Daily Market Insight

• Fed officials flag persistent inflation risks • ECB minutes show unanimous hold, further hike remains likely • Tokyo CPI firms as core inflation nears BoJ target • BoK and BSP raise rates again amid inflation risks • Thailand’s exports surge 21.6% in July • Dollar holds flat as markets await Warsh’s Jackson Hole address

• US data show sticky inflation and resilient demand • Oil trades choppily as conflicting geopolitical headlines drive markets • Nvidia sees 70% FY2028 growth as AI demand booms • BoT keeps rate at 1.00% amid uneven recovery • Dollar finds support from PCE and solid economic data

• US-Iran tensions ease on signs of Hormuz diplomatic progress • US data point to softer economic momentum • Canada imposes 15–50% tariffs on US imports • Germany’s Q2 growth revised higher to 0.3% • BOJ underlying inflation stays above 2% • Dollar slips amid softer US macro signals

• Bessent unveils ‘Operation Economic Outcast’ against Iran • US-Canada trade tensions escalate as Trump raises tariffs to 50% • Bessent signals further support for long-end Treasuries • Thailand plans tax on non-physical gold trading to tighten oversight • Dollar firms amid renewed trade and geopolitical risks

• Oil extends weekly gains ahead of new US sanctions on Iran • US–Canada trade talks collapse, triggering 50% tariffs • US PMI data signal growth acceleration in Q3 • Eurozone PMI gains momentum in August • Dollar remains soft despite higher US yields

• US-Iran tensions remain elevated as deal prospects fade • US economic data remain resilient • Daly cautious, Musalem maintains hawkish stance • Japan inflation picks up, bolstering BoJ hike case • PBOC leaves loan prime rates unchanged in August • Dollar edges higher but lags rebound in US yields

• Treasury expands long-end buybacks to ease yield pressure • Fed keeps higher rates on the table if inflation persists • Oil edges higher as markets await new strait of Hormuz passage plan • UK inflation climbs to four-month high as energy bills rise • Dollar weakens as Treasury buybacks push long-end yields lower

• Oil edges higher as middle east tensions remain elevated • Mixed US data signal moderating economic momentum • US-Canada trade talks remain unresolved ahead of tariff deadline • UK labour market loses more momentum in second quarter • Thai bank lending expands, but SME loans remain weak • Dollar holds firm amid elevated US yields

• Oil rises as US-Iran tensions remain elevated • Former official calls for faster BOJ tightening • China’s growth momentum weakens in July • China’s property downturn persists • Thailand’s GDP slows in Q2, but 2026 outlook improves • Dollar range-bound amid thin trade and rising oil prices

• US retail sales slump, signaling softer Q3 consumption • Oil gains as US–Iran tensions remain elevated • Eurozone Q2 GDP growth confirmed at 0.4% in second estimate • Japan’s Q2 growth slows more than expected • US flags Thailand’s deep links to Chinese supply chains • Dollar retreats as markets continue to favour a Fed hold