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French Budget Minister David Amiel stated at the Senate Finance Committee on Wednesday that the deficit has decreased from 5.8% in 2024 to 5.1% in 2025, partly due to one-off factors, while significant uncertainty remains regarding the macroeconomic impact of the Iran conflict in 2026. He said, "If economic conditions allow, we would clearly hope to achieve a performance better than the 5% target set in the budget documents. But at this stage, and considering the uncertainty in the Middle East, we have not yet adjusted this target." French ministers indicated that economic and fiscal forecasts will be updated when they submit their fiscal plan to the EU on April 21. Economy and Finance Minister Le Maire, who spoke alongside Amiel, stated that it is still too early to determine how this rapidly evolving conflict will affect economic activity.

TTF benchmark Dutch natural gas futures fell by 9.67%, quoted at 45.205 euros/megawatt-hour, opening lower at 42.800 euros at 14:00 (UTC+8). ICE EU carbon emission trading allowances (futures price) rose by 0.38%, quoted at 70.75 euros/ton.

Golden Ten Data, April 9 — “Federal Reserve mouthpiece” Nick Timiraos: The Federal Reserve meeting minutes show that a “vast majority” of officials believe the pace of easing inflation may be slower than expected, mainly due to three interrelated concerns: the impact of tariffs on goods prices may take longer to dissipate; the pass-through effect of oil prices on core inflation; and several years of inflation rates above the target level, making inflation expectations more susceptible to a new round of shocks.