Global TradFi & Macroeconomics

On Tuesday, Aug 25 at New York close (04:59 Wednesday Beijing time), offshore Chinese yuan (CNH) appreciated to 6.7173 against the US dollar, up 45 points from Monday's close. The pair traded within a range of 6.7263-6.7161 during the session, approaching February 2023 highs

According to South Korea's Financial Services Commission (FSC), corporate fundraising through equity offerings and initial public offerings (IPOs) dropped sharply year-to-date in 2026. Equity offering volumes fell to less than half of 2025 levels, while IPO fundraising declined by roughly 50%,

According to the Bank of Korea, South Korea's composite business confidence index for August stood at 99.6, up from 98.5 in July.

Richmond Federal Reserve President Barkin, a voting member of the 2027 FOMC, recently warned that U.S. Treasuries will ultimately face liquidation if debt becomes too bloated. Barkin cautioned that investors will stop purchasing Treasuries should debt continue to expand beyond sustainable

U.S. gasoline inventories fell 3.2 million barrels for the week ended August 21, according to the American Petroleum Institute (API), undershooting the expected decline of 1 million barrels. The prior week's inventory level stood at 107.6 million barrels.

According to API data, U.S. refinery crude oil inventories declined 500,000 barrels for the week ending August 21, falling short of the expected 1.674 million barrel decrease and comparing with a 2.797 million barrel decline the prior week.

According to Korean Economic TV, U.S. stock indices rose on August 25 amid a rebound in semiconductor stocks and declining Treasury yields. The Dow Jones Industrial Average gained 160.19 points, or 0.30%, closing at 53,577.35. Tech-focused buying activity intensified ahead of Nvidia's earnings

According to API data, U.S. crude oil inventories at Cushing increased by 1 million barrels for the week ending August 21, reversing the previous week's decline of 1.438 million barrels.

According to the American Petroleum Institute (API), U.S. crude oil inventories rose 4.2 million barrels last week, compared to a decline of 328,000 barrels in the previous week.

On Tuesday (Aug 25) at the New York close, spot gold rose 0.21% to $4,662.05 per ounce, forming a U-shaped recovery pattern; earlier in the Asia-Pacific session, prices climbed to $4,696.83 before pulling back. Spot silver fell 0.17% to $68.82 per ounce. COMEX copper futures advanced 1.53% to $6.809

According to Asia Economy, U.S. stock indexes closed higher on August 25 as Treasury yields fell for a second consecutive day. The Dow Jones Industrial Average rose 160.24 points (0.30%) to 53,577.40, the S&P 500 gained 24.42 points (0.32%) to 7,677.28, and the Nasdaq-100 climbed 171.10 points (0.66

According to Bloomberg, the put-call open interest ratio for Brent crude oil options has fallen to approximately 0.7, a 10-year low, from an average of 1.27 since 2021. The shift reflects a significant change in the options market's microstructure, with the recent decline contrasting sharply

Coinbase launched tokenized US stocks on its Base blockchain, starting with Apple, Nvidia, Meta, and Alphabet shares available to eligible investors outside the United States. The tokens are backed 1:1 by underlying shares held through Alpaca, a regulated broker and custodian, under Coinbase's B20

Four US regional Federal Reserve banks requested a 25-basis-point increase in the discount rate during July meetings, according to minutes released by the Federal Reserve on local time May 25. The Cleveland, Minneapolis, Kansas City, and Dallas Fed banks submitted preferences to raise the rate

According to the Federal Reserve's July discount rate meeting minutes released on August 25, four regional Federal Reserve banks—Cleveland, Minneapolis, Kansas City, and Dallas—requested a 25 basis point increase in the discount rate from 3.75% to 4.00%. The Federal Reserve Board rejected the reques