1. U.S. stocks opened lower on Friday as investors awaited a decision on rate hike by the U.S. Federal Reserve next week. The Dow Jones industrial average (DJI) fell 52.78 points, or 0.32 percent, to 16,277.62, the S&P 500 (SPX) lost 6.56 points, or 0.34 percent, to 1,945.73 and the Nasdaq composite (IXIC) dropped 24.55 points, or 0.51 percent, to 4,771.71.
2. U.S. producer prices were flat in August, pointing to benign inflation pressures that could weigh on the Federal Reserve's decision whether to hike interest rates next week.
3. Oil prices fell on Friday after Goldman Sachs (NYSE:GS) cut its crude forecasts, citing global over-supply and concerns over the health of the Chinese economy, and after Saudi Arabia dismissed the idea of an oil producer summit.
4. U.S. core producer price inflation rose more-than-expected last month, official data showed on Friday. In a report, U.S Bureau of Labor Statistics - Department of Labor said that U.S. core PPI rose to a seasonally adjusted 0.3%, from 0.3% in the preceding month. Analysts had expected U.S. core PPI to rise 0.1% last month
5. A spike higher in the offshore yuan following suspected rare intervention by Chinese state banks is expected to be short-lived, especially with a looming U.S. interest rate rise likely to add to the attraction of owning dollars.
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