The China Meteorological Administration said typhoon formation and landfalls in waters affecting China this year have been markedly above normal, with overall greater intensity, more long-lived storms and longer onshore residence times leading to lar

Bank of England Deputy Governor Ramsden: We seem to be in a period of higher overall inflation for a longer period of time, which is affecting my thinking.

Domestic News: 1. State Council Executive Meeting: To address current economic problems, the government will increase counter-cyclical adjustments to macroeconomic policies. 2. Shanghai: Orderly implementation of pre-sale of existing commercial housing. 3. Seven departments, including the Ministry of Industry and Information Technology, jointly issued the "15th Five-Year Plan for the Development of the New Battery Industry." 4. Ministry of Commerce announced details regarding the China-US Trade Council and the "30 billion to 30 billion" reciprocal tariff reduction framework. 5. Ministry of Commerce: China and the US agreed to hold the next China-US Artificial Intelligence Dialogue before the end of November this year. 6. National Bureau of Statistics: Profits of large-scale industrial enterprises nationwide increased by 15.7% from January to August 2026. 7. Eight departments, including the People's Bank of China, jointly issued the "Guiding Opinions on Financial Support for the Expansion and Quality Improvement of the Service Industry." International News: 1. Ukraine expects a ceasefire in the Black Sea region in the coming months. 2. OpenAI postpones the release of GPT-6.1 Astra due to security concerns. 3. Trump will announce a $15 billion steel project plan in Iowa. 4. Nvidia grants an additional $150 billion in stock buyback authorization, bringing the total to $235 billion. 5. Japan's top foreign exchange official, Atsushi Mimura, urges the market to pay attention to warnings issued regarding the yen. 6. AMD acquires World Labs for $8.2 billion; Fei-Fei Li will become AMD's chief scientist. 7. Federal Reserve Governor Cook: Inflationary pressures from AI and the Middle East conflict are expected to continue in the coming months. 8. Overnight Market—US Treasury yields continue to climb, with 2-year yields approaching 5%; spot gold fell 4%; silver plunged 5.6%; crude oil rose initially before turning negative. 9. Middle East Situation— ① Foreign media, citing US officials, reported that Trump is willing to ease sanctions on Iran and release frozen funds in exchange for Iran taking substantive measures on the nuclear issue. Iran has indicated some flexibility on the nuclear issue. ② Iranian media, citing Iranian officials, denied reports of "Iran showing flexibility on the nuclear issue." ③ Trump denies US media reports that he "easing sanctions on Iran and unfreezing funds." ④ Reports indicate that Saudi Arabia's East-West pipeline has resumed oil exports. ⑤ Trump revealed that the US held talks with Iran on Monday through mediators. ⑥ Qatar has reportedly extended its force majeure declaration for liquefied natural gas until November. ⑦ Sources: The US is considering sanctions waivers to allow flights between Iran and the Iraqi holy city of Najaf to resume. ⑧ Netanyahu visited the UAE on Sunday. ⑨ Iranian Foreign Minister: He held talks with mediators on Monday and hopes for a final response from the US by Tuesday; he will not remain in New York waiting for a US response.