9/8 Global Economic Issues

1. US Market: Cautious Sentiment and Macro Indicator Watch Post-Labor Day Holiday The New York financial markets, reopening after the Labor Day holiday, showed a heavy cautious sentiment with no clear direction ahead of key economic indicator releases (August CPI and Producer Price Index) scheduled for later in the week. Selective trading, primarily in large-cap tech stocks, occurred as investors awaited the inflation data that would gauge the Fed's monetary policy path. 2. International Oil Prices: WTI Fluctuating Around $93/barrel Amid Inflation Pressure Watch Amid ongoing geopolitical risks in the Middle East and supply concerns, WTI crude oil prices fluctuated around the $93 per barrel mark. Global bond and commodity markets heightened their vigilance regarding the ripple effects of prolonged high oil prices on the upcoming Consumer Price Index (CPI) announcement next week. 3. US 10-Year Treasury Yields Sideways in the Mid-to-High 4.7% Range With the Federal Reserve's outlook for sustained restrictive interest rates and the impact of strong employment figures already priced into the bond market, US 10-year Treasury yields traded sideways in a box range in the mid-to-high 4.7% area. The dollar index also continued to consolidate around the 99 level.