90% of economists expect RBNZ hike on September 2, poll showsYen weakness back in focus as Katayama, Ueda head to G20 meetingJackson Hole preview: Fed Chair Warsh likely to skip September and December rate signalsChina’s planner accelerates infrastructure and private investment pushPreview: Inflation and growth strength point to further RBNZ tightening, BNZ saysUS to press G20 on growth, imbalances and Iran sanctions at Asheville talksGoldman: Gulf oil flows recovering but still well below pre-war levelsPBOC sets USD/ CNY reference rate for today at 6.7811 (vs. estimate at 6.7208)Here’s the full agenda for the Jackson Hole Fed symposiumTokyo inflation data strengthens case for September BOJ hikeUK business confidence rises to five-month high, Lloyds survey showsJapan August 2026 Tokyo headline CPI 1.9% (expected 1.9%, prior 2%)Vexit? Venezuela weighs OPEC exit as US ties deepen, Bloomberg reportsNZ consumer confidence holds near flat as households brace for RBNZ decisionWSJ report: Nvidia pauses AI cloud revenue-share deals amid antitrust and control concernsIran says it is preparing list of conditions for reopening Strait of HormuzRecap: Fed officials flag inflation risks in run-up to Warsh’s Jackson Hole debutOil catch up post: Snaps losing streak as Trump rules out reviving Iran ceasefire termsUS major indices close higher led by the NASDAQ indexinvestingLive Americas market news wrap: Nvidia boosts tech stocks
Summary:
CENTCOM says US forces have cleared sea mines from the Strait of Hormuz’s international shipping lanes, though wording suggests not all mines are yet removed; oil prices traded quietly lower.Tokyo core CPI rose 1.8% y/y in August, beating forecasts and nearing the BOJ’s 2% target, with the core-core measure at 2.0%, reinforcing the case for a September hike.Japan’s Finance Minister Katayama confirmed she will attend next week’s G20 meeting in Asheville; BOJ Governor Ueda is also expected to attend, with markets watching for a possible sideline meeting with Bessent following last month’s joint yen intervention.Major FX traded in limited ranges, with the yen a touch softer and AUD and NZD posting modest gains.Regional equities were slightly firmer but gains were capped ahead of Fed Chair Warsh’s Jackson Hole speech later today.In company news, Bloomberg reports Stripe and Advent have ended their pursuit of PayPal, while the Wall Street Journal reports Nvidia has paused some deals under its AI Compute Partnership financing programme amid internal antitrust concerns.
US Central Command’s Adm. Brad Cooper said in a video address that American forces have cleared sea mines from the Strait of Hormuz’s international shipping lanes, describing the operation as a significant step toward restoring safer conditions in the waterway. Cooper said the mines, laid months earlier by Iran’s Islamic Revolutionary Guard Corps, had been successfully cleared from the shipping lanes, though his choice of words stopped short of claiming all mines in the strait had been removed. Analysts parsing the remarks concluded that some mines likely remain outstanding. Oil prices traded modestly lower following the announcement.
In Japan, Tokyo’s core consumer price index rose 1.8% year on year in August, beating forecasts of 1.7% and moving closer to the Bank of Japan’s 2% target. The closely watched core-core measure, which strips out fresh food and energy, rose 2.0%, adding further weight to expectations of a BOJ rate hike in September.
Separately, Japanese Finance Minister Satsuki Katayama confirmed she will attend next week’s G20 finance leaders meeting in Asheville, North Carolina, saying she hopes to contribute to discussions on the global economy and international finance. Bank of Japan Governor Kazuo Ueda is also expected to attend, although the central bank has not formally confirmed his plans; US Treasury Secretary Scott Bessent said he is looking forward to meeting Ueda there. Markets are focused on whether Katayama and Bessent will hold a sideline meeting, following their coordinated intervention last month to support the yen.
Currency markets were broadly quiet, with major pairs trading in limited ranges. The yen was a touch softer, while the Australian and New Zealand dollars posted modest gains. Regional equities were slightly firmer, though upside was capped as markets awaited Federal Reserve Chair Kevin Warsh’s keynote address at the Jackson Hole symposium later in the day.
In company news, Bloomberg reported that Stripe and Advent have ended their pursuit of PayPal. Separately, the Wall Street Journal reported that Nvidia has paused some deals under its AI Compute Partnership financing programme amid internal concerns about potential antitrust scrutiny, a development that comes weeks after the company disclosed $36 billion in related commitments.
Federal Reserve Chair Warsh speajs at 10am US Eastern time
This article was written by Eamonn Sheridan at investinglive.com.