U.S. Commerce Secretary Lutnick said the bond market will push interest rates lower.

Meteorological services forecast that Typhoon Shadeer, a monsoon trough and an incoming cold front will produce heavy to torrential rain across parts of Jiangnan and eastern and southern South China from Sept. 2–4, with isolated extreme downpours. Northeastern Fujian faces elevated risk of geological disasters. Under the national contingency plan, the Ministry of Emergency Management activated a national Level-4 geological disaster emergency response for Fujian on Sept. 2.

RBNZ says medium-term indicators are consistent with inflation returning to target.