Chancellor John Hiley used his first budget to plug a £5 bln shortfall in the UK defence investment plan by reprioritising capital spending across government departments. He did not commit to raising defence spending to 3% of GDP by 2030. Hiley resigned as defence secretary in June after then-PM Keir Starmer declined to make that 3% pledge; the shortfall was inherited by Hiley and incumbent PM Andy Burnham.

Carmignac investment committee member Kevin Thozet said US inflation remains materially above the Fed's 2% target and, on economic data alone, another rate hike would not be unreasonable. He expects the Fed to leave rates unchanged on Wednesday, citing tighter financial conditions—equity volatility and nascent stress in peripheral credit markets—as the rationale for a pause, while noting a pause does not necessarily imply a shift toward easier policy.

梵蒂岡外交部：梵蒂岡未參與近期俄烏圍繞奧列什基鎮達成的停火安排。