Daily Market Insight

• US housing starts hit three-year low; surge in permits point to underlying strength • Euro zone Aug inflation revised slightly down • Bank of England likely to hike rates for 15th time, signals suggest peak nearing • Dollar drifts higher as traders look to upcoming Fed decision

• US Treasury Yields Rise on Robust Economic Data, Ahead of Federal Reserve’s Policy Decision • German home building permits plunge as industry calls for stimulus • Singapore's Aug exports fall 20% y/y, more than forecast • Dollar eases as traders eye upcoming central bank decisions

• US manufacturing production barely rises in August • U.S. consumer sentiment slips again but inflation outlook improves • UK consumers anticipate inflation rise, Bank of England reports • Dollar down after data but set for ninth straight weekly climb

• US retail sales beat expectations as Americans pay more for gasoline • US producer prices accelerate in August on gasoline • Chinese industrial production grows more than expected in August • Dollar strengthens following strong U.S. data and ECB rate hike

• 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