A consolidated view of market events, assembled from diverse sources.
China Southern Airlines will resume direct flights between Guangzhou and New Delhi from September 21, marking the first restoration of this route in six years. The flight resumption coincides with Chinese President Xi Jinping's visit to India for the 18th BRICS Summit, representing a significant step toward normalizing India-China relations after the COVID-19 pandemic and military tensions.
Yes Securities argues that rising US Treasury yields above 4.9% are overblown fears, citing strong US nominal growth, robust corporate earnings, and a structurally higher equilibrium real rate. The brokerage expects yields to remain within a 4.7-5.2% range, viewing this as tolerable cost of capital in a higher growth economy.
The Federal Reserve is expected to announce a quarter-point rate hike on Wednesday, with markets showing mixed signals as US stocks rebounded 0.9% on Friday. Oil prices have retreated from recent highs near $110 after jumping to their highest levels since May due to Iran war tensions, while the broader energy crisis continues with physical prices above $120 and natural gas at 15-year highs.
The 18th BRICS Summit in New Delhi concluded on September 13, 2026, with India successfully hosting an expanded grouping of 11 nations representing 49.5% of global population and 40% of global GDP. Despite India's efforts to secure easier market access and fairer trade opportunities, the country's trade deficit with BRICS nations has widened significantly to $226.1 billion in FY2025-26, with China and Russia being the primary contributors to this imbalance.
President Trump suggested he might allow Chinese EV manufacturers to build vehicles in the US if they employ American workers, while maintaining the effective ban on Chinese-made cars. The Trump administration has escalated criticism of Ford's partnerships with Chinese companies, with Transportation Secretary Sean Duffy expressing concerns about Ford's licensing deal with CATL and recent deals with Geely and BYD, while Congress pushes legislation to tighten restrictions on Chinese vehicles and connected technology.
Four U.S. financial regulators have proposed new third-party risk management guidance that would allow banks and credit unions to tailor oversight to individual relationships while replacing existing 2023-2024 guidance. The framework specifically addresses core service providers and includes a companion guide for community banks under $30 billion in assets, with the Federal Reserve Board voting 6-1 to issue the proposal despite Governor Michael Barr's dissenting view.
Markets are now betting on a 90% chance of a Federal Reserve rate hike next week following August inflation data that showed core CPI rising 0.3% month-over-month, while the European Central Bank raised rates by 0.25 percentage points to 2.5% citing energy cost pressures. Central banks worldwide are facing mounting pressure to tighten monetary policy as energy costs from the US-Iran conflict drive inflation above target levels across major economies.
The BJP has criticized the Congress for creating a negative atmosphere around India's hosting of the 18th BRICS Summit, while Congress leader P Chidambaram questioned whether India has gained tangible benefits from the bloc. The ruling party highlighted India's economic transformation under BJP rule, citing the country's 7.8% growth rate and increased global influence, including Xi Jinping's first visit to India since 2019.
Colgate-Palmolive is exploring the sale of several mass-market personal care brands including Softsoap and Irish Spring through Goldman Sachs, potentially generating over $1 billion in proceeds. The divestment is part of a broader portfolio realignment strategy to focus on high-margin oral care and pet nutrition segments amid cost pressures and intensifying competition.
Prime Minister Mark Carney's September 14-15 investment summit in Toronto has unveiled 167 potential investment projects worth $1 trillion across eight key sectors, with major financial institutions committing significant capital. The summit will test Canada's Persian Gulf trade strategy, featuring commitments from UAE's $50 billion investment and major projects including a $57 billion Arctic port expansion and $44 billion offshore wind project.