Chile’s central bank sets benchmark interest rate at 4.75% (previously 4.75%)Says decision was unanimousExternal Panorama still affected by uncertainty related to trade tensions and their effect on global economySays risk of further persistent inflation requires more information before continuing process of convergence of rate to its neutral rangeSays trajectory for core inflation expected higher over the next 12 months than projected in June This article was written by Eamonn Sheridan at investinglive.com.

U.S. Supreme Court to fast-track its review of the legality of President Donald Trump’s tariffswill hear arguments in NovemberTrump's appeal is against a federal court ruling his tariffs exceeded his authority. Tariffs will remain in place pending the Supreme Court’s decision. This article was written by Eamonn Sheridan at investinglive.com.

Via oilprice.com:---Expectations I had seen centred on:Headline crude -1 mn barrelsDistillates +0.04 mn bblsGasoline -0.2 mnThis data point is from a privately-conducted survey by the American Petroleum Institute (API).It's a survey of oil storage facilities and companiesThe official report is due Wednesday morning US time.The two reports are quite different.The official government data comes from the US Energy Information Administration (EIA)Its based on data from the Department of Energy and other government agenciesWhereas information on total crude oil storage levels and variations from the previous week's levels are both provided by the API report, the EIA report also provides statistics on inputs and outputs from refineries, as well as other significant indicators of the status of the oil market, and storage levels for various grades of crude oil, such as light, medium, and heavy.the EIA report is held to be more accurate and comprehensive than the survey from the API This article was written by Eamonn Sheridan at investinglive.com.

Financial Times:Trump tells the European Union to slam China & India with 100% tariffs, to pressure PutinTrumps says the US is prepared to 'mirror' any tariff the EU imposes on China and India This article was written by Eamonn Sheridan at investinglive.com.

US Treasury Secretary Bessent:Confident that the Supreme Court will uphold Trump's tariffsHas a plan to write something on the dollarWill write about we can keep USD dominance ---As background to this the SUpreme Court says its fast tracking Trump's appeal in the case that invalidated most of his tariffs. This article was written by Eamonn Sheridan at investinglive.com.

BLS preliminary annual jobs revision down by - 911K versus -682K estimateWhite House: Assured Qatar that a strike on their soil will not happen againUS August NFIB small business optimism index 100.8 vs 101.0 expectedU.S. Treasury sells $58 billion of the 3 year notes at a high yield of 3.485%Blackrock Reider: I think the Fed should cut by 50 basis points next weekQatar: Condemns the attack by Israel on Hamas delegationThe BOJ has some officials tilting to a hike sending the USD/JPY lowerMarkets:Gold down $5 to $3630US 10-year yields up 3.6 bps to 4.08%WTI crude oil up 50-cents to $62.76S&P 500 up 18 points to 6513JPY leads, CHF lagsThe Bureau of Labor Statistics, showed that previous jobs reports through March were overstated by 911,000 jobs. It was the largest revision on record and cut the level of US employment by 0.6%.The drop wasn't entirely unexpected as the economist consensus was 682K. Initially the US dollar dropped but evidently the market was braced for something even worse as the dollar quickly rebounded from the 20-pip blip on the headlines and continued steadily higher. Powell had warned at Jackson Hole that payrolls would be "revised down materially." The Fed rate path didn't reprice on news and the odds of a 50 bps cut next week actually slipped on the day.Otherwise the market didn't have much to chew on. The US dollar steadily rose as Treasury yields ticked higher. Equities were bid into the close yet-again and the Nasdaq notched another record high.In FX, the euro was under some pressure and that was tied back to French political drama but the euro did slightly outperform the Swiss franc.Tomorrow we get US PPI and that will build towards Wednesday's CPI report. This article was written by Adam Button at investinglive.com.

China's Consumer Price Index (CPI) for August 2025 is due today. Its expected to show persistent deflation at -0.2% y/y from 0% y/y in July. Chinese domestic demand is running at weak levels despite ongoing incremental economic support and l stimulus efforts. Also coming is the Producer Price Index (CPI), also persisting in deflation. In July Chinese policy shifted to “Anti-involution”, trying to address intense, unproductive competition that leads to inefficiency rather than progress. The term refers to destructive, excessive competition with little progress, gained prominence after President Xi Jinping vowed to regulate chaotic price wars, especially in sectors like solar, EVs, and steel. Its an uphill battle though, overcapacity spans competitive private-sector industries.The data is due at 0130 GMT, 2130 US Eastern time. This article was written by Eamonn Sheridan at investinglive.com.

The oil market is about to get interesting.Crude prices are higher today but haven't been able to recover from last week's drop -- which started on rumors of an OPEC+ production increase. The rumors turned out to be true as 137K bpd will hit the market next month.Worse yet, that pace of adding barrels is likely to continue until the full voluntary cuts are upwound (or possibly more than that beyond). This is a good graphic showing spare capacity.Looking at the chart of crude, it's in a precarious place. The bottom end of the recent range didn't hold and we saw intraday selling yesterday and today. Support at $60 will probably need to be tested and if that breaks we could be back to the Liberation Day extremes, similar to what we saw in 2-year yields this week.So far the resilience of oil has been impressive but there is talk of Chinese stockpiling. That won't last forever and we could be headed for an ugly breakdown.It could also be a big opportunity. $55 oil is simply not sustainable. Exploration spending is already bombed out at around $10 billion per year globally (or about 12 hours of AI capex spending) and it will worsen with lower prices. In addition, US shale basis are running out of Tier 1 inventory and dropping new drilling.That sets up a period in late 2026 or in 2027 when the market is undersupplied and OPEC has virtually no spare capacity. That's when it really gets interesting. This article was written by Adam Button at investinglive.com.

Israel struck at Hamas' negotiating team in Qatar today and the White House doesn't sound happy about it:This was a unilateral bombing of a sovereign nationThis did not advance Israel's goalsUS was notified by Pentagon that Israel was attacking Hamas in Qatar this morningWitkoff was told to inform Qataris of impending attackUS feels badly about the location of the attackNetanyahu told Trump he wants to make peace deal fastMeanwhile Al Jazeera reports -- citing a senior Hamas source -- that the leadership delegation survived the assassination attempt. The again, they often seem to say that but then it's not true. However if the strike missed then it might put to test that promise not to strike again. This article was written by Adam Button at investinglive.com.

The Canadian economy is in a precarious position.The Toronto housing market is slumping badly and that's going to be some serious downward pressure in the pipeline as the sales of pre-build homes and condos dry up. In addition, there is deep uncertainty about US-Canada trade. For now, the vast majority trade is still flowing at 0% tariffs with steel, aluminum and forestry as big exemptions. Where it gets scary is next summer when the renegotiation of the USMCA agreement begin. Trump may insist on 15% baseline tariffs on Canada and Mexico and that could kick off a fresh round of panic and pain. For now, the uncertainty is biting. Retail sales have held strong but a series of jobs reports have been weak and business investment is drying up.There is upside here as well though. The court rulings invalidating tariffs -- if upheld -- are a big potential positive for both Canada and global growth. I'd expect CAD to be one of the biggest winners if those are struck down, though surely Trump would try to find other ways to add tariffs so that could complicate the situation. There is also the potential for some kind of negotiated deal, though some of the comments from the Carney administration make me think it won't be anything near as clean as what Canada has now.In terms of the chart, it's been a quiet range from 1.37-1.39 since August. The step up came after a poor Canadian employment report and it's stayed there, though it could be starting to trace out a minor head-and-shoulders pattern. Zooming out, the downtrend still looks intact but a rise above 1.3940 (and 1.4000) would open the way for a return to the mid-1.40s. I'd imagine that kind of break would come alongside some soft Canadian economic data and a dovish BOC.The next central bank meeting is Sept 17 -- the same as the FOMC -- and right now there is a 90% chance of a cut priced in but only 53 bps priced in for the year ahead. I tend to think the BOC is going to have to cut further and that inflation will stay in check .That could mean an additional 50-100 bps needs to be priced in, which should put downside pressure on the loonie (and upside in USD/CAD).So the big picture view is to wait on a break of the 1.37-1.39 range and see what the BOC has to say. This article was written by Adam Button at investinglive.com.

The Apple or dropping event is underway. You can watch it by clicking on the link above.The shares of Apple are trading down $0.78 or -0.34% at $237. New Airpod 3 This article was written by Greg Michalowski at investinglive.com.

The U.S. Treasury sold $58 billion of 3 year notes:High yieldWI level at the time of the auction 3.492%tail -0.7 basis points versus 6 month average up +0.7 basis pointsbid to cover 2.73X versus 6 month average of 2.55XDealers 8.373% versus 6 month average of 15.9% Directs 17.4% versus 6 month average of 21.9% Indirect 74.24% versus 6 month average of 62.1% Auction grade:AThe only negative nuance from the auction is that domestic demand was lower than the six-month average. However, international demand was much stronger than the six-month average and if the goal is to sell the issue, they sold it with overall strong demand. The tail was negative at -0.7 basis points (versus 6 month average of +0.7 basis points). The bid to cover was higher than the six-month average at 2.73 versus 2.55 average. This article was written by Greg Michalowski at investinglive.com.

The major European indices closed mostly higher. The German DAX was the one exception: German DAX, -0.37%France's CAC +0.19%UK's FTSE 100 +0.23%Spain's Ibex +0.14%Italy's FTSE MIB +0.68%.US stocks are trading above and below unchanged today. The 3 major indices are currently back in positive territory. The NASDAQ index closed at a record level yesterday. The S&P is trading near the record close level from September 4 at 6502.08Dow industrial average +115 points or 0.25% at 45630S&P index up 5.94 points or 0.09% at 6501.14. NASDAQ index up 18.70 points or 0.08% at 21817The small-cap Russell 2000 is still solidly in negative territory. The index is down -19.61 points or -0.82% at 2375.28. This article was written by Greg Michalowski at investinglive.com.

The U.S. Treasury will auction off $38 billion of the 3 year notes at the top of the hour. The results of the auction components will be compared to the 6 month averages to determine the relative success of the auction:Tail 0.7 basis pointsBid to cover: 2.55XDirects (an indication of domestic demand): 21.9%Indirects (an indication of international demand): 62.1%Dealers: 15.9% This article was written by Greg Michalowski at investinglive.com.

We are now talking about the Fed that could cut rates 3 times by 25 basis point before the end of the year I think the Fed should cut by 50 basis points next week I think Fed independence is criticalI think there are creative things that the Fed could doI think the biggest impact is how to put people back to workThere is a massive amount of cashThe bond market this tell you we need to get to at least neutralI would stay long equities.I think hard assets need to be part of investment portfolio – gold/bitcoin. But 5% of bitcoin is a bit high. This article was written by Greg Michalowski at investinglive.com.

The EURUSD has slipped to new session lows, breaking back below the prior ceiling from August between 1.1730 and 1.17419. The inability to hold above that zone has given sellers renewed confidence, but there is still “work to do” to solidify control.That work begins with pushing the pair back under the 100-hour moving average at 1.17009, which is now edging higher. A further break below the 200-hour moving average at 1.1688 would strengthen the bearish bias.Last Friday, the pair surged above both those averages on the back of a weaker-than-expected U.S. jobs report. At that time, the averages were closer to 1.1661, making them easier to surpass. With the levels now higher, sellers face a more difficult challenge to regain full downside momentum.It would not take a move back above 1.17419 to give the buyers full control once again.Buyers had their shot on Friday and yesterday above the August highs, and extended even higher today, but could not sustain the momentum toward other targets. That is now giving the sellers some added confidence and worrying the buyers at the same time. The buyers and sellers are fighting it out. This article was written by Greg Michalowski at investinglive.com.

Israel Channel 12 is indicating that Israeli sees:The liquidation of 6 senior Hamas officials.Awaiting final confirmation This article was written by Greg Michalowski at investinglive.com.

The White House is out with a statement from White House press secretary Levitt saying: today, The BLS released the largest downward revision on record proving that Pres. Trump was right: Biden's economy was a disaster and the BLS is broken. This is exactly why we need new leadership to restore trust and confidence in the BLS's data on behalf of the financial markets, businesses, policymakers, and families that rely on this data to make major decisions. Much like the BLS has failed the American people, so has Jerome "Too Late" Powell – who has officially run out of excuses and must cut the rates now.The final revision will be made in February 2026.UPDATE: Treasury Secretary Bessent is now out saying that:2024 job gains were exaggerated by nearly 1 million workers US Pres. Trump inherited a far worse economy than reported, He is right to say the Fed is choking off growth with high ratesVP Vance is commenting on X: It's difficult to overstate how useless BLS data has become.A change was necessary to restore confidence This article was written by Greg Michalowski at investinglive.com.

Saudi Arabia is not pleased with the Israeli attack on Doha. Crown PrinceThe crown prince affirmed the kingdom would support Qatar saying:They would deploy all capabilities to support QatarWarns of dire consequences over Israel's continued actions, citing alleged criminal violations. Meanwhile, there are conflicting reports as to what the US knew and did not know. A US journalist Stein is reporting that the US was NOT given notified in advance of the Israeli strike in Doha. That conflicts with the early reports that Pres. Trump was notified and gave the green light.UPDATE: The US is now saying that the Israeli notification came when the missiles had been launched, and therefore the Trump administration didn't have a possibility to weigh in. Being involved would potentially disappoint Trump allies like Saudi Arabia.Israel's Netanyahu is saying that he ordered the security forces to prepare a strike on Hamas leaders after the Jerusalem and Gaza attacks, and believed the attacks were entirely justified. He ordered the attacks today after identifying a "operational opportunity."Earlier today, Israel ordered a mass evacuation of Gaza City, signaling it is moving forward with a full-scale invasion of the largest urban center in northern Gaza. This article was written by Greg Michalowski at investinglive.com.

Major US indices has tilted to the downside with the NASDAQ index leading the way. That index is currently down -0.25% at 21,742. The NASDAQ index closed at a record level yesterday. The weaker than expected BLS annual benchmark revisions seem to have markets concerned about future growth given lower employment by nearly 1 million jobs.The S&P index is also lower by -0.15% at 6485.47. The Dow industrial average is trading above and below unchanged while the Russell 2000 is down -23.27 points or -0.97%.Some notable movers to the downside includeLennar: -3.33%. Lennar’s decline reflects investor anxiety over EPS misses, margin pressure, and broader residential market headwinds due to high mortgage ratesDell Tech: -2.77%. Dell’s drop was triggered by the unexpected CFO resignation and lingering concerns around profitability and cost pressures.Worthington Industries: -2.74%Dollar Tree: -2.49%. Dollar Tree is under pressure despite strong Q2 results; tariffs and cautious Q3 outlooks are weighing on sentiment.United Airlines Holdings: -2.20%.Shopify Inc: -1.93%ARK Genomic Revolution: -1.76%RTX Corp: -1.69%Robinhood Markets: -1.69%Delta Air Lines: -1.59%CrowdStrike Holdings: -1.51%Home Depot: -1.42%Southwest Airlines: -1.42%Tapestry: -1.39%Broadcom: -1.38%. Shares moved sharply higher yesterday.Ford Motor: -1.32%Northrop Grumman: -1.32%Rivian Automotive: -1.25%SoFi Technologies: -1.21%Lockheed Martin: -1.10%Caterpillar: -1.19%Uber Tech: -1.18%Snowflake: -1.18% Some winners today include Nebius Group’s 36% which is currently trading up 37.23%. The gain is being fueled by news of a landmark AI infrastructure deal with Microsoft valued at $17.4–$19.4 billion. The agreement secures long-term GPU capacity leasing from Nebius’s new data centers and marks a major validation of its business model. The move comes on top of strong Q2 results, where revenue grew more than 600% year-over-year and guidance was raised significantly. Investors are treating the Microsoft partnership as a turning point that could unlock similar large-scale contracts, positioning Nebius as a serious AI cloud infrastructure challenger. Looking at other gainers:Alibaba ADR: +4.36%. Alibaba ADR +4.36%: Rose on optimism around its cloud and AI businesses, with investors encouraged by progress on AI chip development and strategic initiatives. Broader support also came from Chinese stimulus measures boosting sentiment toward tech names.Wells Fargo & Co: +2.38%. Wells Fargo & Co +2.38%: Gained after the Federal Reserve lifted the long-standing $1.95 trillion asset cap, ending years of restrictions and opening the door for the bank to expand lending and investment activitiesRoblox: +2.16%Exxon Mobil: +2.06%Schlumberger: +1.91%Goldman Sachs: +2.06%Chevron: +1.77%Tencent ADR: +1.65%Super Micro Computer: +1.65%Morgan Stanley: +1.61%Papa John’s: +1.55%Citigroup: +1.63%Bank of America: +1.54%Taiwan Semiconductor: +1.47%DoorDash: +1.29%Occidental: +1.29%Deutsche Bank: +1.29%JPMorgan: +1.22%AMD: +1.22%Celsius: +1.16%Meta Platforms: +1.05%Palantir: +1.05%Biogen: +0.99%Zoom Video: +0.92%Oracle shares are currently down -1.01% at $236.07. The company will release its earnings after the close with expectations of EPS of $1.48 on revenues of 15.04 billion. A year ago, EPS came in at $1.39 on revenues of $13.31 billion. This article was written by Greg Michalowski at investinglive.com.