News

The UK's FTSE 100 and Spain's IBEX 35 indices both fell by 1% during the day.

As international oil prices rose, shares of U.S.-listed energy companies rose in pre-market trading. Schlumberger (SLB.N), Occidental Petroleum (OXY.N) rose 1.2%, Xxen Mobil (XOM.N) rose 1.2%, and ConocoPhillips (COP.N) and Chevron (CVX.N) rose 1%.

The UK's M4 money supply annual rate was 4.5% in July, compared to 5.00% previously.

The Bank of England's mortgage lending in July was £4.292 billion, below the expected £5.7 billion and the previous figure revised from £7.727 billion to £7.677 billion.

The UK's M4 money supply fell 0.3% month-on-month in July, with the previous figure revised from 0.80% to 0.9%.

Bank of England consumer credit in July was £2.006 billion, below the expected £1.8 billion and the previous figure revised from £1.807 billion to £1.865 billion.

The UK Bank of England's mortgage approvals in July totaled 56,053, below the expected 59,500 and the previous figure revised from 58,200 to 58,215.

The final reading of the UK Manufacturing PMI for August was 51.7, below the expected 51.5 and the previous reading of 51.5.

Market news: According to sources and memos, VinFast (VFS.O) has suspended plans to produce three electric vehicles locally in India.

The final value of the UK manufacturing PMI in August and the central bank's mortgage loan permit in July will be announced in ten minutes.

Micron Technology (MU.O) shares fell 1.5% in pre-market trading.

Hong Kong stocks closed with the Hang Seng Index down 0.93% and the Hang Seng Tech Index down 1.49%. Sectors such as mainland banks, building materials and cement, pharmaceutical outsourcing, and optical communications performed well, while sectors such as PCB, mainland property, and leading tech stocks saw the largest declines. NIO-SW (09866.HK) fell more than 6%.

The union at Micron Technology (MU.O) in Taiwan says it will strike unless the U.S. chipmaker agrees to reform its bonus system.

S&P 500 futures fell 0.12%, Dow Jones futures fell 0.07%, and Nasdaq futures fell 0.29%.

Germany's final manufacturing PMI for August was 54.3, below the expected 54.1 and the previous reading of 54.1.

Trump said on Monday that the United States is reassessing its position on the Falkland Islands (previously remaining neutral). Reports indicate that Washington has threatened to oppose Britain's sovereignty over the islands if it does not increase defense spending. The proposal regarding the islands is one of measures the Pentagon has devised to incentivize NATO allies to fulfill their spending commitments. Trump stated, "I always reassess every position. This is just one of them." When asked if he wanted the British government to increase its current spending commitments, Trump replied, "The UK has some issues, but they will be addressed." When reports of the reassessment first surfaced in April, the State Department stated it would "remain neutral." However, British media reports suggest that the US may use threats of direct opposition to British sovereignty to give Britain "special attention" in an effort to push allies to meet defense spending targets. Tensions between Britain and Argentina persist forty years after the end of the sovereignty dispute. Earlier this year, after Argentina's 2-1 victory over England in the World Cup semi-final, Argentine players held a banner that read "The Falkland Islands belong to Argentina." FIFA subsequently fined the Argentine Football Association $321,000.

The yield on 30-year UK government bonds rose 9 basis points to 5.88%, the highest level since March 1998.

ECB Governing Council member Kohl: We must ensure that inflation does not remain above the 2% target in the medium term.

ECB Governing Council member Koch said: "If this situation is confirmed in the ECB's next forecast, I think a further, immediate interest rate hike will be necessary."

France's final manufacturing PMI for August was 51.1, below the expected 51.5 and the previous reading of 51.5.