Traders have fully priced in three European Central Bank interest rate hikes by mid-2027, according to Bloomberg.
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Algeria to close airspace to UAE flights from September 11 as diplomatic ties are severed
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BRICS summit kicks off in New Delhi on September 11, 2026. Key economic indicators scheduled for release include Japan's Producer Price Index at 02:50, UK GDP data at 09:00, the International Energy Agency oil market report at 11:00, and the Swiss National Bank chief's speech at 12:15. The Central Bank of Russia is set to announce its interest rate at 13:30, followed by a press conference at 15:00. The US Consumer Price Index figures will be released at 15:30, with the Michigan Consumer Sentiment data at 17:00. European Central Bank President Christine Lagarde is expected to speak at 17:00. The US Department of Agriculture's WASDE report and the federal budget figures will be published at 19:00 and 21:00, respectively. JetLend's live event begins at 19:00.
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Ozon's logistics center in Saratov targeted in drone attack.
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The Crown Prince of Saudi Arabia urged then-President Trump to take action against the Houthis over threats in the Red Sea. Trump declined, according to US officials, who said the administration does not currently plan direct intervention or strikes against the Iran-backed group. Axios reported the details. Throughout the week, Trump has maintained silence on Iran and fluctuations in energy markets.
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Oil prices continue to rise, with Brent crude surpassing $108 and WTI trading above $103.
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Ukraine and Canada have signed agreements establishing a century-long partnership and military cooperation.
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OpenAI plans to slow the development of advanced AI amid concerns over malfunctions and instances of neural networks malfunctioning, CEO Sam Altman said.
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The European Union is examining alternative strategies to utilize frozen Russian assets to aid Ukraine, according to the Financial Times. A coalition of EU lawmakers has suggested transferring these assets to a new depository, which would not oppose such actions, contrasting with Belgium's resistance. This initiative seeks to distribute risks among member states more evenly and streamline the process of confiscating Russian assets. Kyiv has previously called on the European Commission to reallocate the assets despite objections from Belgium.
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Former President Donald Trump asserts that the U.S. is holding back from full engagement in a potential conflict with Iran, citing upcoming elections as the primary factor. He indicated that any escalation would likely be resolved swiftly after the November congressional elections, potentially even prior to that.
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The Pentagon is set to extend a $5 billion loan to AI startup Fluidstack, according to a report by the Wall Street Journal.
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