Chinese media reports say Foxconn is ramping up wages ahead of iPhone 17

Chinese media reports say Foxconn is ramping up wages ahead of iPhone 17. Foxconn's Zhengzhou factory has been offering heavy incentives since late July to attract staff.

South Korea August consumer price index marks slowest rise y/y since November 2024. Headline and core rates both drop in the month.

New Zealand terms of trade for Q2 2025 surges by +4.1% q/q (expected +1.9%). At the margin better ToT is supportive for the currency.

Gold tokens hit $2.57B cap as gold nears $3470 peak. XAUT surges $437M, PAXG adds $141.5M. Safe haven demand rises.

Morgan Stanley tips Fed for a dovish slam-dunk: three or more consecutive rate cuts coming Sees risks the Fed could cut rates more sharply than markets expect, potentially taking fed funds as low as 2.25% in 2025.

UBS tips a Fed ‘four-peat’: four straight rate cuts at the next four meetings. UBS’s forecast of a Fed rate-cut ‘four-peat’ points to softer Treasury yields and a firmer euro as dollar downside risks grow.

L'Oréal stock jumps 17% to $400, boosting heiress's wealth by $24B (32%) to $98B. JPM upgrades.