SUMMARY: Poland pledged to advance military modernization after Russian drones struck its territory, raising NATO concerns about Kremlin ambitions amid ongoing war in Ukraine. The incursion, viewed by European leaders as a deliberate provocation, prompted NATO to assess airspace defenses. Finnish President Stubb warned of blurred war-peace lines in Europe. Poland plans to receive U.S. F-35 jets by 2026 and closed its Belarus border amid joint military exercises. The U.N. Security Council will meet on the incident. Meanwhile, China urged Poland to keep a Belarus rail link open. Ukraine and the UK agreed to produce interceptor drones as drone warfare intensifies in the conflict.

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SUMMARY: Wall Street reached new highs as a surprising slowdown in U.S. wholesale inflation and Oracle’s optimistic AI-driven growth forecast boosted market sentiment. The S&P 500 rose 0.3%, hitting records for a second day, while the Dow fell 0.5%, dragged down by Apple. Traders anticipate the Federal Reserve will cut interest rates next week to support the economy without triggering inflation or recession. Oracle’s shares surged 35.9% after projecting cloud AI revenue to jump significantly, while chipmaker TSMC also saw gains. European markets were mixed, and U.S. Treasury yields dropped, reflecting hopes for easing monetary policy amid controlled inflation.

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SUMMARY: In August, U.S. producer prices unexpectedly fell 0.1% from July, signaling a slowdown in wholesale inflation after a 0.7% rise the previous month. Core producer prices, excluding food and energy, also declined 0.1%. Despite tariffs imposed by President Trump, their impact on inflation remains muted as wholesalers and retailers absorb costs amid weak demand and supplier discounts. Some imported goods, like coffee, have risen significantly. The drop in producer prices suggests consumer inflation may rise slightly but remains modest. This trend increases expectations that the Federal Reserve will cut interest rates soon, amid signs of a weakening economy.

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