Nymex WTI crude oil futures main contract fell 1.01% intraday to $81.40 per barrel.

The US dollar holds steady ahead of the Jackson Hole meeting, while the yen shows a muted reaction to central bank officials' remarks.

The Central Bank of the Philippines has raised interest rates for the third consecutive time to 5%, as inflation remains twice the target level.

According to Nikkei: Toyota has requested its parts suppliers to reduce raw material costs.

Kevin Gordon, Head of Macro Research at Charles Schwab Financial Research Center, stated that the current drivers of inflation can mainly be attributed to artificial intelligence spending, tariffs, and energy. After the release of the US PCE data on Wednesday, Gordon said, "The goods sector is where the latter two factors are most evident, and from there, you can see how much this dynamic has changed over the past few years." He noted that in the post-tariff environment, goods deflation has bec