Treasury Secretary Janet Yellen said there are no “red lights flashing” for the financial system, and reiterated her view that the US economy has reached a soft landing even as job growth weakens. “For the US, the kinds of metrics that we would monitor that would summarize risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing,” Yellen said Saturday in a fireside conversation with Bloomberg News’ David Gura at the Texas Tribune Festival. “I’m attentive to downside risks” on employment, she said, while saying job growth is solid.

September is proving a volatile month for markets as global stocks and commodities slumped amid fears of tepid global growth. More unease is likely as Chinese inflation and producer prices data later Monday may highlight the economic malaise that policymakers are struggling to counter. Traders this week will be keeping a close eye on US inflation data as worries mount the Fed has waited too long to cut interest rates as recession risks grow. Eyes will also be on the consumer confidence and the jobless claims data this week.

Donald Trump pledged on Saturday to make it too costly for countries to shift away from using the US dollar, adding a new pillar to his tariff platform. “You leave the dollar and you’re not doing business with the United States because we are going to put a 100% tariff on your goods,” the Republican presidential nominee said at a rally in the battleground state of Wisconsin.

Apple Inc.’s most important event of the year takes place Monday, when the company will roll out its latest iPhones and set the stage for a new artificial intelligence platform. The event kicks off from Apple’s headquarters in Cupertino, California, on Sept. 9 at 10 a.m. local time. Apple doesn’t typically hold this event on a Monday, but the earlier timing lets the company get out ahead of an eventful Tuesday: There’s a US presidential debate that day, and the European Commission is slated to announce a decision on whether Apple has to pay $14 billion in taxes stemming from a longstanding agreement with Ireland.

After Friday’s sell-off, the Sensex and Nifty are likely to open Gap Down today as well, as per what the GIFT Nifty is indicating. The Nifty is near a very key support range of 24,750 – 24,850.

The 54th GST Council Meet will be held in New Delhi later today. The Council is expected to provide clarity on the continuation of the GST compensation cess. Sources suggest that the cess may extend “well into” 2025-26 (FY26). There will also be discussions on whether to eventually replace this cess with a tax or a new cess. More on the agenda right here.

India has identified and isolated the country’s first case of Monkeypox. However, the government has assuaged fears, saying that there is no need for alarm or panic.

In key stocks to watch today, Hindustan Unilever has constituted a committee to evaluate the way forward for its ice cream business. Hexaware, which had de-listed in 2020 has filed a DRHP for a ₹9,950 crore IPO. Jio Financial has announced that it has formed a Joint Venture with BlackRock for investment advisory business and Godfrey Phillips shareholders voted in favour of Bina Modi’s reappointment as Managing Director at its AGM. More stocks in news right here.

In some other news, a MoneyControl report states that Two Mauritius-based FPIs, who were mentioned in the January 2023 report on the Adani Group by short-seller Hindenburg Research, have petitioned the Securities Appellate Tribunal, seeking urgent relief from complying with Sebi’s new foreign investor norms. Both entities are said to have filed the case and paid the fee to SAT on August 19. The funds alleged Sebi’s directions asking them to comply with certain conditions that did not apply to other FPIs have unfairly disadvantaged their investors, according to the petition, which is set for a hearing next week, people with direct knowledge of the matter told Moneycontrol.