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Market Summary

Market Briefing

Data from the New York Federal Reserve showed U.S consumers expectations sliding in August and workers growing more pessimistic about their job situation, supporting the case for further interest rate cuts from the fed.

Gold prices dropped to a two-week low on Monday, with the precious metal briefly falling below $1500 after U.S bond yields pushed investors toward stocks, oil and other risky assets.

On Monday U.S Secretary of State Mike Pompeo said he was looking forward to completing a trade agreement between U.S and Japan at the United nations general Assembly later this month.

Oil hits Near 6-week high after Saudi King Salman appointed one of his own sons to run the most important ministry in the country that leads OPEC.

The pound rallied to the highest since July after Johnson said he would “overwhelmingly prefer” to get a deal by October. The currency had already been strengthened by better-than-expected data.

GBP/USD Gained 0.8% to 1.2385, the highest since July 29th.

Gold Down 0.2%, with a session low of $1,497.73, marking the first time under $1500 since Aug.23.

Today’s News

Server TimeHK TimeCurrencyDescriptionExpectation
4:309:30CNYCPI y/y2.6%
11:3016:30GBPAverage Earnings Index 3m/y3.7%
9th-15th CNYNew Loans1200B

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