On September 9, 2025, financial markets showed modest increases, with the FTSE 100 index rising by 0.2%, Germany’s DAX up by 0.15%, and Italy’s FTSE MIB gaining 0.5%. The French CAC index saw a more significant increase of 0.7%, despite ongoing political challenges in France following the ousting of Prime Minister François Bayrou. His removal was due to a confidence vote after he sought parliamentary support for austerity measures to address public debt concerns. In the wake of this political shift, the yield on French government bonds has been increasing, reflecting worries about the nation’s debt management.
Asian markets presented a mixed picture; Japan’s Nikkei declined by 0.4%, while Hong Kong’s Hang Seng index increased by 1.1%. Meanwhile, Japan’s political landscape shifted with the resignation of Prime Minister Shigeru Ishiba, prompting Sanae Takaichi to announce her candidacy for the leadership of the ruling party.
The US dollar has also fallen to a seven-week low against major currencies, as markets anticipate an interest rate cut from the Federal Reserve. Analysts note a significant week ahead for US markets, highlighting a potential rebound in tech and retail sectors. The Brent crude oil price has climbed above $66 per barrel, buoyed by OPEC+’s decision for a modest production increase amid rising geopolitical tensions.
In corporate news, London-listed Anglo American announced a merger with Canada’s Teck Resources, forming a combined entity valued at approximately $53 billion. This deal is projected to yield significant cost savings and elevate the companies’ positions within the global copper market, crucial for the expanding electric vehicle and technology sectors.
Additionally, London commuters are facing challenges as tube strikes enter their second day. The RMT union’s actions have led to major disruptions across the network, with discussions planned for the future regarding resolution and negotiations on pay and worker conditions.
Source: https://www.theguardian.com/business/live/2025/sep/09/anglo-mining-mega-merger-londoners-commuting-struggles-tube-strike-second-day-business-live