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Apple's 'It's Glowtime' Launch Event Scheduled For Sept. 9
Apple Inc. has scheduled its upcoming launch event, titled "It's Glowtime," on September 9. The event at Apple Park, California, US, which will be livestreamed on Apple's website, is expected to launch iPhone 16 series and updates to other devices and apps. As per reports, invites have been sent for the in-person event, which is scheducled to commence at 10 AM PT.
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German Consumer Morale To Deteriorate In September
German consumer morale is set to weaken in September as the weakening economy, fears of job cuts and rising insolvencies weighed on both income and economic expectations. The forward-looking consumer sentiment index fell to -22.0 from -18.6 in August, the survey published jointly by the market research group GfK and the Nuremberg Institute for Market Decisions, or NIM, revealed Tuesday.
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Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Tuesday.
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European Shares Gain On US Rate Cut Hopes
European stocks edged up slightly on Tuesday ahead of key U.S. inflation figures and earnings from AI darling Nvidia due later in the week.
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FTSE 100 Gains On US Rate-cut Expectations
U.K. stocks traded higher on Tuesday after the Dow Jones Industrial Average logged a record close overnight on growing expectations that the Federal Reserve will start cutting interest rates in September to help the economy.
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CAC 40 Gains With Focus On Upcoming US Inflation Data
French stocks traded higher on Tuesday ahead of key U.S. inflation figures and earnings from AI darling Nvidia due later in the week.
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DAX Edges Higher After GDP Data
German stocks were modestly higher on Tuesday after the release of mixed economic data.
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Asian Shares Decline As Investors Await US Inflation Data
Asian stocks fell broadly o Tuesday as investors waited for looming U.S. inflation figures and earnings from AI darling Nvidia.
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German Economy Shrinks As Estimated
The German economy contracted, as initially estimated, in the second quarter due to weak household spending and investment. Gross domestic product fell 0.1 percent sequentially, in line with the flash estimate, following a 0.2 percent rise in the first quarter, final results from Destatis showed on Tuesday. After the slight increase in the previous quarter, the German economy cooled down again.
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European Shares Set For Steady Open
European stocks may open on a firm note Tuesday after the Dow Jones Industrial Average rallied to a new record high overnight on bets of an imminent rate cut by the U.S. Federal Reserve.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Tuesday.
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European Economic News Preview: Germany Revised GDP Data Due
Revised quarterly national accounts data from Germany is the top economic news due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's revised GDP data for the second quarter. The flash estimate showed that the largest euro area economy shrank 0.1 percent sequentially following a 0.2 percent expansion in the first quarter.
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Sensex, Nifty Marginally Lower In Early Trade
Indian shares were little changed on Tuesday as investors kept a wary eye on the ongoing conflict in the Middle East and awaited Nvidia's earnings for more insights into whether the AI trade remains in play.
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