*INTERNATIONAL NEWS 30/09/24*

1 • The U.S. core PCE inflation rate for August fell to 0.1%, below expectations and marking the lowest since May, while the annual rate rose to 2.7%, in line with expectations. Futures traders now see a slightly higher probability of a 50 basis point rate cut by the Federal Reserve in November compared to a 25 basis point cut.

2 • St. Louis Fed President Mussaeram stated that the Federal Reserve should take a "gradual" approach to rate cuts, but if the labor market weakens, a faster pace may be appropriate.

3 • Shigeru Ishiba won the Japanese ruling party leadership election and will become the next Prime Minister. He plans to hold general elections on October 27 and mentioned that fiscal stimulus measures could be implemented if necessary, while monetary policy will remain accommodative.

4 • Tensions in the Middle East: • Israel released a death toll, showing significant losses among Hezbollah leadership. @ The Iranian Speaker of Parliament stated that proxies would continue resisting Israel with Tehran's support. ® Biden continues to back Israel's operations. © Israel has not yet decided on a ground operation in Lebanon. © Israel conducted airstrikes on Beirut and Houthi targets in Yemen.

5 Moody s downgraded Israel' s credit rating from "A2" to "Baal" and maintained a negative outlook.

6 • OpenAl generated $300 million in revenue in August and is expected to reach $3.7 billion this year. Apple has reportedly exited the current round of OpenAl funding, while Microsoft is set to increase its investment by an additional $1 billion