Wolf Money(world market review 24-30 Aug 2026)
Market Summary 24-30 Aug 2026
*USA*
-US headline PCE price index rose 0.2% MoM in Jul and 3.7% YoY, Core PCE index rose 0.2% and 3.3%, matching expectations
± US GDP increase at annual rate of 1.5% in Q2: BEA on 2nd estimate
± Warsh: Inflation must move toward target at sufficient speed; Fed has ‘work to do’ if above-target inflation persists
+ US added average of 11,750 jobs per week in the 4th weeks end Aug 8: ADP
-US consumer sentiment index down 6.3% MoM to 51.7 in Aug, dropped 11.2% on annual level
-US consumer confidence dipped to 89.4 in Aug, vs 90.8 in Jul
-US trade deficit in goods rose by 17.2% from Jun to US$118.8bn in Jul
+ US durable goods orders up 1.1% MoM or US$3.6bn in Jul to US$339.3bn
+ US Treasury could tap into the US$1 trillion General AC to support govt bond buybacks: CNBC
± US auctioned US$69bn in 2-year notes at high yield of 4.2%; bid-to-cover ratio 2.6, indicating solid demand
+ US 10-year Treasury note eased to 4.65% from 20-mth high of 4.75%
+ US home prices up 1.5% YoY in Jun, 20-City Home Price Index rose 2.1%: S&P/Case-Shiller
-US new single-family homes sales down 10.5% MoM to annual rate of 607,000 in Jul to 6-mth low
-US issued fresh Iran-related sanctions, aimed at individual with alleged ties to Iran’s Bank Melli, also HK-based company with Iranian ties
-US weighs new round of tariffs on semiconductors: Politico
-Trump announced Canadian cars, trucks, automotive parts and steel will rise to 50% on 1 Jan 2027
+ Nvidia’s quarterly revenue more than doubled and forecast Q3 revenue above Wall Street estimates
+ Nvidia confirmed first shipments of H200 data-centre processors to China under new US licensing scheme, less than 1% of company’s US$89bn data-centre revenue in Q2
+ Trump said has reached oil deal with Venezuela that gives US majority control of 65bn barrels of proven petroleum reserves
+ Chevron said to complete deal in Venezuela to migrate, expand oil projects
+ Boeing won US$131.23bn F-15 contract
*AMERICA / COMMODITY
-Canda announced 15%, 25% and 50% tariffs on US$20bn of US products
-Canada could cut electricity to US: Ontario premier
-Venezuela is considering leaving OPEC as US discusses oil fields stake
-Copper futures climbed above US$6.7 per pound, reaching new all-time high
-Corn futures jumped above US$5 per bushel, hitting highest level since Jul 2023
*CHINA*
+ China’s fiscal spending up 1.3% YoY to ¥16.29 trillion in first 7th mth; Central govt expenditure up 6.2%, local govt up 0.5%
+ PBoC to conduct overnight reverse repo to meet short-term liquidity needs with daily cap of ¥600bn
+ China’s 5 largest banks reported profit growth between 3%-5% in H1; for 4 biggest banks, net profit was highest since 2022
+ China to shift towards sale of completed housing units from presales model to curb delivery risk as to stabilise property sector
+ Shanghai plans subsidies for offshore issuers selling bonds and measure to deepen debt investment: sources
-China could slip back into deflation: Fitch
+ China’s begins construction first fully automated production line for chemical polymers used in offshore oilfields
+ China’s semiconductor profits soar 18.5-fold in first 7 mths amid AI-driven computing demand, self-reliance push
+ China’s industrial profit growth 11.2% YoY in Jul vs 15.1% in Jun; up 17.6% in first 7th mths
+ China’s net gold imports via HK in Jul rose 11% MoM and 28% YoY
+ China’s NEV output up 30% YoY in Jul to 1.55m units, with penetration rate of 61%
+ CXMT posted sharp turnaround to profit in H1 after revenue surged 873% or US$22.4bn for 6th mths to Jun
+ CNOOC rakes in record first-half on high oil prices, net profit up 23.4% to ¥85.5bn
+ Alibaba completed HK$80bn equity placement said would use the proceeds to expand computing infrastructure, develop hyperscale AI data centres, upgrade cloud infrastructure
+ DeepSeek’s first 7-mth revenue surged tenfold to ¥475m: report
+ China’s SenseTime posts first profit of ¥612m since listing, on AI rally
+ Z.AI unveiled its lower-cost GLM-5.3 Flash model, offers improved performance at lower training costs
+ Baidu will become dual-primary listed on the HKSE and Nasdaq from Sept
+ BYD posted US$1.2bn profit in Q2 on surging global demand
+ Shein valued at up to US$27bn in HK IPO, down sharply from earlier private fundraising rounds at US$98.2bn in 2022, to start public trading on Sept 1
-HK’s export surged 50.7% YoY to US$672.5bn in Jul, hitting new record peak
*EUROPE*
+ Eurozone economic sentiment improved for 4th consecutive mth in Aug, reaching highest level since Jan, above expectations
-ECB saw a further hike as likely at Jul meeting to contain fallout from Iran war
+ Germany’s final data showed GDP expanded 0.3% in Q2, vs 0.2 consensus estimate
-German 10-year Bund yields remained above 3.2%, near its highest level since Mar 2011
+ Germany’s Ifo Business Climate Index rose to 88.8 in Aug at 1-year high
-France’s GDP growth revised to 0% in Q2
± French govt vowed not to hike taxes in 2027
+ Russia and China expanded trade links through Arctic, with first Chinese container ship arriving at northern Russian port
*ASIA*
± Japan aims to cap new govt bond issuance at around ¥40 trillion (US$251bn) for fiscal 2027 budget: PM
-Japan spent record US$96.5bn to support yen over past mth: data shows
+ India’s forex reserves hit record high of US$729.3bn as dollar inflows surged after recent measures by central bank to attract capital
-Bank of Korea raised benchmark interest rate by 25bps to 3%, second consecutive increase
+ Iran announced discovery of >7.5 trillion cubic feet of gas in southern Fars province
+ Malaysia leading economic index up 0.02% MoM in Jun, vs 0.5% fall in May
+ Sg factory output rose 6.8% YoY in Jul, up 2.3% on monthly basis, electronics up 11.2%
-Sg annual inflation rate rose to 2.2% in Jul from 1.9% in Jun, highest reading since Aug 2024
± Sg household net worth up 6.8% YoY in Q2; household assets grew 7%, liabilities up 8.3%, personal loans up 15%, accounted for 28.9% of household liabilities, mortgage loans up 5.8%, accounted for remaining 71.1%
+ Sg plans to develop outer islands, including Sentosa, Pulau Tekong, Long Island and new island south of Jurong Island: PM
+ Sg new-home sales rose 6.4% QoQ to 2141 units in Q2 vs 31.5% QoQ decline in Q1
-Air India seeks US$1.5bn fresh equity from owners SIA and Tata Sons as losses mount
*I will be away for the next 3 weeks plus, no reports for these period*
Contribution by Derek@valueinvestments chat group. Thank you.
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