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Fitch: The progress of inflation decline seems to have ended. Brian Coulton, chief economist of Fitch, said that the decline of core commodity prices (the main force of inflation decline this year) seems to have ended. With the increase of automobile prices, the core commodity prices rose by 0.3% month-on-month. Service inflation is declining, but the rate of decline is very slow, because rent inflation is stubborn, and the service inflation is 4.6%, which is still far higher than the pre-epidemic level.The power company said that Nigeria suffered a nationwide power outage due to power grid failure.The Canadian dollar expanded its gains to an intraday high.

Bank of Canada: The sharp interest rate cut is aimed at supporting economic growth and keeping CPI at a level close to 2%.Mackler, Governor of the Bank of Canada: As expected, the high housing inflation continued to ease, and the downward pressure of commodity prices on inflation eased.Traders have increased their bets on the ECB's interest rate cut, and it is now expected that the ECB will cut interest rates by 158 basis points in 2025.

Yibin Paper: The asset-liability ratio of the acetate fiber company to be acquired is 88.31%. Yibin Paper announced the change, and the company plans to acquire 67% equity of Sichuan Pushi Cellulose Acetate Co., Ltd. held by the related party Yibin Pushi Group Co., Ltd.. As of July 31, 2024, according to the audited financial data, the total liabilities of Acetic Fiber Company were 971,116,800 yuan, and the asset-liability ratio was 88.31%. It is expected that there will be related capital outflows in the future. The transaction has yet to be reviewed and approved by the company's shareholders' meeting and procedures such as handling industrial and commercial change registration, and subsequent implementation is uncertain. Investors are requested to invest rationally and pay attention to risks.Toronto stock index GSPTSE rose 0.21% to 25,558.81.The yield of Italian 10-year government bonds fell to the lowest level since mid-August 2022, at 3.162%.