On Tuesday, before the U.S. stock market opened, all three major stock index futures fell, with the Nasdaq 100 index futures experiencing the largest decline. Major European indices generally declined.

(Source: Investing.com)

Despite a significant decline at the beginning of the month, all three major U.S. stock indices ultimately recorded gains in August, with the S&P 500 index rising for the fourth consecutive month.

Henry Allen, macro strategist at Deutsche Bank, said, "August started off unusually challenging, but after August 5th, the market began to calm down. Part of the reason is that U.S. economic data has become more optimistic, helping to alleviate concerns about an impending recession."

However, as September unfolds, the market may face more challenges. Historically, September has been the worst-performing month for the S&P 500 index in the past decade, with the index declining in each of the past four Septembers.

Brent crude oil futures fell more than 2% in early trading on Tuesday amid concerns about weak energy demand in Asia.

Company news

Tesla China responds to the news of producing a six-seat version of the Model Y next year: False information.

Today, there is market news stating that Tesla plans to start producing a six-seat version of the Model Y in China by the end of 2025. In response, Tesla China states: "False information".

Japan Airlines will inspect all of its Airbus A350-1000 aircraft.

On September 3rd, Japan Airlines announced that it will inspect the engines of all five of its Airbus A350-1000 aircraft to identify any potential issues. Previously, Cathay Pacific Airways discovered engine component failures in 15 A350 aircraft. A spokesperson for Japan Airlines stated that this inspection is separate from the one conducted by the engine manufacturer Rolls-Royce and that they have been in contact with Cathay Pacific Airways, awaiting a response from Rolls-Royce. The related inspection will take place during regular inspections at Tokyo Haneda Airport.

Volvo will launch an electric truck with a range of up to 600 kilometers.

On September 3rd, Volvo Group announced that it will launch a new long-range version of the FH Electric heavy-duty electric truck next year, with a single charge capable of traveling up to 600 kilometers. The new Volvo FH Electric will be available for sale in the second half of 2025.

Japan and Intel collaborate to establish a chip research center.

On September 3rd, Intel announced that it will establish a chip research and development base in Japan in collaboration with the National Institute of Advanced Industrial Science and Technology (AIST). The new facility, equipped with extreme ultraviolet (EUV) lithography equipment, is expected to be completed within three to five years. Equipment manufacturers and material companies will use the facility for prototype design and testing. This center will be the first industry member-shared center in Japan to utilize EUV lithography equipment.

Toyota Motor Chairman is reportedly visiting Seoul to discuss cooperation on hydrogen-powered vehicles with Hyundai Motor Chairman.

On September 3rd, Toyota Motor's director, Akio Toyoda, will fly to Seoul in late October to meet with Hyundai Motor Group's chairman, Euisun Chung, to discuss business cooperation, including hydrogen fuel vehicles. Sources revealed that the visit of Toyota's director is scheduled for three days starting from October 24th, and the closed-door meeting with Hyundai Motor Group's chairman is likely to be arranged on October 25th.

Events to watch during the US stock market hours (Beijing time)

September 3rd.

21:45 United States' final August S&P Global Manufacturing PMI.

22:00 United States' August ISM Manufacturing PMI, United States' July construction spending month-to-month rate.