European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
Asian Stocks Mixed as Korean Chipmakers Rally 
UK House Prices Fall for First Time Since 2023 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Gold Prices Rise as Yen Rally Weakens Dollar 
South Korea GDP Surges on Chip and AI Boom 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher 
China Inflation Accelerates in August as CPI, PPI Rise 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
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The euro rebounded from a 2.5-week low against the U.S. dollar on Monday, gaining 0.4% to $1.0415 as European leaders moved towards a Ukraine peace plan. Sterling also advanced 0.2% to $1.2602 after UK Prime Minister Keir Starmer confirmed Europe's initiative to present a peace proposal to Washington.
Meanwhile, Bitcoin surged nearly 11% to $92,905, briefly touching $94,852.56. The rally followed U.S. President Donald Trump’s social media post naming Bitcoin, Ethereum, XRP, Solana, and Cardano as part of a new strategic cryptocurrency reserve. Bitcoin had dipped to $78,273.03 on Friday, its lowest since mid-November, before rebounding.
The Canadian dollar and Mexican peso each rose 0.2%, trading at C$1.4439 and 20.4891 pesos per U.S. dollar. The gains came after U.S. Commerce Secretary Howard Lutnick hinted that planned 25% tariffs on Canada and Mexico might be reduced. Trump is still expected to impose additional 10% levies on China.
The Australian and New Zealand dollars bounced from one-month lows, rising 0.2% and 0.1%, respectively, to $0.6220 and $0.5606. The yen slipped 0.1% to 150.52 per dollar, while China's yuan edged up 0.1% to 7.2873 per dollar in offshore trading.
The U.S. dollar index eased 0.1% to 107.21. However, analysts at Commonwealth Bank of Australia predict the dollar’s rally will resume as the U.S.-China trade war escalates, with "peak tariff" levels yet to be reached.
