【期貨熱點追蹤】戰火重創黑海港口物流！芝加哥小麥期貨持穩於三年高位附近，全球糧食供應鏈遭遇極限施壓，地緣恐慌情緒迅速席捲農產品市場，糧食的“安全溢價”正被重新定價。

MOFCOM deputy minister Yan Dong said on Aug. 28 that China’s service trade should see multiple tailwinds in H2. Travel-service exports are expected to sustain high growth as international trade shows, business events and the inbound tourism peak overlap. High-value service sectors — digital platform services, cloud and AI-related services — are accelerating overseas expansion; telecom, computer & information services, IP and culture/entertainment services are also growing rapidly, pushing service trade up the value chain. Policy support — capacity and quality upgrades in services, rollout of national service-trade innovation pilot zones and the upcoming China International Fair for Trade in Services (CIFTIS) — will further ease high-level opening and higher-quality development. Outlook: full-year China service trade to remain positive, with strong service export momentum.

Fed official Hammack said officials should act to curb inflation, adding current policy rates are not sufficiently restrictive to allow price pressures to abate. She favors keeping policy restrictive and was one of three dissents at last month’s meeting, preferring a 25bp hike. Hammack warned that a longer period of inflation above target would make it harder to bring down and said she has not yet seen entrenched inflation expectations, though some conversations leave her concerned. She cited frothy capital markets — IPO activity totaling trillions of dollars and record debt issuance — as evidence current rates are not imposing enough credit or growth restraint.