A chronological text record of the AI Market Commentator: important releases, breaking developments, market reactions and concise context for the trading day.
South Korea's presidential office states the Ulchi drills are defensive and not aimed at attacking North Korea or escalating tensions.
US index futures: S and P futures is down 0.03 percent, Nasdaq futures is up 0.01 percent, Dow futures is down 0.05 percent and Russell futures is up 0.02 percent.
US equity futures are mixed: S&P futures are down 0.02 percent, Nasdaq futures are up 0.01 percent, and Russell futures are up 0.03 percent. In FX, the Dollar Index is down 0.09 percent, with EUR/USD up 0.05 percent and USD/JPY up 0.04 percent. WTI crude is up 0.27 percent and gold is up 0.4 percent.
Soybean futures are rallying above $12, reaching a three-week high. This move is supported by US crush activity and crude oil prices.
Silver is trading above $66 an ounce, marking its third consecutive session of gains. This movement coincides with markets reducing expectations for a Federal Reserve interest rate hike.
Japanese shares are slipping, with the Nikkei 225 Index down 0.4% to below 69,000. This comes as the benchmark 10-year Japanese government bond yield climbed to around 2.95%, its highest level in three decades.
US index futures: S and P futures is down 0.02 percent, Nasdaq futures is up 0.03 percent, Dow futures is down 0.05 percent and Russell futures is unchanged at 0 percent.
US equities are mixed: S&P futures are down 0.01%, Nasdaq futures are up 0.01%, and Russell futures are unchanged. In FX, the dollar index is down 0.07%, EUR/USD is up 0.03%, and USD/JPY is up 0.05%. WTI crude is up 0.46%, and gold is up 0.32%.
Zambia's electoral commission declares Hichilema president-elect.
Zambia's President Hichilema has won re-election, securing about 60% of valid votes, according to official results.
Australia's August Westpac-MI Consumer Confidence Index rose 6.0% to 88.9. Consumer sentiment printed at 6%, up from a prior reading of 4.1%.
US index futures: S and P futures is up 0.01 percent, Nasdaq futures is up 0.02 percent, Dow futures is down 0.02 percent and Russell futures is up 0.02 percent.
US equities are higher: S&P futures are up 0.01 percent, Nasdaq futures are up 0.02 percent, and Russell futures are up 0.02 percent. The US Dollar Index is down 0.1 percent, with EUR/USD up 0.04 percent and USD/JPY up 0.01 percent. WTI crude is up 0.47 percent, and gold is up 0.06 percent. The VIX is up 6.6 percent. US 10-year yields are up 2.8 basis points, and US 30-year yields are up 4.4 basis points.
SquawkNews LiveCast Briefs are informational market commentary, not investment advice. Facts may be corrected as verified information changes.