.

Market news: Investment group SWI becomes NVIDIA Cloud partner.