Daily Market Insight

• US service sector rebounds in July • Goolsbee: Fed won't overreact like markets • Investor confidence in the euro zone drops in August • China's services activity expands further • Dollar down as US rate cut bets rise, yen surges

• Sluggish job growth drives unemployment to 4.3% • Fed's Barkin describes the slowing job growth as 'reasonable' while resisting major rate cuts • Japan's service sector activity rebounded in July • South Korea's inflation rises in July following three months of decline • Dollar hits four-month low as weak US jobs data boosts rate cut bets

• US weekly jobless claims rise to 11-month high • US manufacturing gauge drops to eight-month low • Bank of England cautious after narrow rate cut vote • China’s manufacturing shrinks in July, Caixin PMI reports • Dollar gains from the risk-off mood; pound slips after rate cut

• Fed holds rates steady while noting progress on inflation • BOJ raises rates, signals gradual end to bond buying • Eurozone inflation rises, posing challenge for ECB • China's sluggish factory PMI reveals problems in its export powerhouse • Dollar declines as Fed hints at potential rate cut in September

• US Job Openings remain stable, contradicting recent trends • US Consumer Confidence rises on better economic outlook • Eurozone economy shows growth, but the future looks uncertain • Germany’s inflation rises unexpectedly, challenging the ECB • The Dollar steady ahead of Fed meeting; traders cautious

• PCE inflation slips to 2.5% in June • China's industrial profits surged in June despite economic challenges • Thailand’s exports decline in June due to a slump in agricultural trade • Dollar trades sideways as markets await central bank and economic news

• U.S. GDP grew 2.8% in Q2, surpassing expectations • US weekly jobless claims fall more than expected • German Ifo index falls sharply in July • Tokyo CPI inflation was subdued in July ahead of the BOJ meeting • The dollar was mixed, with focus shifting to the monthly Core PCE Index

• US business activity rises; pricing power weakens • Euro zone business growth stalls in July • South Korea's unexpected GDP shrinkage raises prospects for a rate cut • Short yen positions are closed ahead of BOJ and Fed meetings.

• U.S. June home sales fall; median price reaches record • Japan's PMI: Manufacturing drops in July; services rise • Singapore's June core inflation was 2.9%, the lowest in over two years • Dollar steady, yen gains before BOJ meeting

• Biden exits race, backs Harris • Nvidia developing AI chip for China • PBOC cuts rates to boost the economy • US dollar edges up as Biden ends campaign