The US will announce inflation numbers for August. The headline inflation rate is expected to dip from 2.9% to 2.7%, whilst the core inflation rate could be unchanged at 3.2%. Whatever the number, the Fed is still appears set to cut interest rates this month.
China is also on the hook for August inflation numbers. The annual inflation rate could be unchanged at 0.5%. The Middle Kingdom will also report its trade balance for August, which is expected to narrow from US$84.7 billion in July to US$79 billion.
Malaysia will report July retail sales. They are expected to drop for the third successive month. Meanwhile, its unemployment rate could be unchanged at a 2024 low of 3.3%.
On the corporate front
Apple (Nasdaq: AAPL) is set to unveil its iPhone16 at an event called “It’s Glowtime”. The event, which has been described as the biggest iPhone upgrade cycle in its history, will see Apple reveal its version of A.I., namely Apple Intelligence....