News

Hungarian Prime Minister Majol: The government will raise the minimum pension starting January 1.

If this stance persists, in the short term it may mean:① A temporary decrease in the risk of a further large-scale escalation of the Russia-Ukraine conflict;② A slight easing of the geopolitical risk premium in the European energy market;③ However, since fighting continues, this cannot be interpreted as a ceasefire or a breakthrough in peace negotiations;④ If Russia continues to make localized progress, it may actually increase Moscow's bargaining power in negotiations.Of particular note is the significant difference between the Russian military's statement that it has "made progress" and the West's assessment of the speed of the battlefield advance. Therefore, what truly matters going forward is not how the Kremlin describes the battlefield, but whether the Russian military can achieve sustained, operationally significant breakthroughs in key areas such as Donetsk.

According to Sky News: In a phone call with the Russian Foreign Minister, the Egyptian Foreign Minister stressed that Israel must comply with the requirements of the first and second phases of the Gaza Plan and cease measures that undermine the chances of achieving peace.

According to Saudi Arabia's Al Arabiya TV, a senior Iranian official said that Iran is unable to import enough fuel to make up for insufficient domestic production due to the US naval blockade.

European semiconductor stocks generally rose, with ASMI, BESI, ASML, STMicroelectronics, and Soitec shares increasing by 2.2% to 3.1% after Nvidia released its earnings report.

German semiconductor stocks rose 1.6%-6% thanks to Nvidia's performance.

Russian Supreme Commander: Russian troops are currently only 4 kilometers east of the city of Sloviansk, Ukraine.

According to LESG data, the base-load electricity price in France fell by 6.8% to €144 per megawatt-hour, while the base-load electricity price in Germany rose by 16.94% to €145 per megawatt-hour.

Iranian President Peskhziyan stated that Iran did not instigate war in the region, but rather "firmly resisted aggressors." He said, "The United States and Zionist entities waged war against Iran." He also reiterated Iran's consistent position that Iran should not be a target of attacks from its neighbors, nor should its neighbors be used to launch attacks against Iran. Peskhziyan stated, "No Muslim country should seek its own security at the expense of its neighbors; the territory of no Muslim country should be used against another Muslim country."

France's PPI rose 3.4% year-on-year in July, with the previous figure revised from 2.60% to 2.80%.

Pakistan's Ministry of Foreign Affairs: We, along with our friendly nations, are closely monitoring the mediation efforts between the United States and Iran.

France's PPI rose 1.1% month-on-month in July, revised from -0.60% to -0.4% in the previous month.

Hungarian Statistics Agency: Nominal wages in Hungary rose 7.1% year-on-year in June, down from 8.7% in May.

Swiss National Statistics Office: Switzerland's non-farm payrolls totaled 5.698 million in the second quarter.

The NI225 closed down 130.18 points, or 0.20%, at 66,131.98 on Thursday, August 27.

Morgan Stanley raised its price target for Nvidia (NVDA.O) from $288 to $300.

Australia's S&P/ASX 200 index closed down 99.00 points, or 1.08%, at 9028.80 on Thursday, August 27.

The Reserve Bank of India (RBI) reported that Indian banks borrowed 3.97 billion rupees through the Marginal Lending Facility on August 26. As of August 26, the banks' cash balance was 8.34 trillion rupees.

Polish Minister of Digital Affairs: I have requested the European Commission to impose a fine of 250 million euros on the platform Meta.

First Financial Holdings: It is projected that by 2030, the capital expenditures of the four major cloud service providers, Amazon, Google, and HIT, will reach $2.3 trillion, while the figure is projected to be $700 billion in 2026.