Daily Market Insight

• U.S. manufacturing declined but stay above the line • Euro Area manufacturing activity showing the biggest shrink since June 2020 • China property woes trigger decline in global cement output • Sterling helped by tax cut U-turn, yen steadies past 145 per dollar

• US core PCE inflation beats expectations again in August • Euro zone inflation hits record high 10%, raising pressure on ECB • Japanese factory sentiment unexpectedly worsens in Q3 • Oil rallies over 2% on reports of OPEC+ supply cut this week

• US weekly jobless claims hit five-month low • Euro zone economic sentiment falls sharply as inflation expectations rise • German inflation hits double digits for first time in Euro era • Sterling rallies for 3rd day after BoE bond buys; US dollar down

• OECD urges global growth to be slow more than anticipated • EU suspects sabotage in massive Russian gas pipeline leak • BoE purchases £65 billion long-dated bonds to stem rout • Thailand hikes interest rate for 2nd consecutive meeting • Oil prices stable as soaring dollar offset by U.S. output outages

• Fed's Evans sees interest rates peaking at 4.50-4.75% • Japan Business Activity Grows Slightly in Sept, Outlook Dim – PMI • World Bank forecasts Thai GDP growth at 3.1% this year • UK 30-year yields hit highest since 2002, extending post-tax cuts surge

• U.S. labor market resilient as recession signals grow stronger • Euro Area composite PMI shrinks for 3rd month • Thailand's exports rose slightly in August • Dollar hits the 114 mark for the first time since May 2020, Sterling plunges to all-time low

• US business activity gauge improves, but still shows contraction • UK cuts taxes as flagging economy falls into recession • Japan's factory activity expands at slowest pace in 20 months • Oil prices hover near 8-month low as recession fears dent outlook

• Fed raises interest rates by 0.75% as expected, pledges more hikes to fight inflation • ADB cuts China growth outlook as global risks rise • Japan consumer prices stay elevated in August • Putin announces a partial military mobilization for Ukraine • Dollar soars as Putin ramps up tensions, Fed flags more rate hikes

• US building permits slump 10% in August, but housing starts bounce • ECB’s Lagarde raises prospect of rate hikes beyond neutral level • Sweden lifts interest rates by full percentage point with more to come • Oil prices fall further on demand fears; fed rate hike looms

• IMF sees further global economic slowdown in third quarter • U.S. weekly jobless claims fall for fifth-straight week • China retail sales exceed market expectation in August • Stock wavered throughout the session, await this week’s Fed meeting