Global economic and geopolitical summary: CPI data, budget deficits, and market shifts

China's August CPI rose by 0.8%, while the U.S. Congressional Budget Office projects a $168 billion monthly budget deficit. Global gold ETFs saw a record $18 billion inflow in August. Brent crude futures surpassed $100, and European natural gas prices exceeded 80 euros per megawatt-hour for the first time since 2023. Geopolitical tensions in the Middle East have escalated following attacks in Sirik, Iran.