Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
Singapore Inflation Stays Muted in May as Core CPI Misses Forecasts Ahead of MAS Review 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Asian Stocks Slide as AI Rally Pauses, South Korean Chipmakers Lead Regional Decline 
Oil Prices Fall as Iran Peace Talks Progress, Hormuz Reopens, and U.S. SPR Hits 1983 Low 
Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears 
Consumer activity in the United States is expected to remain buoyant in the third quarter of this year, with a further forecast of 0.1 percent m/m increase in August personal spending following July’s 0.3 percent rise.
However, the annual increase in the consumer expenditure deflator, the Fed’s preferred measure of inflation, is expected to be only slightly higher at 1.5 percent. The US dollar headed for its best week this year, in part driven by expectations that US tax reforms could provide some support to economic growth.
Over the weekend, a couple of political events bear watching. The Conservative Party Conference begins on Sunday, while in Spain, the Catalonian region will hold an independence referendum, also on Sunday.
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