BTCC Evening News Highlights (September 2)

1. Japan’s 10-Year Government Bond Yield Pulls Back to Around 2.97%

Japan’s 10-year government bond yield fell about 4.5 basis points in early trading to 2.965% after breaking above 3% in the previous session in a historic move. With Bank of Japan officials repeatedly signaling possible rate hikes and concerns over fiscal expansion persisting, Japanese long-term bonds remain in their most intense repricing phase in nearly three decades.

2. US Stocks Snap Three-Day Losing Streak as Dow Rebounds Nearly 300 Points

On September 2, the Dow rose 295.01 points to 53,061.89, up 0.56%. The S&P 500 gained 0.46% to 7,666.63, while the Nasdaq rose 0.45% to 26,217.83. Small-cap stocks outperformed, with the Russell 2000 gaining around 1.1%.

3. Nvidia Rises 3.2% as Chip Stocks Drive Technology Sector Rebound

Technology shares attracted renewed buying overnight, with Nvidia up around 3.2%, Micron gaining 2.4%, and Qualcomm rising about 2%. After several sessions of pressure from rising long-term interest rates, a pullback in Treasury yields provided relief for highly valued AI and semiconductor stocks.

4. Dell Surges More Than 15% as AI Server Demand Continues to Beat Expectations

Dell shares jumped more than 15% overnight after strong AI server orders prompted the company to raise its full-year outlook. Markets continue to view corporate AI infrastructure spending as a major growth driver for the technology sector, with the company’s previously disclosed AI server demand again exceeding Wall Street expectations.

5. Broadcom Beats Earnings Expectations, but Shares Fall More Than 3% After Hours

Broadcom reported fiscal third-quarter revenue of $29.59 billion, above market expectations of $29.36 billion, while AI chip sales roughly tripled year-on-year to $16.7 billion. However, the company forecast fourth-quarter revenue of $34.8 billion, slightly below Wall Street’s $35.03 billion estimate, sending shares down more than 3% in after-hours trading.

6. US August ADP Employment Rises by Just 38,000, Missing Expectations

US private-sector employment increased by 38,000 in August, below market expectations of 48,000. Education and health services added 45,000 jobs, while leisure and hospitality gained 16,000. Manufacturing lost 17,000 jobs, and professional and business services shed 16,000.

7. Fed Beige Book Shows Modest Economic Growth and Only Slight Job Gains

The latest Beige Book showed that economic activity improved only modestly across most US regions, while employment increased slightly and prices continued rising at a moderate pace. Of the Fed’s 12 districts, three reported slower price increases, one saw faster gains and eight were little changed. Energy and raw-material costs remained key pressures on manufacturers.

8. September Fed Hike Probability Remains Around 64% Despite Softer Employment Data

Weaker-than-expected ADP data pushed Treasury yields lower, but interest-rate markets still price around a 64% probability of a 25-basis-point Fed rate hike in September. Persistently high energy prices and inflation risks mean cooling employment has not yet been enough to reverse expectations for further tightening.

9. BOJ Governor Ueda Signals Possibility of September Rate Hike

Bank of Japan Governor Kazuo Ueda said the September meeting will reassess economic and inflation risks, focusing on whether a weak yen and higher Middle East energy prices are adding further inflation pressure. The BOJ’s policy rate currently stands at 1%, while markets have significantly increased bets on another hike at the September 17–18 meeting.

10. Bitcoin Continues to Consolidate Around $77,000 as 24-Hour Volatility Narrows

CoinMarketCap data showed Bitcoin trading around $77,259, still unable to regain a firm foothold above $80,000. Its 24-hour trading range narrowed significantly. ETH was around $2,385 and SOL near $99.98, with the broader crypto market moving into a consolidation phase after the previous sharp rally.

11. Twenty-One Major Banks and Asset Managers Prepare Joint US Dollar Stablecoin

Twenty-one financial institutions, including Bank of America, Citigroup, Goldman Sachs, UBS, Deutsche Bank and Fidelity, plan to establish a joint venture with the goal of launching a US dollar stablecoin in the first half of 2027. The project could later expand to other G7 currencies.

12. Strategy CEO Says Renewed Bitcoin Buying Was Not Driven by Price, Net Debt Is Now Zero

Strategy CEO Phong Le said the company resumed buying Bitcoin as part of its long-term capital strategy rather than because of a short-term view on BTC prices. Strategy currently has approximately $72 billion in assets, including around $65 billion in Bitcoin and $7 billion in US dollar assets, while net debt has fallen to zero.

13. Strategy CEO Defends “Sell at $60,000, Buy at $80,000” Trade as Correct at the Time

Phong Le said the company’s earlier sale of roughly 7,000 BTC was primarily used to fund preferred-stock dividends rather than because it expected Bitcoin prices to fall. As capital-market financing conditions improved, Strategy later resumed BTC purchases by selling MSTR shares. He said both transactions were based on the company’s cost of capital at the time.