Friday 12 September 2025
The Mighty Headlines
Economics: US inflation increases by largest amount since January
Business and markets: Klarna shares rise by 15% in IPO
Foreign Affairs: Brazil’s former President convicted of attempted coup
Security and intelligence: UN Security Council to discuss Russian drones
Domestic politics: UK Labour Party Deputy Leadership moves to next stage
The Mighty Stats
FTSE = 9,297.58 (up 0.78%)
S&P 500 = 6,587.47 (up 0.85%)
Nasdaq = 22,043.07 (up 0.72%)
CAC40 = 7,823.52 (up 0.8%)
£1 = $1.36 / €1.16
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The Mighty Detail
Economics: US inflation rose by 2.9 per cent in August compared to a year earlier. This figure is the biggest increase since January. The US Federal Reserve meets next week to set interest rates and is expected to be cautious over the extent of cuts as it balances rising unemployment with higher inflation.
Business and markets: Klarna shares increased by 15 per cent in their opening day of trading at the New York Stock Exchange yesterday. A share is worth $45.82.
The Swedish Buy-Now-Pay-Later company started in 2005.
Its CEO said it decided to list in the US because it was the “largest consumer market” and the “biggest credit card market” in the world.
Foreign Affairs: Brazil’s former President Jair Bolsonaro has been convicted of an attempted coup by the country’s Supreme Court. Bolsonaro may now face prison. A full debate on his sentence is set to take place today.
Security and intelligence: There will be an emergency meeting of the UN Security Council next Wednesday. The meeting has been called at Poland’s request and comes after Russian drones entered Polish airspace this week.
Poland, Lithuania and Ukraine say that Russia’s incursion was deliberate.
NATO’s Supreme Allied Commander in Europe, Alexus Grynkewich, said yesterday, however, that it was not yet clear if it was deliberate.
Domestic politics: The Education Secretary, Bridget Philipson, and former Leader of the House of Commons, Lucy Powell, have reached the next stage of the Labour Party’s Deputy Leader election.
Each candidate now needs to secure the support of 5 per cent of local parties, or of three Labour-affiliated groups (such as trade unions), to go through to the members’ ballot.
The Mighty Calendar
What’s happening today?
UK GDP data (July)
France, Spain CPI inflation data (August)
Lookahead to the weekend
Saturday
Open House London festival begins
BBC Last Night of Proms, Royal Albert Hall, London
World Athletics Championships begin in Tokyo
Sunday
Primetime Emmy Awards, USA
Final stage of the Vuelta a España
Men and Women’s 100m finals in Tokyo
Pope Leo’s 70th birthday
The Mighty Finale
🌤️Weather today
Thundery showers in the southwest. Potential for light rain elsewhere. High of 18C and low of 11C in London. Light rain expected in Belfast and Edinburgh too in the afternoon.
✏️Life coaching quote of the day
“Learn to enjoy every minute of your life. Be happy now. Don't wait for something outside of yourself to make you happy in the future. Think how really precious is the time you have to spend, whether it's at work or with your family. Every minute should be enjoyed and savoured.” – Earl Nightingale, motivational speaker
Mighty takeaway: Don’t waste your days away with useless pre-occupations. Find time each day to do the things that make you happy.
That’s it for this morning and for this week. Thanks for reading and we hope you have a good weekend.
Bye!
The Mighty Memo team