Asia:
02:00am - AUS Melbourne Institute inflation MoM
02:00am - AUS Melbourne Institute inflation YoY
02:00am - NZ ANZ Commodity price
02:30am - ANZ Job advertisements
03:00am - NZ Treasury published monthly economic indicators
Europe:
07:00am - GER Factory orders MoM
07:00am - GER Factory orders WDA YoY
08:30am - GER Markit Germany construction PMI
US:
Nothing of note...
Market Focus this Morning...
Italy Prime Minister Giuseppe Conte says the government has agreed on
the economic and financial program that will be presented in September,
according to a statement sent by text by his spokesperson.
Cabinet examined reform projects aimed at boosting economic growth and social
development
It also discussed changes to macro-economic scenario
No further details were released
- The numbers: The U.S. posted another solid spurt in hiring in July, showing
that companies are still able to find enough workers to meet the growing need
of a rapidly expanding U.S. economy. Some 157,000 new jobs were created last
month despite widespread complaints among businesses about a shortage of
skilled labor.
- China is preparing to retaliate in the escalating trade war with tariffs on
about $60 billion worth U.S. goods.
- The import taxes would range in rates from 5 percent to 25 percent, the
Chinese government said.
- "Any unilateral threat or blackmail will only lead to intensification of
conflicts and damage to the interests of all parties," China's statement said.
- However Trump adviser Larry Kudlow has hinted that the "Chinese may wish to talk" about the trade tariff situation. Kudlow added that the US has more ammunition than China if it comes to a fight.
- SNB's Jordan said there is still room to lower rates if needed.
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