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PPI Inflation Expected To Accelerate To 9.3%


New session low for Stoxx600


NBH Likely To Hike By 15bps On September 21

US: Interesting note re Fed cuts and weak consumer sentiment in August, from
UMich survey: "The main takeaway for consumers from the first cut in interest
rates in a decade was to increase apprehensions about a possible recession.
Consumers concluded, following the Fed's lead, that they may need to reduce
spending in anticipation of a potential recession. Falling interest rates have
long been associated with the start of recessions"