The global economy is facing a mix of challenges and opportunities, as manufacturing concerns rise in the US while retail sales experience a slight increase in the UK. In this blog post, we will dive deeper into these economic trends and explore how they may impact businesses and investors.

In the US, hiring is expected to tick higher in August due to manufacturing concerns. President Trump has signed an order sealing a tariff deal with Japan, imposing a 15% rate on certain goods. However, Federal Reserve Governor Goolsbee has expressed caution due to uncertainty, suggesting a “wait and see” approach. Meanwhile, Canada is stalling EV rules in an effort to boost the auto sector, while the European Central Bank (ECB) cut remains unlikely despite marginal economic growth in the Eurozone.

In the UK, retail sales rose 0.6% in July, but quality issues have been admitted by the Office for National Statistics (ONS). Despite this, house prices hit a record high in August, according to Halifax data. However, a major blow has been dealt to the Labour Party as one of its deputies quits over a tax scandal. Japan’s wages have gained the most in seven months, supporting a potential rate hike case, while BoJ’s October rate stance remains difficult to call, according to former Chief Economist.

In other news, Broadcom has announced plans to help OpenAI create an AI chip to take on Nvidia, while banks are reportedly preparing $38 billion of debt for Oracle-tied data centers. Apple’s India sales have hit a record $9 billion after a big retail push, while Lululemon has announced that the closure of its de minimis hole will crush margins.

Overall, these economic trends highlight the complexities and uncertainties facing businesses and investors today. As always, it is important to stay informed and adapt to changing market conditions to remain competitive and successful.