Developing storylines
the narratives behind the headlines
- •US services PMI hits a six-month high of 55.4, while Japan, the UK and India also post expansionary readings despite inflation and cost pressures.
- •UK construction PMI contracts for a 20th straight month in August, falling to 44.3 as housebuilding activity weakens and firms reduce headcount.

- •Short interest in ProShares inverse ETFs diverges sharply, with UltraShort Consumer Discretionary falling 65% while Ultra SmallCap 600 and UltraShort SmallCap 600 both surge over 130%.
- •Small-cap stocks Marwynn Holdings, Agronomics, Maywood Acquisition, bioAffinity Technologies and MustGrow Biologics post August short-interest gains ranging from about 112% to 416%.