Global Markets:
- Asian stock markets: Nikkei rose 1.30 %, Shanghai Composite up 0.53 %, Hang Seng climbed 0.12 %, ASX up 0.49 %
- Commodities: Gold at $1281.13 (-0.72 %), Silver at $16.88 (-1.40 %), WTI Oil at $47.62 (+0.06 %), Brent Oil at $50.80 (+0.14 %)
- Rates: US 10-year yield at 2.25, UK 10-year yield at 1.06, German 10-year yield at 0.41
News & Data:
- EUR Industrial Production m/m -0.6 % vs -0.4 % expected
- JPY Industrial Production n/m 2.2 % vs 1.6 % expected
- CNY Retail Sales y/y 10.4 % vs 10.9 % expected
- CNY Fixed Asset Investment y/y 8.3 % vs 8.6 % expected
- North Korea Backs Off Guam Missile-Attack Threat – WSJ
- U.S. wages seen growing faster than headline data suggest- RTRS
- China says it will defend interests if U.S. harms trade ties- RTRS
Markets Update:
Asian equity markets extended gains after North Korea’s leader signaled that he would delay plans to fire a missile near Guam as the prospect of war between the U.S. and North Korea receded
USD/JPY made considerable ground on Monday, as geopolitical tensions eased between the US and North Korea, the Yen fell over 0.5 percent against the USD from 109.70 up through 110.20 where it has since steadied.
EUR/USD was little changed and seen Trading flat on the day against the dollar at $1.1784. The Euro could not muster enough strength to close above August’s opening level at 1.1830 while the US dollar index added a mere 0.1 percent to 93.480
AUD/USD failed to sustain gains beyond the 0.79 handle yesterday and proceeded to fall sharply down to the mid-level support at 0.7850 before finally rising about 0.3 percent to session highs of 78.71 U.S. cents after the RBA minutes.
Upcoming Events:
- French Bank Holiday
- Italian Bank Holiday
- 06:00 GMT – (EUR) German Prelim GDP q/q
- 07:15 GMT – (CHF) PPI m/m
- 08:30 GMT – (GBP) CPI y/y
- 08:30 GMT – (GBP) PPI Input m/m
- 08:30 GMT – (GBP) RPI y/y
- 12:30 GMT – (USD) Core Retail Sales m/m
- 12:30 GMT – (USD) Retail Sales m/m
- 12:30 GMT – (USD) Empire State Manufacturing Index
- 12:30 GMT – (USD) Import Prices m/m
