EU fuel prices hit records as ECB experts see diesel margins peak in October

• Early in-person and mail-in voting for the midterm elections officially opened across several states between September 13 and September 19, 2026. • Voters began casting ballots during this window to determine the composition of the legislative branches.

• Andrew Caruana Galizia, Head of Europe and Eurasia at the World Economic Forum, stated that Europe should prioritize its internal market. • He noted that the region will never be fully self-sufficient in certain areas, specifically citing critical raw materials.

• BitMine Immersion Technologies Inc. shares surged on Friday following a strong rebound in the price of Ethereum. • S&P Global Ratings affirmed Axon's 'BB+' credit rating on Tuesday despite the company adding $1 billion in new debt.

• Iran’s Parliament Speaker Mohammad Bagher Ghalibaf mocked the Federal Reserve’s interest rate hike on Wednesday via a post on X. • Ghalibaf shared a satirical "Straits Taylor Rule," a modified version of the standard economic formula central banks use to set interest rates.

• The Nifty index settled below 23,350 and the Sensex ended marginally lower during the most recent trading session. • Broader markets showed strength as the Nifty Small Cap 100 index traded over 1% higher and the Nifty Mid Cap 100 rose 0.5%.

• European Union members are calling for a bloc-wide windfall tax on energy firms following record-high fuel prices. • The Pentagon is reviewing options to withdraw between 25,000 and 40,000 U.S. troops from Europe despite threats from Russia.

• The New Development Bank is expanding the financial power of the BRICS nations by increasing its local-currency financing. • Wang Youming of the China Institute of International Studies states that using local currencies shields economies from politically motivated sanctions.

• Asian stock markets rose recently as a Bank of Japan interest rate hike boosted Japanese equities and falling oil prices reduced inflation pressure. • Regional performance varied, with India’s Nifty 50 rising 0.2% and Thailand’s SET gaining 0.3%, while the Philippines’ PSEi fell 1.2%.

• The Dow Jones Industrial Average fell 1.5% this week following the first Federal Reserve interest rate hike since 2023. • August retail sales rose 1.2% to $773.9 billion, surpassing the 0.8% forecast and signaling strong consumer spending.

• European stocks closed notably lower on Friday, September 26, as investors reacted to signals from central banks regarding monetary policy. • Switzerland's SMI index ended the day down 1.15%, while the DAX and CAC 40 dropped approximately 1.1% and 1.4% over the course of the week.

• Major European stock indices all declined on September 18 according to Gate market data. • The German DAX30 index saw the largest point drop, closing down 424.38 points or 1.65% at 25,308.88 points.