Daily Market Insight

• 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

• U.S. jobless claims unexpectedly dip for first time in three weeks • Japan inflation accelerates as price pressures broaden • U.K. retail sales see surprise rise in July, while consumer confidence plunges • Stock futures fell as fear of aggressive Fed’s rate hike

• China Cuts LPR Rates for Second Time this Year • Eurozone Current Account Surplus Narrows in June • German Producer Inflation Hits Fresh Record Peak • Asia shares in the red, yuan slides on strong dollar

• US Existing home sales at 2 years low • Euro Area Construction Growth Slows to 6-Month Low • Japan Inflation Rate Highest in Near 8 Years • Recession fears grip commodity markets

• Euro zone GDP 2nd quarter revised down slightly on growth • U.S. retail sales flat in July • UK inflation hits new 40-year high • U.S. Treasury rise as markets await Fed meeting minutes

• New Zealand Delivers Another 50Bps Rate Hike • US Industrial Output Growth Beats Estimates • Euro Area Posts Another Trade Gap in June • Asian stocks solid as expectation for further Fed’s rate hike

• China's industrial production below expectations in July • China's retail sales on first 7-month dropped • OPEC sees lower 2022 oil demand growth • Dollar jumps on safety flow; yuan slips on rate cut

• Germany Wholesale Prices Decelerated • UK GDP Annual Growth Rate Lowest in a Year • Japan GDP Growth Annualized Below Forecasts • China Cuts 2 Key Rates for 1st Time in 7 Months • European Stocks to Open Mixed As Weak China Data Weighs

• U.S. Consumer Price Index eased slightly to 8.5% in July on lower petrol prices • Russia’s natural gas pipeline exports to Europe decline to almost 40-year lows • Japan producer prices rose the least in 7 months • Stock indices jumped sharply after the latest U.S. inflation data shown

• US Labor Costs Rise More than Expected • UK Retail Sales Rise on Hot Weather Spending • China Inflation Rate at 2-Year High of 2.7% • Asian shares track Wall Street losses ahead of U.S. inflation data