Asia:
02:30am - AUS BoP Current a/c balance (-A$13.5t)
05:30am - RBA Cash rate target
10:30am - AUS Remarks by Gov Lowe in Perth
Europe:
00:01am - UK BRC like-for-like sales (0.2%)
09:30am - UK Markit/CIPS UK Construction PMI
10:00am - EU PPI MoM
10:00am - EU PPI YoY
13:15pm - BOE's Carney, Haldane and Tenreyro speak before lawmakers
US:
14:30pm - CAN Markit manf PMI
14:45pm - US Markit manf PMI
15:00pm - US Construction spending MoM
15:00pm - US ISM Manf
15:00pm - US ISM Employment
15:00pm - US ISM Prices paid
15:00pm - US ISM new orders
Market Focus this morning...
- Markets were stuck in tight ranges as the U.S. enjoyed Labor day bank holiday.
- Auto stocks are among the worst performers amid the very real possibility of higher tariffs between the US and EU.
- UK stocks have provided a bright spot however following a sharp drop in the pound after EU Brexit Minister Barnier rejected UK PM May’s Chequers Brexit proposals.
- President Trump tweeted... @realDonaldTrump - Happy Labor Day! Our country is doing better than ever before with unemployment setting record lows. The U.S. has tremendous upside potential as we go about fixing some of the worst Trade Deals ever made by any country in the world. Big progress being made!
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