U.S. EIA refined petroleum product inventories rose 1.585 mln barrels in the week to Sept. 11, versus a 71k-barrel build expected and a prior increase of 2.087 mln barrels.

Mitsubishi UFJ analyst Lee Hardman says market expectations for Bank of England rate hikes appear overheated, leaving sterling vulnerable to depreciation. "There has been no sign of second‑round inflation effects so far, and a persistently weak UK labour market has eased some of the BoE's pressure to tighten," he said. He warned that if energy prices do not improve, the BoE may find it hard to ignore inflation that could reach around 4% in early next year, though current rate‑hike expectations are already overheated.

Canada will introduce a 'productivity super-deduction' to broaden corporate investment tax incentives, aiming to attract business investment, boost productivity and create high-quality jobs, LeBlanc said.