US core PCE price index rose 0.2% MoM in August, unchanged from July and slightly below the market consensus of 0.3%.

Morgan Stanley China chief economist Xing Ziqiang said the recent round of rate hikes has led his research team to revise forecasts to expect one further hike in December and another in March. He will closely monitor how rate increases and related factors may affect global liquidity. Discussions with overseas investors show a preference for Chinese AI and broader technology sectors and other industries with improving momentum. While industrial revolutions raise productivity, Xing said preparation is needed to mitigate potential shocks to employment and incomes.

PENTAGON said coalition forces and equipment have been withdrawn in an orderly manner from Erbil Air Base, marking the end of the military mission in Iraq to defeat the Islamic State (ISIS).