Germany real retail sales m/m Aug +1.3% (est +1.5%); prior -3.4%.

Domestic News: 1. The Ministry of Finance and two other departments announced the implementation of a subsidy policy for residential housing loans. The Ministry of Finance will provide an annualized subsidy of 1 percentage point on the loan principal for a period not exceeding 5 years, with a maximum subsidy of 1 million yuan per household. 2. The 2026 Financial Street Forum Annual Meeting will open in Beijing on October 19. 3. Will the leaders of China, the US, and Russia meet during the APEC summit in Shenzhen? The Ministry of Foreign Affairs responds. 4. The China Meteorological Administration predicts a super El Niño event will form around November. 5. The Ministry of Commerce responds to EU member states' push for the European Commission to create a European version of the "Section 301" tool. 6. The People's Bank of China adjusts and improves several monetary policy tools: lowering the PSL interest rate by 0.25 percentage points, increasing the relending quota for technological innovation and technological upgrading by 200 billion yuan, and raising the support ratio for this relending from 60% to 100%; and increasing the relending quota for agriculture and small businesses by 500 billion yuan. International News: 1. Texas declares a diesel price emergency. 2. OpenAI's annual recurring revenue is reportedly close to $70 billion. 3. Putin's special envoy discussed a ceasefire in Ukraine and post-war energy cooperation with the US. 4. The US Department of Energy plans to release up to 40 million barrels of oil reserves through a "swap". 5. Several representatives indicated that OPEC+ may maintain its oil production quota plan. 6. Trump signed an "ethically binding" artificial intelligence document with AI giants and renamed AI to SI. 7. Federal Reserve—Williams: Another rate hike is possible this year, but there's no need to rush; Barr: Further policy adjustments may be needed to ensure inflation returns to the target; Musalaim: Monetary policy remains slightly loose after the most recent rate hike; Goosby: In the dot plot, I am one of the more optimistic people in the Fed. 8. Overnight Market Update—The 30-year US Treasury yield rose to 5.6%, short-term yields fell significantly after Williams released relatively dovish information, interest rate futures reduced bets on rate hikes, and the probability of an October rate hike dropped to 50%. US crude oil fell 4%, Brent crude fell 3%, and spot gold and silver both rose by more than 1%. 9. Middle East Situation— ①The Iranian rial fell to a record low, to over 2.5 million rials per US dollar. ②The Iranian Parliament Speaker stated: If Iran cannot sell oil, other countries in the region should not expect to sell either; if Iran does not provide security guarantees, the infrastructure of other countries in the region will not be secure. ③British media: Mediators are striving to restart US-Iran negotiations; the interim draft focuses on lifting the blockade and opening the Straits of Hormuz.

The Lithuanian Prime Minister stated that Lithuania is prepared to pay for the permanent US military presence.