23:45am - NZ Net Migration (5090)
00:30am - Japan CPI YoY (0.7%)
01:30am - Japan Nikkei PMI Mfg (53.1)
04:00am - NZ Credit Card Spending MoM (-1.6%)
05:30am - Japan All Industry Activity Index
Europe:
07:45am - French GDP
08:00am - French Markit PMI
08:30am - German Markit PMI
09:00am - Eurozone Markit PMI
US:
13:30pm - Canadian Retail Sales
13:30pm - Canadian CPI
14:45pm - US Markit PMI
Market Focus this Morning...
- Fed's Kashkari says uncertain if tax cuts will lead to sustainable growth and doesn't see any signs of overheating
- President Trump 'think we will even go higher than' 4% GDP growth in the US
- China and the US are making an effort to avert tariff implementation, with China engaging the US to de-escalate a trade war
- BoE's Chief Economist Haldane switched his vote to support a rate hike in the UK with a 6-3 vote now for no rate change at 0.5%. BoE won't consider reducing QE debt until the bank rate hits 1.5%
- UK's Hammond said at Mansion House the UK and EU financial services must be deeply connected, adding the Treasury is not the 'enemy of Brexit'
- BoE's Carney said the BoE is preparing for a new global system with UK banks resilient enough for a disorderly Brexit
- ECB's Weidmann said ending QE is the first step of multi-year normalisation and it will take 'some time' until deposit rates exceed 0%. He is convinced the ECB is finally reaching its inflation goal.
- Italy's Salvini could threaten to close Italian borders if no EU action on immigration.
- Italy names euroskeptic Bagnai as new head of senate finance committee.
- Japan's LDP party to hold its leadership elections on the 20th September
- Norges Bank will most likely raise rates in September 2018
- SNB left rates unchanged at 0.75%
- Mexico's central bank raised rates to 7.75% from 7.50%.
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