Daily Market Insight

• Initial jobless claims drop, beating forecasts and previous figures • Philadelphia Fed manufacturing index sees unexpected surge • Japan inflation cools sharply on subsidies ahead of BOJ decision • BOE holds rates at 4%, keeps cautious stance on future cuts • Dollar extends rally after upbeat economic releases

• Fed lowers interest rates, signals more cuts ahead • Powell signals cautious hawkishness • UK inflation stable at highest level since early 2024 in August • Indonesia’s central bank cuts interest rates for third straight month • Dollar rebounds amid post-Fed volatility

• US retail sales top estimates, underscoring consumer resilience • US industrial production rebounds, beats forecasts • Japan exports fall again, driven by steep US decline • UK jobs market past worst leaves BOE on track to hold rates • Dollar softens ahead of the FOMC

• NY Empire State manufacturing index plummets • China’s broad economic slowdown fuels stimulus bets • China’s home prices extend decline, amplifying calls for more policy support • Thailand weighs tax on gold trades to slow baht rally • Dollar retreats as lower US yields weigh ahead of FOMC

• Michigan consumer sentiment dips below forecast • Fitch cuts France’s credit rating amid rising debt and political turmoil • UK economy makes weak start to second half of the year • China investigates US chipmakers ahead of trade talks • Dollar holds firm ahead of Fed policy decision

• August US CPI came in largely as expected • US initial jobless claims rise, exceeding forecasts • ECB holds rates steady, in line with expectations • Dollar weakened on soft US labor data

• US PPI unexpectedly drop, first decline since April • Judge says Lisa Cook can stay on Fed—for now • Mexico to impose 50% tariffs on Chinese goods • China inflation turns negative on softer demand • Dollar steadies ahead of key CPI data

• BLS benchmark cuts payrolls by 911,000, underscoring labor market weakness • Trump links tariffs on China, India to forcing Putin to negotiate • Israel strikes Hamas leaders in Doha • Thailand court orders Thaksin to serve jail term • Dollar rebounds after two-day post-NFP slide

• French PM Bayrou to resign after losing confidence vote • Japan GDP growth revised up as spending resilience continues • China’s exports weaken amid steep US drop • Indonesia removes finance minister Sri Mulyani • The dollar slides, long-dated yields fall on weak NFP report

• Weak US payroll gain of 22,000 cements case for Fed rate cut • Japan’s PM Ishiba resigns, fueling political uncertainty • OPEC+ accelerates return of halted oil supply • Thailand names new PM amid ongoing political uncertainty • Dollar drops as weak jobs data cements case for Fed rate cuts