Daily Market Insight

• US PPI unexpectedly drop, first decline since April • Judge says Lisa Cook can stay on Fed—for now • Mexico to impose 50% tariffs on Chinese goods • China inflation turns negative on softer demand • Dollar steadies ahead of key CPI data

• BLS benchmark cuts payrolls by 911,000, underscoring labor market weakness • Trump links tariffs on China, India to forcing Putin to negotiate • Israel strikes Hamas leaders in Doha • Thailand court orders Thaksin to serve jail term • Dollar rebounds after two-day post-NFP slide

• French PM Bayrou to resign after losing confidence vote • Japan GDP growth revised up as spending resilience continues • China’s exports weaken amid steep US drop • Indonesia removes finance minister Sri Mulyani • The dollar slides, long-dated yields fall on weak NFP report

• Weak US payroll gain of 22,000 cements case for Fed rate cut • Japan’s PM Ishiba resigns, fueling political uncertainty • OPEC+ accelerates return of halted oil supply • Thailand names new PM amid ongoing political uncertainty • Dollar drops as weak jobs data cements case for Fed rate cuts

• ISM Services PMI shows growth, surpassing forecasts • ADP nonfarm employment change falls short of expectations • Fed’s Williams sees reduced upside inflation risk from tariffs • Malaysia holds rate at 2.75% amid growth risks from tariffs. • Thai August CPI fell more than expected • Dollar strengthened slightly despite mixed economic data

• JOLTs job openings fall short of expectations, indicating a slowdown in US job market • US Manufacturing activity contracted in August for a sixth month • Eurozone producer price inflation slows less than expected in July • People’s Party backs Anutin under strict terms as Pheu Thai counters with push to dissolve parliament • Long bond yields rise, gold hits record on fiscal concerns

• ISM manufacturing PMI inches up, below forecast • Euro-Zone CPI exceeds 2%, backing ECB’s steady-rate stance • DM yields surge on fiscal fears • Thai Senate passes budget amid political uncertainty • Dollar strengthens on haven demand

• Trump: India offered to slash tariffs to ‘nothing’ • Eurozone manufacturing expands first time since 2022 • Xi pledges more funding to strengthen China-Russia-led bloc • Cooling inflation may pave way for BOK easing • Dollar softens amid US holiday

• In-line PCE data has little effect on Fed expectations • US Appeals Court rules Trump’s global tariffs illegal • German inflation accelerates to 2.1% in August, above forecasts • China manufacturing contracts for fifth consecutive month in August • Thailand’s Prime Minister dismissed by Constitutional Court • Greenback eases as September cut stays in focus

• US Q2 growth upgraded as business investment gains momentum • ECB maintains wait-and-see approach in July minutes • Subsidies drag Tokyo inflation lower in August • Thai manufacturing index declines more than expected in July • Traders trimmed dollar positions ahead of upcoming PCE figures