Europe Finally Gets Its Own SpaceX Challenger As Isar Reaches Orbit

Futures, Yields Flat Ahead Of August Jobs Report US futures are choppy, trading between unchanged and modestly higher, ahead of today's jobs report which sees a modest increase in August payrolls (but the risk is for another negative print, see our preview here). As of 8:00am ET, S&P futures are flat and Nasdaq futures gain 0.5% as Mag 7 stocks trade mixed premarket, with NVDA (+1.4%) and AMZN (+0.7%) leading and TSLA (-2.1%) lagging. Bond yields are steady as traders wait to see whether Friday’s payrolls report will offer the...

Futures Fall As Inflation Fears Mount With Oil Set To Top $100 US futures fell as Brent crude approached $100 a barrel, chasing Shanghai crude which is now trading above $102, reinforcing expectations that central banks will have to raise interest rates to contain inflation while a key CPI print looms on Friday. As of 8:15am, S&P 500 futures were 0.3% lower while Nasdaq futures were fractionally negative after reversing an earlier rise. In premarket trading, Mag 7 stocks are mostly lower: Stocks in Europe and Asia were also weaker. Brent traded around...

Iran Threatens Region-Wide Infrastructure 'Obliteration' As Trump's 48-Hour Ultimatum Ticks Down, Mass Casualties In Southern Israel Summary Iran vows regional and US infrastructure will be "irreversibly destroyed" in response to Trump's 48-hour timeline to open Hormuz or else Iranian power plants will be obliterated. Iran announces imposition a $2 million transit fee on 'non-enemy' ships wishing to transit strait. Unprecedented damage and many dozens of casualties in Israel's south after tit-for-tat strikes on areas with nuclear plants. Reports of US prepping diplomatic offramp plan but Iran says expanding war has effectively shut the door; Bessent says "50 days" of...