Overview

• A softer U.S. August jobs report pushed Treasury yields to multi‑month lows and sent gold near record highs as markets largely priced a September Federal Reserve rate cut with a small chance of a larger move.
• Asian equities advanced and U.S. futures edged higher, while the yen slid to around 148 per dollar after Prime Minister Shigeru Ishiba’s resignation added uncertainty around Japan’s policy outlook.
• Indian benchmarks opened higher after last week’s gains, with optimism from recent GST rate cuts and a market focus on August retail inflation due September 12 for cues on the RBI’s stance.
• Foreign institutional investors were net sellers last week at Rs 5,666.90 crore as domestic institutions offset the pressure with Rs 13,444.09 crore in net purchases.
• Media reports said the U.S. signed tariff exemptions for materials such as nickel, gold, pharmaceutical compounds and chemicals starting Monday, while oil rose after OPEC+ agreed to slow its planned output increase from October.