Market News: Turkish President Erdogan was absent from the peace talks between Azerbaijan and Armenia held in Spain.

According to a Reuters survey, Malaysian palm oil inventories in September are expected to be 2.38 million metric tons, an increase of 12.05% from August. Palm oil production in September is expected to be 1.86 million metric tons, an increase of 6.08% from August. Palm oil exports in September are expected to be 1.32 million metric tons, an increase of 8.04% from August.

Financial website Forexlive commented on the monthly PPI rate in the Eurozone in August: The rise in the Eurozone Producer Price Index (PPI) in August was largely attributed to the rise in energy prices brought about by soaring oil prices. Excluding this factor, producer prices across the industry actually fell by 0.2%.

German Economics Ministry: The cabinet will pass a decree on coal today. Germany will restart decommissioned coal power plants this winter.

According to Nikkei: Mizuho Securities and Rakuten Securities will form a joint venture.

Hong Kong Stock Exchange documents: Standard Chartered Group (02888.HK) repurchased a total of 2.4 million shares at a price of 18.4 million pounds on October 3.

According to TASS news agency: The Slovak government has decided to implement temporary controls on the border with Hungary.

British Defense Secretary Shapps: Will work with NATO allies to provide assistance to Ukraine.

S&P Global Market Intelligence: French 5-year credit default swaps (CDS) rose to 28 basis points from the last close of 27 basis points, the highest since May 18.

The Central Bank of Kenya: Gross domestic product (GDP) growth is expected to be 5.5% and 5.4% in the third quarter and fourth quarter respectively.

National Hurricane Center: Storm Philip remains unorganized as it slowly moves northwest, with heavy rains and flooding continuing to hit parts of the British and U.S. Virgin Islands.

The Central Bank of Iceland maintained the 7-day deposit rate at 9.25%.

The change in UK official reserves in September was -$1.774 billion, compared with the previous value of -$1.472 billion.

GBP/USD broke through 1.21, rising 12 points in the short term, up 0.21% on the day.

Citi: Nickel prices are expected to experience a structural decline in 2024 and 2025, averaging $18,000 per ton, as micro headwinds offset macro headwinds.

Citi: Nickel prices are expected to fall to US$18,000 per ton by the end of 2023.

Citi: Under the influence of micro and macro adverse factors, we believe that nickel prices will fall further in the short term, although the extent of the decline will be limited.