Sweden's prime minister Kristersson said he will contact other party leaders to explore possible cooperation.

1. Monday: ① Data: Canada's August CPI month-on-month rate; China's August M2 money supply year-on-year rate (to be determined). ② Holiday: The National Stock Exchange of India is closed. 2. Tuesday: ① Data: China's August retail sales of consumer goods year-on-year; China's August industrial value-added year-on-year; UK's July three-month ILO unemployment rate; UK's August unemployment rate; UK's August jobless claims; France's final August CPI month-on-month rate; Germany's September ZEW economic sentiment index; Eurozone's September ZEW economic sentiment index; Eurozone's July seasonally adjusted trade balance; US ADP employment change for the week ending August 29; Canada's July wholesale sales month-on-month rate; US September New York Fed Manufacturing Index; China's August total electricity consumption year-on-year; China's August total electricity consumption (to be determined). ② Events: The National Energy Administration releases total electricity consumption data around the 15th of each month; the National Bureau of Statistics releases monthly reports on residential sales prices in 70 large and medium-sized cities; the State Council Information Office holds a press conference on the national economic situation. 3. Wednesday ① Data: US API crude oil inventories for the week ending September 11; UK August CPI (MoM), UK August Retail Price Index (MoM); Eurozone July Industrial Production (MoM); US August Retail Sales (MoM), US August Import Price Index (MoM), US September NAHB Housing Market Index, US July Business Inventories (MoM), US EIA crude oil inventories for the week ending September 11, US EIA Cushing, Oklahoma crude oil inventories for the week ending September 11, US EIA Strategic Petroleum Reserves for the week ending September 11. ② Event: European Commission President Ursula von der Leyen delivers her State of the Union address. 4. Thursday: ① Data: US Federal Reserve interest rate decision (upper limit) to September 16; China's August SWIFT RMB share in global payments; Switzerland's August trade balance; Eurozone's final August CPI year-on-year rate and final August CPI month-on-month rate; UK Bank of England interest rate decision to September 17; US initial jobless claims for the week ending September 12; US August housing starts (annualized); US August building permits; US September Philadelphia Fed Manufacturing Index; US August pending home sales index (month-on-month); US EIA natural gas storage for the week ending September 11. ② Events: US Securities and Exchange Commission holds a roundtable discussion on 24-hour trading; Bank of Canada releases monetary policy meeting minutes; Federal Reserve FOMC releases interest rate decision and economic projections summary, Federal Reserve Chairman holds monetary policy press conference [simultaneous interpretation]; Bank of England releases interest rate decision and meeting minutes. 5. Friday ① Data: UK September GfK Consumer Confidence Index; Japan August Core CPI YoY; Germany August PPI MoM; UK August Seasonally Adjusted Retail Sales MoM; Eurozone July Seasonally Adjusted Current Account; US August Industrial Production MoM; US August Conference Board Leading Economic Index MoM; China August Year-to-Date National Power Generation Capacity; China August Year-to-Date National Power Generation Capacity YoY (TBD); Bank of Japan Target Interest Rate to September 18 (TBD). ② Events: RBA Governor Bullock attends hearing; Bank of Japan announces interest rate decision; Bank of Japan Governor Ueda holds monetary policy press conference. 6. Saturday: ① Data: US Total Oil Rig Count for the Week Ending September 18.

Tianfeng Securities research note maintains timing-based bearish views on gold and silver. Silver staged a mid-week rebound but plunged on Friday, aligning with the firm's timing signals; gold was relatively flat mid-week with only a weak bounce and models remain bearish. With the dollar and US Treasury yields firming on renewed overseas rate-hike expectations, Tianfeng says short-term Adjustment pressure on precious metals is likely to persist.