---
title: "Global headlines you need to know before Tuesday's US stock market opens"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/213315012.md"
description: "Bank of Japan Governor reiterates economic easing, plans to raise interest rates; South Korea's inflation drops to a 41-month low; Hungary's central bank pauses rate cuts; CAAC investigates Cathay Pacific's A350 engine issues; Intel to establish chip R&D base in Japan; Apple to use OLED screens for all iPhones next year; US steel stocks fall more than 7% pre-market; Tesla China denies producing a six-seater Model Y; XPeng Huixing plans to launch an aircraft priced at around 2 million yuan by the end of 2024"
datetime: "2024-09-03T13:14:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/213315012.md)
  - [en](https://longbridge.com/en/news/213315012.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/213315012.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/213315012.md) | [繁體中文](https://longbridge.com/zh-HK/news/213315012.md)


# Global headlines you need to know before Tuesday's US stock market opens

Bank of Japan Governor reiterates: the economic environment remains accommodative, and if data meets expectations, interest rates will continue to rise.

South Korea's inflation drops to a 41-month low, paving the way for rate cuts.

In July, inflation exceeded 4%! The Hungarian central bank becomes the first to pause rate cuts due to sudden inflation acceleration.

CAAC of China intervenes in Cathay Pacific's A350 engine issue investigation; Japan Airlines will inspect all its A350-1000 aircraft.

Intel to establish a chip R&D base in Japan in collaboration with the National Institute of Advanced Industrial Science and Technology (AIST).

Nikkei News: Apple plans to use OLED displays in all iPhone models starting next year.

US steel stocks fell more than 7% in pre-market trading. After promising increased investment in Japan, Harris shows opposition to the US steel acquisition.

Tesla China responds to rumors of producing a six-seater Model Y next year: false information.

XPeng Huitian's "Land Carrier" aircraft plan is set to start pre-sale by the end of 2024, with a price below 2 million RMB.

Institution: NVIDIA's data center drives FY2Q25 revenue to double, with H200 set to be the main force in the AI server market in the second half of 2024.

HSBC: The global commodity market entered a bear market cycle in mid-July.

Goldman Sachs to lower next year's copper price forecast by nearly $5000/ton to $10100/ton.

Nikkei 225 index fell by 0.04%; Shanghai Composite Index fell by 0.29%; Hang Seng Index fell by 0.23%

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