Key Events Around the Globe Investors Must Know

ECB Minutes Reveal Confident But Cautious Stance Amid High Uncertainty

The European Central Bank policymakers felt no immediate pressure to adjust interest rates in September as risks to both inflation and growth were seen as balanced and the high uncertainty linked to trade policies also justified the stance, as this would give more time to assess the real impact of tariffs on the economy, minutes of the September policy session showed on Thursday.

“The incoming data since the July meeting had confirmed that the inflation outlook continued to be in a good place and that the domestic economy remained resilient, with risks to economic growth now more balanced,” the minutes, which the ECB calls “account” of the September 10-11 Governing Council session, revealed.

German Exports Fall on Weak US Demand

Germany’s exports declined for the second straight month in August as higher trade tariffs weighed on shipments to the United States, official data revealed Thursday. Exports dropped 0.5 per cent in August from July, following a decline of 0.2 per cent in July, Destatis said. The drop came in contrast to the expectations for an increase of 0.3 per cent. At the same time, the decline in imports worsened to 1.3 per cent from 0.7 per cent. The pace of fall was also sharper than the forecast of 0.5 per cent.

Japan Producer Prices Add 0.3% on Month in September

Producer prices in Japan were up 0.3 per cent in the month of September, the Bank of Japan said on Friday. That exceeded expectations for an increase of 0.1 per cent following the 0.2 per cent contraction in August. On a yearly basis, producer prices climbed 2.7 per cent – again topping forecasts for 2.5 per cent but unchanged from the previous month.

Source: HDFC Securities Prime Daily, 10 October 2025

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