The heavy cost of a strategic U-turn: Honda joins the global automakers' "de-electrification" massive loss camp

Trader: Abu Dhabi National Oil Company issued a tender this week to sell crude oil for December loading or January delivery.

The Central Bank of Turkey conducted a one-week gold-for-lira sell swap auction using traditional methods, with a scale of 6 tons.

On October 8 local time, the European Court of Auditors (ECA) released its 2025 annual report, expressing concerns over the continuous growth of EU debt. According to the report, by the end of 2025, the EU's debt had reached approximately 740 billion euros. The report also warns that this figure may further rise to 1 trillion euros by 2027. The ECA pointed out that the increase in EU debt is mainly related to aid for Ukraine, rising interest rates, defense spending, and the EU recovery fund. (CCTV)

⑴ European Central Bank’s Holzmann stated that core inflation is stabilizing, which to some extent indicates that overall price pressures are under control. ⑵ ECB Governing Council member Holzmann expressed that persistently high inflation supports the view that policy rates should be adjusted to more restrictive levels. ⑶ Inflation risks are tilted to the upside due to oil, natural gas, food, and robust growth. ⑷ The timing and scale of any action will be decided at each meeting. ⑸ More stable core indicators provide some reassurance, suggesting that broader price pressures are being contained.