Headlines:
Markets:
- AUD leads, JPY lags on the day
- European equities higher; S&P 500 futures up 0.2%
- US 10-year yields flat at 4.239%
- Gold flat at $1,914.73
- WTI crude down 0.2% to $79.70
- Bitcoin down 0.3% to $25,951
It was a quiet session with London out on holiday today, so there wasn’t much to work with for European traders as the flows were light. Jackson Hole didn’t deliver much in any case, so markets are left to their own devices to start the new week.
There was little appetite among major currencies on the day, with the dollar keeping steadier and mostly little changed in narrow ranges.
In the equities space, Asian stocks rallied initially as China provided some relief measures for investors. Chinese indices opened up 5% higher but saw gains fizzle to end the day just barely 1% higher.
US futures kept a little higher on the day at least, helping to breathe a calmer mood to the general equities space. And with month-end approaching, it will make things a little trickier to navigate in the days ahead. We’ll see if the selling will hit again later in Wall Street today.