Wall Street executives and Chinese supervisors plan to hold a video conference to discuss issues such as China's implementation of industry regulatory rectification and Sino-US relations. According to two people familiar with the matter, the meeting will be held on Thursday, marking the resumption of the China-US Financial Roundtable, which was held for the first time in September 2018 and took second place during the COVID-19 pandemic. Therefore, this is a private meeting, and people familiar with the situation did not want to be named.

The US manufacturing output growth in August was lower than expected, as Hurricane Idar made the raw material and labor shortages that manufacturers are already facing worse. Data released by the Federal Reserve on Wednesday showed that manufacturing output rose 0.2% in August, and the growth rate was revised up to 1.6% in July. Overall industrial production, including mining and utility output, rose 0.4% in August. The Fed estimates that Hurricane Ida will have a 0.2% negative impact on manufacturing output. The median forecast by economists in the previous Bloomberg survey showed that manufacturing output is expected to increase by 0.4%, and industrial output is expected to increase by 0.5%.

More than two weeks after Hurricane Ida landed in Louisiana, oil companies in the Gulf of Mexico are still working to restore production, and almost one-third of their production capacity remains closed. According to the US Federal Agency for Security and Environmental Enforcement, as of Wednesday, 36 of the 560 platforms are still closed, affecting approximately 500,000 barrels per day. This exceeds the daily output of Venezuela, a founding member of OPEC. Since the hurricane hit, the overall production loss has risen to 27.3 million barrels, making Aida the hurricane with the greatest impact on oil production in 13 years.

A few days after ECB officials decided to slow down asset purchases in the fourth quarter, the bank’s chief economist Philip Lane said that investors should not simply focus on the scale of asset purchases when assessing the ECB’s monetary policy. Lane said: "It is not a good idea to judge monetary policy stance from asset purchases." "The effective way is to emphasize persistence," he said in a webinar on Wednesday.

Dalio, the founder of Bridgewater Fund, warned investors not to rely too much on cash. Although he himself owns some bitcoins, he believes that the government may disrupt the cryptocurrency market. Dalio told CNBC on Wednesday, "First of all, cash is rubbish, so don't hold on to cash."

The Governor of the Bank of Japan Haruhiko Kuroda said that the central bank will continue to purchase corporate bonds including green bonds, and there is no pre-set purchase amount for green bonds. In an online speech at a conference hosted by the International Economic Forum of the Americas, Kuroda said that the Bank of Japan is taking measures to address climate change in accordance with its mandate.

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