Daily Market Insight

• U.S. inflation accelerates to 3.7% in August amid jump in gas prices • German govt sees economy shrinking up to 0.3% this year • UK economy stumbles in July as strikes and rain weigh • Dollar steadies ahead of inflation data; Sterling falls on weak GDP

• Fed to leave rates unchanged on Sept. 20; cut unlikely before Q2 2024 • UK wage growth points to another rate hike but jobless rate rises • China 2023 GDP growth forecast cut to 5.0%, 4.5% in 2024 • Dollar retreats ahead of inflation data; Yen soars on Ueda's comments

• EU Commission cuts euro zone growth forecast as Germany in recession • BOJ's hawkish tilt suggests end to super-easy policy approaching • Australia consumer sentiment worsens in September • Dollar retreats ahead of inflation data; Yen soars on Ueda's comments

• German economy expected to contract by 0.4% in 2023 • Japan cuts Q2 GDP on weak spending, wages slide • China car sales return to growth in Aug, Tesla nearly doubles EV share • Dollar edges lower, but on course for eighth straight winning week

• Initial jobless claims unexpectedly decline to 216,000 • Euro zone retail sales dip as auto fuel purchases fall in July • Japan real wages fall for 16th straight month in July • Dollar steadies near six-month highs; U.S. economy shows resilience

• US ISM Services PMI rose unexpectedly in August • Euro Zone retail sales dip in July • UK August construction PMI steepest since 2009 • Oil price surge as extended oil production cuts through the year • Japanese official warns for intervention as yen gets closer to 148

• Euro zone August downturn deeper than was thought • Japan Aug service activity growth fastest in 3 months • South Korea's inflation quickens above forecast, keeping policymakers on watch • US dollar rises on global growth worries; Aussie down

• U.S. manufacturing sector stabilizing at weaker levels in August • Euro zone investor mood darkens in Sept –survey • China service sector activity hits 8-mth low in August- Caixin PMI • Dollar eases as risk appetite improves on China's measures

• US job growth picks up in August, unemployment rate climbs • Euro zone August factory activity showed signs of recovery • China's Aug factory activity picks up unexpectedly • Dollar gains after mixed jobs report

• US economic growth trimmed on inventories; retains underlying momentum • German inflation eases slightly in August • China manufacturing PMI inches closer to expansion in August • Dollar falls to two-week low as economic data softens