Brazilβs Supreme Court sentenced former President Jair Bolsonaro to 27 years and three months in prison for plotting a coup after his 2022 election defeat. The court took his age (70) into account. Bolsonaro, the first ex-president of Brazil convicted for an attack on democracy, is under house arrest; his lawyers plan to appeal. #Brazil #Bolsonaro #FiatNews
Germany will expand air surveillance over Poland and increase support for Ukraine following recent airspace violations by drones originating in part from Belarus. The moves form part of a broader Western effort to bolster regional defense and deterrence. #Germany #Ukraine #FiatNews
NATO is preparing a military defensive response to the drone incidents to strengthen deterrence along the allianceβs eastern flank, while Western leaders work on a political reaction. Poland has asked allies for additional air-defense and counter-drone systems as part of the response. #NATO #FiatNews
Consumer inflation remains above the Fedβs target but shows no runaway acceleration, while new jobless claims rose to their highest level since October 2021. The 10-year Treasury yield briefly dipped below 4%; European bonds lagged amid expectations of halted easing. #Inflation #Unemployment #Bonds #FiatNews
Wall Street rallied as signs of an imminent Fed rate cut strengthened after mild inflation data and a jump in unemployment claims. The S&P 500 hit a new record, the Dow Jones topped 46,000, and gold climbed above its inflation-adjusted 1980 high. #S&P500 #DowJones #Gold #Fed #FiatNews
The International Energy Agency (IEA) raised its near-term oil production and demand forecasts in its monthly market report, saying supply will increase more than previously expected. Global production is now seen rising by 2.7 million barrels per day (bpd) this year to 105.8 million bpd, up from an August projection of a 2.5 million bpd increase. The IEA also lifted its demand growth outlook to +740,000 bpd for 2025 (vs. +680,000 bpd in August). #IEA #Oil #OPEC #FiatNews
On 11 September 2025 the Court of Justice of the European Union annulled the European Commission's decision to approve state aid for the construction of Hungary's Paks II nuclear power plant. The court said the Commission "did not sufficiently assess" whether the state funding complied with EU law and failed to examine whether the direct award of the contract breached public procurement rules β a point the court deemed necessary because the direct award was tied to the granting of state aid. #EU #Hungary #Paks
Austria had appealed to the EU's highest court after losing at a lower instance that in 2022 upheld the Commission's 2017 finding that Hungary's measures did not violate state aid rules. Austria β a long-standing opponent of nuclear power β first challenged the aid in 2018 and lodged the cassation appeal now accepted by the Court.
Paks, about 100 km south of Budapest, has been operating since 1982; its four reactors supply roughly 50% of Hungary's electricity. Under a contract with Russia's Rosatom, Hungary planned two new reactors that Moscow said would be delivered in the early 2030s. The ruling highlights scrutiny of HungaryβRussia energy cooperation and legal compliance with EU procurement and competition rules. #FiatNews
FX snapshot (10:44 CET): EUR/CZK 24.4159 (+0.1165%), EUR/USD 1.1694 (-0.0385%), JPY/EUR 172.8550 (+0.2412%), CNY/EUR 8.3288 (-0.0374%), GBP/EUR 0.8650 (+0.0578%). Changes vs prior European close. #FX #FiatNews
The ECB is widely expected to keep rates unchanged today. President Lagardeβs accompanying statement is likely to leave the door open to further cuts while stressing that policy is appropriately set; rates are seen near the cycle low and stability may follow. #ECB #FiatNews
US CPI is scheduled for 14:30 CET; consensus expects headline inflation at 2.9% and core at 3.1%. A softer-than-expected print would likely support Fed rate-cut expectations and could spur speculation of a larger cut; a stronger print would work the opposite way. #CPI #Fed #FiatNews