Canada Retaliatory Tariffs on U.S. Goods Take Effect 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
China Inflation Accelerates in August as CPI, PPI Rise 
Gold Prices Rise as Yen Rally Weakens Dollar 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
Asian Stocks Mixed as Korean Chipmakers Rally 
Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
South Korea GDP Surges on Chip and AI Boom 
China to Inject $45 Billion Into State Financial Institutions 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
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The Japanese yen firmed on Thursday, reaching a two-month high of 150.62 per U.S. dollar, as investors sought safe-haven assets amid concerns over U.S. President Donald Trump’s tariff agenda. The dollar held steady, while the euro and sterling eased, with the British pound slipping to $1.2594.
Trump announced upcoming tariffs on timber, cars, semiconductors, and pharmaceuticals, echoing previous remarks about imposing a 25% tariff on autos and similar duties on other sectors. Investors remain cautious about the potential economic impact, though markets have grown accustomed to his transactional approach. Meanwhile, Trump also pledged tax cuts for individuals and businesses, adding to market uncertainty.
Federal Reserve minutes revealed officials’ concerns about inflation risks tied to Trump’s trade and immigration policies, reinforcing a patient stance on rate cuts. The dollar index hovered near a one-week high at 107.15.
In the Asia-Pacific region, the Australian dollar edged up 0.07% to $0.6350 after a mixed jobs report, while the New Zealand dollar remained flat at $0.5705. Reserve Bank of New Zealand Governor Adrian Orr stated that another 50-basis-point rate cut would require a significant economic shock.
China left its benchmark lending rates unchanged, prioritizing financial and currency stability. The offshore yuan gained 0.1% to 7.2788 per dollar.
Geopolitical tensions also influenced market sentiment after Trump referred to Ukrainian President Volodymyr Zelenskiy as a “dictator” amid ongoing Russia-Ukraine negotiations. Investors remain watchful as uncertainty looms over global trade, central bank policies, and geopolitical developments.
