Daily Market Insight

• US ISM non-manufacturing PMI unexpectedly accelerates in August • Stocks edges lower with soaring treasury yields • China stocks jump with support by government stimulus • Oil falls as demand worries outweigh OPEC+ quota cut • Dollar hits its fresh 20-year peak

• Euro zone business activity contracted to an 18-month low in August • Germany announces 65 billion Euro in inflation relief package amid soaring energy prices • “Liz Truss” wins race to become new U.K. prime minister • OPEC+ surprises energy markets with a small production cut • Euro fall below 0.99 against Dollar, the weakest since 2002

• US labour market condition remains strong • China Composite PMI lowest in 3 months • Thailand inflation rate hits 14-year high • Russian gas halt steps up pressure on euro, sterling and Gold flats

• Euro zone inflation hits another record of 9.1% in August • Oil falls on greater supply, lower China demand concerns • South Korea GDP expands 0.7% on the second quarter • 2-year US treasury tops 3.5% for first time since 2007

• US Job Openings Unexpectedly Rise • Euro Area Sentiment at Over 1-Year Low • China Manufacturing Shrinks Again • Asia continues global stock slump as Fed tightening fears flare

• ECB’s member showing as hawkish as Fed at Jackson Hole • U.S. consumer sentiment improves further in August • Australia’s retail sales jumped strongest in four months • Sell-off sentiment continues, surging U.S. Treasury yields reflect mounting rate fears

• Fed to Continue to Tighten to Bring Inflation Down • US Personal Spending Rises Less than Expected • US PCE Prices Fall in July • Dollar hits 20-year high on Powell lift and Oil climbs on OPEC supply cut

• US Economy in Q2 shrinks less than expected • ECB to Continue to Raise Rates • Thailand trade gap largest in 3-1/2 Years • Dollar Steadies as Powell Speech Awaited

• Eurozone manufacturing PMI hits 26-month low in August • EU’s consumer confidence rose from the bottom • Global oil price on the rise, U.S. crude oil inventories dropped by more than expected • Britain's imports of goods from Russia fell to their 25-year lowest level in June • 10-year US Treasury remaining above 3% looked ahead to the Fed’s speech

• US New Home Sales Lowest since 2016 • US Factory Growth Lowest in 2 Years: S&P Global PMI • UK Manufacturing Activity unexpectedly Contracts and Factory Output falls • Hawkish Fed comments knock stocks, help dollar