Malaysian Palm Oil Council: Due to tightening supply and geopolitical turmoil, the price of crude palm oil in September will remain above 4,600 ringgit per ton. Palm oil production is expected to decline year-on-year in the fourth quarter, with supply tightening towards the end of the year.

Morgan Stanley has lowered its core revenue forecast for Baidu (BIDU.US) by 1% to 9% for 2026 to 2028 and revised down its non-GAAP operating profit forecast by 6% to 31%, reflecting weaker revenues and increased investment in artificial intelligence. The target price for Baidu's US shares has been significantly cut by 38.5% from $130 to $80, equivalent to 10 times the projected 2027 P/E ratio. The rating has been downgraded from "Equal-weight" to "Underweight."

HSBC: Bank of Japan may support the yen with a hawkish rate hike in September; the key to recovery lies in capital inflows and improvements in real interest rates

Spot gold has just broken through the $4,350.00 per ounce level, now trading at $4,349.60 per ounce, up 0.36% on the day; COMEX gold futures main contract is now at $4,403.10 per ounce, down 0.40% on the day.

The Philippine peso drops to a historic low, facing double pressure from surging oil prices and import dependence