The Reserve Bank of India stated that crude oil prices falling 10% below the benchmark could boost GDP growth by 15 basis points.

(1) According to economists cited by CNN, the unprecedented wave of protests erupting in France has exposed the country’s increasingly severe fiscal problems and could very likely trigger a large-scale crisis across Europe. (2) Previously, European Central Bank President Christine Lagarde stated that France’s public debt has reached nearly 120% of GDP, and the government has no plan to control the debt, which poses a serious challenge for France. (3) Ángel Talavera, Chief European Economist at Oxford Economics, told CNN that the likelihood of this crisis spreading to other countries and even the entire Eurozone is very high and could lead to a severe crisis across the region.

Wells Fargo has lowered Airbnb's (ABNB.US) target price from $186 to $185.

UK Conservative Party leader Badenoch stated that maintaining continuous economic growth will remain a core principle for the Conservative Party. The savings plan will allow for a reduction of the deficit by 35 billion pounds.

(1) El Niño continues to strengthen, with the latest August Oceanic Niño Index reaching 2.2°C, firmly placing it in the "very strong" category. (2) In comparison, during the 2015-2016 super El Niño event, this index was around 1.7°C in August and subsequently peaked at 2.6°C in December. (3) If this seasonal pattern persists, the coming months could point to an unusually strong or even potentially record-breaking El Niño. (4) The impact on commodities is already evident on both supply and demand sides. (5) Weather-related supply risks are supporting agricultural markets such as sugar, cocoa, and coffee, while the possibility of a milder winter in the Northern Hemisphere could suppress heating demand and dampen natural gas consumption. (6) The more persistent and stronger the current El Niño becomes, the greater the risk that weather will become a more significant driver of commodity prices by 2027.