News

The German DAX 30 index opened down 167.72 points, or 0.66%, at 25281.47 on Wednesday, October 7th; the FCHI index opened down 49.57 points, or 0.63%, at 7815.50; the Euro Stoxx 50 index opened down 43.13 points, or 0.69%, at 6229.10; and the Spanish... The IBEX 35 index in Portugal opened down 130.79 points, or 0.67%, at 19313.41 on Wednesday, October 7th; the FTSE MIB index in Italy opened down 279.90 points, or 0.55%, at 50981.50 on Wednesday, October 7th; and the FTSE 100 index in the UK opened down 40.58 points, or 0.38%, at 10501.11 on Wednesday, October 7th.

Switzerland's foreign exchange reserves in September were CHF 770.476 billion, revised from CHF 770.1 billion to CHF 770.074 billion in September.

According to Japan's Kyodo News, Japanese Prime Minister Sanae Takaichi stated during a representative interpellation in the House of Representatives that the Japanese government "cannot approve" of a "nuclear sharing" framework that allows the deployment of U.S. nuclear weapons on Japanese territory and their deployment by Japanese fighter jets in the event of an emergency.

According to the German business daily Handelsblatt, Germany and France are seeking further easing of their plans to phase out gasoline and diesel vehicles. Merz and Macron reached an agreement on the automotive industry, with France making concessions to Germany on phasing out gasoline and diesel vehicles, in exchange for Germany compromising on its requirement to "buy European products."

Reserve Bank of India Governor: (Regarding the continued depreciation of the rupee) The market may be quite irrational in the short term.

Reserve Bank of India Governor: India has sufficient foreign exchange reserves to repay overseas foreign currency deposits.

France's current account deficit in August was -€1.5 billion, revised from -€4.7 billion to -€3.9 billion in the previous month.

France's trade balance in August was -€6.122 billion, revised from -€6.669 billion to -€6.597 billion in the previous month.

French exports in August totaled €54.176 billion, revised from €54.677 billion to €54.627 billion in the previous month.

France's imports in August totaled €60.298 billion, revised from €61.346 billion to €61.224 billion in the previous month.

France's August trade balance will be released in ten minutes.

Reserve Bank of India Governor: We discussed all possibilities in order to make a decision.

The NI225 closed down 648.27 points, or 0.92%, at 70,035.71 on Wednesday, October 7.

Euro Stoxx 50 futures fell 0.73%, German DAX futures fell 0.62%, and UK FTSE futures fell 0.26%.

The UK's seasonally adjusted Halifax house price index rose 0% year-on-year in September, compared to a forecast of 0.2% and a previous reading of -0.4%.

The UK's Halifax seasonally adjusted house price index rose 0% month-on-month in September, below the expected 0.1% and the previous reading revised from -0.2% to -0.3%.

Germany's industrial output, adjusted for working days, grew at an annual rate of 2.3% in August, compared with a previous reading of -1.60%.

IMF Managing Director Kristalina Georgieva: The energy price shock has been contained, but high oil and diesel prices and natural gas shortages will continue.

IMF Managing Director Kristalina Georgieva: Investment in artificial intelligence is driving growth in some economies, including the United States, China, and India.

ECB Governing Council member Mollan: The ECB does not exist to address national budget problems.