Daily Market Insight

• US economy near stalling point as consumer demand weakens • Slide in euro zone service sector sharpens ECB's rates dilemma • Japan's price trend gauges hit record, signal broadening inflation • Dollar retreats as data shows US economy near stalling point

• US existing home sales slide again, but prices up from a year earlier • UK factory output drops at fastest rate in almost 3 years • Japan's factory activity shrinks at slower pace in Aug • Dollar firmer as traders look to Jackson Hole gathering

• S&P downgrades multiple US banks citing 'tough' operating conditions • German producer prices post first fall since late 2020 • Thai Q2 GDP growth slows sharply amid weak global demand, govt cuts outlook • US dollar slips as traders cautious before Fed's Jackson Hole symposium

• Euro zone inflation fall confirmed, easing pressure on ECB to hike • Malaysia posts weakest GDP growth in nearly 2 years as exports slump • Thai economy likely grew 3.1% in Q2 on higher tourist arrivals • Dollar gains intact as traders eye Jackson Hole

• US weekly jobless claims fall; tight labor market underpinning economy • US leading indicator falls further in July • Japan's core inflation eases, bolstering view BOJ will stand pat • Dollar near two-month high, investors eye intervention-zone yen

• US housing starts surge in boost to economy • UK inflation pressure stays strong despite fall in headline rate • Japan exports fall for first time since 2021, stoking concerns about outlook • Dollar ticks higher versus yen, China fears drag on yuan

• Strong US retail sales underscore economy's resilience • UK basic wage growth hits record, adding to Bank of England's worries • China's July new home prices fall for the first time this year • Dollar flat after retail sales data, yuan falls to 9-month low

S consumer sentiment dips in August; inflation expectations improve • Japan's Q2 GDP beats forecasts as exports zoom • China's Jan-July property investment down 8.5% y/y • Dollar hits highest in more than a month on China economy concerns

• U.S. inflation rose by slower-than-expected 3.2% in July • Japan wholesale inflation slows again, bolstering case for stimulus • Singapore Q2 GDP revised lower as 2023 outlook dims • US dollar recovers from inflation-related losses; yen slumps

• U.S. mortgage rates spike to highest since November, approach 22-year high • Chinese CPI inflation contracts in July, PPI falls more than expected • South Korea unemployment rate climbs to six-month high • US dollar inches lower ahead of inflation report