Asia:
06:00am - Japan Leading index
06:00am - Japan Coincident index
Europe:
08:00am - Spain PPI MoM
08:00am - Spain PPI YoY
09:00am - Germany IFO Business climate
09:00am - Germany IFO Expectations
09:00am - Germany IFO Current Assessment
13:15pm - Italy Fin Min Tria speaks in Rome
US:
13:30pm - Chicago Fed Nat activity
15:00pm - Canada Bloomberg Nanos confidence
15:00pm - U.S. New home sales
15:30pm - U.U. Dallas Fed Manf activity
Market Focus this Morning...
- Turkey’s lira climbed after Recep Tayyip Erdogan claimed victory in the weekend’s election.
- Japanese stocks turned lower as the yen rose, and shares also declined in Hong Kong and Australia in wake of reports the Trump administration is preparing new curbs on Chinese investments
- Trade tensions between the world’s two-largest economies that have rattled markets and sent money pouring out of emerging markets this month are set to remain at the forefront of investors’ attention.
- Trade tensions saw the US Ten yr note open up after the weekend break to put in a high of 120-03
- Equity markets also dropped as the 'risk off' sentiment hit the mkts.
- China cuts RRR for some banks by 0.5% (cuts near term had been widely expected).
- ECB Executive Board member Peter Praet says in interview with Portugal’s Expresso that interest rates will remain at current levels "as long as necessary to ensure that inflation developments remain in line with current expectations of a sustained adjustment path."
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