ECB Governing Council member Nagel: Core inflation remains high and volatile.

ECB Governing Council member Nagel: There are many upside risks to inflation.

Turkish President Erdogan: Türkiye will reduce inflation to single digits

ECB Vice President Guindos: The ECB expects inflation to continue to slow in the coming months.

European Central Bank Vice President Guindos: The potential deceleration of inflation is an important factor.

ECB Vice President Guindos: Today’s inflation data is “good news”.

United Nations Secretary-General Guterres: Deeply concerned about the escalation of the conflict between Israel and Hamas, our aid supplies to Gaza are "completely inadequate."

The euro against the U.S. dollar EUR/USD fell 0.50% on the day and is now at 1.0562.

USD/CHF hit 0.91, up 0.90% on the day.

Market News: Norwegian Cruise Line revise 2024 itinerary to skip Israel.

ECB Governing Council member Nagel: Interest rates will need to remain high for quite some time.

ECB Governing Council Member Nagel: It is still unclear whether interest rates have reached their peak level, and inflation is stubborn and has not yet been defeated.

International Energy Agency (IEA): Natural gas production in the 48 U.S. states increased by 1.1% in August from July, reaching 116.26 billion cubic feet per day; an increase of 4.3% from the same period last year.

International Energy Agency (IEA): U.S. crude oil exports increased to 4.141 million barrels/day in August (compared to 3.835 million barrels/day in July); total U.S. petroleum product exports fell to 2.919 million barrels/day in August (compared to 3.835 million barrels/day in July) July was 3.187 million barrels per day); U.S. gasoline exports fell to 731,000 barrels per day in August (July was 837,000 barrels per day).

Mexican President Lopez: Tax revenue increased by 10% year-on-year from January to October 2023, reaching 3.7 trillion Mexican pesos.

India has set the benchmark import price of refined bleached and deodorized palm oil (RBD PALM OIL) at US$859/ton, the benchmark import price of refined soft palm oil (RBD PALM OLEIN) at US$863/ton, and the benchmark import price of soybean oil at US$863/ton. US$956/ton.

India has set the benchmark gold import price at $643 per 10 grams. The benchmark silver import price is set at US$749 per kilogram.

According to the Lebanese National News Agency: A Lebanese army position located in the eastern section of the temporary border between Lebanon and Israel was hit by 6 Israeli artillery shells that day. The attack caused no casualties.

[The Baltic Dry Bulk Freight Index fell as freight rates for various types of ships weakened] The Baltic Sea Dry Bulk Freight Index fell for the ninth consecutive trading day on Tuesday as freight rates for various types of ship types fell. The Baltic Dry Index fell 43 points, or 2.9%, to 1,459 points. The capesize freight index fell 71 points, or 3.4%, to 2020 points. The average daily profit of capesize vessels decreased by US$594 to US$16,750. The Panamax Shipping Price Index fell 41 points, or 2.6%, to 1,534 points, the largest one-day drop in more than two months. The average daily profit of Panamax ships decreased by US$374 to US$13,803. The Supramax Bulk Carrier Freight Index fell 24 points, or 2.1%, to 1,135 points.