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United States
Temporary employment, a leading labor market indicator, continued to rebound in August, also signaling an encouraging outlook for job growth, according to BCA Research.
Euro Area
German industrial production unexpectedly contracted, weighed down by a drop in autos due to EV retooling shutdowns.
Low Rhine water levels and auto factory holidays could delay any recovery.
Japan
The yen rose to a nearly seven-month high against the dollar as traders priced in imminent Bank of Japan rate hikes and remained alert to intervention risk.
Speculators increased net shorts in yen futures last week.
China
China’s trade surplus widened.
Equities
Tech-sector profit margins are at structural and cyclical highs, driving much of the upside in listed-company profitability.
Commodities
Copper mine supply may post its first annual drop since 2017.
Global Developments
The US consensus GDP growth forecast for 2026 has held up. For other advanced economies, consensus forecasts are rebounding.
