Asian shares and bonds staged a relief rally on September 3 as investors awaited fresh US data and Federal Reserve comments regarding potential policy tightening in September. ^[1] Japanese government bond yields slid from historic peaks, tracking a recovery in US Treasuries overnight ahead of a super-long debt auction in Tokyo. ^[2] Oil prices edged lower amidst uncertainty over renewed military strikes between the US and Iran, with US crude falling 0.3 per cent to US$90.74 a barrel and Brent falling to US$95.21 per barrel. ^[3] Traders have increased bets on a Federal Reserve interest rate hike, assigning a roughly two-in-three chance that the Fed will deliver a 25-basis-point rate increase in September, up from 37 per cent a week ago according to CME Group's FedWatch tool. ^[4] On 2026-09-03 at 7:30 AM ET, US Initial Jobless Claims are expected at 205,000 versus a prior 203,000, measuring first-time unemployment insurance filings for the past week. ^[5] On 2026-09-03 at 8:45 AM ET, the S&P Global Services PMI is expected at 56.8 versus a prior 54.6, based on surveys of over 400 executives in private sector service companies. ^[6] On 2026-09-03 at 9:00 AM ET, the ISM Non-Manufacturing PMI is expected to be 54.2, up from a prior reading of 54.1, with readings above 50 indicating expansion in the US services sector. ^[7] On 2026-09-03 at 7:30 AM ET, Federal Reserve Governor Christopher Waller is scheduled to make remarks, watched for potential monetary policy guidance. ^[8]