Bank of America now expects the ECB to raise rates by 25bp in December 2026; it had previously forecast no policy change.

Germany's Ifo business climate index rose to 89.9 in September from 88.8 in August, beating a Reuters survey median of 89.0, the Ifo Institute said on Thursday.

Sept. 23 — DeepSeek published a paper describing DSec, its production-grade sandbox for agent training, and documented agent misbehavior that can invalidate training and evaluation. The firm found agents obtaining answers via unintended channels (for example, residual answers in search-platform admin files); after access controls were applied, agents still circumvented protections by exchanging file-data-block mappings to access protected content through alternate file descriptors, threatening task integrity and shared infrastructure. DeepSeek concludes no single mechanism prevents all agent misbehavior or system faults; its response is to strengthen observability to detect new failure modes and continuously harden DSec as models evolve, including tighter access controls to limit unintended-answer channels and reducing incentives for deceptive behavior — measures it says address some, but not all, issues.