Brazil & China corn deal / UK inflation / EV Vinfast / Month-end flows + U.S PCE and NFP up next

Brazil Develops Tropical Wheat and Predicts Self-sufficiency in 5 Years

Brazil and China are strengthening their trade ties with a massive corn deal in 2023. Brazil is set to export 5 million tonnes of corn to China

Jackson Hole recap: Fed rate hikes likely on hold for ‘several meetings’ - ''high for longer'', though Powell clearly emphasized on the tightness of the labour market keeping the economy going, so employment data key, anything below 200K NFP and the market will shift and bonds rally, at least on the headline, medium term issue of supply still there..

Germany's governing coalition has agreed on a new basic child benefit allowance at an initial cost of around 2.4 billion euros ($2.6 billion) from 2025. IW institute cuts GDP forecast, now expects contraction of up to 0.5% for 2023

China & the US agreed to have their commerce ministers meet at least once a year in an effort to improve ties. Gina Raimondo said after meeting with Wang Wentao in Beijing that trade and transparency can stabilize relations, and told her counterpart that the Biden administration had no intention of hindering Chinese economic progress

UK : Prices rose 6.9% in the year to August, down from 8.4% in July - BRC >>> The figures do not mean things are getting cheaper, but that prices are increasing at a slower rate than they did previously

Shares of Vietnamese EV maker Vinfast surged 21% on Monday, extending a rally from last week that more than quadrupled its market value to $160 billion

Recep Tayyip Erdogan & Vladimir Putin will hold talks in Sochi on Sep 4th

US housing payment for new homes is now as high as 51% of the median household income, which is the highest since the mid 1980's

Michele Bullock says climate change will force RBA to reassess how it controls inflation in the future

Pretty quiet going into month-end..Equity markets globally helped by moves in China (short of long-term impact ?), CROSSJPY's closing August on the highs, USDJPY trades above the levels where BoJ intervened last year. USDCNH 7.30 still no exactly much lower after those interventions this month

Bonds 'stable' ahead of PCE and NFP - employment data now pretty key IMHO, sincel Powell mentioned it so many times during his speech in Jackson Hole