Brazil's finance minister Durigan said the government faces no default risk and that debt rollovers are proceeding smoothly.

US Commerce Department (Census Bureau) data: wholesale inventories rose 0.5% MoM in August, revised from a 0.7% preliminary estimate; July inventories rose 1.4% MoM. Inventories were up 6.4% YoY. By category, durables +0.8% MoM, nondurables unchanged, petroleum stocks -3.9%. Wholesale sales climbed 1.8% MoM in August (July +1.0%), signalling accelerating demand. The inventory-to-sales ratio edged down to 1.18 months from 1.19 in July. Firms appear to be rebuilding stocks after five straight quarters of inventory drawdowns despite strong consumer spending and AI investment.

Barclays initiates coverage of SpaceX (SPCX.O) with an Overweight rating and a $254 price target.