2025-09-18 Thursday
2025-09-19
16:23:15
Poland's August Industrial Output Surpassed Expectations but Slowed Significantly. (1) Polish statistics show that industrial output grew 0.7% year-on-year in August, exceeding market expectations of 0.3% but significantly lower than the revised 3.0% figure from the previous month. (2) Manufacturing growth slowed to 1.1%, while growth in water supply, sewage treatment, and waste management and remediation services fell to 1.5%. Electricity, gas, steam, and air conditioning supply continued to decline, falling 6.7% year-on-year, compared to a 3.1% decline previously reported. (3) The decline in mining and quarrying narrowed to 2.1%, compared to a 5.9% drop in the previous month. Month-on-month, industrial output plummeted 7.1% in August, reversing the revised 0.4% growth previously reported.
16:21:59
Poland's August PPI decline narrows, wage growth slows, and employment continues to decline. (1) Polish statistics show that the Producer Price Index fell 1.2% year-on-year in August, exceeding market expectations for a 0.9% drop but narrowing from the previously revised 1.3% decline, marking the mildest producer deflation in five months. By industry, the decline in prices in mining and quarrying narrowed to 6.9%, while manufacturing saw a 1.1% drop. Electricity, gas, and air conditioning supply fell 0.8%, while water supply and waste management costs accelerated to 2.6%. Month-on-month, the PPI fell 0.4% in August, compared with a previous 0.2% decline. (2) Corporate wages grew 7.1% year-on-year in August, below market expectations of 7.8% and slowing from 7.6% in July. This marked the lowest growth rate since February 2021. Average gross wages for the month were 8,769.08 złoty, a 1.5% month-on-month decrease, primarily due to a reduction in additional payments such as bonuses, anniversary bonuses, and retirement benefits. Year-to-date, corporate sector wages have increased by 8.2%. Regarding employment data, corporate employment fell by 0.8% year-on-year to 6.42 million, in line with market forecasts and following a previous 0.9% decline, marking the 25th consecutive month of decline. Month-on-month, it fell by 0.2%, compared to a 0.1% drop in the previous month. Meanwhile, average gross wages rose by 7.1% year-on-year to PLN 8,769.1.
16:19:33
The Fed's interest rate cut has limited impact on retirees. (1) The Federal Reserve announced on Wednesday that it would cut its policy rate by 25 basis points to a range of 4.00% to 4.25%, with two more rate cuts expected this year. (2) For retirees relying on fixed income, the impact of this rate cut will be limited. One 68-year-old retiree stated that with a stable monthly income of approximately $6,000, the rate cut "won't make a material difference" to their lives. (3) Analysts point out that the rate cut will incentivize more potential buyers to enter the real estate market, boosting home prices. At the same time, some variable-rate auto loans and credit card rates may see reductions within weeks. (4) Fixed-income investors may face lower returns, but the stock market may benefit from the easing policy. The Fed's move will also help lower government borrowing costs, with the total US national debt currently exceeding $37 trillion. (5) Experts warn that while retirees won't directly benefit from the rate cut, they will also avoid upward pressure on interest rates, demonstrating the dual nature of the interest rate cycle.
16:17:39
Georgia's Economic Growth Slowed in the Second Quarter. (1) Preliminary data released Thursday by the Georgian National Statistics Service indicated a slowdown in the country's economic growth in the second quarter. (2) In the second quarter, GDP grew by 7.3% year-on-year, down from 9.8% in the first quarter. (3) By sector, the information and communications sector grew by 37.1%, contributing the most to overall growth; the education sector grew by 28.9%, and the arts, entertainment, and leisure sector grew by 16.0%. (4) In contrast, agriculture, forestry, and fisheries recorded a 2.5% contraction, while the value added of public utilities decreased by 7.0%.
16:13:31
Norway's central bank interest rate decision will come into effect on September 18th
Previous
:
4.25%
Forecast
:
4%
Published Value
4%
Previous
16:12:29
Norges Bank Cuts Interest Rate Another 25 Basis Points to 4.0%, Future Cuts May Slow Down. (1) The Norges Bank cut its key interest rate by 25 basis points to 4.0% on Thursday, its second rate cut in three months and in line with most analysts' expectations. However, it indicated that future rate cuts would be smaller than envisioned in June. (2) The Monetary Policy Committee considered keeping the interest rate unchanged but ultimately decided a rate cut would be more appropriate. (3) The central bank noted that economic data since June suggests limited domestic economic capacity and that inflation is likely to remain elevated for an extended period. (4) Governor Ida Walden-Bakke indicated that future rate cuts may not be as rapid as anticipated before the summer. (5) Following the announcement, the Norwegian krone rose slightly against the euro from 11.62 to 11.61. (6) The bank unexpectedly cut interest rates by 25 basis points to 4.25% in June, its first such cut in more than five years, and announced last month that it plans to cut again this year to address moderate price trends. 7. However, recent data showing a rebound in core inflation in August and stronger-than-expected economic growth in the first half of the year, coupled with a positive outlook for growth and investment from the central bank's business survey, have led some market participants to question the need for an immediate rate cut. 8. A Reuters poll conducted from September 10 to 15 showed that 23 of 30 economists expected a rate cut to 4.0%, while the remaining seven expected it to remain unchanged.
16:05:39
LME Daily inventory changes in the UK on September 18th - Zinc
Previous
:
0
Forecast
:
-
Published Value
-150
Previous
16:05:28
LME Daily inventory changes in the UK on September 18th - Primary aluminum
Previous
:
0
Forecast
:
-
Published Value
30125
Previous
16:05:19
LME Daily inventory changes in the UK on September 18th - Copper
Previous
:
-1175
Forecast
:
-
Published Value
-900
Previous
16:05:10
LME Daily inventory changes in the UK on September 18th - Lead
Previous
:
-2500
Forecast
:
-
Published Value
-2675
Previous
16:05:00
LME Daily inventory changes in the UK on September 18th - Nickel
Previous
:
2034
Forecast
:
-
Published Value
-18
Previous
16:04:53
LME Daily Inventory changes in the UK on September 18th - Tin
Previous
:
0
Forecast
:
-
Published Value
0
Previous
16:04:50
LME Daily inventory changes in the UK on September 18th - Cobalt
Previous
:
0
Forecast
:
-
Published Value
0
Previous
16:04:47
LME Daily inventory changes in the UK on September 18th - Main NASAAC aluminum alloys
Previous
:
0
Forecast
:
-
Published Value
0
Previous
16:04:45
LME Daily Inventory changes in the UK on September 18th - Aluminum Alloy
Previous
:
0
Forecast
:
-
Published Value
0
Previous
16:02:01
Total fuel inventories in Singapore for the week ended September 17
Previous
:
5049.80
Forecast
:
-
Published Value
4949.50
Previous
16:01:32
Singapore's remaining oil inventories for the week ending September 17
Previous
:
2652.80
Forecast
:
-
Published Value
2541
Previous
16:01:21
Singapore's middle distillate fuel inventories for the week ended September 17
Previous
:
986.30
Forecast
:
-
Published Value
971.90
Previous
16:01:11
Singapore's light distillate fuel inventories for the week ended September 17
Previous
:
1410.70
Forecast
:
-
Published Value
1436.60
Previous
16:00:48
The eurozone's current account remained unadjusted seasonally in July
Previous
:
389
Forecast
:
-
Published Value
350
Previous
16:00:36
The seasonally adjusted current account of the eurozone for July
Previous
:
358
Forecast
:
-
Published Value
277
Previous
15:57:02
[Long Teng, Vice Minister of Science and Technology: The C919 large aircraft has received a total of more than 1,000 orders from home and abroad] Long Teng, Vice Minister of Science and Technology, stated at a press conference held by the State Council Information Office that during the 14th Five-Year Plan period, we have made systematic arrangements with the goals of bluer skies, better food, faster travel, and healthier transportation, and have achieved a series of breakthrough results. In terms of faster travel, key tasks such as transportation equipment and key technologies for the Sichuan-Tibet Railway have been deployed around the greening and intelligentization of transportation. Breakthroughs have been made in the research and development of key equipment. The CR450 EMU can operate at a speed of 400 kilometers per hour, constantly refreshing the "China speed"; the C919 has achieved an important milestone in the development of China's aviation industry from "first flight" to "first voyage" and then to "normal commercial operation". It has received a total of more than 1,000 orders from home and abroad. New progress has been made in the construction of transportation infrastructure. The Sichuan-Tibet Railway has pioneered a set of world-leading construction technologies, standards and equipment systems in extremely complex environments.
15:51:18
[National technology contract turnover has maintained double-digit growth for many consecutive years] The State Council Information Office held a series of press conferences this afternoon on the theme of "High-quality Completion of the 14th Five-Year Plan". Relevant officials from the Ministry of Science and Technology introduced that the transformation of scientific and technological achievements is an important gateway for the implementation of innovation. Since the 14th Five-Year Plan, my country's level of transformation of scientific and technological achievements has reached a new level. In 2024, the national technology contract turnover reached 6.8 trillion yuan, maintaining double-digit growth for many consecutive years. The three national intellectual property and scientific and technological achievements property rights trading institutions, namely the China Technology Exchange, Shanghai Technology Exchange, and Shenzhen Stock Exchange, 12 national science and technology achievements transfer and transformation demonstration zones, as well as 1,084 technology transfer institutions built by universities and research institutes, more than 19,000 R&D and transformation platforms jointly built with enterprises, and 16,000 incubation platforms for various types of technology-based enterprises have formed a multi-level technology trading network. (CCTV News)
15:49:47
Mitsubishi UFJ: There's little chance of a Bank of England rate cut in September, but a December cut remains possible. Mitsubishi UFJ stated that the Bank of England will hold interest rates steady in September, following a narrow vote to cut in August. With little likelihood of a rate adjustment, market focus will be on the split in the vote, fine-tuning of policy guidance, and the annual decision on the pace of quantitative tightening. A 7-2 vote is expected to maintain the current rate, with Taylor and Dhingra voting for a rate cut. Policy guidance will continue to indicate a gradual decline in interest rates, but looking ahead, the Bank of England appears prepared to slow the pace of rate cuts to reflect the lack of consensus on easing. A December rate cut remains possible, but it will likely be another close call. Regarding the balance sheet, the market generally expects the pace of quantitative tightening to slow from the current annual pace of £100 billion. This figure is expected to be revised to £60 billion, implying a slight reduction in active sales compared to the previous 12 months.
15:42:35
[Ministry of Science and Technology: We are promoting the accelerated application of humanoid robots in scenarios such as automobile manufacturing, logistics handling, and power inspection] Yin Hejun, Minister of Science and Technology, said that in terms of humanoid robots, breakthroughs have been made in overall machine technology, and progress has been made in key technologies such as multimodal perception and brain-cerebellum models, which have promoted deep integration with embodied intelligence. We are promoting the accelerated application of humanoid robots in scenarios such as automobile manufacturing, logistics handling, and power inspection, laying a solid foundation for the development of trillion-level industries in the future.
15:30:18
[my country achieves significant results in core technology research during the 14th Five-Year Plan period with advanced deployment of cutting-edge technologies such as AI] The State Council Information Office held a press conference on the theme of "High-Quality Completion of the 14th Five-Year Plan" this afternoon (September 18th). my country has continuously strengthened research and application of key core technologies during the 14th Five-Year Plan period, using scientific and technological innovation to drive the development of new-quality productivity, achieving positive results. In the field of high-end equipment, my country independently developed the "Jinghua" 16.07-meter ultra-large diameter tunnel boring machine and independently designed and built the "Dream" ocean drilling vessel, its first-ever ocean-going drilling vessel. In advanced manufacturing, artificial intelligence, the Internet of Things, and big data technologies are enabling the transition from traditional manufacturing to intelligent manufacturing. my country leads the world in the number of "Lighthouse Factories," accounting for over 40% of the total. Science and technology are driving the development and growth of emerging industries. In the information sector, my country has built approximately 4.6 million 5G base stations, maintaining a global lead in technology and user numbers, enabling digital upgrades across numerous industries. In the new energy sector, China continues to break world records for photovoltaic crystalline silicon cell efficiency, with newly installed photovoltaic and wind power capacity exceeding 100 million kilowatts for four consecutive years. China's cumulative sales of new energy vehicles have exceeded 40 million, with production and sales ranking first globally for 10 consecutive years, making China's contribution to global carbon reduction goals. (CCTV News)
15:28:22
[European stocks opened higher as investors digested the impact of the Fed's lack of dovishness] European stocks generally opened higher, with the German DAX index up more than 1%, the Euro Stoxx 50 index up nearly 1%, and the French, Spanish and Italian stock markets all rising. At the same time, U.S. stock index futures also rose, with the S&P 500 futures up 0.5%. The well-known financial website Investinglive commented that the Federal Reserve's interest rate decision on Wednesday was not too dovish, but overall, it still had some benefits for risky assets. As far as the stock market is concerned, it is usually the case that bargain hunters will move the market narrative in a direction that is beneficial to them in one way or another. At present, the key is that U.S. data needs to prove that the dovish market pricing in October and December was wrong.
15:15:12
The 2025 Third Quarter Economic Operation Exchange Meeting for Key Automotive Industry Enterprises Held in Hangzhou. On September 15-16, 2025, the 2025 Third Quarter Economic Operation Exchange Meeting for Key Automotive Industry Enterprises was held in Hangzhou, Zhejiang Province, organized by the China Association of Automobile Manufacturers and co-organized by Zhejiang Geely Holding Group Co., Ltd. The meeting focused on the current state of the industry, key issues, and relevant policy recommendations. Based on this, it analyzed and forecasted the industry's annual trends and full-year outlook for 2026, taking into account various factors. Participating company representatives engaged in in-depth discussions on hot topics such as the old-for-new policy, the comprehensive rectification of the industry's "involution," enterprise production and operations, industrial supply chains, the development of new energy vehicles and fuel vehicles, the 15th Five-Year Plan, and international development.
15:07:45
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 18th in China - Copper
Previous
:
-401
Forecast
:
-
Published Value
-822
Previous
15:07:45
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 18th in China - Zinc
Previous
:
550
Forecast
:
-
Published Value
1521
Previous
15:07:42
Daily warehouse receipt changes of the Shanghai Futures Exchange on September 18th in China - Silver
Previous
:
-9833
Forecast
:
-
Published Value
-17905
Previous
15:07:42
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 18th in China - Aluminum
Previous
:
-1269
Forecast
:
-
Published Value
-9843
Previous
15:07:40
Daily warehouse receipt changes of the Shanghai Futures Exchange on September 18th in China - Lead
Previous
:
-199
Forecast
:
-
Published Value
-9843
Previous
15:07:38
Daily warehouse receipt changes of the Shanghai Futures Exchange on September 18th in China - Nickel
Previous
:
-26
Forecast
:
-
Published Value
-275
Previous
15:07:35
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 18th in China - Tin
Previous
:
-106
Forecast
:
-
Published Value
-290
Previous
15:07:33
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 18th in China - Alumina
Previous
:
0
Forecast
:
-
Published Value
-904
Previous
15:07:31
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 18th in China - Wire Rods
Previous
:
0
Forecast
:
-
Published Value
0
Previous
15:07:29
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 18th in China - Hot-rolled coil
Previous
:
0
Forecast
:
-
Published Value
-13892
Previous
15:07:27
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 18th in China - Stainless Steel
Previous
:
-480
Forecast
:
-
Published Value
-5119
Previous
15:07:27
Daily warehouse receipt changes of the Shanghai Futures Exchange on September 18th in China - Fuel oil
Previous
:
25640
Forecast
:
-
Published Value
0
Previous
15:07:25
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 18th in China - Petroleum Asphalt
Previous
:
0
Forecast
:
-
Published Value
-350
Previous
15:07:22
Daily warehouse receipt changes of the Shanghai Futures Exchange on September 18th in China -20 # rubber
Previous
:
-404
Forecast
:
-
Published Value
-402
Previous
15:07:21
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 18th in China - Pulp
Previous
:
-193
Forecast
:
-
Published Value
0
Previous
15:07:18
Daily warehouse receipt changes of the Shanghai Futures Exchange on September 18th in China - Crude oil
Previous
:
-320000
Forecast
:
-
Published Value
0
Previous
15:07:16
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 18th in China - Rebar
Previous
:
-6300
Forecast
:
-
Published Value
-14137
Previous
15:07:15
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 18th in China - Gold
Previous
:
900
Forecast
:
-
Published Value
2304
Previous
15:03:19
A-Share Market Close: Shanghai Composite Index Falls 1.15% on Heavy Trading Volume, with Non-ferrous Metals and Securities Leading the Decline. The three major A-share indices fell collectively today. By market close, the Shanghai Composite Index fell 1.15%, the Shenzhen Component Index fell 1.06%, the ChiNext Index fell 1.64%, and the Beijing Stock Exchange 50 Index fell 1.01%. Total trading volume for the three stock markets totaled 3.1666 trillion yuan, a 763.7 billion yuan increase from the previous day. Over 4,300 stocks declined across the board. Among sectors, tourism and hotels, computing hardware (including CPO), pharmaceutical commerce, and wind power equipment led the gains, while non-ferrous metals, securities, pork, cinema chains, real estate, and coal led the declines. Gold and non-ferrous metals sectors plummeted, with Wolong New Energy hitting its lower limit, while Hunan Silver, Tin Industry Co., Ltd., and Luoping Zinc and Electricity saw the largest declines. The securities sector continued to weaken in the afternoon, with Great Wall Securities and Guosheng Financial Holdings dropping over 5% intraday. In addition, stocks in sectors such as pork, rare earths, and film and television chains plunged in the afternoon. The tourism and hotel sectors bucked the trend, with Yunnan Tourism and Qujiang Cultural Tourism hitting their daily limit. Semiconductor and computing hardware stocks strengthened in early trading, with Foxconn Industrial Internet, SMIC, and Haiguang Information hitting new highs.
14:58:34
Hami's Million-Kw "Concentrated Thermal Energy + Photovoltaic" Project Connected to the Grid at Full Capacity Today (September 18th), China's largest "Linear Fresnel" CSP integrated energy demonstration project—the Three Gorges Group's Hami million-kilowatt "Concentrated Thermal Energy + Photovoltaic" project—achieved full grid connection and power generation. This marks the official launch of a new "Concentrated Thermal Energy + Photovoltaic" synergistic operation model, which will help enhance the grid's ability to accommodate new energy sources. "Linear Fresnel" is a type of solar thermal power generation technology that utilizes the principles of light reflection and refraction proposed by French physicist Fresnel to generate electricity by converting solar energy. The project, located in Yizhou District, Hami City, Xinjiang, has a total installed capacity of 1 million kilowatts, comprising a 100,000-kilowatt CSP energy storage station and a 900,000-kilowatt photovoltaic station. The CSP system uses 260,000 linearly arranged reflectors to concentrate sunlight, heating molten salt for thermal storage. The entire solar collector system can store energy for up to eight hours, effectively achieving efficient conversion and stable utilization of solar energy. (CCTV News)