Morning Markets: USD higher, EU bites into Apple
- Eurozone: Business Climate Indicator (0900 GMT)
- US: Consumer Confidence Index (1400 GMT)
- UK: Gfk Consumer Confidence Index (TBD)
- Japan's jobless rate hit a 21-year low, falling to 3% in July
- Its household spending fell 0.5% in July from a year earlier, (minus 1.3% was expected)
- Separate data showed Japanese retail sales slid 0.2% in July from a year earlier
- Asian markets opened mixed with the Nikkei down 0.15%, while the Kospi was up 0.65%
- The ASX 200 was up 0.46% in early trade
- RBNZ's assistant governor says he doesn't think zero rates will be required
- Australian building approvals surged 11.3% in July versus 1.1% expected
- NZ building consents slipped 10.5% in July following a spike in June
- The Aussie dollar has risen slightly against the USD; it was worth 0.7566 at 0230 GMT
- The yen strengthened and in early trade was 101.75 against the dollar
From the Floor
USD vs CNY: "The ongoing Fed hike talk is bringing the CNY back into focus," says Van-Petersen
Safe-haven no more? “We are seeing some spring-loaded potential in USDCHF,” says Hardy
Get all the latest from Saxo Bank's trading floors in From the Floor, within the hour.
While the jury is still out on business sentiment in Europe, US confidence is expected to hit its highest level so far this year, writes James Picerno.
Aussie index up
The ASX200 has enjoyed a modest bounce courtesy of the banks and miners, writes the team at Saxo Capital Markets (Australia).
The probability of a September rate hike in the US has now fallen to 36%, writes the team at Saxo APAC Sales Trading.
Morning Markets goes out on the TradingFloor platform at 07:00 GMT, Monday to Friday.
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