News

Fitch: Fitch Ratings expects the stock of Indonesia’s debt capital market to continue to grow, potentially reaching nearly $800 billion by the end of 2026.

U.S. Energy Secretary Wright: People will begin to see energy prices continue to fall.

U.S. Energy Secretary Wright: We have been negotiating with European allies regarding diesel reserves. EU allies have been very slow and cautious in releasing diesel reserves.

U.S. Energy Secretary Wright: The flow of diesel and aviation fuel out of the Gulf of Mexico continues to increase.

U.S. Energy Secretary Wright: We are not shipping enough refined petroleum products from the region.

At the opening of the morning session, most domestic futures contracts rose, with fuel oil up over 5%, low-sulfur fuel oil (LU) up nearly 2%, and asphalt, soda ash, liquefied petroleum gas (LPG), iron ore, urea, and polyvinyl chloride (PVC) up over 1%. On the downside, lithium carbonate fell over 3%, starch, benzene, apples, and coking coal fell over 1%, and TSR20 rubber, rapeseed oil, and ethylene glycol (EG) fell nearly 1%.

[Investment Banks: Copper Supply and Demand Will Tend to Balance in 2027, While Aluminum May Face Oversupply] According to foreign media reports, after market turmoil triggered by higher-than-expected US inflation and a sell-off in AI technology stocks, sentiment in the industrial metals market recovered last Friday. LME copper rose slightly, ending a three-day losing streak, while aluminum futures rebounded 0.8% from their year-to-date lows. On the driving side, Federal Reserve Chairman Kevin Warsh's speech in Bangkok did not dispel market expectations that the Fed would hold rates steady in October, easing concerns about short-term rate hikes. Meanwhile, potential tariff expectations led to copper spot inflows into the US, tightening external supply. However, institutional assessments remain cautious. Fitch's BMI pointed out that a tight monetary environment will limit the upside potential for metals, and Citigroup also maintained a "short-term neutral" attitude towards copper and aluminum for the next three months, expecting prices to fluctuate narrowly and predicting that with supply growth next year, copper supply and demand will tend to balance in 2027, while aluminum may face oversupply.

Japanese Prime Minister Sanae Takaichi: Plans to moderately control the issuance of Japanese government bonds.

Japanese Prime Minister Sanae Takaichi: There is currently no predetermined position on whether the government will compile a supplementary budget.

Bank of Japan Governor Kazuo Ueda: If fiscal spending can successfully boost Japan’s supply capacity for goods, in the long run, this will in turn help to curb inflation.

Bank of Japan Governor Kazuo Ueda: Fiscal spending boosts demand and drives up prices and wages.

Bank of Japan Governor Kazuo Ueda: The central bank will take into account market conditions, such as whether long-term interest rates are rising too fast or whether there are signs of market instability, in order to decide whether to intervene.

Bank of Japan Governor Kazuo Ueda: By implementing appropriate monetary policy and achieving the 2% inflation target, the Bank of Japan can contribute to stabilizing the Japanese government bond market.

Bank of Japan Governor Kazuo Ueda: If the Bank of Japan raises short-term policy rates, long-term rates are likely to rise steadily in line with related policy measures.

Bank of Japan Governor Kazuo Ueda: Financial conditions remain loose.

Bank of Japan Governor Kazuo Ueda: It is inappropriate to state in advance when the Bank of Japan might take emergency measures in the bond market.

Bank of Japan Governor Kazuo Ueda: The Bank of Japan's basic stance on tapering its bond purchases remains unchanged.

The NI225 index fell below 64,000 points, down 2.20% on the day.

Mayor of Kyiv: Russian airstrikes damaged a metro station in Kyiv, Ukraine.

Bank of Japan Governor Kazuo Ueda: The Middle East conflict has driven up energy costs and other prices, which can be defined as supply-driven inflation.