Tech Stocks Lift S&P 500 as Fed Rate-Cut Expectations Rise 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Brazil Central Bank Plans $2 Billion Dollar Auctions to Support FX Liquidity 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
U.S. Soybean Shipments to China Gain Momentum as Trade Tensions Ease 
Singapore Maintains Steady Monetary Outlook as Positive Output Gap Persists into 2025 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
BOK Expected to Hold Rates at 2.50% as Housing and Currency Pressures Persist 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
The People’s Bank of China (PBoC) is expected to raise the money market rates again, if needed, while keeping the benchmark interest rate unchanged.
The central bank will maintain medium- and long- term funding costs appropriate to shore up the economy through unconventional monetary policy tools such as the MLF and PSL. Further, the PBoC is likely to tighten controls on cross-border outflows, while further opening up domestic capital markets to attract capital inflows, Scotiabank reported.
China will prioritize economic, financial and social stability ahead of a twice-a-decade leadership reshuffle at the 19th CPC National Congress due to be held in November. China’s top leadership has committed to seeking progress while maintaining stability.
Offshore yuan funding costs are expected to soar again as long as the depreciation pressure on the yuan intensifies in the future, which will help alleviate market concerns and stabilize the yuan exchange rate.
Meanwhile, China’s equities and bonds will finally be included in global benchmark indices.
