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United States
The advance goods trade deficit widened sharply to its largest gap in over a year, …
… as AI-driven capital-goods imports surged.
Canada
The current account balance swung sharply into a surplus in Q2, driven by record oil and bitumen exports, bolstering the country’s trade cushion amid escalating tariff tensions.
Euro Area
Euro area credit creation accelerated for both households and nonfinancial corporates.
Europe
Switzerland’s KOF leading indicator advanced to its highest level since November 2021.
Japan
Tokyo inflation measures accelerated across the board.
Equities
Jackson Hole has historically generated outsized equity volatility, with the S&P 500 averaging a 1.03% absolute move following the Fed chair’s speech versus 0.63% on other August sessions, while negative reactions have tended to be particularly sharp.
Credit
Here’s a long-term look at annual defaults by investment- and speculative-grade issuers.
