WTI Climbs To Highest Since 2022

🛢️ 🛢️ West Texas Intermediate oil hit $95 a barrel for the first time since August 2022 after stockpiles at the largest US storage hub dropped to critical levels

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China Evergrande Suspended

🇨🇳 🇨🇳 BREAKING: Shares of Evergrande have been suspended amid reports its chairman is under surveillance

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Systematic Selling Not Over Yet

🚨 🚨 Morgan Stanley: Another $35-$40BN In Forced Systematic Selling Left This Week

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Goldman: 90% Probability Of A Shutdown

🇺🇸 🇺🇸 Goldman Sachs says the probability of a US government shutdown is now 90%

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Wait, What?

🇨🇳 🇨🇳 That Was A Quick Change: Nomura raises China GDP forecast (yes, raise). BoA sees green shoot in China profit data

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Watch North Korea

🇰🇵 🇰🇵 North Korean dictator Kim says increasing production of nuclear weapons is an urgent task

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BofA Sees More Rate Hikes

🇺🇸 🇺🇸 BofA infers that Federal Reserve Chairman Jerome Powell might not be entirely convinced that the current rates are restrictive enough. This suggests that US interest rates might need to climb further until they start having a noticeable dampening effect

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China PMIs Released This Weekend

🇨🇳 🇨🇳 Event Alert: China’s PMIs for September will be released during the long holiday over the weekend

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Citi Warns Of House Prices And Inflation

🏠 🏠 Citi analysts: “House prices are rising too rapidly to be consistent with two percent inflation. A 0.87%MoM SA increase in Case-Shiller house prices in July is the fifth consecutive month of increase and prices are now up year-on-year”

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Dollar Is King

💵 💵 The dollar index is up 2.6% this month, headed for its best month since May when it gained 2.62%. If it closes the month up by more than 2.62%, it will be the best month since February when the index rose 2.72%

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