中國人民銀行：將在9月14日至9月17日開展隔夜逆回購操作，採用固定利率、數量招標，每日操作量不超過6000億元。

Southbound funds net bought CNY4.551bn today. Via Shanghai Stock Connect, Tencent Holdings and Yangtze Optical Fibre and Cable led inflows at HKD819m and HKD331m respectively; Zhipu posted the largest net outflow at HKD890m. Via Shenzhen Stock Connect, CNOOC and Yangtze Optical Fibre and Cable had net inflows of HKD227m and HKD77m; SMIC recorded the largest net outflow at HKD633m.

Marex FX joint head of FX trading and head of private markets Jonathan Pryor warned in a report that the ECB could be left on the back foot after Thursday’s rate decision. He said if the ECB misreads the move as a one-off hike and is overtaken by higher-rate G10 central banks, it could cause lasting reputational damage for Lagarde and the ECB. Pryor added the ECB faces the added challenge of coordinating policy while managing volatile sovereign bond spreads across member states — a risk that is often overlooked. Any ECB commentary on bond markets will therefore be important, he said, because the topic is normally avoided but will be central to the coming months’ challenges.