Download App

02:01:13

Israeli Prime Minister Benjamin Netanyahu expressed confidence in the Israeli economy in a statement, but a senior analyst said he did not believe the data and said it was not what a country at war should look like.

02:01:11

Israeli Prime Minister Benjamin Netanyahu has declared to international investors that the country's economy is on the verge of taking off.

02:01:10

The U.S. government is in talks with investment firm Orion Resource Partners to set up a multi-billion dollar fund for overseas mining projects. According to people familiar with the matter, the U.S. International Development Finance Corporation (DFC) and New York-based Orion will each invest $600 million or more in the new fund, and potential other sovereign investors and U.S. government agencies may also participate. The fund will invest in mining projects of key minerals such as copper and rare earths that are vital to national defense and high-tech manufacturing.

02:01:08

US House Republicans released a draft stopgap funding bill to keep the government running after October 1st. The bill does not include health care policies demanded by Democrats, and the GOP is betting that Democrats will be unable to block its passage. This short-term bill will keep federal agencies operating until November 21st. Following the assassination of conservative activist Charlie Kirk last week, the bill provides new funding for security for Congress, the judiciary, and executive branch officials. The bill requires the approval of at least seven Senate Democrats, reaching the 60-vote threshold to overcome procedural hurdles. While Trump has publicly called on Republicans to unite behind the stopgap funding bill, the Republicans' narrow seat advantage over Democrats in the House makes it difficult for the bill to pass without unanimous Democratic opposition. The bill also provides $30 million for lawmakers to reimburse local police security expenses, $30 million for executive branch security, and $28 million for judiciary security.

02:01:02

The U.S. Environmental Protection Agency (EPA) will seek public comment on proposals to reallocate exempted biofuel blending obligations under the small refinery program, setting the reallocation ratio at 50% or 100%, sources said.

02:01:00

Despite heightened global trade uncertainty, Citigroup's family office clients, with $727 billion in assets under management and an average net worth of $2.1 billion, are still seeking higher-risk investments in the private market to boost returns. A Citi survey of 346 global family offices revealed that nearly three-quarters of investment firms are seeking to acquire direct equity stakes in companies, with start-ups being one of the most popular investment areas. Family offices have shown a significant shift in their optimism about private equity, with 36% of respondents reporting increasing their allocation to the asset class over the past year, while only 10% reported reducing it. Looking ahead, family offices ranked direct private equity as their second-best asset class in the short term, after developed market equities.

02:01:00

The deportation of asylum seekers under the UK-France immigration repatriation agreement has been temporarily blocked by the High Court in London.

02:00:57

Israeli Prime Minister Netanyahu said that if Hamas harms any hostage, Israel will speed up the pursuit until Hamas is completely eradicated.

02:00:56

US President Trump said that the Republican Party will hold a midterm convention to showcase their outstanding achievements since the 2024 presidential election. The time and place of the convention are yet to be determined. He reminded everyone to pay attention, saying that this will be an extraordinary and very interesting event.

02:00:56

Israeli Prime Minister Benjamin Netanyahu said U.S. President Donald Trump invited him to the White House, where he will meet on Monday after attending a meeting at the United Nations.

02:00:49

Canada's economy and job market weaken, and the central bank revives expectations of a rate cut Details>

01:37:09

Israeli Prime Minister Benjamin Netanyahu said in a statement: "I have full confidence in the Israeli economy." A senior analyst said: "I don't believe these data. This is not the behavior of a country at war."

01:31:47

[US and India Restart Trade Talks, Both Sides Describe Talks as "Positive"] The United States and India said their trade negotiators held "positive" talks in New Delhi on Tuesday. The two sides are seeking to ease tensions after US President Donald Trump imposed 50% tariffs on India last month. Following the day-long talks, the Indian government said in a statement that the two countries agreed to "intensify efforts" to reach a trade agreement. The statement described the discussions as "positive and forward-looking, covering all aspects of a trade agreement." The US Embassy in New Delhi said in a separate statement that US Assistant Trade Representative Brendan Lynch held a "positive meeting" with India's chief negotiator, Rajesh Agrawal, to discuss future steps in bilateral trade talks. The two countries are seeking to resolve their differences after Trump imposed the highest tariffs in Asia on India to punish it for its trade barriers and purchases of Russian oil. Another team of US defense officials and Boeing executives will also arrive in India this week to negotiate the sale of naval surveillance aircraft worth approximately $4 billion.

01:30:00

Indian Prime Minister Narendra Modi: Thank you, my friend, President Trump, for calling and sending me warm greetings on my 75th birthday. Like you, I am fully committed to taking the India-US comprehensive and global partnership to new heights. We support your initiative for a peaceful resolution of the conflict in Ukraine.

01:22:50

The euro rose 1.00% against the dollar to 1.1877

01:20:43

Coffee futures near record highs as speculators bet on reduced Brazilian crop supplies. Coffee futures are hovering near all-time highs as market speculators bet that tariffs and drought will reduce supplies from top producer Brazil. The most active Arabica coffee contract hit $4.24 per pound in New York on Tuesday, just shy of the all-time high of $4.2995 reached in February. Futures prices have risen approximately 50% since early August, driven by concerns that Brazilian supply will be insufficient to fully replenish shrinking inventories. Trader I & M Smith Ltd. reported that speculative buying, amidst sluggish trading volume, pushed prices above the $4 mark. The upward momentum triggered further buying, "creating room for further gains due to a lack of selling."

01:18:43

On Tuesday (September 16), the Federal Reserve's overnight reverse repurchase agreement (RRP) usage was US$18.817 billion, compared with US$16.954 billion in the previous trading day.

01:18:29

The euro/USD pair's intraday gains expanded to 1.00%, currently trading at 1.1876.

01:10:33

Nissan Motor: Global design operations in London and Japan will be streamlined.

01:08:06

Canadian Prime Minister Carney: Canada's Minister of Transport will leave the cabinet and serve as Canada's special representative for Ukraine reconstruction.

01:02:29

The Dow Jones Industrial Average just broke through the 45,800.00 mark and was last at 45,800.92, down 0.18% on the day.

00:54:38

Nymex US crude oil futures rose 2.01% to $64.57 per barrel

00:53:58

Source: The Trump administration has approved the first arms aid program to Ukraine funded by its allies.

00:53:43

LME copper futures closed down $60 at $10,126 per ton, LME aluminum futures rose $16 to $2,717 per ton, and LME zinc futures rose $13 to $2,992 per ton.

00:50:10

U.S. Department of Health and Human Services (HHS): The former CDC director's behavior (toward the Trump administration) before being fired was "hostile."

00:49:49

PIMCO Recommends Fed Pause Reduction of MBS Holdings to Boost Housing Market: Pacific Investment Management Co. (PIMCO), a U.S. bond investment firm, said on Tuesday that the Federal Reserve should consider halting the reduction of its mortgage-backed securities (MBS) holdings to boost the U.S. housing market. Since launching its rate hike cycle in 2022, the Fed has gradually reduced its mortgage bond holdings on its balance sheet through quantitative tightening (QT), allowing principal and interest payments on MBS to mature without reinvesting the proceeds. In a Tuesday report, PIMCO noted that the Fed's continued reduction of MBS holdings over the past three years has led to "exceptionally wide" mortgage spreads (the gap between Treasury yields and mortgage rates). As of last Friday, the spread was approximately 230 basis points, near a historical high. This has also pushed up the average interest rate on the most common 30-year fixed-rate mortgage in the United States, currently at 6.35%. Mark Seidner, PIMCO's Chief Investment Officer of Alternative Strategies, and others wrote that reinvesting the proceeds from MBS principal and interest payments could be as effective as, or even more effective than, rate cuts in lowering mortgage rates.

00:39:40

Latin American assets remain stable as traders prepare for the Fed and Brazil interest rate decisions on Wednesday. Most Latin American assets remained stable on Tuesday as traders prepared for the dual interest rate decisions by the Federal Reserve and the Central Bank of Brazil on Wednesday. Argentinian assets rebounded modestly, with the Buenos Aires stock market rising nearly 3% after three days of decline, while the peso rose 0.5%, its first gain in nine trading days. President Javier Mille unveiled his 2026 budget, promising strict fiscal discipline but unexpectedly boosting spending on healthcare, education, and pensions. A cooling US labor market has heightened bets on a Fed rate cut, pushing the US dollar lower and reigniting demand for emerging market currencies. With the Fed's upcoming rate cut and Brazil's central bank remaining strong, a widening yield gap could pave the way for a bullish rally in the real. With a weaker US dollar, Brazil's near-two-decade high interest rates could attract carry trades, boosting demand for the real and cementing its leading position among emerging market currencies. Brazil's Finance Minister indicated that interest rate cuts could begin in the coming months. However, analysts point out that even if Brazil restarts its easing cycle, the real will still be an attractive carry currency.

00:35:06

[ECB Governing Council member Escriva: Uncertainty lingers, the ECB must remain flexible] ECB Governing Council member Escriva said that although inflation is under control, uncertainty still exists, so the ECB must be ready to take action on interest rates. "We need to be very flexible and ready to move in any direction on monetary policy," Escriva said. "Even if our core assumptions are becoming a reality, it does not mean that the uncertainty has been eliminated." The ECB has hinted that after eight rate cuts in a year, it is not inclined to cut interest rates further. The increase in consumer prices is roughly in line with the 2% target, and visibility into the eurozone economy has improved after Brussels reached a trade agreement with Washington. "Anti-inflation is successful," Escriva said. "Two or three years ago, the situation was complicated. The current interest rate of 2% is reasonable for us."

00:34:14

USD/CHF fell 1.00% to 0.7865

00:33:27

Trump Preparing to Visit the UK, Hints at Trade Concessions] On the eve of his visit to the UK, US President Donald Trump hinted that he was willing to make some trade concessions to the UK to ease the pressure of enforcing a tariff agreement. "They want to see if they can improve the trade deal a little bit," Trump told reporters at the White House on Tuesday as he prepared to depart for London for his second state visit. "We've made a deal, it's a great deal, and I'm willing to help them." The UK was the first country to reach a trade deal with the US, thus avoiding some of the higher tariffs Trump has imposed on other trading partners. However, the preliminary agreement left many key details vague, leaving them for further negotiations. Even after Trump and British Prime Minister Keir Starmer signed a document in June agreeing to reduce US tariffs on some British exports, the UK pushed for further reductions, particularly on steel—a key sticking point.

00:32:18

The dollar fell to 0.7867 against the Swiss franc, its lowest level since 2015.

00:31:32

EU officials: Japan and the EU should jointly develop rare earth resources in Greenland.

00:30:28

[Israeli military claims missile launched from Yemen] On the evening of the 16th local time, the Israel Defense Forces announced that they had confirmed a missile launched from Yemen toward Israel and that defense systems were working to intercept the threat. (CCTV News)

00:26:57

Bank of America: The Federal Funds Rate Will Rise, Lagging Other Money Market Rates. Bank of America strategists Mark Cabana and Katie Craig said in a report that due to "persistently higher" money market conditions and declining prices for Federal Home Loan Bank discount bills, the effective federal funds rate will eventually rise within the Fed's target range. They wrote that the federal funds rate lags other money market rates because "FHLBs have long-standing, flexible lending relationships with foreign banks," with FHLBs often providing more loans when needed. "FHLBs are likely to raise the federal funds rate only when they are confident that the cost of their discount bills has permanently shifted." The strategists recommend focusing on the 75% overnight bank funding rate and the federal funds rate, both of which have recently risen slightly, as well as the spread between repo rates and short-term bills and discount bills, and the spread between very short-term bills and discount bills and FHLB overnight discount bills. The preferred indicator is the overnight discount rate at the Chicago Federal Reserve.

00:26:29

[Hedge Funds Win: US Regulator CFTC Allows Japanese Firm to Provide Yen Interest Rate Swap Clearing Services to US Clients] Several hedge funds won a victory in Washington after the US Commodity Futures Trading Commission (CFTC) said it would allow a Japanese firm to provide clearing services for yen interest rate swaps to US clients. Several trading groups had asked the CFTC to approve the request of the Japan Securities Clearing Corporation (JSCC), saying it would provide better liquidity. This long-standing request has been controversial because of the way JSCC handles customer collateral and bankruptcy protection. Despite these concerns, the groups said in a letter last December that their members were deprived of the opportunity to "fully enjoy the competitive pricing and liquidity enjoyed by non-US individual market participants who clear through JSCC." The CFTC agreed.

00:24:49

U.S. House Republicans released draft legislation on government financing.

00:23:35

At the close of European trading on Tuesday (September 16), the 10-year German government bond yield rose 0.1 basis points to 2.693%, trading in a range of 2.679% to 2.718% on the day. The 2-year German government bond yield fell 1.5 basis points to 2.002%, trading in a range of 2.025% to 2.002% on the day. The 30-year German government bond yield rose 1.5 basis points to 3.275%. The 2-year/10-year German government bond yield spread rose 1.762 basis points to +68.914 basis points.

00:23:04

[EU and Indonesia Reach Trade Agreement] The EU and Indonesia have concluded negotiations on a trade agreement and plan to sign it next week. Both sides are accelerating efforts to reduce dependence on the United States. Officials in Brussels and Jakarta said European Commission Vice President Šefčović plans to travel to Indonesia on September 23 to sign the agreement. US President Trump's import tariffs have accelerated negotiations. Washington has pressured Jakarta to accept a 19% tariff across the board and forced Brussels to agree to a 15% tariff on most products.

00:21:23

[European Commission to Propose Sanctions Against Israel] EU High Representative for Foreign Affairs and Security Policy Kallas stated in a social media post on the 16th that Israel's ground offensive in Gaza will exacerbate an already dire situation. Kallas stated that the European Commission will propose measures on the 17th to pressure the Israeli government to change its stance on the Gaza war. Kallas also stated that these measures will include suspending trade preferences and imposing sanctions on extremist ministers and violent settlers, making it clear that the EU demands an end to the war. (CCTV News)

00:18:20

U.S. crude oil broke through the 50-day moving average, with the upside target pointing to $66.03. Details>

00:01:28

[Israeli military claims missile launched from Yemen] On the evening of the 16th local time, the Israel Defense Forces announced that they had confirmed a missile launched from Yemen toward Israel and that defense systems were working to intercept the threat. (CCTV News)

00:00:54

Ford Motor Company plans further layoffs in Germany. Ford Motor Company announced on the 16th that it will lay off 1,000 employees at its Cologne plant in Germany by early 2026 due to weak demand for electric vehicles in Europe. This represents a further expansion of the company's layoffs in Germany, affecting vehicle production for the first time. The Cologne plant is Ford's European electric vehicle production base. Under the new layoff plan, production will be reduced from two shifts per day to one starting in early 2026. (Xinhua News Agency)

00:00:30

[The Financial Times reports that the UK budget watchdog is expected to revise down its productivity outlook] The Financial Times reports that the UK's budget watchdog has told Chancellor of the Exchequer Rachel Reeves that it may revise down its productivity forecasts, which will increase fiscal pressure ahead of the annual budget on November 26. The Financial Times quoted an unnamed government official as saying: "We don't know exactly what they will say on productivity, but we have received indications that they will revise down." The UK Treasury has not yet commented on the report, which raised the possibility of further tax increases later this year.

23:47:12

The International Energy Agency (IEA) stated in its latest report that as production from existing oil fields declines at an accelerating rate, the world must continue to invest in oil and gas to maintain current production levels. According to the report, released on Tuesday, annual investment in upstream sectors, including exploration, drilling, and production, will need to reach approximately $540 billion by the end of 2050, compared to an estimated $570 billion this year. As early as 2021, the agency stated that investment in new oil, coal, and gas projects was unnecessary on the path to achieving net-zero emissions by mid-century. According to the IEA, if upstream investment in existing oil fields were halted, global daily production would decline by 5.5 million barrels per day over the next decade, equivalent to the combined annual output of Brazil and Norway. The Organization of the Petroleum Exporting Countries (OPEC) criticized the agency on Tuesday, saying its 2021 report and forecast of peak oil demand "discourage investment and increase uncertainty about long-term oil demand." The IEA said that without additional capital investment, oil and gas production in developed economies could fall by about 65% over the next decade, while the decline in the Middle East and Russia would be 45%. As a result, production from existing oil fields will become increasingly concentrated in OPEC+ members. "Global oil and gas supply will become more concentrated in a few countries in the Middle East and Russia, with implications for energy security," the IEA said.

23:44:32

Russian Ministry of Defense: Large-scale use of drones and ground robots has become one of the characteristics of the "West-2025" exercises.

23:43:56

[Bank of America Survey: Pound Sterling Most Overvalued Currency in Nearly a Decade] Bank of America's September Global Fund Manager Survey shows that the British pound is considered the most overvalued currency in nearly a decade. The survey results show that a net 12% of investors currently believe the pound is overvalued, compared to a net 3% who believed it was undervalued a month ago, a significant reversal of valuation expectations. This means that the pound is currently overvalued at its highest level since December 2015. Data from the London Stock Exchange Group (LSEG) shows that as of this month (the survey period), the pound has risen by approximately 1% against the US dollar, and so far this year, the pound has risen by 9%.

23:42:37

Market news: The European Free Trade Association (EFTA) and the Southern Common Market (MERCOSUR) signed a free trade agreement (FTA).

23:41:10

The settlement price of the October UK natural gas futures contract on the Intercontinental Exchange was 79.30 pence per thermal unit.

23:41:05

EU High Representative for Foreign Affairs and Security Policy Kallas: Suspending trade preferences and imposing sanctions on extremist ministers and violent settlers will send a clear signal: the EU demands an end to this war.

23:39:28

Spot platinum just broke through the $1,380.00/ounce mark and was last trading at $1,379.80/ounce, down 1.28% on the day. The main Nymex platinum futures contract was last trading at $1,395.5/ounce, down 1.53% on the day.

23:39:21

[Spot gold falls below $3,680] Spot gold fell below $3,680 per ounce, almost wiping out its intraday gains. It had previously stood above $3,700 per ounce.

23:38:56

The U.S. Treasury auctioned six-week Treasury bonds with a winning interest rate of 4.040% and a bid-to-cover ratio of 2.82.

23:38:10

Bank of America Strategists Say Global Stocks Could Rise Further as Growth Expectations Jump] Bank of America's Michael Hartnett said global stocks could rise further as the jump in economic growth expectations keeps bulls firmly in control. The bank's latest survey showed a net 28% of global fund managers overweight equities, the highest level in seven months. Hartnett said that views on economic growth have seen the most significant improvement in nearly a year, with only a net 16% of investors now expecting a weakening economy. The strategist wrote in a report that "bull positions abound" as the risk of a "recessionary trade war" has diminished. He added that stock market exposure has not yet reached extreme levels, favoring a continued rally. The MSCI World Index hit a record high as renewed enthusiasm for artificial intelligence fueled gains in tech giants and the impact of massive US tariffs has so far been less than expected. Investors are also betting that the Federal Reserve will begin cutting interest rates in a timely manner to avert a recession.

23:35:52

Poland proposes NATO establish a no-fly zone over Ukraine. In recent days, incidents of drones entering Polish airspace have continued to escalate. According to a CNN report on September 15, Polish Foreign Minister Sikorski proposed that NATO countries consider establishing a no-fly zone over Ukraine to protect the public from the threat posed by Russian drones. In response, Russian Security Council Deputy Chairman Dmitry Medvedev posted on social media on the 15th that if Ukrainian authorities and NATO countries establish a "no-fly zone" over Ukraine, or if a NATO member state shoots down a Russian drone, it would mean war between NATO and Russia. NATO Secretary-General Mark Rutte announced on September 12 that NATO would launch Operation Eastern Sentinel to strengthen the alliance's deterrence and defense posture on its eastern flank. Denmark, France, Germany, Spain, Italy, Sweden, the United Kingdom, and other countries are participating. (CCTV International News)

23:35:16

The European STOXX 600 index initially closed down 1.08% at 551.12 points. The Eurozone STOXX 50 index initially closed down 1.17% at 5,376.57 points. The FTSE Euro Stoxx 300 index initially closed down 1.09% at 2,187.26 points. Germany's DAX 30 index initially closed down 1.76% at 23,331.23 points. The French stock index initially closed down 1.01%, the Italian stock index initially closed down 1.22%, and the banking index fell 1.62%. The UK stock index initially closed down 0.80%.

23:34:07

China's INE crude oil futures have just broken through the 500.0 yuan/barrel mark and are currently trading at 500.1 yuan/barrel, up 1.63% on the day.

23:33:37

Spot gold just broke through the $3,680.00/ounce mark and was last trading at $3,679.89/ounce, up 0.03% on the day. The main COMEX gold futures contract was last trading at $3,716.40/ounce, down 0.07% on the day.

23:29:07

【Eurobond Market: Yields Little Change, Investors Wait Ahead of Fed Meeting】 (1) Eurozone government bond yields were little changed on Tuesday as investors waited and watched ahead of the Fed's policy meeting, which could affect expectations for U.S. interest rates. Investors will also closely watch the policy decisions of the Bank of England and the Bank of Japan on Thursday. The U.S. Federal Open Market Committee will announce its interest rate decision on Wednesday. (2) The yield on the German 10-year government bond, a benchmark for the eurozone, was flat at 2.70%. Germany's ZEW economic research institute said on Tuesday that German investor confidence unexpectedly rose in September. (3) David Doyle, head of Macquarie Economics, said: "The change in the wording of the statement is likely to tilt towards dovishness to reflect the recent deterioration in labor market data. Chairman Powell is likely to echo his tone in Jackson Hole at the press conference and emphasize that the change in the balance of risks provides a justification for adjusting the policy rate." (4) U.S. Treasury bonds were little changed, with the 10-year Treasury yield flat at 4.03%. The yield on the German two-year government bond, which is more sensitive to ECB policy rate expectations, fell 0.5 basis points to 2.01%.

23:25:19

The Atlanta Fed's GDPNow model expects U.S. GDP growth to be 3.4% in the third quarter, compared with the previous forecast of 3.1%.

23:21:35

Israeli Prime Minister Netanyahu: Our forces are moving parallel to Gaza City and we are opening more routes to speed up the evacuation of residents.

23:20:36

[Democrats criticize Stephen Milan's leave of absence to join the Federal Reserve as ridiculous, Bessant comes out to support him] U.S. Treasury Secretary Scott Bessant defended a special arrangement that allows Stephen Milan to take a leave of absence from his White House position while serving as a Federal Reserve governor. "I think it's completely normal," Bessant said in an interview on Tuesday. Bessant explained, "If he had resigned instead of taking a leave of absence, the position would have remained vacant, and he would have needed to be reconfirmed when he left (the Fed) in January or February of next year. I think this move sends a signal that there is a plan for him to return to the White House Council of Economic Advisers as chairman." Milan told senators at his confirmation hearing that he would take an unpaid leave of absence to join the Federal Reserve, but it has not yet been clarified how long it would last. Democrats called the temporary leave absurd and a threat to the independence of the central bank, especially after Trump sought to fire Federal Reserve Governor Lisa Cook and boasted to reporters that he would soon have a "majority" on the Federal Reserve Board.

23:19:59

Qatari Foreign Ministry: Gaza ceasefire negotiations are currently unrealistic. Qatari Foreign Ministry spokesman Ansari stated on the 16th that ceasefire negotiations in the Gaza Strip are currently unrealistic. Mediation is meaningless given Israel's attempted assassination of negotiators and bombing of mediating countries. Ansari stated at his weekly press conference that day that if Israeli Prime Minister Netanyahu truly desired peace, he would fully understand the path to peace, but he chose not to pursue it. He emphasized that Qatar's current focus is on fully defending its national sovereignty and taking all necessary measures to prevent a recurrence of attacks. (Xinhua News Agency)

23:18:57

Euro hits four-year high as traders brace for a Fed rate cut. The euro hit a four-year high as traders braced for a Federal Reserve rate cut this week, which would deepen the policy divergence between the Fed and the European Central Bank. On Tuesday, the euro rose to its highest level against the dollar since September 2021, rising as much as 0.7% to 1.1847. Since 2025, the euro has risen about 14% against the dollar, and is expected to have its best nine-month performance on record. Markets expect the Federal Reserve to cut interest rates by three quarter-points each by the end of the year, while the ECB is not expected to cut further, which would narrow the gap between the two central banks' key rates. Options markets suggest this could pave the way for the euro to move towards the closely watched 1.20 level. Rate hikes are generally bullish for a currency. While the US favors easing due to a cooling labor market, European defense and infrastructure spending are expected to boost growth and inflation, keeping the ECB on hold—and potentially even forcing a rate hike.

23:18:20

Fed Voice: Powell's Attitude on the Job Market This Week May Indicate Future Policy Direction] Nick Timiraos, a Fed Voice, writes in his latest article: "With a Fed rate cut virtually certain this week, investors will be watching to see whether Powell will further his recent shift in stance. Investors will be closely watching for a key piece of information: Will Powell and his colleagues set a total of three rate cuts this year, or stick with their June forecast (when the job market appeared more robust and a minority of officials projected two rate cuts)? Last month, in a highly anticipated speech, Powell's concern about the job market outweighed the concerns of some of his colleagues about inflation. The question now is: Will Powell further intensify this concern following the weak August non-farm payroll report? If he does, it would confirm market expectations of further rate cuts in the coming meetings, but it might also require overcoming the concerns of some colleagues who are hesitant to commit to such a rapid policy shift due to concerns about the neutral interest rate level and whether the rate should be moved to neutral.

23:17:46

Israeli Prime Minister Netanyahu: A few minutes ago, the Israeli Air Force launched an airstrike on the port of Hodeidah, which is the main supply port for the Yemeni Houthi armed forces.

23:12:12

Argentine President Mille announced that he would sign a decree to partially privatize Argentina's national electric power company.

23:12:03

The top 10% of US income earners account for nearly half of consumer economic growth, highlighting growing imbalances. The continued rise in the share of wealthy consumers in US consumer spending highlights the imbalance in economic performance, while slowing hiring and cautious attitudes among other income groups are fueling concerns about a slowdown. Moody's Analytics Chief Economist Mark Zandi said that in the second quarter, consumers in the top 10% of the income distribution accounted for 49.2% of total consumer spending, up from 48.5% in the first quarter and the highest level since 1989. These data help explain why the economy has avoided a recession and maintained growth despite a sharp decline in hiring, rising debt delinquencies, and stubborn inflation weighing on many households. Preliminary revisions to the nonfarm payrolls benchmark released last week indicate that monthly job creation in the 12 months ending in March averaged only about half the previously reported rate. Some economists worry that the current trend of a minority of Americans supporting the economic expansion through a growing share of consumer spending could undermine the foundations of growth, especially as other risks intensify.

23:11:42

WTI crude oil rose 1.5% during the day to $63.71 per barrel, as investors focused on supply risks from Russia and the Middle East.

23:11:27

Grain Prices Rise, Boosted by a Weaker Dollar: A weaker dollar and the likelihood of a Federal Reserve rate cut tomorrow are boosting grain futures on the Chicago Board of Trade. "I think it's optimism about rate cuts and a lower dollar," said Phil Flynn of Price Futures Group. He added that other factors include lower yields due to weather in U.S. growing regions and the possibility of a trade deal with China, hinted at by President Trump on his Truth Social account this week. Corn futures on the Chicago Board of Trade led the gains, rising 1.4%; wheat futures rose 1.3%, and soybean futures rose 0.5%. Meanwhile, the U.S. dollar index fell 0.6%.

23:08:43

Spot platinum just broke through the $1,390.00/ounce mark and was last trading at $1,389.75/ounce, down 0.57% on the day. The main Nymex platinum futures contract was last trading at $1,406.6/ounce, down 0.75% on the day.

23:05:35

[The main contracts of domestic futures night trading closed with mixed gains and losses] The main contracts of domestic futures night trading closed with mixed gains and losses, low-sulfur fuel oil and fuel oil rose by more than 1%, rapeseed oil, cotton yarn and asphalt rose slightly; in terms of decline, iron ore, hot-rolled coil, rebar and soybean oil fell slightly.

23:04:08

Britain has abandoned plans for zero tariffs on steel exports to the United States.

23:03:59

Europe's STOXX 600 index extended losses to 1%.

23:03:04

[Oxford Economics: Another sovereign debt crisis in the eurozone is "not impossible"] Angel Talavera of the Oxford Economics Institute said that the possibility of another sovereign debt crisis in the eurozone is low, but "not impossible." In a report, he pointed out that concerns about French debt and rising French bond yields have raised concerns that the eurozone debt crisis may recur. Although the eurozone structure is still imperfect, the European Central Bank has now become a reliable backstop. But he said that serious problems in large economies like France could still cause widespread damage to financial institutions and the economy. "The key question is: Is the eurozone better prepared than before to avoid sovereign debt and financial crises? We believe that the short answer is yes. But the more detailed answer is more subtle and paints a far less optimistic outlook," Talavera said.

23:02:16

[Capital Economics: Core inflation data will not prevent the Bank of Canada from cutting its policy rate on Wednesday] Stephen Brown, an economist at Capital Economics, said that Canada's core inflation rate may still be too high, hovering around 3%, but this will not prevent the Bank of Canada from cutting its policy rate on Wednesday. Due to an unfavorable base year effect, the overall inflation rate rose to 1.9% in August, but it was still lower than the 2% expected. The Bank of Canada sets interest rates to achieve and maintain its 2% inflation target. The average value of the core CPI indicator, which the Bank of Canada is optimistic about, remained unchanged at around 3.1%. Brown said that Bank of Canada officials have previously pointed out that these core indicators exaggerate potential inflationary pressures. Brown pointed out that the three-month annualized rate of core CPI is currently at a low 2.5%.

23:00:47

【UniCredit: The euro is unlikely to rise significantly further against the dollar】 Analysts at The Investment Institute by Unicredit said in a report that the euro is unlikely to rise significantly further against the dollar as expectations for interest rates from the Federal Reserve (Fed) and the European Central Bank (ECB) have been digested. They said that the prospect of the ECB keeping interest rates unchanged and the Federal Reserve cutting interest rates by about 150 basis points has been reflected in forward interest rates for the whole year of 2026. "We now aim for the euro to reach 1.20 against the dollar by the fourth quarter of 2025 and 1.23 by the fourth quarter of 2026, taking into account our new Fed baseline scenario, where the Fed only cuts interest rates by 75 basis points by June 2026." Data from the London Stock Exchange (LSEG) showed that the euro rose to a two-and-a-half-month high of 1.1821 against the dollar.

23:00:06

[TD Bank expects the Bank of Canada to cut interest rates twice this year] Canada's inflation report shows that prices will fall further, said Andrew Hencic, an economist at TD Bank. "The Bank of Canada should have room to cut interest rates at its meeting on Wednesday," he said. The overall inflation rate rose to 1.9% in August, mainly due to the base year effect. Hencic said that the core inflation rate remained basically unchanged, but there were some encouraging signs. The consumer price index (CPI) excluding food and energy fell slightly to 2.4% from 2.5% in July, and the inflation rate excluding the eight most volatile components and indirect taxes remained unchanged at 2.6%. Hencic said that the weakening economic momentum should help to curb price increases. He also added that TD Bank expects the Bank of Canada to cut interest rates twice this year to 2.25%.

22:59:26

[Strategist: The Bank of England may not cut interest rates further this year] Ebury strategist Matthew Ryan said in a report that the Bank of England may not cut interest rates further this year, which may provide solid support for the pound. He said that data released on Tuesday showed that the labor market continued to shed jobs at an alarming rate. However, he said that the unreliability of the data and the uncertainty of the upcoming autumn budget indicate that the Bank of England will not jump to conclusions easily. At the same time, inflation continues to accelerate, far above the Bank of England's 2% target. He said this is incompatible with a rate cut. The Bank of England will announce its next interest rate decision on Thursday.

22:58:33

BMO Capital Markets: Bank of Canada to cut interest rates by 25 basis points this week. Doug Porter, chief economist at BMO Capital Markets, said Canada's August inflation report was "less than impressive" and would not impact the Bank of Canada's interest rate decision on Wednesday. He expects a 25 basis point rate cut this week, with further cuts expected given the moderate short-term trend in core inflation. The three-month annualized rate of core inflation is 2.5%, well below the annualized rate of approximately 3.1%.

22:57:42

Fund Manager Survey: The number of investors seeking protection against a falling dollar increased in September. According to Bank of America's latest global fund manager survey, the number of investors seeking protection against a falling dollar increased in September. Some 38% of respondents said they planned to increase their hedges against a weaker dollar, up from 33% in August and the highest level since June. The survey also showed that 35% of investors had no plans to adjust their foreign exchange hedging strategies, down from 39% in August and the lowest level since June.

22:56:49

[Analyst: The Bank of Canada will easily make a decision to cut interest rates by 25 basis points on Wednesday] Royce Mendes of Desjardins believes that the Bank of Canada will easily make a decision on Wednesday given the deterioration of Canada's labor market, the spread of economic weakness in trade-related industries, and good control of inflation. The overall CPI inflation rate fell by 0.1% in August, and the annual inflation rate was 1.85%, both slightly lower than expected. Mendes pointed out that the core CPI indicator that the Bank of Canada is optimistic about rose by 0.21% that month, and the three-month annualized inflation rate reached 2.5% for the second consecutive month. The economist said that although the market expected a 25 basis point rate cut, it still underestimated Desjardins's expected final rate cut target of 2%. "A series of dovish remarks from the Bank of Canada may change the expectations of market participants."

22:53:55

Bank of America's September global fund manager survey shows rising expectations of a US "hard landing." The proportion of investors anticipating a US economic "hard landing" has doubled, though the percentage remains low, according to Bank of America's September global fund manager survey. A "hard landing" refers to a rapid slowdown in economic growth that could lead to a recession. In the September survey, 10% of investors expected a hard landing in the US, up from 5% in the August survey.

22:52:53

Fed says September FOMC meeting is underway

22:50:19

Deutsche Bank: Will launch a repurchase program of up to 250 million euros on September 17.

22:49:37

The European Commission will focus on addressing key grid bottlenecks in Europe's power infrastructure to avoid a surge in electricity and energy costs, European Commission President Ursula von der Leyen said on Tuesday.

22:49:12

Baltic Index hits near two-month high as capesize vessels rally Details>

22:41:50

[Realtor website: U.S. rents fell year-on-year for the 25th consecutive month in August] Realtor website said that rents fell year-on-year for the 25th consecutive month in August, and it was also the first month-on-month decline since March 2025, indicating that there will be a seasonal slowdown in rents in the fall. At the same time, Realtor website said that more than two years of continued rent declines are prompting many renters to plan to move in order to gain space, save money or explore new areas. In August, monthly asking rents fell by $38 year-on-year, a decrease of 2.2%. Compared with the peak in August 2022, the median monthly rent for studio to two-bedroom apartments in the 50 largest metropolitan areas in the United States fell by $46 to $1,713, a decrease of 2.6%. But the Realtor website said that this is still $249 higher than the pre-epidemic level, an increase of 17%.

22:39:08

[Bank of America Survey Shows AI is Improving Productivity and is Viewed as Deflationary] According to Bank of America's September Global Fund Manager Survey, investors believe artificial intelligence (AI) is a key tool for improving productivity and expect it to have a deflationary impact. The survey showed that 50% of investors believe AI is already improving productivity. Approximately 28% of investors expect AI to improve productivity after 2026, while 16% say it will increase by 2026 and 1% say it will increase by the second half of 2025. 73% of investors believe AI is deflationary, while 7% believe it is inflationary. Forty-eight% of investors believe there is no bubble in AI stocks.

22:37:56

[The Bank of Canada's interest rate decision remains unpredictable after the release of inflation data] Abbey Xu of the Royal Bank of Canada said that the latest Canadian inflation report highlights the delicate balance that the country's central bank must strike in its policy decision on Wednesday. The economist continues to predict that it will be difficult to make a conclusion as to whether to cut interest rates by 25 basis points or keep interest rates unchanged. She pointed out that there are clear signs of economic weakening, but there were also early signs of recovery in the third quarter. In addition, the overall year-on-year inflation rate in August was 1.9%, lower than the 2.1% forecast by the Royal Bank of Canada (RBC), but still higher than 1.7% in July. Xu pointed out that all core inflation indicators continue to be above the country's central bank's 2% target, highlighting the deep-seated inflationary pressures. Xu also said that the Bank of Canada will have to consider the upside inflation risks from sticky core inflation, resilient consumer spending and the government's planned fiscal stimulus measures.

22:36:40

The FTSE China A50 Index futures just broke through the 15100.00 mark and was last trading at 15101.00, up 0.12% on the day.

22:36:38

Federal Reserve Statement: The Federal Open Market Committee begins its two-day interest rate-setting meeting.

22:36:25

Federal Reserve: Stephen Milan was sworn in as a Fed governor ahead of the Federal Open Market Committee meeting.