JOLTS much lower / Spanish & German inflation higher again / ADP, PCE and NFP up next

Spanish core CPI rises to 6.1% YoY (est was 6.0%), Germany's Brandenburg Aug CPI 7.1% YoY vs 6.3%

JOLTs Job Openings decreased from 9.582 million in June to 8.827 million in July and the Conf Board Consumer Confidence declined from 117 in July to 106.1 in August (>>2y UST yields dropped about 10-15bps to current 4.92%) >> The JOLTS report missed analyst estimates by a wide margin, highlighting the negative impact of rising interest rates -biggest 3-month drop in US job openings on record, Powell talked about employment 15x last Friday.. next up ADP, PCE and NFP

US wants to work with China to address concerns such as climate change, AI, fentanyl crisis, said US Commerce Secretary Gina Raimondo when meeting Chinese Premier Li Qiang

Japan's inflation is "clearly in sight" of the central bank's target, its board member Naoki Tamura said on Wed, signalling the chance of an end to negative interest rates early 2024

Biden touts drugs chosen for Medicare price negotiation: ‘We’re not gonna back down’

Chinese banks to cut existing mortgage rates as property crisis deepens

Russia targets Kyiv with the biggest overnight missile attack since the spring

Netflix: Streamer's expansion into gaming is 'natural extension'

First bitcoin ETF could be coming soon as court rules in favor of Grayscale over SEC

Germany : In den Sozialkassen schlummert ein finanzielles Desaster/Welt

FDIC plans to boost oversight on US midsized lenders : The FDIC plans to boost oversight of US midsized lenders and require them to better prepare for potential failures. Banks with as little as $100 billion in assets will have to issue enough long-term debt to cover capital losses in times of severe stress. However, only the largest and most-complex firms will be subject to total loss-absorbing capacity requirements, or TLAC

Bad news (JOLTS and consumer confidence) was good news for markets y'day, NQ in particular, oversold levels in markets gone in short-term ! just like this

USD dipped initially and should continue softer, IF next sets of data show similar signs of slowdown... CROSSJPY's closing in on higher levels again into month-end, metals rallied further, Silver charts all out again with that potential big break up

Bonds moved a bit but honestly the deciders coming up now with ADP, PCE and NFP >>> UST supply will remain huge over next couple of months!