"SaaS Apocalypse" theory bankrupt? Autodesk (ADSK.US) and Intuit (INTU.US) lead gains against the trend, Wall Street revalues the "AI devours software" narrative

(1) Portugal's trade deficit narrowed to 2.99 billions euros in August 2026, compared to 3.11 billions euros in the same period last year. (2) Exports rose by 6.8% to 5.36 billions euros, driven by a surge of 61.7% in fuel and lubricant prices. (3) Exports of machinery and other capital goods increased by 16.7%, industrial goods exports rose by 6.5%, while exports of transport equipment fell by 19.1%, mainly due to a decrease in passenger car sales. (4) Exports to the Netherlands increased by 46.8%, exports to Spain grew by 11.2%, while shipments to the United States declined by 28.5%. (5) Imports grew by just 2.8% to 8.35 billions euros, with fuel and lubricant imports increasing by 23.5% and imports of machinery and other capital goods rising by 16.7%. (6) Imports of industrial goods fell by 8.6%, mainly due to chemicals. (7) In the first eight months of 2026, Portugal's trade deficit widened to 24.42 billions euros, compared to 21.97 billions euros in the same period last year.

Bank of Montreal initiates coverage on American Express (AXP.US) with an Outperform rating and a target price of $380.

Delta Air Lines (DAL.US) fell 3.2% in pre-market US trading after the company lowered its annual profit forecast.

Slovakia's Minister of Economy, Saková, stated that the country has long-term contracts, short-term contracts, and storage agreements with Gazprom, which are sufficient to cover the winter of 2026/2027.