Forex
German stocks steady ahead of U.S. inflation data, Nvidia earnings
DAX futures indicated little change as investors awaited U.S. PCE data and Nvidia's quarterly report after the bell. Oil prices fell, easing inflation concerns. E.ON gained on a Berenberg upgrade, while SAP slipped on a UBS downgrade.
Japan Inc turns to decade-long hedges as yen weakens persistently
Corporations are locking in multi-year currency hedges as the yen’s slide to near 40-year lows forces importers to restructure supply chains and pricing strategies.
EUR/USD steadies ahead of U.S. core PCE; Fed rate hike odds at 40%
The euro holds above key support as traders await the Fed’s preferred inflation gauge, with a 0.2% m/m core PCE reading expected to reinforce disinflation concerns before the September FOMC meeting.
FDA approves Roche, Eli Lilly Alzheimer blood test for U.S. use
U.S. regulator clears Elecsys Phospho-Tau Plasma test to detect Alzheimer's-linked amyloid pathology in adults aged 55 and older, aiming to address underdiagnosis of dementia cases.
Asia FX mixed ahead of U.S. PCE data; Aussie gains on hot CPI
U.S. dollar strengthens 0.3% as investors await core PCE inflation data; Australian dollar rises after CPI beats forecasts. Yen holds below 160 after July intervention.
Mixed Asian FX trade ahead of U.S. PCE; Aussie dollar rises on hot CPI
Australian dollar gains 0.3% after July CPI exceeded estimates, while the yen and euro show modest strength. U.S. PCE data due later in session.
AWS and Nvidia plan to deploy 2 million more GPUs in 2027-2028
Finance Review Daily is tracking this developing story; finance review daily will provide updates as verified details become available.
Zurich storm damage costs rise to 200 million francs
Severe weekend storms in the canton of Zurich have caused an estimated CHF 200 million in building damage, up from an initial CHF 30 million estimate. The Zurich Building Insurance (GVZ) has received over 11,600 claims and expects more.
Dollar strengthens on Fed hawkishness; euro, yen and Aussie under pressure
The U.S. dollar extended gains after hawkish remarks by Fed Chair Warsh, pressuring the euro, yen and Australian dollar. European inflation data and oil price gains added to market focus.
Ensysce completes enrollment in opioid overdose-protection study
Biotech firm advances second PF614-MPAR trial as U.S. opioid overdose deaths near 80,000 annually. Breakthrough Therapy-designated program targets prescription abuse risk.
Lexicon’s sotagliflozin shows consistent benefit across blood pressure ranges
Phase 3 SOLOIST-WHF trial data presented at ESC Congress 2026 indicate sotagliflozin reduces cardiovascular deaths and heart failure events regardless of baseline systolic blood pressure.
OneMedNet secures AI drug development data agreement via Palantir
OneMedNet partners with Palantir to integrate real-world clinical data into AI drug development pipelines. CEO Aaron Green cites demand for provider-sourced data to validate AI models.
Change Agents completes AI video platform Phase 2 ahead of beta launch
The NASDAQ-listed company finalizes development of its agentic AI video studio, designed for content creators, with beta testing set to begin in September 2026.
Daré Bioscience secures $908,000 NIH grant for preterm birth therapy
Funding supports preclinical studies for DARE-PTB2, a biotech program targeting idiopathic preterm birth with no existing FDA-approved treatments.
Brazilian real strengthens as polls tighten ahead of presidential runoff
Dollar falls 0.43% to R$5.1738 against real as second-round polls show Lula and Flávio Bolsonaro in a technical tie. Ptax fixing and geopolitical risks add pressure.
Daré Bioscience secures $908K NIH grant for preterm birth therapy
Funding supports preclinical studies for DARE-PTB2, a potential therapeutic to prevent idiopathic preterm birth, with an additional $1.3 million recommended for completion. No FDA-approved treatments currently exist for the condition.
EU aviation agency narrows Persian Gulf flight warning after renewed U.S.-Iran tensions
EASA reduces airspace restrictions for Bahrain, Kuwait, Qatar and UAE to Persian Gulf waters only until September 30, citing renewed hostilities. Jordan advisory relaxed; Iran, Iraq and Lebanon warnings extended.
Oil prices rise over 3% as U.S.-Iran tensions escalate
Brent crude and WTI gain on renewed military strikes and tanker incident in Strait of Hormuz; weekly losses in August temper gains.
Zurich opens first hail damage help point in Switzerland within 20 hours
Swiss insurer opens emergency facility in Winterthur after severe hailstorm triggers surge in vehicle damage claims. Additional help points planned across affected regions.
Xanadu sets 2028-2029 target for fault-tolerant quantum computing
Photonic quantum computing firm outlines roadmap to over 1,000 logical qubits by 2031, with construction of a qubit factory planned by 2027. Total funding reaches $686 million.
EUR/USD nears two-week low as dollar strengthens after Fed remarks
The euro slipped toward a two-week trough as hawkish comments from Federal Reserve Chair Kevin Warsh boosted the dollar and raised September rate-hike odds to 57%. Markets now await Friday’s U.S. jobs data to gauge policy path.
Iranian president says Tehran still seeks negotiated end to U.S. conflict
President Masoud Pezeshkian reaffirms pursuit of diplomatic resolution amid escalating clashes with Washington during SCO summit in Kyrgyzstan.
Dollar correction gathers pace as Fed hike odds rise, EU risks mount
The greenback’s recent rebound faces headwinds as hawkish Fed repricing collides with political uncertainty in Europe and Japan. Correction seen extending into Q4.
China tightens yuan policy as weak demand limits appreciation
PBOC restrains currency gains despite record trade surpluses and analyst forecasts of further strength. Analysts cite domestic growth concerns and policy caution.