TD Securities strategists say Fed Chair Kevin Warsh’s remarks at next week’s Jackson Hole symposium could offer investors a slight reprieve if he provides additional guidance; continued avoidance of forward guidance would be disappointing. Markets will seek clues on the Fed’s reaction function and reassurances about its anti‑inflation resolve. Strategists expect a gradual, non‑disruptive speech rather than a regime shift, but warn downside risk from unmet expectations remains high.

Brazil's Supreme Federal Court rejected an application to suspend activities at the Autazes project, the Brazilian potash company said.

At its 2026 interim results briefing, Kweichow Moutai director Wang Li, acting general manager, said prices are market-determined and adjustments respond to supply–demand changes. The company has made five price adjustments this year under principles of market-following, relative stability, supply–demand alignment and volume–price balance. Kweichow Moutai said these measures establish a market-demand-driven consumer and supply-side pricing framework and a dynamic price-adjustment mechanism, producing a more balanced per-ton average price across its product range and pushing sales prices to align with actual market transaction prices.