Morning markets: Activity dulled by oil slide and Fed/BoJ anticipation
- Switzerland: SNB policy meeting (0730 GMT)
- UK: Bank of England policy meeting (1100 GMT)
- Eurozone: July trade balance (0900 GMT)
- Eurozone: Eurozone August CPI (0900 GMT)
- US: Initial Jobless Claims (1230 GMT)
- US: Retail Sales (1230 GMT)
- US: Industrial Production (1315 GMT)
- Australia's unemployment rate has dropped to 5.6% in August from 5.7% in July
- At 5.6% the unemployment rate is the lowest in five years.
- The AUD sold off US0.3¢ on the data but later stabilised at US74.7¢
- NZ's GDP grew by 3.6% in the year to June
- It is a bank holiday in China today
- The global equities selloff continued with Japanese shares falling for a seventh day
- Crude traded below $44/barrel as lower US oil inventories seen as temporary
- Gold for immediate delivery was little changed at about $1,323/oz
- The MSCI Asia Pacific Index was down 0.3% in early trading in Tokyo
- Investors were calm ahead of the Bank of England rate decision.
- At the start of the morning session JPY weakened 0.2% to 102.61 per dollar.
- The NZD was down 0.2% of weaker than expected economic data
- The dollar USD edged up in early Asian trade
From the Floor
Down under. "Aussie jobs report missed expectations – the first job losses in 6 months," Moltke-Leth.
Standing pat. "We had a sterling bounce that's fading now, the BoE isn't expected to act today," Hardy.
Get all the latest from Saxo Bank's trading floors in From the Floor, within the hour.
The US will have three serious sets of data to contend with today - retail sales, industrial output and jobless claims – will any or all of it make a difference, asks James Picerno.
The ASX seems to be stuck with a monkey on its back and it's weighing stocks down. Nothing lately has worked to lighten the load, says the Sydney team at Saxo Capital Markets
Morning Markets goes out on the TradingFloor platform at 0700 GMT, Monday to Friday.
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