Things To Look Out For Today - Events & Data (Ldn Times)...

Asia:
22:00pm  - NZ REINZ House Sales YoY (-1.6%)
23:45pm  - NZ CPI YoY (1.5%)
12:30am  - Aussie ANZ Roy Morgan Wkly (121.5)
02:30am  - Aussie RBA July Meeting Minutes
02:30am  - China New Home Prices MoM (1.11%)
Europe:
09:00am  - Italy Industrial Orders
09:00am  - BoE's Carney, Cunliffe, Stheeman
09:30am  - UK Employment Data
10:00am  - Italian CPI
US:
13:30pm  - Canadian Manf. Sales
14:15pm  - US Industrial Production
15:00pm  - US NAHB Housing Market Index
15:00pm  - US Business Inventories
15:00pm  - Fed's Powell Semi-Annual Testimony
Market Focus this Morning...
- RBA's July meeting Minutes said the next move in cash rate is more likely to be an increase than a decrease but there remained there was no strong case for near-term adjustment in monetary policy.
- Fed's Kashkari, (non-voter, dove), says policymakers are focused on the flattening of the yield curve; Kashkari is unsure whether the flattening yield curve signals a recession ahead but that the flat yield curve means interest rates are close to neutral.
- UK House of Commons voted 318 to 295 to approve the third reading of the Cross Border Tax Bill, with amendments, which progresses to the House of Lords
- UK PM May spokesperson says there is not going to be a second referendum on Brexit under any circumstances
- ECB Weidmann has warned Merkel cabinet of rising risks to German economy. Govt needs to prepare for worsening times because ECB has limited scope to react to downturn given lack of policy normalization
- Putin says he reiterated Russia doesn't meddle in US politics
- IMF cuts Eurozone 2018 growth forecast to 2.2% vs 2.4% in April and adds risks to global growth is rising as trade tensions grow.
- Atlanta Fed GDPNow (Q2) revised to +4.5% from +3.9%
- Italy's European Affairs Minister Savona proposed on Monday that Italy should boost investments by about €50 bln and called on the EU to back the plan instead of insisting on deficit reduction.
- Greek government mulling May general elections
- Glut of property hits UK housing market in July according to Rightmove.
- Goldman Sachs still sees oil testing $80, but late this year rather than over summer as previously predicted