According to the U.S. Federal Register: As part of an agreement with international partners, the United States has announced new controls on quantum computing and the production of advanced chip technology.

U.S. stock index futures narrowed losses slightly after the release of U.S. initial jobless claims data.

The number of people continuing to claim unemployment benefits in the United States in the week ending August 24 was 1.838 million, which was expected to be 1.865 million. The previous value was revised from 1.868 million to 1.86 million.

The final value of U.S. non-farm productivity in the second quarter was 2.5%, in line with expectations of 2.50% and the previous value of 2.30%.

World Gold Council: Global physically backed gold ETFs have seen inflows for four consecutive months. Western gold ETFs once again contributed the largest share of capital flows.

World Gold Council: Strong activity in gold options spread trading may reflect a shift in expectations for interest rates and election risks in the second half of the year.

World Gold Council: Gold performed strongly again in August, driven by expectations that the Federal Reserve will cut interest rates for the first time. The expectation of rate cuts pushed down the dollar and U.S. Treasury yields.

The pan-European Stoxx 600 index fell to an intraday low and was now down 0.5%.

S&P 500 futures fell to session lows, down 0.3%.

European luxury goods stocks fell sharply.

Adam Button, an analyst at the financial website Forexlive, commented on the August ADP data: There is growing evidence that the US job market is cooling.

ADP report: The median annual growth rate of wages for employees in the financial services industry was 5.0% in August, compared with 5.0% in July.

ADP report: The median annual growth rate of wages for manufacturing employees was 4.7% in August, compared with 4.7% in July.

ADP report: The median annual wage growth rate for professional/business service employees was 4.7% in August, compared with 4.7% in July.

ADP report: The median annual growth rate of wages for construction industry employees was 5.2% in August and 5.3% in July.

ADP report: The median annual wage growth rate for trade/transportation/utilities employees was 4.5% in August, compared with 4.6% in July.

ADP report: Employment in the financial services industry increased by 18,000 in August and 14,000 in July.