[Realtor website: U.S. rents fell year-on-year for the 25th consecutive month in August] Realtor website said that rents fell year-on-year for the 25th consecutive month in August, and it was also the first month-on-month decline since March 2025, indicating that there will be a seasonal slowdown in rents in the fall. At the same time, Realtor website said that more than two years of continued rent declines are prompting many renters to plan to move in order to gain space, save money or explore new areas. In August, monthly asking rents fell by $38 year-on-year, a decrease of 2.2%. Compared with the peak in August 2022, the median monthly rent for studio to two-bedroom apartments in the 50 largest metropolitan areas in the United States fell by $46 to $1,713, a decrease of 2.6%. But the Realtor website said that this is still $249 higher than the pre-epidemic level, an increase of 17%.

[Bank of America Survey Shows AI is Improving Productivity and is Viewed as Deflationary] According to Bank of America's September Global Fund Manager Survey, investors believe artificial intelligence (AI) is a key tool for improving productivity and expect it to have a deflationary impact. The survey showed that 50% of investors believe AI is already improving productivity. Approximately 28% of investors expect AI to improve productivity after 2026, while 16% say it will increase by 2026 and 1% say it will increase by the second half of 2025. 73% of investors believe AI is deflationary, while 7% believe it is inflationary. Forty-eight% of investors believe there is no bubble in AI stocks.

[The Bank of Canada's interest rate decision remains unpredictable after the release of inflation data] Abbey Xu of the Royal Bank of Canada said that the latest Canadian inflation report highlights the delicate balance that the country's central bank must strike in its policy decision on Wednesday. The economist continues to predict that it will be difficult to make a conclusion as to whether to cut interest rates by 25 basis points or keep interest rates unchanged. She pointed out that there are clear signs of economic weakening, but there were also early signs of recovery in the third quarter. In addition, the overall year-on-year inflation rate in August was 1.9%, lower than the 2.1% forecast by the Royal Bank of Canada (RBC), but still higher than 1.7% in July. Xu pointed out that all core inflation indicators continue to be above the country's central bank's 2% target, highlighting the deep-seated inflationary pressures. Xu also said that the Bank of Canada will have to consider the upside inflation risks from sticky core inflation, resilient consumer spending and the government's planned fiscal stimulus measures.

The FTSE China A50 Index futures just broke through the 15100.00 mark and was last trading at 15101.00, up 0.12% on the day.

Federal Reserve Statement: The Federal Open Market Committee begins its two-day interest rate-setting meeting.

Federal Reserve: Stephen Milan was sworn in as a Fed governor ahead of the Federal Open Market Committee meeting.