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By Niket Nishant and Sukriti Gupta (Reuters) -U.S. stock index futures were subdued on Tuesday as investor fatigue set in a day after the S&P 500 and the Nasdaq hit record closing highs, with focus now shifting to a slate of Federal Reserve speakers for policy signals. Equities have been climbing despite concerns over stretched valuations, and reduced certainty around data after the federal government shutdown entered its seventh day, leaving markets vulnerable to a pullback. "Stocks have rallied hard off the April lows and skipped past the usual August-September weakness. So if we do see a pullback in the fourth quarter, that could actually be a healthy reset," wrote Bret Kenwell, U.S. investment analyst at eToro. At 06:49 a.m. ET, Dow E-minis were up 3 points, or 0.01%, S&P 500 E-minis were down 2.75 points, or 0.04%, and Nasdaq 100 E-minis were down 5.5 points, or 0.02%. Still, the decline may prove temporary as optimism around artificial intelligence and expectations of looser monetary policy persist. Traders expect the Federal Reserve to cut interest rates by 25 basis points at its meeting later this month, due to a string of reports from last week suggesting labor market softening. To be sure, these reports typically carry less weight than key official data such as nonfarm payrolls, but are expected to serve as the Fed's best available option to fill the data gap left by the government shutdown. "The absence of data will keep the Fed on a glide path for rate cuts with an improvement in labor data needed to shake the policymaking committee off its dovish course," said Chris Hodge, head U.S. economist at Natixis. Investors are also watching the Fed commentary more closely to help with portfolio positioning and some analysts expect the upcoming earnings season will also grab focus, with forecasts and executive commentary likely to carry more weight in shaping expectations. Fed Vice Chair for Supervision Michelle Bowman, Atlanta Fed President Raphael Bostic, Fed Governor Stephen Miran and Minneapolis Fed President Neel Kashkari are scheduled to speak. Some analysts say the blackout will sharpen focus on the upcoming earnings season, with forecasts and executive commentary likely to carry more weight in shaping economic expectations. Among stocks, AMD inched up 4.2% premarket after analyst upgrades, following a 23.7% gain in the previous session. The company bolstered the tech rally after unveiling a chip-supply deal with OpenAI on Monday. Corona beer maker Constellation Brands gained 3.3% after posting a smaller-than-expected drop in second-quarter sales. Tesla was down 0.6% ahead of an event where it is expected to unveil a more affordable version of its best-selling Model Y SUV. IBM shares advanced 5.4% after the company announced a partnership with AI startup Anthropic. U.S.-listed shares of Trilogy Metals nearly tripled in value after the White House said it would acquire a 10% stake in the company. (Reporting by Niket Nishant and Sukriti Gupta in Bengaluru; Editing by Devika Syamnath)

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By Marc Jones LONDON (Reuters) -The boom in U.S. dollar-backed stablecoins, helped by Donald Trump's crypto policies, could suck $1 trillion worth of deposits out of emerging economy banks in the next few years, a report from Standard Chartered estimates. About 99% of all stablecoins are pegged to the dollar, which economists say effectively makes them dollar-based bank accounts and increasingly attractive in parts of the world prone to currency crises. Standard Chartered, a bank renowned for operating in developing economies, said the desire to avoid savings being wiped out will drive individuals and companies to put their money into stablecoin wallets instead of banks. "We see the potential for $1 trillion to leave emerging market banks and move into stablecoins in the next three years or so," the bank's report published on Monday said.     While new U.S. crypto laws aim to mitigate deposit flight by prohibiting U.S.-compliant stablecoin issuers from paying direct yields – the equivalent of an interest rate on a bank account – Standard Chartered said that emerging market populations will still want them.  "Return of capital matters more than return on capital," the bank said, estimating that current trends point to the use of stablecoins as savings across developing economies jumping to $1.22 trillion by the end of 2028, from around $173 billion now. While a large number in absolute terms, its analysts stressed that would still represent just 2% of bank deposits in the 16 countries they deem at "high-risk" of this kind of deposit flight.  They include Egypt, Pakistan, Bangladesh and Sri Lanka which have all suffered currency crashes in recent years, Kenya and Morocco and heavyweight emerging economies such as Turkey, India, China, Brazil, South Africa. "Many of them, with the key exception of China, have twin deficits that leave them relatively vulnerable to global risk aversion and sudden sharp currency depreciation," the report said. (Reporting by Marc Jones; Editing by Sharon Singleton)

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(Reuters) -Chevron on Tuesday said it is working to restart some of the processing units that were shut down due to a fire at its El Segundo refinery last week. "The refinery continues to operate and create transportation fuels, although at diminished rates," the company said. (Reporting by Anushree Mukherjee and Anmol Choubey in Bengaluru; Editing by Hugh Lawson)

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By Abhijith Ganapavaram NEW DELHI (Reuters) -India's air safety regulator has sought more information from Boeing Co after an emergency power system unexpectedly activated on an Air India 787 Dreamliner on Saturday, a government source with direct knowledge of the matter said. Boeing and Air India spokespersons did not immediately respond to requests for comment. The crew of the aircraft – which was flying from the northern Indian city of Amritsar to Birmingham, UK – detected the deployment of the emergency power system, known as the Ram Air Turbine, during the final approach, Air India said on Sunday, adding that the aircraft had landed safely and all electrical and hydraulic parameters were found to be normal.  The aircraft was briefly grounded and then returned to service after checks. "Once we get to know more details, we are going to reach out to the necessary stakeholders to see what we need to do so that these things don't happen," India's Civil Aviation Minister Ram Mohan Naidu told broadcaster India Today on Tuesday. The incident occurred at a height of 500 feet (152 metres), according to the Federation of Indian Pilots. The pilots' union asked the air safety regulator, the Directorate General of Civil Aviation, to thoroughly check and investigate the electrical system of dozens of Dreamliners operating within the country, according to an email by the labour body to the aviation ministry officials.  Boeing and a spokesperson for the ministry did not immediately respond to requests for comment on the email from the Federation of Indian Pilots. An Air India Boeing 787 crash killed 260 people in June. A preliminary report by Indian investigators showed the plane's fuel engine switches had almost simultaneously flipped from run to cutoff just after takeoff. (Reporting by Abhijith Ganapavaram, Additional reporting by Surbhi Misra; Editing by Aditya Kalra, Kirsten Donovan and Sharon Singleton)

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(Reuters) -Intercontinental Exchange, the parent of New York Stock Exchange, is in talks to invest $2 billion in predictions market platform Polymarket, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. (Reporting by Ateev Bhandari in Bengaluru; Editing by Shilpi Majumdar)

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By Helen Reid and Greta Rosen Fondahn LONDON/STOCKHOLM (Reuters) -IKEA has acquired U.S. logistics technology firm Locus, the two companies said on Tuesday, a deal the Swedish furniture retailer said would make its deliveries to shoppers smoother and faster as it invests to expand online sales. The takeover is in addition to a $2.2 billion push by Ingka Group, the biggest global IKEA franchisee, in the U.S. where it competes with Wayfair and Walmart and is also contending with higher tariffs on imports that are increasing its costs. IKEA declined to disclose the value of the deal. Locus was valued at $300 million in its most recent funding round in 2021, according to reports at the time. IKEA said acquiring Locus would simplify its logistics and reduce its delivery expenses by an estimated 100 million euros ($117.41 million) a year globally. Locus uses artificial intelligence to group orders and predict routes that minimize the time delivery vehicles spend in traffic, a planning process that is currently done manually by IKEA workers, Parag Parekh, chief digital officer at Ingka Group told Reuters in an interview. Locus will also enable IKEA to offer customers more delivery windows and options, and give live updates on where their package is, as well as delivering faster, Parekh added. It will likely pilot the technology in the U.S. and UK before using it globally. "Speed is one aspect of it, but more importantly for us, it will be the flexibility, it will be the ability to track… and more importantly, through all of this, help drive a better customer experience," he said. Locus' shareholders included Singapore's sovereign wealth fund GIC and private equity firms Alpha Wave, Tiger Global, and Qualcomm Ventures prior to the all-share acquisition by Ingka Investments, the retailer's investment arm. Under the deal, Locus will operate independently and continue to work with clients beyond IKEA. IKEA DOUBLES DOWN ON U.S. MARKET DESPITE TARIFFS Known mostly for its bright blue big-box suburban stores showcasing sofas, beds and bookcases in a labyrinth layout, IKEA has shifted focus onto its online business over the past five years and invested in smaller city-centre stores as it targets younger and more urban shoppers. Online sales accounted for 28% of total IKEA retail sales in its 2024 financial year, up from 11% in 2019. The acquisition comes just a week after Ingka Investments bought a building in Manhattan for $213 million, pushing ahead with U.S. expansion despite President Donald Trump imposing higher tariffs on furniture imports. "In terms of the macroeconomics around us … probably there's uncertainty on the quarters ahead," Parekh said. "But as a company we remain committed to the U.S." ($1 = 0.8517 euros) (Reporting by Helen Reid in London and Greta Rosen Fondahn in Stockholm; Editing by Kim Coghill)

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By Tim Hepher PRAGUE (Reuters) – Europe's Airbus broke a major commercial barrier on Tuesday when its A320 family of planes overtook the Boeing 737 to become the most-delivered jetliner in history. Boeing's decades-old record fell as a jet was delivered overnight to Saudi carrier Flynas, bringing deliveries to 12,260 since the A320 began service in 1988, according to benchmark data from UK-based consultancy Cirium, used across the industry. Airbus did not immediately respond to a request for comment on the data, tracked by aircraft supply analyst Rob Morris. Between them Boeing and Airbus have delivered more than 25,000 such jets, originally designed to feed large hubs and later widely adopted by low-cost carriers, which Airbus courted after Boeing cut output during a downturn in demand post-9/11. Airbus is already the world's largest planemaker by total annual deliveries, but the shattered ceiling in the narrow-body market caps a 40-year transatlantic battle for market share after early disagreements over strategy and the share of jobs between partner nations, France, Germany, Spain and Britain. DECADES OF TRANSATLANTIC RIVALRY The A320 was launched in 1984 at a time when many questioned whether Airbus would last another decade after painfully launching two wide-body jets. It first flew three years later. Airbus engineers in Toulouse, France, gambled on introducing fly-by-wire computer controls for the first time to a mainstream airliner, a pioneering technology that faced resistance from unions and some carriers but later became widely accepted. Airbus is now expanding production in the U.S. and China. Boeing set the standard for narrow-body aircraft production with its popular 737, first introduced in the 1960s, but plunged into crisis following fatal accidents in 2018 and 2019. The company is gradually restoring output under regulatory limits. The two plane giants are expected to introduce new models sometime next decade but both told the ISTAT conference in Prague on Monday they were unlikely to start development any time soon as they wait for advances in engine technology. (Reporting by Tim Hepher, Editing by Louise Heavens)

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By Tim Hepher PRAGUE (Reuters) – Europe's Airbus broke a major commercial barrier on Tuesday when its A320 family of planes overtook the Boeing 737 to become the most-delivered jetliner in history. Boeing's decades-old record fell as a jet was delivered overnight to Saudi carrier Flynas, bringing deliveries to 12,260 since the A320 began service in 1988, according to benchmark data from UK-based consultancy Cirium, used across the industry. Airbus did not immediately respond to a request for comment on the data, tracked by aircraft supply analyst Rob Morris. Between them Boeing and Airbus have delivered more than 25,000 such jets, originally designed to feed large hubs and later widely adopted by low-cost carriers, which Airbus courted after Boeing cut output during a downturn in demand post-9/11. Airbus is already the world's largest planemaker by total annual deliveries, but the shattered ceiling in the narrow-body market caps a 40-year transatlantic battle for market share after early disagreements over strategy and the share of jobs between partner nations, France, Germany, Spain and Britain. DECADES OF TRANSATLANTIC RIVALRY The A320 was launched in 1984 at a time when many questioned whether Airbus would last another decade after painfully launching two wide-body jets. It first flew three years later. Airbus engineers in Toulouse, France, gambled on introducing fly-by-wire computer controls for the first time to a mainstream airliner, a pioneering technology that faced resistance from unions and some carriers but later became widely accepted. Airbus is now expanding production in the U.S. and China. Boeing set the standard for narrow-body aircraft production with its popular 737, first introduced in the 1960s, but plunged into crisis following fatal accidents in 2018 and 2019. The company is gradually restoring output under regulatory limits. The two plane giants are expected to introduce new models sometime next decade but both told the ISTAT conference in Prague on Monday they were unlikely to start development any time soon as they wait for advances in engine technology. (Reporting by Tim Hepher, Editing by Louise Heavens)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

By Tim Hepher PRAGUE (Reuters) – Europe's Airbus broke a major commercial barrier on Tuesday when its A320 family of planes overtook the Boeing 737 to become the most-delivered jetliner in history. Boeing's decades-old record fell as a jet was delivered overnight to Saudi carrier Flynas, bringing deliveries to 12,260 since the A320 began service in 1988, according to benchmark data from UK-based consultancy Cirium, used across the industry. Airbus did not immediately respond to a request for comment on the data, tracked by aircraft supply analyst Rob Morris. Between them Boeing and Airbus have delivered more than 25,000 such jets, originally designed to feed large hubs and later widely adopted by low-cost carriers, which Airbus courted after Boeing cut output during a downturn in demand post-9/11. Airbus is already the world's largest planemaker by total annual deliveries, but the shattered ceiling in the narrow-body market caps a 40-year transatlantic battle for market share after early disagreements over strategy and the share of jobs between partner nations, France, Germany, Spain and Britain. DECADES OF TRANSATLANTIC RIVALRY The A320 was launched in 1984 at a time when many questioned whether Airbus would last another decade after painfully launching two wide-body jets. It first flew three years later. Airbus engineers in Toulouse, France, gambled on introducing fly-by-wire computer controls for the first time to a mainstream airliner, a pioneering technology that faced resistance from unions and some carriers but later became widely accepted. Airbus is now expanding production in the U.S. and China. Boeing set the standard for narrow-body aircraft production with its popular 737, first introduced in the 1960s, but plunged into crisis following fatal accidents in 2018 and 2019. The company is gradually restoring output under regulatory limits. The two plane giants are expected to introduce new models sometime next decade but both told the ISTAT conference in Prague on Monday they were unlikely to start development any time soon as they wait for advances in engine technology. (Reporting by Tim Hepher, Editing by Louise Heavens)

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By Samuel Indyk and Rocky Swift LONDON (Reuters) -Political developments drove currency markets again on Tuesday with the yen falling to a two-month low after Sanae Takaichi’s leadership victory in Japan, while the euro remained fragile following the resignation of France's prime minister.  Takaichi, who is expected to become Japan's next prime minister, has pledged to jolt the Japanese economy with aggressive spending and has been critical of the Bank of Japan's interest rate hikes. Money market traders are now pricing in just a 25% chance that the BoJ will raise interest rates at its next policy meeting on October 30, from around 60% before Takaichi's leadership victory.   "For this month, the BoJ will perhaps stay on hold just to be on the safe side but in December they'll get a bit more data and I think they'll deliver another hike," said Mohamad Al-Saraf, forex research associate at Danske Bank. "Inflation is still too high, rates are still too low, and the case for another BoJ hike this year is still alive."  WATCHING CURRENCY MOVES The yen was last down 0.2% to 150.70 per dollar, its weakest level since August 1, having dropped almost 2% the day before. Japan's currency also skidded to 176.35 per euro, a fresh all-time low against the single currency, before rebounding slightly. With the yen trading on the weaker side of 150 per dollar and at a record trough against the euro, Japan's finance minister said authorities were watching out for excessive moves in currency markets.  As markets await more clarity on how Takaichi will structure her government, Japanese officials may try to talk the yen down from recent extremes, said Bart Wakabayashi, the Tokyo branch manager of State Street. "We'll see if the expected policies that she is tied to will come through," Wakabayashi said of Takaichi. The 150 yen per dollar mark is "a very important level, psychologically and economically." "From an economic and corporate competitive perspective, where is the Bank of Japan and the Ministry of Finance comfortable? I do believe it's at a lower level," he added. EURO ON THE BACK FOOT The euro remained on a fragile footing following the resignation of France's prime minister on Monday, adding to pressure on President Emmanuel Macron and putting fiscal consolidation in doubt.  France is now likely to miss a deadline to present its 2026 budget bill, meaning lawmakers will need to pass emergency stopgap legislation to authorise spending from January 1 until a full budget is approved.  Investors were closely watching the yield gap between French and German 10-year yields, a market gauge of the risk premium investors demand to hold French debt. The spread reached its widest level since January on Monday at 88 basis points.  The euro fell for a second day and was last down 0.3% at $1.1681. Top policymakers at the European Central Bank, including President Christine Lagarde, said on Monday that the current level of interest rates was appropriate but that they may need to reduce borrowing costs slightly if the risk of inflation going too low increases. Data on Tuesday showed German industrial orders unexpectedly fell in August, dragged lower by weak automotive industry and a decline in overseas demand.   The U.S. dollar has benefitted from the weaker euro and yen. The dollar index, which measures the greenback against a basket of currencies, rose 0.2% to 98.33, despite the ongoing U.S. government shutdown. The shutdown delayed last Friday's closely watched monthly jobs report for September and is set to postpone other key releases until the government reopens. The lack of U.S. data meant investors were reacting to other developments more closely than perhaps they would have done, Danske Bank's Al-Saraf said.  (Reporting by Samuel Indyk and Rocky SwiftEditing by Shri Navaratnam and Sam Holmes)

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