Newsflash

The German Ministry of Economic Affairs stated that Germany will participate in the further release of energy reserves, as determined by the International Energy Agency (IEA) in March. Efforts are currently underway to approve the release of these reserves.

In Germany, the off-exchange baseload electricity price recently fell by 27.2% to €140.50 per megawatt-hour. In France, the off-exchange baseload electricity price recently fell by 38.8% to €116 per megawatt-hour.

[MPOB September Monthly Report Preview] Record production and stagnant exports: Is Malaysian palm oil facing its most severe inventory crisis in history? This article previews the key points worth noting in this report.

Ukrainian President Zelensky: Russia launched one of the largest attacks on Ukraine, targeting its energy sector.

U.S. Secretary of State Marco Rubio: Given the current situation in the Strait of Hormuz and the Red Sea, it is crucial to establish a strong partnership with Greece.

Greek Foreign Minister: We are committed to further strengthening cooperation with the United States in defense, energy and security.

[Exclusive Article for Futures Market Monitoring Tools] Focus during European and American trading sessions: The S&P 500 hit a record closing high for the fourth consecutive trading day, but the 10-year US Treasury yield remains near a 24-year high. Saxo Bank points out that the successive attacks on ships in the Black Sea and the Strait of Hormuz are simultaneously pushing up oil and wheat prices, while gold ETF holdings have reached a four-year high, indicating that safe-haven funds are still positioning themselves. The Fed's September meeting minutes will be released tonight; will the market see a new direction?

The German DAX 30 index opened down 167.72 points, or 0.66%, at 25281.47 on Wednesday, October 7th; the French CAC 40 index opened down 49.57 points, or 0.63%, at 7815.50 on Wednesday, October 7th; and the Euro Stoxx 50 index opened down 43.13 points, or 0.69%, at 6229.10 on Wednesday, October 7th. The Spanish IBEX 35 index opened down 130.79 points, or 0.67%, at 19313.41 on Wednesday, October 7th; the Italian FTSE MIB index opened down 279.90 points, or 0.55%, at 50981.50 on Wednesday, October 7th; and the UK FTSE 100 index opened down 40.58 points, or 0.38%, at 10501.11 on Wednesday, October 7th.

Vietnam raised 13 trillion dong in a government bond auction.

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 two EU diplomats, the International Energy Agency (IEA) Board of Governors will hold an informal meeting at 13:00 local time today to discuss proposals to release oil and diesel reserves.

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."

IMF Managing Director Kristalina Georgieva: The independence of central banks should be strongly supported so that they can take responsible action based on evidence to protect the economy and the public.

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

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