Global TradFi & Macroeconomics

According to Singapore Enterprise Development Board (ESG), as of the week ending September 2, Singapore light distillate stocks fell 837,000 barrels to 10.678 million barrels, marking a near five-year low.

According to Singapore Economic Development Board, middle distillate oil inventories in Singapore declined by 516,000 barrels to 7.911 million barrels, marking the lowest level in four weeks, in the week ending

According to Moody's, on Sept 3, the ratings agency raised South Korea's 2026 GDP growth forecast to 3.5%, up from the Bank of Korea's prior estimate of 3.3%. The upgrade reflects strong global demand for memory chips and semiconductors, which is expected to drive exports and increase the current

According to Arthur Hayes on X, Japan's Government Pension Investment Fund (GPIF) is considering a review of its domestic and foreign asset allocations, with the move driving euro against yen (EURJPY) down 200 pips on

Eurozone services sector activity slowed in August as the PMI fell to 51.6, missing the forecast of 51.7 and declining from 51.7 in July.

Eurozone composite PMI declined to a final reading of 52 in August from an initial estimate of 52.1, according to purchasing managers index data.

According to Kobeissi Letter, Nvidia's market capitalization now accounts for approximately 8% of the S&P 500 index, equivalent to 16.3% of U.S. GDP as of the latest data. The AI chipmaker's valuation has surpassed the combined market cap of five major S&P 500 sectors: energy, utilities, real

According to the Financial Commission, Samsung Securities won approval from its subcommittee on September 3 for short-term finance business licensing, marking the company's achievement of a long-sought goal nine years after first applying in 2017. The license approval is set for final ratification a

According to Reuters, Lynas Rare Earths, the world's largest non-Chinese rare earth producer, confirmed that the company held acquisition negotiations earlier this year but failed to proceed due to high uncertainty in the deal. The buyer's identity and transaction terms were not disclosed. According

Germany's services sector PMI for August came in at 49.7, exceeding both the expected 48.5 and the previous month's reading of 48.5.

According to Jin10, France's services sector PMI fell to 48.0 in August from 49.6 in July, below the initial estimate of 48.4, amid weak demand and extreme heat. The index has contracted for 12 consecutive months. Employment declined for a fourth consecutive month, while input cost inflation

France's August composite PMI came in at 48.5, below the forecast of 48.8 and the prior month's reading of 48.8, signaling contraction in economic activity.

Italy's composite PMI rose to 53.6 in August from 52.5 in July, indicating continued economic expansion in the eurozone's third-largest economy.

According to sources, Kazakhstan's oil and natural gas condensate production rose 11% month-over-month in August.

Italy's services sector PMI reached 55.2 in August, surpassing expectations of 54 and up from 52.5 in July, according to latest data. The reading indicates continued expansion in the services economy.

According to Guru Club, the Bank of Japan tends to raise its benchmark interest rate by 25 basis points this month to combat inflation risks, with future rate adjustments to remain flexible based on economic and price developments. Rising service prices and persistent yen weakness bolster the case f

Individual investors in South Korea are diversifying their assets across multiple brokerage firms based on specific investment purposes—domestic stocks, overseas stocks, funds, and pensions—moving away from the traditional single primary brokerage model, according to the financial investment

According to the financial investment industry, individual investors in South Korea are distributing their assets across multiple securities firms based on investment objectives, with each brokerage capturing leading market share in different segments as of H1 2026. Kiwoom Securities held the

The Korean stock market's 2024 initial public offering class is experiencing severe underperformance, with 88% of newly listed companies trading below their offering prices. According to Korea Exchange data, 23 of 26 companies that went public on KOSPI and KOSDAQ markets are trading below their