GGMA Markets Briefing: Oil Climbs and Treasuries Slip as Asia Stalls After Wall Street's Records 🇺🇸 Asian stocks slipped and Treasuries fell as oil climbed, breaking from a Wall Street rally that took the S&P 500 and Nasdaq 100 to records, and two Fed officials named AI as a growing driver of inflation ahead of tonight's minutes. 🛢️ Oil rose as Iran stepped up tanker attacks in the Strait of Hormuz and a storm took aim at the US Gulf Coast, even as flows through the strait approach pre-war levels. 🇮🇳 India's central bank raised rates for the first time in nearly four years and moved to a tightening stance, joining the global wave of rate rises. 🇯🇵 Japan's real wages rose for an eighth month and a Bank of Japan dissenter backed further rises in stages, keeping December in play. 🇪🇺 French fiscal risk kept pressure on the euro and French bonds, and the euro held near its weakest since May 2025. 🇰🇷 Samsung heads into Thursday's results with investors questioning whether the memory-chip boom will last, while SpaceX is in talks to borrow to buy Nvidia chips. Today's Macro Roadmap: German industrial production, Swedish inflation and Poland's rate decision, then US crude inventories and New York Fed inflation expectations, ahead of the Fed's September minutes at 20:00 CET. Read the full article on our website for free. Link in the bio.