Daily Market Insight

S consumer sentiment dips in August; inflation expectations improve • Japan's Q2 GDP beats forecasts as exports zoom • China's Jan-July property investment down 8.5% y/y • Dollar hits highest in more than a month on China economy concerns

• U.S. inflation rose by slower-than-expected 3.2% in July • Japan wholesale inflation slows again, bolstering case for stimulus • Singapore Q2 GDP revised lower as 2023 outlook dims • US dollar recovers from inflation-related losses; yen slumps

• U.S. mortgage rates spike to highest since November, approach 22-year high • Chinese CPI inflation contracts in July, PPI falls more than expected • South Korea unemployment rate climbs to six-month high • US dollar inches lower ahead of inflation report

• Declining imports compress US trade deficit in June • Japan's real wages down for 15th month in test for BOJ policy, economy • Chinese exports, imports shrink more than expected in July • US dollar rises broadly as risk tolerance drops after Moody's downgrade, Chinese data

• Eurozone investor mood stops nosedive in August • Indonesia Q2 GDP growth strongest in three quarters • Thai inflation slower than expected in July, small rises seen • US dollar gains as Fed comments on more rate hikes lend support

• US job growth slowing, but wage gains remain strong • Japan's economy to pick up in Q2 despite slowing global demand • China's July economic losses from disasters exceed January-June • Dollar slides after slowing U.S. jobs growth in July

• US labor market resilient; productivity rebounds in second quarter • US services sector slows in July while prices pick up • China's July services activity expands at quicker pace • Dollar hits 4-week peak, then eases, sterling lower after BOE hike

• Small businesses boost US private payrolls in July • UK public inflation expectations fall in July • South Korea July consumer inflation slowest in 25 months • Dollar shrugs off Fitch's U.S. downgrade, advances on strong jobs data

• US job openings hit more than two-year low; labor market still tight • Chinese manufacturing activity shrinks in July • S. Korea July exports fall the most in over 3 years as China sputters • Dollar shaky after US credit rating downgrade

• U.S. GDP accelerates to 2.4% in the second quarter; jobless claims decline • US annual inflation posts smallest rise in more than two years • Tokyo CPI inflation grows sticky in July as BOJ meeting approaches • BOJ tweak stirs yen volatility; dollar stays down after US data