Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Lots of data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- China: NBS manufacturing PMI rose to 51.7 in August. Non-manufacturing PMI declines to 53.4
- Australia: HIA new home sales declined 3.7 percent in July. Private sector credit is up 0.5 percent in July, up 5.3 percent y/y.
- New Zealand: ANZ business confidence declined to 18.3 in August. Activity outlook declined to 38.2 percent.
- Japan: Vehicle production is up 1.4 percent y/y.
Upcoming:
- Japan: Housing starts numbers and construction orders report will be published at 5:00 GMT.
- Germany: Retail sales report for July will be published at 6:00 GMT, followed by unemployment report at 8:00 GMT.
- France: Producer and consumer price inflation reports will be published at 6:45 GMT.
- Italy: Unemployment report will be published at 8:00 GMT, followed by HICP inflation report at 9:00 GMT.
- Greece: Retail sales report will be released at 9:00 GMT.
- Eurozone: Unemployment and HICP inflation reports will be published at 9:00 GMT.
- United States: Challenger jobs report will be published at 11:30 GMT, followed PCE inflation report along with consumer income and spending reports and weekly jobless claims report at 12:30 GMT. Chicago PMI report will be published at 13:45 GMT, followed by pending home sales report at 14:00 GMT. EIA will release weekly natural gas inventory report at 14:30 GMT.
- Canada: Second quarter GDP numbers will be updated at 12:30 GMT.
- New Zealand: Terms of trade report will be published at 22:45 GMT.
- Australia: Performance of manufacturing index will be updated at 23:30 GMT.
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