- Rate cuts are necessary as the economy is weak.
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Big Oil cuts jobs & spending as oil prices hover near $60; ConocoPhillips slashes 25% workforce. Analysts see prices falling to $50.
CA electric customers face $9B surcharge hike. Utilities' shares rise as shareholders chip in $9B to wildfire fund.
South Korea exports and imports have both jumped in the first 10 days of the month Meanwhile South Korea and the US are in discussions over the detaining of South Korea workers in the US
PBOC is expected to set the USD/CNY reference rate at 7.1157 – Reuters estimate PBOC CNY reference rate setting for the trading session ahead.
Japan August 2025 PPI. +2.7% y/y, up from July
US futures tick up on AI buzz & inflation data. S&P/Nasdaq hit records. Fed rate cut odds high (92% for 25bps).
BOJ's Ueda gets 47% positive marks; market eyes 37T yen ETF holdings. Earnings outlook mixed amid FX/rate risks.
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