Global Markets:
- Asian stock markets: Nikkei up 0.77 %, Shanghai Composite fell 0.43 %, Hang Seng lost 0.60 %, ASX 200 rose 0.71 %
- Commodities: Gold at $1308.52 (-0.41 %), Silver at $17.33 (-0.34 %), WTI Oil at $45.92 (-0.09 %), Brent Oil at $50.72 (-0.02%)
- Rates: US 10-year yield at 2.15, UK 10-year yield at 1.03, German 10-year yield at 0.35
News & Data:
- CNY Manufacturing PMI 51.7 vs 51.3 expected
- CNY Non-Manufacturing PMI 53.4 vs 54.5 previous
- NZD ANZ Business Confidence 18.3 vs 19.4 previous
- AUD Private Capital Expenditure q/q 0.8 % vs 0.2 % expected
- EUR German Prelim CPI m/m 0.1 % vs 0.1 % expected
- CHF KOF Economic Barometer 104.1 vs 107.0 expected
- EUR Spanish Flash CPI y/y 1.6 % vs 1.7 % expected
- GBP Net Lending to Individuals m/m 4.8 B vs 5.3 B previous
- USD ADP Non-Farm Employment Change 237 K vs 185 K previous
- CAD Current Account –16.3 B vs -17.3 B previous
- USD Prelim GDP q/q 3.0 % vs 2.7 % previous
- USD Crude Oil Inventories -5.4 M vs -1.8 M previous
- Gasoline hits $2/gallon as Harvey wreaks havoc on refiners, crude stable- RTRS
- Trump touts tax reform, overlooks White House aide Cohn- RTRS
Markets Update:
Asian Equity markets opened on a mixed note early on Thursday. Global Investors rediscovered a taste for the dollar and Asian shares as robust Chinese and U.S. economic data overnight increased appetite for riskier assets globally, even as tensions over North Korea simmered in the background.
USDJPY is currently seen trading around 110.50 as the yen continued to fall for a third straight day losing 0.2 percent against the USD in the session. The data from Japan today was on the disappointing side too as Factory output for July missing estimates ( -0.8 % vs -0.4 % expected)
AUDUSD was pretty much unchanged on the session, the Australian dollar was down less than 0.1 percent to 79.01 against the US Dollar after declining for two days. In comparison, NZDUSD is seen trading below 0.7170 as the kiwi dropped 40 points or so against the US Dollar, mainly due to getting a kick down from the AUD/NZD buyers.
EURUSD is currently seen trading at around 1.1875 as the Euro lost around 0.7 percent against the US Dollar dropping from its top of 1.2069, weighed in part by speculation the European Central Bank might start to protest at the currency's strength. The dollar index. DXY, which tracks the greenback against a basket of six major peers, edged up 0.1 percent to 93.02
Upcoming Events:
- 06:00 GMT – (EUR) German Retail Sales m/m
- 07:25 GMT – (GBP) MPC Member Saunders Speaks
- 09:00 GMT – (EUR)) CPI Flash Estimate y/y
- 09:00 GMT – (EUR) Core CPI Flash Estimate y/y
- 12:30 GMT – (CAD) GDP m/m
- 12:30 GMT – (USD) Unemployment Claims
- 12:30 GMT – (USD) Personal Spending m/m
- 13:45 GMT – (USD) Chicago PMI
- 14:00 GMT – (USD) Pending Home Sales m/m
