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Global Economy

German HICP Final (Aug MM) 0.2% vs. Exp. 0.2% (Prev. 0.9%)

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German August inflation came in at 2.9%, below the Eurozone average of 3.3%, as soaring energy costs drove expectations for an upcoming ECB rate increase.

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Geopolitics

Pakistan's Foreign Office spokesperson says the Makkah defence agreement is a defensive alliance focused on deterrence, with expansion not currently planned until its foundations are solidified, journalist Mallick reports