China's CSI 1000 index futures (IM) front contract fell below 7,400 points, down 1.01% intraday.

Xinnowei to IPO and list on the STAR Market, issuing 65.323352 mln new shares, representing 15.00% of post-issue equity. Post-offer total share capital will be 435.489015 mln shares. All shares are primary; no secondary sale. Timeline: Aug 31 initial inquiry (bookbuilding), Sep 1 price set, Sep 3 subscription date.

Market consensus: core PCE YoY prev 3.3% (Reuters survey 3.3%). Majority of surveyed institutions expect YoY around 3.2–3.3% (Capital Economics, Goldman Sachs, Citigroup, Scotiabank, Barclays, Societe Generale, Standard Chartered and others at ~3.2%; BofA, Deutsche Bank, UBS, JP Morgan, Nomura, Morgan Stanley and multiple others at ~3.3%). High Frequency Economics is the notable outlier at +3.4%. Monthly core PCE prev +0.1% (Reuters +0.2%); consensus centered on +0.2% (BofA, Capital Economics, Citigroup, Deutsche Bank, Barclays, HSBC and many others). A smaller group expects higher monthly prints: BNP Paribas SA, JP Morgan and Banco Santander at +0.3%, and High Frequency Economics at +0.4%.