At the open on Monday, Oct. 12, the Dow Jones Industrial Average rose 144.81 points, or 0.28%, to 51,799.76; the Nasdaq Composite fell 12.47 points, or 0.05%, to 27,353.70; the S&P 500 rose 8.17 points, or 0.10%, to 7,819.71.

REUTERS SURVEY: Argentina's average annual inflation is forecast at 32.1% in 2026 and 22.8% in 2027 (July survey: 32.3% and 22.3%). GDP is expected to expand 1.9% in 2026 and 2.6% in 2027 (July survey: 3.0% both years).

The Civil Aviation Administration of China, with the NDRC, Ministry of Transport, MOFCOM, SASAC and CUSTOMS, issued Opinions on promoting the healthy, orderly development of international air cargo. The paper sets a 2030 target to materially boost global hub connectivity, raise firms’ international competitiveness, extend route networks to cover key global markets, and lift operational capacity and transshipment efficiency to internationally advanced levels. It calls for building a safe, reliable, green, smart, open and integrated international air‑cargo system, supporting the construction of a "Global 1-2-3 Fast Cargo Logistics Circle," and developing air‑cargo support capacity aligned with China’s opening and global trade layout.