The ECB's projections assume oil at $89.5/barrel in 2026, $78/barrel in 2027 and $73.6/barrel in 2028.

In Japan, foreign investors bought JGBs worth 449.6 bln yen in the week to Sept. 4, down from 509.1 bln yen the prior week.

Sources said India will push BRICS members to expand use of central bank digital currencies (CBDCs) for cross-border payments but will not back a unified payments network that could be viewed as challenging the dollar. As this year’s BRICS rotating chair, Prime Minister Modi prefers CBDC-settled bilateral trade between members. Sources said this weekend’s leaders’ summit in New Delhi is unlikely to agree on a single BRICS payment settlement system.