European Central Bank President Lagarde: Most inflation expectations indicators are around 2%.

European Central Bank President Lagarde: Domestic price pressures remain strong.

European Central Bank President Lagarde: Risks to economic growth are tilted downward.

European Central Bank President Lagarde: Most underlying inflation indicators are starting to decline.

European Central Bank President Lagarde: Service sector inflation is supported by wage growth and tourism.

European Central Bank President Lagarde: The EU governance framework should be completed by the end of the year.

European Central Bank President Lagarde: Governments should continue to reduce relevant support measures. This is critical to avoid pushing up medium-term inflationary pressures, which would otherwise require a tougher monetary policy response.

European Central Bank President Lagarde: Fiscal policy should increase the productivity of the economy.

European Central Bank President Lagarde: The service sector has created fewer jobs.

[Capital Economics: The European Central Bank’s monetary tightening may be over, but it will not cut interest rates soon] Andrew Kenningham, chief European economist at Capital Economics, wrote in a report that the European Central Bank’s interest rate hikes may mean the end of its monetary tightening cycle. Finish. The central bank raised interest rates by a further 25 basis points, but suggested they may have reached a level sufficient to keep inflation under control. But that doesn’t mean interest rate cuts will start anytime soon. "Given the strength of underlying inflation, we expect rates to remain at this level for at least a year, even though the economy appears to be heading into recession," he said.

Agency comments on U.S. economic data: The U.S. dollar continued its gains after the European Central Bank raised interest rates, and the two-year U.S. Treasury yields edged higher. At the same time, the economic data released by the U.S. were encouraging. Not only were retail sales much higher than expected, but PPI also trended higher. The uptick, coupled with lower-than-expected jobless claims, suggests the U.S. economy is still hot and ready to withstand further interest rate hikes from the Federal Reserve.

The U.S. 2-year Treasury yield rose 3.60 basis points to 5.020%.

U.S. Treasury yields rose after the release of economic data, with the 10-year Treasury yield rising 3.20 basis points to 4.280%.

The price of three-month zinc on the London Metal Exchange (LME) reached $2,595, the highest level since May 11, rising 2.1% on the day.

U.S. core retail sales in August were US$564.027 billion, compared with the previous value of US$526.809 billion.