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Banque de France governor Mulan said the heatwave trimmed France’s GDP growth by 0.1 percentage point.

2026-09-11

Banque de France governor Mulan said the heatwave trimmed France’s GDP growth by 0.1 percentage point.

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2026-09-11

Based on the intraday 2-year Treasury yield of approximately 4.59% and the effective federal funds rate of 3.63%, the spread between the two reached about 96 basis points, the largest since November 2022. Currently, federal funds futures are pricing

Based on the intraday 2-year Treasury yield of approximately 4.59% and the effective federal funds rate of 3.63%, the spread between the two reached about 96 basis points, the largest since November 2022. Currently, federal funds futures are pricing in about 70% of a 25 basis point rate hike next week, with the market pricing in a path of two rate hikes by March next year. The rapid widening of the spread indicates that the market is re-betting on a higher policy rate path, but it cannot be directly interpreted as the Fed needing to raise rates by nearly 100 basis points. The two-year yield includes both interest rate expectations for the next two years and a term premium.
2026-09-11

The A-share cultural and media sector fell sharply again, with China Publishing Group hitting the daily limit down, and Publishing Media, CITIC Publishing, Readers Media, Sanrenxing, and Dasheng Culture all falling by more than 6%.

The A-share cultural and media sector fell sharply again, with China Publishing Group hitting the daily limit down, and Publishing Media, CITIC Publishing, Readers Media, Sanrenxing, and Dasheng Culture all falling by more than 6%.
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