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EU reportedly move to propose removing tariffs on US goods to meet Trump’s demands

Switzerland August UBS investor sentiment -53.8 vs 2.4 prior

Germany September GfK consumer sentiment -23.6 vs -22.0 expected

What are the main events for today?

US administration’s doubling of tariffs against India takes effect

investingLive Asia-Pacific FX news wrap: Yen softened while other major FX traded quietly

China official says will announce more policies in September to broaden service consmption

Australian data – Q2 2025 Construction Work Done +3.0% q/q (vs. expected +0.8%)

Australian monthly CPI (July 2025) 2.8% y/y (vs. 2.3% expected)

China data – July Industrial profit -1.5% y/y (prior -4.3%)

Goldman Sachs sees Brent falling to low $50s by 2026 as oil surplus swells

Australian leading index remains subdued: ‘Slow motion’ recovery continues to underwhelm