2024年8月，意大利的年通货膨胀率从上个月的1.3%降至1.1%，与初步估计相符。运输成本下降（-0.2%对7月份的1.5%），而通信行业的通货紧缩有所加剧（-6.8%对-5.2%）。另一方面，健康（1.6%对1.5%）、餐馆和酒店（4.4%对4.3%）以及杂项商品和服务（2.4%对2.3%）的价格略有上涨。此外，住房和公用事业的通货紧缩有所缓解（-1.4%对-2.2%）。与此同时，食品和非酒精饮料（0.9%）、非酒精饮料和烟草（2.4%）、娱乐和文化（2%）以及教育（1.8%）的通货膨胀率保持不变。与上月相比，意大利消费者价格小幅上涨0.2%，与初步结果一致。

The annual inflation rate in Italy slowed to 1.1% in August of 2024 from 1.3% in the previous month, matching preliminary estimates. Transportation costs saw a decline (-0.2% vs 1.5% in July), while deflation picked up for communication (-6.8% vs -5.2%). On the other hand, prices accelerated slightly for health (1.6% vs 1.5%), restaurants & hotels (4.4% vs 4.3%), and miscellaneous goods & services (2.4% vs 2.3%). Additionally, deflation eased for housing & utilities (-1.4% vs -2.2%). Meanwhile, the inflation rate remained unchanged for food & non-alcoholic beverages (0.9%), non-alcoholic beverages & tobacco (2.4%), recreation & culture (2%), and education (1.8%). From the previous month, Italian consumer prices edged up by 0.2%, aligning with preliminary results as well.

恒生指数周一上涨53点，涨幅0.3%，收于17422点，从早盘的小幅下跌转变为第三个交易日的上涨，因为交易员最终相信 美国货币宽松周期将于本周晚些时候开始。在中国，继8月份令人失望的工业产出增长和零售贸易数据之后，中国央行将于周五公布9月份的关键贷款利率。与此同时，一些经济学家认为，北京推迟退休年龄的决定可能会在短期内促进就业和经济产出。虽然科技股和消费者主要上涨，但房地产市场表现平平，据报道，北京正准备降低超过5万亿美元未偿还抵押贷款的利率，最快可能在本月。指数领军企业腾讯控股。美团（2.9%）、快手科技（4.3%）和Techtronic Inds强劲上涨，涨幅0.6%。(3.6%). 由于强劲的临床数据，花旗重申对该股的买入评级后，Akeso股份有限公司股价上涨16.2%。

The Hang Seng rose 53 points or 0.3% to end at 17,422 on Monday, shifting from modest losses in the morning session while gaining for the third session as traders were eventually confident that US monetary easing cycle will begin later this week. In China, the PBoC is set to deliver a September fixing of its key lending rates on Friday following disappointing industrial output growth and retail trade figures in August. Meanwhile, some economists believed that Beijing's decision to delay the retirement age could boost employment in the near term and economic output. While tech and consumers mainly gained, property was muted as Beijing reportedly is preparing to reduce rates on over $5 trillion in outstanding mortgages, possibly as soon as this month. Index leader Tencent Hlds. added 0.6%, amid robust gains from Meituan (2.9%), Kuaishou Tech. (4.3%), and Techtronic Inds. (3.6%). Akeso Inc. jumped 16.2% after Citi reiterated a buy rating on the stock, owing to strong clinical data.

周一，DAX指数下跌0.3%，收于18650点左右，追随欧洲普遍谨慎的基调，此前一周飙升2%。交易员们准备迎接充满关键货币政策决定的重要一周。美联储将自2020年以来首次降息，目前大幅降息50个基点的可能性超过50%。其他货币政策决定也即将出台，包括英格兰银行、日本银行和挪威央行。在企业方面，西门子能源公司（-2.3%）、英飞凌（-1.8%）和MTU航空发动机公司（1.8%）是跌幅最大的公司，而Zalando（1.5%）和E.On（0.9%）的涨幅最大。

The DAX was down 0.3% to trade around the 18650 level on Monday, tracking a general cautious tone in Europe, and following a 2% surge in the previous week. Traders brace for a big week packed with key monetary policy decisions. The Fed is set to lower interest rates for the first time since 2020, and the odds for a jumbo 50bps rate reduction currently stand at above 50%. Other monetary policy decisions are also due, including from the Bank of England, the Bank of Japan, and the Norges Bank. On the corporate front, Siemens Energy (-2.3%), Infineon (-1.8%) and MTU Aero Engines (-1.8%) were among the top losers while Zalando (1.5%) and E.ON (0.9%) booked the biggest gains.

周一，CAC 40指数微涨0.1%，至7475点，交易员等待了一周的关键货币政策决定。焦点在于美联储，人们普遍预计美联储将自2020年以来首次降息，目前大幅降息50个基点的可能性超过50%。预计英格兰银行、日本银行和挪威央行也将做出其他重大货币政策决定。在个股中，欧莱雅领涨1.1%，达能和布伊格分别上涨0.5%和0.4%。在下跌方面，凯捷是跌幅最大的公司，下跌1.7%，紧随其后的是意法半导体，下跌约1.1%。

The CAC 40 edged up 0.1% to 7,475 on Monday, as traders awaited a week of key monetary policy decisions. The spotlight is on the Federal Reserve, which is widely expected to lower interest rates for the first time since 2020, with the likelihood of a substantial 50 bps rate cut now exceeding 50%. Other significant monetary policy decisions are also anticipated from the Bank of England, the Bank of Japan, and the Norges Bank. Among individual stocks, L'Oréal led the gains with a 1.1% increase, while Danone and Bouygues added 0.5% and 0.4%, respectively. On the downside, Capgemini was the largest decliner, dropping 1.7%, followed closely by STMicroelectronics, which fell around 1.1%.