The European Central Bank raised the benchmark rate to 2.50%. This decision comes in the context of efforts to control inflation in the euro area, at a time when European financial markets are closely monitoring the evolution of monetary policy.
In China, inflation accelerated in August, which may have implications for the world's second-largest economy and for global markets. This data comes at a time of concern about Chinese economic growth.
Oil prices recorded a rise, influenced by tensions in the Middle East. Instability in the region continues to affect global energy markets, contributing to volatility in crude prices.
On the other hand, gold fell against expectations of interest rate hikes. Investors seem to prefer other assets over the precious metal, at a time when higher interest rates make non-yielding investments less attractive.
