歐洲正以歷史最低水平的天然氣庫存進入冬季。如果天氣比預期更加寒冷，歐洲將缺乏足夠的緩衝空間，而此時天然氣價格正在大幅上漲。歐洲天然氣基礎設施行業組織Gas Infrastructure Europe負責人Lucie Boost表示：“如果我們面臨複合型衝擊，情況將變得棘手。”根據Aggregated Gas Storage Inventory數據庫的數據，目前歐洲天然氣儲存設施的庫存率僅爲65.6%，遠低於正常秋季水平，也是該數據庫15年前開始記錄以來同期最低水平。過去兩個月，歐洲天然氣價格已上漲超過75%，本週更是觸及三年來最高水平。德國和荷蘭的儲氣運營集團表示，兩國都將無法達到各自的天然氣儲存目標，目標庫存率分別爲70%和80%。

Japan's budget requests for the coming fiscal years expanded to ¥143.1 trillion (about $917.8 bln) after the government adopted a unified framework combining initial and supplementary budgets, the Finance Ministry said on Friday. Driven by Prime Minister Sanae Takaichi's expansionary fiscal agenda, the increase has pushed government borrowing costs to a 30-year high and sharpens market focus on next year's JGB issuance size. The total exceeds the ¥140.61 trillion comprehensive spending package finalized in Takaichi's first year—comprised of a ¥18.3 trillion FY25 supplementary budget and a ¥122.3 trillion FY26 initial budget—and is roughly comparable in scale to pandemic-era support measures.

China's State Taxation Administration said its latest tax data show tax authorities have implemented targeted tax and fee relief measures supporting urban renewal, resulting in cumulative tax cuts, fee reductions and refunds of 487 bln yuan in 1H.