Global TradFi & Macroeconomics

According to Jin10 Futures and the Dalian Commodity Exchange (DCE) on September 4, the following inventory changes were recorded for petrochemical futures: polyethylene fell 10 contracts to 4,243; polyvinyl chloride declined 14 contracts to 119,516; polypropylene decreased 302 contracts to 28,025; e

According to Jin10 Futures, Shanghai Exchange fuel oil futures inventories declined by 21,470 tons on September 4, marking the largest drawdown among energy and chemical products tracked by the daily report. Fuel oil holdings fell to 23,770 tons. Low-sulfur fuel oil warehouse inventories also

Moody's published commentary on South Korea's 2027 budget proposal on September 4, characterizing the fiscal plan as credit-supportive despite record spending levels. The international credit rating agency highlighted the government's decision to allocate a portion of surplus tax revenue toward

According to Jin10, on September 4, the People's Bank of China held a Party Committee expanded meeting and announced it will implement a moderately loose monetary policy, advance the financial "Five Major Articles" initiative, and steadily mitigate risks in key sectors while deepening financial

China's Ministry of Finance sold one-year treasury bonds at a yield of 1.1922%, aligning with secondary market pricing where similar bonds recently fluctuated between 1.19% and 1.25%. The auction reflects Beijing's ongoing economic stimulus efforts and substantial liquidity maintenance by the

According to Moody's on September 4, South Korea's 2027 budget balances fiscal discipline with growth initiatives, with managed budget deficit targeted to narrow from 3.8% of GDP in 2026 to 0.1%. The consolidated fiscal surplus, including social security funds, is expected to swing from a 1.9% defic

The Japanese yen strengthened to a one-month high around 156.34 per dollar, driven by increased speculation of rate hikes by the Bank of Japan (BOJ). The yen's appreciation follows the BOJ's rate increase in June and its decision to maintain the rate in July, with the current rate standing at 1.0%,

BlackRock clients purchased approximately $453.96 million worth of Bitcoin in a single transaction during the week of August 17-25, 2026. During the same period, BlackRock clients bought a combined $1.33 billion in Bitcoin, marking the largest weekly total since October 2025. The iShares Bitcoin

China's Ministry of Finance just sold one-year treasury bonds at a yield of 1.1922%, in line with secondary market expectations that have recently priced similar bonds between 1.19% and 1.25%. The result marks a modest decline from the 1.22% coupon rate established in a similar January auction,

According to US Trade Representative Jamieson Greer, the US is pursuing an enforcement-focused strategy with China ahead of the Trump-Xi summit, aiming to hold Beijing to existing commitments rather than pursue new confrontation. Greer characterized the US-China economic relationship as "stable"

According to AAA data, U.S. retail diesel prices hit a record high of $5.85 per gallon on Thursday (September 4), surpassing the previous peak set in June 2022. The price surge is driven by supply disruptions caused by the Iran-Russia conflict and persistent global supply constraints, while peak

On September 4, Shanghai Gold Exchange gold T+D closed up 1.36% at 965 yuan per gram, while silver T+D rose 1.63% to 16,245 yuan per kilogram.

According to Guru Club, Indonesia's benchmark Jakarta Composite Index (JCI) fell 4.2% to 5,688.574 points on June 4, marking the lowest level since December 2020.

Ultragenyx Pharmaceutical (RARE) stocks crashed approximately 44% to $14.85 on Thursday, marking the worst trading day in the company's history and an all-time closing low, after its Angelman syndrome treatment Apazunersen failed a Phase 3 trial. The drug missed both primary and secondary

According to Goldman Sachs, the bank issued its Global Opportunities Asset Positioning report on September 2, maintaining a 12-month overweight on equities and underweight on credit while shifting to a neutral tactical stance on stocks. The report noted that global equity markets have remained

According to a KB Securities report released on September 4, Anthropic plans to conduct its initial public offering in September or October with a target valuation of $2 trillion. The company filed a confidential draft registration statement (S-1) in June, with public disclosure expected by Septembe

Germany's construction sector Purchasing Managers Index (PMI) reached 48.7 in August, rising 6.6 points from 42.1 in July. The reading remains below the 50-point expansionary threshold, indicating continued contraction in the construction

According to Yonhap Infomics, the USD/KRW exchange rate fell to 1,352.20 on September 4, marking its lowest level in approximately 14 months. The decline was driven by broad-based dollar weakness globally, coupled with expectations of further yen strength following Japan's financial authorities'

South Korea's KOSPI index rose 1.64% to close at 6687.21 on the 4th, recovering the 6600 level as foreign investors and institutions purchased 503.4 billion won and 1.67 trillion won respectively. The rally followed comments from US Federal Reserve Board Governor Christopher Waller signaling a

According to Jin10 data, German government bond yields are set to rise for the fourth consecutive week as of September 4, marking the longest winning streak since mid-July. The 10-year yield is expected to accumulate a gain of 7.5