Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Low to medium risks economic dockets scheduled for today.
Data released so far:
- China - M2 money supply rose 13.3% in July from a year ago, higher than prior 11.8%. New loans for July came at 1.4 trillion Yuan.
- Australia - National banks' business confidence dropped to 4 in July from 8 in June. Business conditions deteriorated to 6 in July from 10 in June.
- Japan - Preliminary reading shows machine tools orders rose by 1.6% in July from 6.6% in June.
- Germany - Wholesale price index rose by 0.1% in July from June, still down -0.5% from a year ago. According to Zew survey, current situation improved to 65.7 in August but economic sentiment deteriorated to 25.
- Italy - Consumer price index dropped by -2% in July from June.
- Euro zone - ZEW economic sentiment improved to 47.6 for August, up from 42.7 in June.
Upcoming:
- US - NFIB business optimism index is scheduled for release at 10:00 GMT, followed by Unit labor cost and Non-farm productivity at 12:30 GMT.
- UK - CB leading economic index to be released at 13:30 GMT.
- Japan - Domestic corporate goods price index to be released at 23:50 GMT, along with monetary policy minutes from Bank of Japan.
