OPEC+ Expected to Hold October Oil Output Steady 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
Japan Foreign Reserves Plunge $79.6 Billion After Record Yen Intervention 
Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy 
Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher 
Japan, US Target AI and Chips in $550 Billion Investment Push 
Asian Stocks Rally as Fed Rate Hike Fears Ease 
Singapore Straits Times Index Hits Record High as Banks, Property Stocks Rally 
UK House Prices Fall for First Time Since 2023 
JPMorgan Sees ECB Raising Rates to 2.75% in December 
Yen Rebounds as BOJ Rate Hike Bets Rise 
Oil Prices Rise as Hormuz Tensions Threaten Supply 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
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Comments from NAB:
- Up to a 40% chance the Reserve Bank of Australia cash rate goes below 2%
- The capex subindex points to moderate expansion in non mining
- "Confidence also fell across all industries except manufacturing and wholesale, suggesting common factors such as political and broader economic uncertainty may be at play ... perhaps the rate cut acted as a stark reminder of the significant headwinds facing the economy"
- "We still see another rate cut in coming months ... most likely May but the April meeting is live and data-dependent"
