PMI data shows broad-based expansion across sectors; all sub-indices were higher than in July. US inventory growth and input/output price pressures surged on a m/m basis.
Former Prime Minister Aso Taro will publicly call for a new Liberal Democratic Party (LDP) presidential election on Wednesday. This development adds new impetus to the attempt to force current Prime Minister Shigeru Ishiba’s hand, Bloomberg reported on Wednesday.
Gold (XAU/USD) retreats on Tuesday after briefly surging to a fresh all-time high of $3,508 per ounce during the Asian session as a rebound in the US Dollar (USD) and Treasury yields triggered mild profit-taking.