French Finance Minister Lescure said France-Germany sovereign bond spreads are too wide and public finances need to be put back on track.

Bank of Japan sources expect a 25bps rate hike at next week's policy meeting. The BOJ may signal readiness to accelerate tightening but has no preset view on the terminal rate or timing of further hikes.

On Sept. 11 at a Sichuan investor online reception and interim-results briefing, Luzhou Laojiao Chairman Liu Miao said channel inventory depends on total stock and sell-through velocity. Since H2 last year the company has tightened linkage between channel quotas and bottle-opening sales under a “sales-driven allocation and quota-linked sell-through” scheme, and channel inventory has steadily fallen. With ongoing improvement in sell-through and the rolling H2 base being digested, inventory should return to healthy levels. This year the company proactively controlled shipments and prioritized clearing channel stock; YoY changes in mid- and high-end product sales revenue were broadly similar. As channel inventory normalizes, the segment is expected to gradually improve.