News

The U.S. Department of Defense anticipates that Iraqi security forces will lead ongoing efforts to ensure Iraq's security and suppress the remnants of ISIS.

The U.S. Department of Defense stated that the orderly withdrawal of coalition forces and equipment from Erbil Air Base marks the end of the military mission in Iraq aimed at defeating the Islamic State (ISIS).

U.S. Department of Defense: The United States and our coalition partners are formally ending Operation Inherent Resolve in Iraq.

According to Interfax news agency, Russia has extended its ban on diesel exports until October.

The German DAX 30 index opened 105.40 points higher, or 0.42%, at 25480.69 on Wednesday, September 30th; the UK FTSE 100 index opened 31.48 points higher, or 0.30%, at 10668.19 on Wednesday, September 30th; and the FCHI index opened 1.23 points lower, or 0.02%, at 8034.64 on Wednesday, September 30th. The Spanish IBEX 35 index opened 53.50 points higher, or 0.27%, at 19,571.00 on Wednesday, September 30; the Italian FTSE MIB index opened 49.56 points higher, or 0.10%, at 51,854.50 on Wednesday, September 30; and the Euro Stoxx 50 index opened 11.84 points higher, or 0.19%, at 6,332.1 on Wednesday, September 30.

Eslami, a researcher at the University of Tehran, stated that the depreciation of the Iranian currency stems from multiple factors, including an "economic war" running parallel to military tensions. He directly links the current pressure to the Strait of Hormuz: the US blockade of the strait affects Iran's oil and petrochemical export revenue, thus impacting its dollar revenue. Eslami emphasized that exchange rates are an important indicator, but not the sole criterion for explaining Iran's economic predicament. He also pointed out that persistent inflation is a crucial factor in understanding Iran's economic situation.

At midday closing, most domestic futures contracts rose, with TSR20 rubber up nearly 6%, rubber up over 5%, polyvinyl chloride (PVC) up over 4%, synthetic rubber up nearly 4%, and alumina, soybean meal, palladium, and propylene up over 2%. On the downside, asphalt fell over 3%, container shipping to Europe fell over 2%, low-sulfur fuel oil (LU) fell nearly 2%, apples, cotton, and pulp fell over 1%, and lithium carbonate and caustic soda fell nearly 1%.

France's preliminary September CPI annual rate was 3%, below the expected 2.8% and the previous value of 2.40%.

France's preliminary harmonized CPI monthly rate for September was -0.4%, compared to a forecast of -0.5% and a previous reading of 0.70%.

France's preliminary September CPI month-on-month rate was -0.3%, compared to a forecast of -0.6% and a previous reading of 0.70%.

French household spending rose 0.8% year-on-year in August, down from 1.40% in the previous month.

France's PPI rose 1% month-on-month in August, with the previous figure revised from 1.10% to 1.3%.

France's preliminary harmonized CPI annual rate for September was 3.4%, below the expected 3.1% and the previous reading of 2.60%.

French household consumption expenditure fell 0.5% month-on-month in August, compared with expectations of 0% and a revised figure of 0.4% in the previous month (originally 0.50%).

France's PPI rose 4.8% year-on-year in August, with the previous figure revised from 3.40% to 3.5%.

According to Al Arabiya TV: A senior source stated that the mediators have relayed the US response to the Iranian Foreign Minister. Negotiations have entered the stage of discussing how to implement the plan, which party should initiate it, and what safeguards are needed. The seven-day plan requires significant adjustments before any progress can be discussed.

The initial monthly CPI rate of France in September will be announced in ten minutes.

The NI225 closed up 1272.45 points, or 1.94%, at 66753.72 on Wednesday, September 30.

DTEK, a power company, reports that Russia attacked energy infrastructure in Kyiv, Ukraine.

Australia's S&P/ASX 200 index closed up 97.10 points, or 1.11%, at 8806.40 on Wednesday, September 30.