News

The German DAX 30 index closed down 424.38 points, or 1.65%, at 25,308.88 on Friday, September 18; the UK FTSE 100 index closed down 165.12 points, or 1.53%, at 10,651.02 on Friday, September 18; and the FCHI index closed down 121.91 points, or 1.49%, at 8,065.02 on Friday, September 18. The Euro Stoxx 50 index closed down 87.45 points, or 1.38%, at 6235.45 on Friday, September 18; the Spanish IBEX 35 index closed down 334.79 points, or 1.69%, at 19501.41 on Friday, September 18; and the Italian FTSE MIB index closed down 846.00 points, or 1.61%, at 51539.50 on Friday, September 18.

According to Interfax news agency, the Russian Ministry of Defense stated that Russian troops struck a cargo ship in the port of Pivdenny, Ukraine.

Federal Reserve's Schmid: Oil is an important factor, but not the only driver of inflation.

Federal Reserve's Schmidt: The labor market is approaching balance and economic growth is robust.

Federal Reserve's Schmid: Voted in favor of raising interest rates, recent data shows inflation trending above 3%. Raising rates is a step towards restoring the 2% inflation target. Current inflation is not just an energy issue; price increases are "still hot" across a wide range of goods and services.

General Motors (GM.N) shares fell as much as 5.8%, while Ford Motor (F.N) dropped 4.9%.

European auto stocks fell after Volkswagen issued a profit warning, with Stellantis, Renault and Porsche shares all dropping by more than 5%, and Volkswagen shares falling as much as 7.5%.

Porsche: Expects after-tax loss of €500 million to profit of €1.5 billion for fiscal year 2026.

The governor of Virginia announced that the state will ban data centers from signing confidentiality agreements and require server warehouses to implement stricter licensing and approval regulations and clean energy requirements.

CMA CGM: Due to a significant price increase, a new emergency fuel surcharge will be implemented.

Sources say that CNP Assurances is considering making a takeover offer for credit insurer Coface.

Sources say EDF is considering selling a minority stake in Edison using a preferred stock structure.

According to an official EU gazette, the EU will implement temporary safeguard measures on imported electrical steel.

Amazon Web Services (AWS): A five-year strategic partnership agreement with SAP SE (SAP.N) is in place to expand SAP’s commercial artificial intelligence platform to seven new AWS regions.

US President Trump: I can't stand CNN, it's failing and extremely dishonest. Everything they say is biased against the Republican Party. They really are "fake news"! Luckily, very few people watch their shows!

Russian President Vladimir Putin: Russia's total arms export orders exceed $70 billion.

Russian President Vladimir Putin: Drones and other weapons are being supplied to the Russian armed forces continuously.

Mexican President Simbaum: I communicate with the automotive, steel, and aluminum industries every day.

Cuban Foreign Minister: The United States' admission of deploying weapons in outer space is further evidence of its continued pursuit of military and imperialist dominance, and its blatant disregard for international law, the UN Charter, and resolutions opposing these actions. Cuba reiterates its firm stance against the deployment of any type of weapon in outer space.

Mexican President Sinbaum: We respect Canada's decision to move closer to the European Union.