Morning Briefing: Big Boeing customer says it is walking away from new Max order

Moomoo Breakfast US wrote a column · Sep 7, 2021 05:37

Morning Briefing: Big Boeing customer says it is walking away from new Max order

By Jimmy

Hey, moomooers! Here are things you need to know before the opening bell:

- U.S. stock futures traded slightly higher early Tuesday morning after the Dow slipped from a record high on Friday before the three-day Labor Day weekend.

- Tele2, Deutsche Telekom to sell Dutch oeration.

Market Snapshot

U.S. stock futures traded slightly higher early Tuesday morning after the Dow slipped from a record high on Friday before the three-day Labor Day weekend.

$Dow Jones Industrial Average(.DJI.US)$future rose by 13 points. $S&P 500 Index(.SPX.US)$and $Nasdaq Composite Index(.IXIC.US)$futures traded in mildly negative territory.

Top News

RBA tapers bond buying, but pushes out program review until 2022

The Australian central bank's decision to taper comes despite forecasts that economic growth will crater in the third quarter, with lockdowns in New South Wales and Victoria set to extend well into the fourth quarter.

Economy events ahead: China trade, Fed talk, ECB's next move

Trade and inflation data from China, Federal Reserve speakers and the European Central Bank's next policy move will be in focus this week.

Aluminum hits decade high after Guinea coup

Aluminum prices rose to their highest level in 10 years after a military coup in mineral-rich Guinea threatened to snarl the lightweight metal's supply chain.

Business travel rebound stifled by crisis resurgence

Airlines and hotels had hoped that business travel would start to bounce back, but those hopes are fading as the spread of the Delta variant forces some companies to postpone their plans to return to offices and resume in-person meetings and events.

Tele2, Deutsche Telekom to sell Dutch oeration

$TELE2 AB UNSP ADR EACH REP 0.50 'B' ORD(TLTZY.US)$and $DEUTSCHE TELEKOM AG(DTEGF.US)$have agreed to sell T-Mobile Netherlands to Apax Partners and Warburg Pincus in a deal valued at EUR5.1 billion.

Big Boeing customer says it is walking away from new Max order

Ryanair, the plane maker's biggest customer outside of the U.S., had been in talks with $Boeing(BA.US)$over the past 10 months for a fresh order of 737 MAX 10s, but the negotiations ended over a pricing dispute.

Goldman Sachs's Petershill plans London listing

The business, which invests in private equity and hedge fund firms that collectively manage $187 billion in assets, is tapping into global investors' desire for juicy returns amid perennially low interest rates.

US retail investors drive summer surge in stocks

The global chip shortage is giving rise to substrate manufacturing companies

Key Events This Week