News

The German Ministry of Economic Affairs stated that Germany will participate in the further release of energy reserves, as determined by the International Energy Agency (IEA) in March. Efforts are currently underway to approve the release of these reserves.

In Germany, the off-exchange baseload electricity price recently fell by 27.2% to €140.50 per megawatt-hour. In France, the off-exchange baseload electricity price recently fell by 38.8% to €116 per megawatt-hour.

Ukrainian President Zelensky: Nine people have been killed in the Russian attack on Ukraine.

Ukrainian President Zelensky: Russia launched one of the largest attacks on Ukraine, targeting its energy sector.

U.S. Secretary of State Marco Rubio: Given the current situation in the Strait of Hormuz and the Red Sea, it is crucial to establish a strong partnership with Greece.

U.S. Secretary of State Marco Rubio: The historic alliance between the United States and Greece is crucial.

Greek Foreign Minister: We are committed to further strengthening cooperation with the United States in defense, energy and security.

Greek Foreign Minister: Defense cooperation with the United States has reached an unprecedented level.

Greek Foreign Minister: The partnership with the United States has never been stronger.

TSMC will hold its Q3 earnings call on October 15th at 2 PM, announcing its Q3 results and Q4 outlook. Goldman Sachs reiterated its "buy" rating ahead of the meeting, raising its target price for TSMC shares from NT$3,100 to NT$3,300 and its target price for ADRs to US$660. It also projects the company's USD revenue to grow by 36.9% in 2027. A more crucial change is capital expenditure. Goldman Sachs raised its 2027 and 2028 forecasts from US$78 billion and US$82 billion to US$85 billion and US$98 billion, respectively, reflecting demand for advanced processes and packaging, rising equipment costs, and potential expansion investments in the US. AI demand is also believed to be spreading from GPUs, ASICs, and network chips to server CPUs.

Hamas: We reaffirm our commitment to the ceasefire agreement and demand that the US government and mediators be held accountable for compelling the enemy to fulfill its commitments and implement the roadmap—namely, ending aggression, providing aid to the Palestinian people, undertaking reconstruction efforts, and a full withdrawal from Gaza.

The German DAX 30 index opened down 167.72 points, or 0.66%, at 25281.47 on Wednesday, October 7th; the FCHI index opened down 49.57 points, or 0.63%, at 7815.50; the Euro Stoxx 50 index opened down 43.13 points, or 0.69%, at 6229.10; and the Spanish... The IBEX 35 index in Portugal opened down 130.79 points, or 0.67%, at 19313.41 on Wednesday, October 7th; the FTSE MIB index in Italy opened down 279.90 points, or 0.55%, at 50981.50 on Wednesday, October 7th; and the FTSE 100 index in the UK opened down 40.58 points, or 0.38%, at 10501.11 on Wednesday, October 7th.

Switzerland's foreign exchange reserves in September were CHF 770.476 billion, revised from CHF 770.1 billion to CHF 770.074 billion in September.

According to Japan's Kyodo News, Japanese Prime Minister Sanae Takaichi stated during a representative interpellation in the House of Representatives that the Japanese government "cannot approve" of a "nuclear sharing" framework that allows the deployment of U.S. nuclear weapons on Japanese territory and their deployment by Japanese fighter jets in the event of an emergency.

According to the German business daily Handelsblatt, Germany and France are seeking further easing of their plans to phase out gasoline and diesel vehicles. Merz and Macron reached an agreement on the automotive industry, with France making concessions to Germany on phasing out gasoline and diesel vehicles, in exchange for Germany compromising on its requirement to "buy European products."

Reserve Bank of India Governor: (Regarding the continued depreciation of the rupee) The market may be quite irrational in the short term.

Reserve Bank of India Governor: India has sufficient foreign exchange reserves to repay overseas foreign currency deposits.

France's trade balance in August was -€6.122 billion, revised from -€6.669 billion to -€6.597 billion in the previous month.

France's current account deficit in August was -€1.5 billion, revised from -€4.7 billion to -€3.9 billion in the previous month.

France's imports in August totaled €60.298 billion, revised from €61.346 billion to €61.224 billion in the previous month.