Fitch: Large European banks are well-positioned to face a subdued economic outlook.

According to Sky News: FIFA is considering lifting a total ban on Russia from participating in international football competitions.

IMF: Romania should avoid easing monetary policy amid high inflation.

The International Monetary Fund urges Romania to put public finances on a "sustainable path".

Hungarian Foreign Minister: Hungary and Slovenia will build a natural gas connection line.

WTI crude oil hit $87 per barrel, down 1.64% on the day. WTI crude oil futures fell below $88/barrel, down 1.39% on the day.

ECB Governing Council member Centeno: Inflation in the euro area is falling faster than it was rising.

Bank of Portugal: Revision reflects lower trade dynamics, inflation and restrictive monetary policy.

The Bank of Portugal: Exports are expected to grow by 4.1% in 2023, compared with the previous estimate of 7.8%.

The Bank of Portugal has lowered its economic growth forecast for 2023 to 2.1% from 2.7% in June, and its GDP growth forecast for 2024 and 2025 to 1.5% and 2.1% respectively.

Kenyan Presidential Palace: Kenya is finalizing a new trade deal with the United States.

Bank of England Governor Bailey: High food prices "will continue into next year".

Bank of England Governor Bailey: UK inflation is likely to fall to 5% or lower this year.

Bank of Japan official: No comment on currency issues.

Bank of England Governor Bailey: Inflation is expected to fall this year.

Market news: The Sweden Democrats will not support the opposition party’s bank tax proposal.

EUR/USD stood at 1.05, up 0.32% on the day.