Fed watchdog calls for stronger controls on information sharing By Investing.com

• The 22nd annual Funds Europe Awards will place a significant spotlight on private markets across its upcoming ceremony. • Recognition will be distributed across three primary categories: management, innovation, and administration.

• Indian equity markets faced a downturn, with the Sensex closing 374 points lower and the Nifty falling 141 points after an initial plunge of nearly 1%. • The decline was driven by global headwinds, including escalating US-Iran tensions, rising crude oil prices, and stress in global bond markets.

• Gabriel India has clarified that the valuation for its proposed acquisition of a 28.99% stake in HL Mando Anand India was based on audited FY26 financials. • The acquisition involves purchasing the stake from the promoter, Asia Investments, and is expected to be a key focus for investors during Wednesday's trading session.

• Bank of America (BofA) has updated its outlook on top European IT services and payments stocks following the second-quarter reporting season. • For one unnamed company, BofA increased the target multiple to 26 times 2026 price-to-earnings, up from 24, with first-half 2026 results expected on September 8.

• The Euro has outperformed the Pound Sterling for three consecutive days, with the EUR/GBP cross trading around 0.8585 on Wednesday. • The currency pair is currently testing the upper boundary of a narrow consolidation range that has persisted since late July.

• Stock futures are experiencing volatility as global bond yields react closely to fluctuations in oil prices. • Market sentiment has shifted toward a new baseline expectation that the Federal Reserve will implement a rate hike in September.

• French conglomerate Bouygues is shifting its strategic focus toward expansion in the US and Germany to offset sluggish economic growth in France. • The company plans to prioritize its road-construction business and its subsidiary, Equans, which specializes in electrical engineering and energy transition infrastructure.

• Binance Margin will remove 12 trading pairs, including TNSR/USDC, SXT/USDC, TURTLE/USDC, AIXBT/USDC, and BREV/USDC, effective September 3. • In a recent interview, Binance founder Zhao Changpeng praised Hong Kong as a progressive "sandbox" for China's digital currency experiments and the Web3 industry.

• Keppel DC Reit and Keppel announced on September 1 that they have agreed to collectively acquire 90% stakes in two freehold data centres in Tokyo, known as Tokyo Data Centre 4 and Tokyo Data Centre 5. • The acquisition is valued at approximately 171 billion yen (US$1.1 billion) and is expected to be accretive to the REIT's distribution per unit.

• The Reserve Bank of New Zealand (RBNZ) unanimously voted to hike the Official Cash Rate (OCR) by 25 basis points to 2.75% on September 2. • The Committee stated that gradually removing monetary stimulus is appropriate to prevent the need for more aggressive rate increases in the future.

• Thailand's tourism recovery is gaining significant momentum, with hotel occupancy rates now exceeding 70%. • The surge in visitors is primarily driven by increased arrivals from key international markets, including China, Russia, India, Malaysia, and South Korea.