Ropa, clá a britské dlhopisy rastú, Shein kolíše

WORLD

• USA struck Iranian targets again, escalating tensions in the Middle East. Following airstrikes on the Islamic Revolutionary Guard, oil prices rose, with Iran promising reciprocal measures. A Reuters/Ipsos poll also shows record-low confidence in President Trump at 33 percent.
• Russia participated in the G20 meeting, where Russian Finance Minister Anton Siluanov negotiated with representatives from other countries. Scott Bessent of CNBC reportedly indicated that no sanctions relief or new agreements with Moscow are possible while the war in Ukraine continues.
• Canada will respond to US tariffs with mirror tariffs worth 20 billion dollars. This step came after failed negotiations, and economists warn of a possible loss of up to 90,000 jobs due to trade escalation.
• CME Group launched a new WTI oil contract with a size of 10 barrels, aiming to make oil trading accessible to smaller investors. Some analysts, however, warn of the risk of volatility and emotional decisions.
• Shein debuted on the Hong Kong Stock Exchange, but shares saw significant fluctuations during the first day of trading. Although shares fell by as much as 10 percent, they ultimately closed nearly unchanged, with the company’s valuation down from 2022.

EUROPE

• The yield on 10-year British bonds reached its highest level since 2008, at 5.25 percent. Rising yields are pressuring the market, which fears inflation due to rising oil prices. Kevin Warsh warned that the Fed will have to continue tightening monetary policy if inflation does not return to the target level.
• Volkswagen proposes closing four German plants by 2034. The carmaker’s management wants to gradually end production at the Emden, Zwickau, Hanover and Neckarsulm plants, but faces opposition from unions, which have prepared an alternative plan.
• Latvian GDP growth accelerated to 3 percent in the 2nd quarter of 2026, the fastest growth in over four years. Growth was driven by investment and exports, while government consumption fell.
• Police seized documents about Eximbank from the Hungarian ministry in connection with suspicious transactions. The investigation concerns loans to entities connected with the son-in-law of the former prime minister.
• Ifo reports milder price expectations, but still expects high inflation at 3 percent in 2027. Destatis also recorded a month-on-month drop in retail sales of 3.4 percent.

SLOVAKIA

• Slovak inflation fell to 3.1 percent in August, a decrease compared to previous months. The decline was helped by falling food prices, but NBS analyst Branislav Karmažin expects this effect to fade in September. At the same time, inflation in the Eurozone accelerated to 3.3 percent due to rising energy prices.

MARKETS THIS MORNING

Translated from the Slovak original and checked automatically: every figure must match the source, or this version is not published.