Asian equities were mixed, though Japan’s Nikkei hit another record high. Traders now turn to the ECB decision and US CPI release later today.
- Preview - BofA forecasts sticky CPI at 2.9% y/y, tariffs keep inflation pressures alive
- BOJ faces sticky inflation as wholesale index rises 2.7% in August
- Japan firms oppose tighter foreign worker curbs as labour woes fuel record bankruptcies
- Trump makes Oval Office statement on Charlie Kirk’s death
- Belarus embraces crypto amid sanctions, Lukashenko calls digital assets “strategic”
- PBOC sets USD/ CNY reference rate for today at 7.1034
- US August CPI preview - here's what 18 investment bank analysts expect
- South Korea exports and imports have both jumped in the first 10 days of the month
- Japan August PPI +2.7% y/y (expected +2.7%)
- RBNZ Governor Hawkesby: Central projection for OCR to fall to around 2.50% by end of year
- UK house prices showed the most widespread falls in more than a year-and-a-half
- Reserve Bank of New Zealand Governor Christian Hawkesby speaking soon - not much expected
- ECB preview: To hold rates steady, Lagarde cautious as trade and political risks linger
- FBI says the suspected killer of Charlie Kirk has been taken into custody
- S&P 500 seen at 7,000 by year-end as earnings accelerate, says Deutsche Bank.
- Barclays expects Fed to start rate cuts this month, three moves seen in 2025
- Trump’s temporary Federal Reserve pick Miran could be confirmed as soon as Monday
- Goldman Sachs CEO Solomon says expects a 25bp Fed rate cut, followed by another one or two
- investingLive Americas FX news wrap 10 Sep: US PPI comes in weaker than expectations.
- US President Trump says Charlie Kirk is dead
- Reports now that Charlie Kirk has died - as yet unconfirmed
- Reports now that the person in custody after Kirk shooting was not the shooter
Asian equities traded mixed, though Japan’s Nikkei 225 stood out with another strong advance to a fresh record high. US Treasuries eased slightly, while major FX pairs stayed tightly rangebound ahead of two key events later today: the European Central Bank policy meeting—where rates are expected to be left on hold—and the release of US August CPI data.
On the central bank front in the region, Reserve Bank of New Zealand Governor Christian Hawkesby reiterated that the bank’s central projection is for the Official Cash Rate to fall by another 50 basis points by year-end.
Japan’s wholesale inflation quickened in August, with producer prices rising 2.7% y/y in line with forecasts and accelerating from July’s 2.5%. The increase was driven largely by higher food costs, keeping pressure on the Bank of Japan as it weighs further policy tightening.
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Asia-Pac stocks:
- Japan (Nikkei 225) +1.14%
- Hong Kong (Hang Seng) -0.34%
- Shanghai Composite +0.92%
- Australia (S&P/ASX 200) -0.34%
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In the United States, grim news as conservative activist Charlie Kirk was confirmed dead. His assassin remains at large, with two men briefly detained and later released. President Trump issued an emotional statement, calling the killing “Violence and murder tragic consequence of demonizing those with whom you disagree,” and urging “all Americans to commit themselves to the American values for which Charlie Kirk lived & died. The values of free speech, citizenship, the rule of law & the patriotic devotion & love of God.”
Kirk was just 31 years old and leaves behind a wife and two young children, a son and daughter.
