Traders are planning to ship large volumes of Brazilian arabica to ICE delivery warehouses as ICE-certified inventories hover around 220,000 bags, a 26-year low. Expected deliveries of roughly 300,000 bags would not lift stocks to the 1 million-bag level traders consider comfortable. Brazil’s coffee exports to Belgium jumped 245.3% year on year in August to more than 525,000 60kg bags, according to government data analysed by Brazilian broker Terra Investimentos. Tight exchange stocks have been a key factor keeping coffee prices around $3 per lb.

U.S. consumer inflation rose 3.4% year-on-year in August and increased 0.4% from July, both in line with market expectations. Core CPI rose 0.3% month-on-month, slightly above the 0.2% forecast, while the core rate eased to 2.4% year-on-year. After the data, markets lifted the implied probability of a Federal Reserve rate increase in September to 82%.

Spot gold rose 0.2% on Friday to $4,324.79, but is down more than 2% so far this week and is set for a third consecutive weekly decline. Pressure on bullion intensified after U.S. August PPI data came in above expectations, reinforcing bets the Federal Reserve could raise rates. Traders are now awaiting U.S. CPI figures for clearer signals on the Fed’s policy path. Spot silver slipped 0.3% and is down more than 4% for the week.

The White House has yet to make a final decision on tariffs for refined copper, as officials weigh the risk that higher copper prices could lift manufacturing costs against the goal of encouraging more domestic mining, people familiar with the matter said. The Commerce Department delivered an update on the copper market to President Donald Trump by a White House-set June 30 deadline, and one proposal would impose a 15% tariff starting in 2027 and phase up to 30%. U.S. refined copper imports have risen 16fold since 2015 while production has fallen 20%, even though the country has nearly 30 years’ worth of supply within its borders.

August U.S. producer price data and a jump in oil prices renewed inflation concerns, with markets pricing a 70% chance the Federal Reserve raises rates next week. Brent crude rose 6% to $107 a barrel after key supply routes through the Strait of Hormuz and the Red Sea were disrupted by the U.S.-Israeli war on Iran. The S&P 500 fell 0.59% and the Nasdaq slid 0.59%. The S&P 500 is down nearly 3% from its Aug. 13 record close but remains up 11% in 2026.

Meta launched an AI assistant on Tuesday that can autonomously send emails, sell a car and book travel, as it looks to expand revenue beyond advertising. The assistant offers a free basic tier, alongside higher-end subscriptions priced at $20 a month and $100 a month. Meta expects its AI infrastructure spending to exceed $130 billion this year. Internally, major technical and security incidents rose 40% year over year due to an AI-driven surge in code, while staff time spent responding to incidents increased 70%.

Bank of England Governor Andrew Bailey told lawmakers on Tuesday that a rate increase is not inevitable and that policy decisions will depend on economic and geopolitical developments. He said markets have built in a risk premium that implies more tightening than the most likely policy path, reflecting concerns about higher energy prices, according to Reuters. Bailey and three other Monetary Policy Committee members largely reiterated their existing views ahead of the BoE’s Sept. 17 rate announcement. Market pricing points to a 25-basis-point hike by year-end and two additional increases before 2027.

GE Aerospace said it will acquire precision castings supplier Consolidated Precision Products for $11.75 billion, bringing a key engine supply-chain step in-house. The company, which derives about 70% of its revenue from commercial and defense engines, expects CPP to generate about $2 billion in revenue in 2027 and sees airfoil demand rising more than 30% by 2030 versus 2026. GE will fund $7 billion of the purchase with cash and the remainder with new debt, and the deal is expected to close in the second half of 2027.

Indian shares are expected to open little changed on Tuesday after sliding to six-week lows, with sentiment subdued as Middle East conflict risks push Brent crude toward $97 a barrel. India, which imports about 85% of its crude needs, is seen as particularly exposed to higher oil prices that can stoke inflation worries. Foreign investors were net buyers of Indian shares worth 2.8 billion rupees on Monday, snapping a three-session selling streak.