Real-time News

French central bank governor Moulin: France must reduce its deficit.

French central bank governor Moulin: The French economy is not catastrophic, but we must take action.

Bank of France Governor Moulin: There are currently concerns about the French economy.

French central bank governor Moulin: The French economy will recover at a moderate pace.

French central bank governor Moulin: The heat wave has cost the French economy 0.1 percentage points.

French central bank governor Moulin: France is not in economic danger.

On September 11, a former senior official of the Bank of Japan warned that U.S. Treasury Secretary Bessant's "unusual" intervention in Japanese monetary affairs could damage the Bank of Japan's credibility and trigger greater volatility in global markets. This comes as markets anticipate a 25-basis-point rate hike by the Bank of Japan at its meeting next week, a faster pace than previously anticipated. Bessant has intensified his verbal pressure in recent weeks, challenging global traders to bet against him and claiming inside information about the Bank of Japan's intentions. While senior Japanese government officials and the Bank of Japan have largely refrained from publicly responding to Bessant's remarks, Finance Minister Satsuki Katayama stated that the U.S. Treasury Secretary's "I'm the house" warning to bond traders sounded "a bit scary" when translated into Japanese. Takahide Kiuchi, executive economist at Nomura Research Institute and a former senior official at the Bank of Japan, said, "Bessant's intervention in Japanese monetary policy is unusual and could damage the Bank of Japan's independence." Another former central bank official stated that if the Bank of Japan is perceived as setting interest rates under external influence, markets will be more skeptical of its future statements and decisions, thus eroding its credibility.

European major stock index futures rose slightly, with the Euro Stoxx 50 futures up 0.24%, the German DAX futures up 0.15%, and the UK FTSE futures up 0.22%.

The UK's seasonally adjusted trade deficit with the EU in July was -£11.302 billion, compared to -£12.559 billion in the previous month.

The UK's seasonally adjusted trade balance for July was -£3.45 billion, compared to a forecast of -£4.995 billion and a previous reading of -£5.537 billion.

The UK's seasonally adjusted non-EU trade balance for July was -£9.663 billion, revised from -£10.448 billion in the previous month.

UK GDP grew 0.4% month-on-month in July, below the expected 0% and the previous reading of 0.30%.

UK GDP grew at an annual rate of 1.6% in July, below the expected 1.2% and the previous reading of 1.1%.

According to Saudi Arabia's Al Arabiya TV, the Russian Ministry of Defense stated that Russia also attacked military industrial facilities and logistics service centers in Kyiv.

According to Saudi Arabia's Al Arabiya TV, the Russian Ministry of Defense stated that Russia attacked multiple infrastructure targets in Ukrainian ports and also struck Ukrainian vessels used for transporting weapons in the Odessa region.

September 11th - According to foreign media reports, U.S. consumer price inflation is expected to accelerate in August as gasoline prices rebound after two consecutive months of decline, reinforcing financial market expectations that the Federal Reserve may raise interest rates next week. The U.S. Labor Department will release its August CPI report on Friday. This follows strong performance in several key components of Thursday's PPI report. Economists say that with oil prices returning above $100 per barrel, inflation is bound to remain high and expand further. Other economists believe that price pressures will persist due to import tariffs, especially the recent tariffs imposed on Canada, a major U.S. trading partner.