News

IEA Monthly Report: Russia's oil production in September increased by 65,000 barrels per day from August to 8.43 million barrels per day, but decreased by 870,000 barrels per day compared to the same period last year.

India said on Wednesday it is drafting a national data center policy to manage rising electricity demand from rapid sector expansion — including AI infrastructure — and to prevent higher residential tariffs. Minister of State for Electronics and IT Jitin Prasada announced the plan but gave no details on scope or timing. Local opposition has emerged in cities including Mumbai and Visakhapatnam against Amazon and Google projects over water use, power strain and environmental impact. There is currently no dedicated national data center framework; projects are approved under existing environmental and building rules while some states offer incentives.

The IEA monthly oil market report and the UK LME copper, aluminum, and nickel inventory changes up to October 14 will be released in ten minutes.

Sources say the premium for aluminum delivered in Japan from October to December is set at $255 per tonne, down 35% from the previous quarter.

Hyundai Motor announced on Tuesday plans to invest $15.5 billion in India between 2026 and 2032, positioning India as one of the group's core markets for growth and expansion in emerging markets. Hyundai Motor Group Executive Chairman Chung Eui-sun stated after meeting with Indian Prime Minister Narendra Modi, "India has always been one of Hyundai Motor Group's most important and strategically significant markets globally." Chung added that this investment plan reaffirms Hyundai Motor Group's commitment to the Indian market for the next 30 years and beyond. Under this seven-year investment plan, Hyundai Motor Group will focus on expanding manufacturing capacity, building R&D infrastructure, fostering local parts suppliers to improve parts localization, and driving future automotive technology innovation. To implement the investment, Hyundai Motor Group will also establish a dedicated investment entity in India. In recent years, driven by strong consumer demand, the Indian auto market has seen record-breaking sales. According to data from the Society of Indian Automobile Manufacturers (SIAM), passenger car sales in India reached 439,000 units in August this year, a record high for a single month, representing a year-on-year increase of over 36%. Hyundai Motor is currently the third-largest automaker in India. Data shows that Hyundai sold 247,980 passenger vehicles in India from April to August this year. During the same period, Japanese automaker Maruti Suzuki topped the sales charts, while Indian automaker Mahindra & Mahindra ranked second.

Italian Prime Minister: The EU needs to send representatives to the Russia-Ukraine conflict negotiations.

US September Unadjusted CPI YoY (Previous: +3.4%, Expected: +3.6%) 1. High Frequency Economic Research: +4.1%; Wells Fargo: +3.7%; UniCredit: +3.7%; Barclays: +3.7%; 2. Nordea: +3.7%; Scotiabank: +3.7%; RBC: +3.7%; HSBC: +3.7%; 3. National Bank of Canada: +3.7%; ING: +3.7%; Morgan Stanley: +3.7%; Goldman Sachs: +3.7%; 4. Pansen Macro: +3.7%; DekaBank: +3.7%; ABN AMRO: +3.7%; Monex Europe: +3.6%; 5. TD Securities: +3.6%; Stieffer: +3.6%; UBS: +3.6%; Deutsche Bank: +3.6%; 6. Standard Chartered: +3.6%; Nomura: +3.6%; Lloyds Banking Group: +3.6%; JPMorgan Chase: +3.6%; 7. Citigroup: +3.6%; Capital Economics: +3.6%; Bank of America: +3.6%; Danske Bank: +3.6%; 8. Berenberg: +3.6%; BNP Paribas: +3.6%; ANZ: +3.6%; DNB Bank (Norway): +3.6%; 9. AMP Group: +3.6%; BMO: +3.6%; Société Générale: +3.5%; Desjardins: +3.5%; US September Unadjusted Core CPI YoY (Previous: +2.4%, Expected: +2.5%) 1. Scotiabank: +2.5%; RBC: +2.5%; Stieffer: +2.5%; Goldman Sachs: +2.5%; 2. Nordea: +2.5%; Standard Chartered: +2.5%; Nomura: +2.5%; Lloyds: +2.5%; 3. DNB Bank (Norway): +2.5%; Societe Generale: +2.5%; HSBC: +2.5%; Bank of America: +2.5%; 4. Morgan Stanley: +2.5%; Danske Bank: +2.5%; ING: +2.5%; ANZ: +2.5%; 5. BNP Paribas: +2.5%; Barclays: +2.5%; Capital Economics: +2.5%; Desjardins: +2.4%; 6. Wells Fargo: +2.4%; UniCredit: +2.4%; Deutsche Bank: +2.4%; UBS: +2.4%; 7. JPMorgan Chase: +2.4%; Citigroup: +2.4%; TD Securities: +2.4%; Pansen Macro: +2.3%.

Italian Prime Minister: The US-Russia diesel deal contradicts efforts to get Russian President Putin to negotiate with Ukraine.

Italian Prime Minister: The diesel deal between the United States and Russia is a very risky choice.

Italian Prime Minister: Italy and the EU are close to reaching an agreement on measures to mitigate the impact of natural gas costs on electricity prices.

Based on publicly reported financial calculations, Anthropic's cash reserves as of September 30, 2026, excluding any proceeds from its initial public offering (IPO), may exceed $100 billion, providing ample buffer for spending commitments exceeding revenue. Reuters reported that the company held $20.3 billion in cash as of December 2025; combined with its $30 billion Series G funding in February 2026 and $65 billion Series H funding in May 2026, even conservatively assuming it burns through $15 billion in cash in the nine months ending September 2026, its cash reserves would still reach approximately $100 billion. This free cash flow consumption assumption is quite stringent: according to a Financial Times report in September 2026, the company informed investors that it would achieve profitability for the second consecutive quarter in its third quarter. Although this profitability figure is "adjusted operating profit" including non-cash equity incentive expenses, analysts believe this metric serves as a reasonable reference for cash flow, given that the company currently relies entirely on leased infrastructure and capital expenditures are minimal; its actual cash flow year-to-date may already be close to break-even.

The Euro Stoxx 50 index opened 17.84 points higher, or 0.29%, at 6184.85 on Wednesday, October 14th; the Spanish IBEX 35 index opened 56.41 points higher, or 0.29%, at 19267.11 on Wednesday, October 14th; and the Italian FTSE MIB index opened 95.32 points higher, or 0.19%, at 50152.50 on Wednesday, October 14th. Points;The UK FTSE 100 index opened down 5.68 points, or 0.05%, at 10644.65 points on Wednesday, October 14;The German DAX 30 index opened up 82.85 points, or 0.33%, at 25342.75 points on Wednesday, October 14;The FCHI index opened up 18.87 points, or 0.24%, at 7846.5 points on Wednesday, October 14.

1. CIBC: +0.3%; ING: +0.3%; Scotiabank: +0.3%; Goldman Sachs: +0.2%; 2. Sumitomo Mitsui & Nikko Securities: +0.2%; Barclays: +0.2%; Wells Fargo: +0.2%; UBS: +0.2%; 3. National Bank of Canada: +0.2%; UniCredit: +0.2%; Bank of America: +0.2%; Deutsche Bank: +0.2%; 4. Bank of Montreal: +0.2%; Capital Economics: +0.2%; Standard Chartered: +0.2%; Citigroup: +0.2%; 5. Monex Europe: +0.2%; RBC: +0.2%; Lloyds Bank: +0.2%; HSBC: +0.2%; 6. De Yardan Group: +0.2%; Pansen Macro: +0.2%; TD Securities: +0.2%; Stieffer: +0.2%; 7. Danske Bank: +0.2%; BNP Paribas: +0.2%; Nomura Securities: +0.2%; ANZ: +0.2%; 8. Morgan Stanley: +0.2%; ABN AMRO: +0.2%; Societe Generale: +0.2%; JPMorgan Chase: +0.2%;

At midday closing, most domestic futures contracts declined. Apples fell nearly 7%, tin fell nearly 5%, red dates and lithium carbonate fell over 4%, eggs fell nearly 4%, and soda ash fell over 3%. On the upside, ethylene glycol (EG) and fuel oil rose over 3%, benzene rose over 2%, and rapeseed meal and styrene (EB) rose over 1%.

Sberbank of Russia: Data centers in the Saratov region were attacked by drones, but all systems are operating normally.

1. High Frequency Economic Research: +0.7%; ING: +0.7%; Stieffer Group: +0.6%; UBS: +0.6%; 2. Monex Europe: +0.6%; Morgan Stanley: +0.6%; Wells Fargo: +0.6%; UniCredit: +0.6%; 3. CIBC: +0.6%; Deutsche Bank: +0.6%; Nomura Securities: +0.6%; AMP Group: +0.6%; 4. Scotiabank: +0.6%; TD Securities: +0.6%; RBC: +0.6%; Citigroup: +0.6%; 5. National Bank of Canada: +0.6%; BNP Paribas: +0.6%; Pansen Macro: +0.6%; Barclays: +0.6%; 6. Nordea Bank: +0.6%; Capital Economics: +0.6%; Standard Chartered Bank: +0.6%; HSBC: +0.6%; 7. Bank of Montreal: +0.6%; Bank of America: +0.6%; JPMorgan Chase: +0.6%; Goldman Sachs: +0.6%; 8. ANZ: +0.6%; Lloyds Banking Group: +0.5%; Danske Bank: +0.5%; Societe Generale: +0.5%;

Bank of Canada Governor Macklem: Stock prices "appear to be under pressure" amid the AI ​​boom.

Bank of Canada Governor Macklem: Central banks are concerned that energy-driven inflation will spread further.

The NI225 closed down 33.23 points, or 0.05%, at 67,744.29 on Wednesday, October 14.

Bank of England Chief Economist Peel: To achieve a 100 basis point adjustment, we need more concrete evidence about the risks.