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Meta Platforms (META.O) CEO: Meta and Reliance Group will launch open source artificial intelligence models to Indian companies.

Barclays: Lowered the target price for Li Auto (LI.O) from $31 to $24.

German Chancellor Merz: Unemployment data shows that reforms are necessary to achieve more growth and employment capacity.

On August 29th, Magdalene Teo, a fixed income analyst at Julius Baer, stated that the Reserve Bank of Australia (RBA) may postpone its path of interest rate cuts following the unexpectedly high July CPI reading. The bank believes that the surge in inflation, driven by the expiration of electricity bill relief policies in New South Wales and the Australian Capital Territory in August and the peak of summer holiday consumption, is likely to be temporary. Inflation is expected to fall back to the lower end of the RBA's 2%-3% target range this month. Nevertheless, the volatility of the index supports the RBA's stance of slowing the pace of rate cuts to avoid resurgences in inflation. Teo noted that the market expects a September rate cut to be highly unlikely, with a maximum of two more rate cuts expected before the end of the year.

Russia said it was absurd to put all the blame for the collapse of the nuclear deal on Iran.

Italy's initial monthly harmonized CPI rate for August was -0.2%, in line with expectations of -0.1% and the previous value of -1.00%.

Italy's initial CPI monthly rate in August was 0.1%, in line with expectations of 0.2% and the previous value of 0.40%.

Italy's initial harmonized CPI annual rate for August was 1.7%, in line with expectations of 1.8% and the previous value of 1.70%.

Italy's initial annual CPI rate for August was 1.6%, in line with expectations of 1.7% and the previous value of 1.70%.

On August 29th, Mark Dowding, chief investment officer of BlueBay, the asset management arm of Royal Bank of Canada, stated in a research note that the Federal Reserve is likely to prioritize economic growth over inflation in the coming years, a scenario that could provide short-term support for risky assets. Dowding stated, "We would not be surprised if the Fed were to prioritize economic growth over inflation control in the coming years." However, he also noted that if the easing policy over the next 12 months necessitates more aggressive rate hikes by the Fed later in the year to control price risks, asset valuations could face greater uncertainty.

According to GME data: Oman's official selling price of crude oil in October was set at US$69.33 per barrel, down US$1.87 from US$71.2 per barrel in September.

The onshore RMB closed at 7.1330 against the US dollar at 16:30 on August 29, up 55 points from the previous trading day.

The Hang Seng Index in Hong Kong closed at 25,077.62 points on Friday, August 29, up 78.8 points, or 0.32%. The Hang Seng Tech Index in Hong Kong closed at 5,674.31 points on Friday, August 29, up 30.29 points, or 0.54%. The CSI 300 Index closed at 8,947.79 points on Friday, August 29, up 30.86 points, or 0.35%. The H-share Index closed at 4,273.06 points on Friday, August 29, down 15.29 points, or 0.36%.

On August 29th, TD Securities said in its outlook for the US PCE inflation report: "We expect core PCE to accelerate to 0.30% month-over-month in July. Affected by weak food and energy inflation, the overall PCE may fall back to 0.22% month-over-month, and is expected to be 2.9% and 2.6% year-over-year, respectively. The pass-through effect of tariffs on commodity prices in July was relatively mild, but the service industry saw an acceleration in growth. Given the strong performance of core retail sales, we expect personal spending to increase by 0.5%."

Spain's current account was 5.03 billion euros in June, compared with 6.4 billion euros in the previous month.

The ECB's three-year CPI forecast for the euro zone in July is 2.5%, the expected value is 2.4%, and the previous value is 2.40%.

The ECB's 1-year CPI forecast for the euro zone in July is 2.6%, the expected value is 2.5%, and the previous value is 2.60%.

Italy's final GDP annual rate in the second quarter was 0.4%, in line with expectations and the previous value of 0.40%.

Italy's final GDP quarterly rate for the second quarter was -0.1%, in line with expectations of -0.1% and the previous reading of -0.10%.