US scraps carbon limits on coal and gas plants

15. Sep 2026

(AWP Alliance News) - Stocks in Europe are called to a mixed start as the US 10-year Treasury yield pushes past 5.0%, with investors weighing US inflationary pressures ahead of the Federal Reserve's interest rate decision due on Wednesday.

Here is what you need to know before the European market open on Tuesday:

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MARKETS

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CAC 40: called up 4.9 points, 0.1%, at 8,122.68

DAX 40: called up 2.1 points, broadly flat, at 25,442.91

FTSE 100: called down 23.8 points, 0.2%, at 10,673.77

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Hang Seng: down 0.2% at 24,859.45

Nikkei 225: up 0.3% at 63,703.61

S&P/ASX 200: down 0.9% at 8,672.70

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DJIA: closed down 152.09 points, 0.3%, at 52,421.20

S&P 500: closed down 37.00 points, 0.5%, at 7,619.98

Nasdaq Composite: closed down 146.62 points, 0.6%, at 26,186.41

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US 10-year Treasury yield: 5.02% (4.96%)

US 30-year Treasury yield: 5.38% (5.34%)

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EUR: lower at USD1.1535 (USD1.1541)

GBP: higher at USD1.3484 (USD1.3481)

USD: higher at JPY154.70 (JPY154.59)

gold: higher at USD4,303.55 per ounce (USD4,291.66)

oil (Brent): lower at USD107.04 a barrel (USD108.30)

(changes since previous London equities close)

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ECONOMIC CALENDAR

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11:00 CEST eurozone ZEW economic sentiment survey

11:00 CEST eurozone trade balance

08:45 CEST France CPI

08:00 CEST Germany wholesale prices

11:00 CEST Germany ZEW economic sentiment survey

10:00 CEST Italy trade balance

09:00 CEST Spain CPI

07:00 BST UK unemployment

08:30 EDT US New York empire state manufacturing index

08:55 EDT US Redbook index

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TOP ECONOMIC NEWS

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US President Donald Trump's administration scrapped limits on carbon emissions from coal and gas-fired power plants, the latest in a string of actions dismantling regulations aimed at curbing climate change. The changes, announced during a G20 energy ministers' meeting in Houston, roll back measures introduced under former president Joe Biden - and go further, proposing to stop future regulations over the power sector, which accounts for roughly a quarter of the nation's greenhouse gas emissions. "For over 15 years, the Obama and Biden administrations implemented a war on coal to destroy reliable and affordable energy," Environmental Protection Agency Administrator Lee Zeldin said in a statement. "The Trump Administration has come in to protect American energy and to make sure you can afford to keep the lights on," he added. Environmental groups vowed to sue, describing it as a dark day for policies that protect people from the ravages of climate change, and a gift to the fossil fuel industry.

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The US Supreme Court denied Trump's request to lift a lower court's order blocking his bid to restrict mail-in voting ahead of the November midterm elections. Only two justices on the conservative-dominated, nine-member panel offered a dissent. Justice Brett Kavanaugh in a concurring opinion with the majority said Trump's plan may ultimately be legal in the long run, but "state and local election officials do not have sufficient time to reasonably implement the rule before the elections."

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Trump attacks what he calls a "sick conspiracy" against artificial intelligence, rejecting calls for greater regulation and arguing the US must maintain its lead over China. Trump says the only "guardrails" AI needs are a "strong and smart" president, warning that tighter US controls would benefit Beijing. Trump also criticises Anthropic Chief Executive Dario Amodei, who called for companies to slow AI development and was backed by OpenAI Chief Executive Sam Altman and Elon Musk. Trump says AI will ultimately deliver "more good than bad by a lot", despite mounting warnings from technology executives about potential risks.

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China's unemployment rate rose in August, with retail sales slowing as industrial production accelerated, official data showed. According to the National Bureau of Statistics, the urban surveyed unemployment rate was 5.3% in August, accelerating from 5.2% in July. Retail sales rose 0.4% year-on-year in August, below the 0.6% increase the previous month and missing the 0.8% growth consensus forecast cited by FXStreet. Industrial production grew 5.2% on-year in August, surpassing July's 4.5% increase and the 4.8% growth consensus.

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Iran's Islamic Revolutionary Guard Corps said that an oil tanker had struck a sea mine and exploded in the Strait of Hormuz. The tanker El Gaia was travelling along the southern route through the strait, which had been mined by Iran, state broadcaster IRIB reported, citing the IRGC. The entire vessel went up in flames following the detonation of the mine, it said. The US military rejected that account. "The Panama-flagged oil tanker El Gaia was struck by an Iranian missile last month and rendered inoperable. This weekend, Iran struck the tanker again with a drone while the ship sat in waters of the coast of Oman," US Central Command said on X.

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Saudi Arabia warned it will react "firmly" to Yemen's Houthis, after a series of attacks carried out by the pro-Iranian rebels using ballistic missiles and drones wounded 13 civilians in the country's south. A Houthi strike in western Yemen killed eight soldiers from government forces, according to two military sources. The Houthis claimed a new "large-scale" attack using "dozens of ballistic missiles and drones" against the King Khalid airbase in Khamis Mushait, in southern Saudi Arabia. Riyadh responded with more than 50 strikes, as it had the day before, according to the Houthis.

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Ukraine is prepared to take "de-escalatory steps" as long as Russia does the same, President Volodymyr Zelensky said as the US pushed for an end to strikes on energy targets. Zelensky, in his daily address, highlighted "a strong proposal from the US regarding a mutual halt to strikes on critical infrastructure". He said: "If this can become the first de-escalatory step - stopping Russian strikes on our critical infrastructure, and ours in response - then Ukraine is ready to support de-escalation." Trump previously said that Ukraine and Russia had agreed not to target each other's energy facilities. "Ukraine has agreed not to hit Russian Energy targets. Russia has agreed to do, likewise!" Trump said on his Truth Social network.

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The Panama Canal is planning further reductions to maritime traffic through the waterway after already slashing numbers due to the El Nino weather pattern, the canal's administrator. Panama has declared a nationwide emergency over El Nino, a phenomenon developing over the Pacific Ocean that is affecting worldwide weather patterns and pushing up global temperatures. Canal authorities cut daily transits from 36 to 32 on September 4 to preserve water, and will slash them further to "an average of 29.5 transits" a day from October, according to a draft budget submitted to Panama's parliament.

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COMPANY CALENDAR

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Harworth Group PLC - half year results

Kier Group PLC - full year results

Trustpilot Group PLC - half year results

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TOP COMPANY NEWS

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Apple launched Siri AI and a dedicated Siri app. "Built on Apple Intelligence, this new version of Siri draws on personal context understanding to help users find what they need in the moment across messages, emails, photos, and more. And with even more systemwide app actions, Siri AI can help users with tasks such as drafting an email from scratch or editing and sharing a set of photos," the Cupertino, California-based consumer electronics company said.

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Tech billionaire Elon Musk has dropped his lawsuit against Apple over claims that the iPhone maker unfairly favoured OpenAI's ChatGPT over rival chatbots. Musk sued Apple and ChatGPT developer OpenAI just over a year ago, alleging that Apple was hindering competitors such as his Grok chatbot to give ChatGPT an advantage. Court filings on Monday said the claims against Apple had been resolved, without providing details on how. Musk's lawsuit against OpenAI, however, remains in place.

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Tesla plans to bring its Semi, a battery-powered articulated lorry, to Europe next year, the US vehicle maker announced. The first vehicles are expected to be delivered to European customers in 2027, Tesla said. Further details on the European market launch are to be announced in the coming months. The standard version will be the first variant offered in Europe, with a range of around 550 kilometres on a single charge. Tesla said the electric truck can recover up to 60% of its range in 30 minutes at fast-charging stations.

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Oracle said its Project Jupiter data centre campus does not require an air quality permit as it is on a separate site to its proposed microgrid. The Austin, Texas-based cloud computing firm said its construction to date at the site in New Mexico has been solely on the data centre campus. The firm said it is following guidance about what types of preconstruction activity can occur while an air quality permit is pending. Project Jupiter has previously faced significant local opposition, with the site originally set to be powered by gas turbines. Oracle said in April that it will power the site using fuel cells from Bloom Energy. Oracle said this will reduce nitrogen oxide emissions by 92%.

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Auckland International Airport said August traffic declined in Auckland but continued to rise in Queenstown, led by stronger international flows. At Auckland Airport, total passengers fell 2.6% to 1.45 million people in August from 1.49 million in the same month a year prior. At Queenstown Airport, total passengers grew 8.0% to 273,893 from 253,558.

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Netwealth said it has agreed to acquire 100% of the issued share capital of Scale Up Platform Solutions, trading as Paradino, an artificial intelligence-enabled advice workflow and automation platform for financial advisors. Netwealth, a Melbourne, Australia-based financial services and technology company, said it will pay an upfront consideration of AUD20 million, approximately USD14.3 million, to acquire the Sydney-based firm. The upfront consideration includes AUD15 million in cash and AUD5 million in Netwealth ordinary shares, with the equity component to be escrowed and released in four equal tranches over four years. A further AUD9 million in earn-out and retention consideration will be paid over a four year period once specific outcomes and milestones are achieved. Completion is expected by the end of October and Netwealth does not expect the deal to have a material impact on its near-term earnings.

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New Hope reported a sharp fall in profit for financial year 2026 as higher costs and depreciation weighed on results. The Brisbane, Australia-based mining company focused on thermal coal said attributable net profit declined 63% to AUD161.0 million in the twelve months to July 31, from AUD439.4 million a year ago. Basic earnings per share also dropped 63% to 19.1 Australian cents from 52.0 cents, while diluted EPS decreased 62% to 19.0 cents from 50.0 cents. Revenue fell 0.5% to AUD1.77 billion from AUD1.78 billion. New Hope declared a final dividend of 30.0 cents per share, doubled from 15.0 cents per share previously. This brings the total dividend to 40.0 cents per share, up 18% from 34.0 cents a year ago.

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By Judy Amaca, Alliance News reporter Asia Pacific

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