{"id":71336,"date":"2026-09-02T21:08:14","date_gmt":"2026-09-03T01:08:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-rally-as-us-iran-tensions-ease-uber-launches-london-robotaxis\/71336\/"},"modified":"2026-09-02T21:08:14","modified_gmt":"2026-09-03T01:08:14","slug":"global-markets-rally-as-us-iran-tensions-ease-uber-launches-london-robotaxis","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-rally-as-us-iran-tensions-ease-uber-launches-london-robotaxis\/71336\/","title":{"rendered":"Global Markets Rally as US-Iran Tensions Ease; Uber Launches London Robotaxis"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Uber (<a href=\"\/stock\/UBER\">UBER<\/a>) and Wayve<\/strong> officially launched the UK&#39;s first autonomous ride-hailing service in <strong>London<\/strong>, deploying a fleet of supervised <strong>Ford Mustang Mach-E<\/strong> vehicles.<\/li>\n<li><strong>Japan&#39;s Services PMI<\/strong> climbed to a five-month high of <strong>52.5<\/strong> in August, fueling expectations for a <strong>Bank of Japan (BOJ)<\/strong> interest rate hike later this month.<\/li>\n<li><strong>President Donald Trump<\/strong> claimed significant military success in <strong>Iran<\/strong>, stating that most of the country&#39;s missiles and naval assets have been destroyed following <strong>Operation Epic Fury<\/strong>.<\/li>\n<li><strong>Broadcom (<a href=\"\/stock\/AVGO\">AVGO<\/a>)<\/strong> shares fell <strong>5%<\/strong> in after-hours trading after providing fourth-quarter revenue guidance of <strong>$34.8 billion<\/strong>, slightly missing analyst expectations of <strong>$35.1 billion<\/strong>.<\/li>\n<li><strong>Tencent Music (<a href=\"\/stock\/TME\">TME<\/a>)<\/strong> launched its first offshore dollar-denominated bond offering in six years, targeting up to <strong>$1 billion<\/strong> to fund share repurchases and debt refinancing.<\/li>\n<\/ul>\n<h2>Geopolitical Tensions and Market Sentiment<\/h2>\n<p>Global markets showed resilience on Thursday as investors processed claims from the <strong>Trump administration<\/strong> regarding the rapid degradation of <strong>Iran&#39;s<\/strong> military capabilities. President Trump stated that &quot;good results are being achieved&quot; and suggested the campaign would not be prolonged, which helped stabilize sentiment in <strong>Asian markets<\/strong>. Despite the military flare-up, <strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a><\/strong> prices surged <strong>1.3%<\/strong> to <strong>$4,385 an ounce<\/strong> as a weaker dollar and lower yields improved the appeal of safe-haven assets.<\/p>\n<p>U.S. Ambassador to NATO <strong>Matthew Whitaker<\/strong> echoed this confidence, noting that recent naval blockades and sanctions have effectively &quot;bankrupted&quot; the Iranian regime. However, Whitaker remained cautious regarding <strong>Russia<\/strong>, warning that while the country is currently &quot;bogged down&quot; in <strong>Ukraine<\/strong>, it remains an unpredictable threat to <strong>NATO<\/strong> allies. Meanwhile, <strong>China<\/strong> and <strong>Russia<\/strong> continue to deepen ties, with Vice Premier <strong>Ding Xuexiang<\/strong> meeting President <strong>Putin<\/strong> in <strong>Vladivostok<\/strong> to discuss Far East development cooperation.<\/p>\n<h2>Technological Milestones in London<\/h2>\n<p>In a landmark development for autonomous mobility, Uber (<a href=\"\/stock\/UBER\">UBER<\/a>) and British AI startup <strong>Wayve<\/strong> launched robotaxis on the streets of <strong>London<\/strong>. The service features <strong>Ford Mustang Mach-E<\/strong> vehicles equipped with the <strong>Wayve AI Driver<\/strong>, though they currently operate with a human supervisor to meet <strong>Transport for London (TfL)<\/strong> safety requirements. This rollout makes London the second European city, after <strong>Zagreb<\/strong>, to offer autonomous rides via the Uber app.<\/p>\n<h2>Japanese Economic Strength and Yield Volatility<\/h2>\n<p>Japan&#39;s economy showed further signs of recovery as the <strong>S&amp;P Global Services PMI<\/strong> was revised upward to <strong>52.5<\/strong> for August. This stronger-than-expected growth, driven by resilient domestic demand, has intensified market speculation that the <strong>Bank of Japan<\/strong> will raise interest rates at its upcoming September meeting. The news initially sent the <strong>Yen<\/strong> higher and saw the <strong>10-year Japanese Government Bond (JGB)<\/strong> yield reach a 30-year milestone of <strong>3.0%<\/strong> earlier in the week, though longer-dated yields like the <strong>30-year JGB<\/strong> eased slightly to <strong>4.075%<\/strong> on Thursday.<\/p>\n<h2>Corporate Earnings and Debt Offerings<\/h2>\n<p>In the technology sector, Broadcom (<a href=\"\/stock\/AVGO\">AVGO<\/a>) faced a sharp sell-off despite reporting an <strong>86%<\/strong> year-over-year revenue surge to <strong>$29.59 billion<\/strong> for its third quarter. Investors focused on the company&#39;s fourth-quarter outlook, which fell just short of consensus estimates, raising concerns about the immediate pace of <strong>AI-driven<\/strong> growth. In contrast, Tencent Music (<a href=\"\/stock\/TME\">TME<\/a>) is moving to capitalize on its strong cash position by issuing a multi-tranche dollar bond, its first since 2020, to support a strategy of returning capital to shareholders through buybacks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Uber (UBER) and Wayve officially launched the UK&#39;s first autonomous ride-hailing service in London, deploying a fleet of 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