Greetings to all - early Asia traders and late Europe & Americas traders (and everyone else I may have missed)!
We leave the US timezone after the biggest S&P500 gain in nearly 4 years. A week ago I posted a clip ... 'Bring out your Dead' ... the feature of which is of course the guy with 'I'm not dead yet'. Quite.
Yesterday we had some stabilization (well ... indices didn't collapse at least) in China equities, which diminished the fear in markets somewhat.
Its not going to soar again anytime soon, but 'not dead yet'.
Eyes will be nervously turned to China again today. If you haven't been joining us in the past weeks of turmoil, these are the times to look out for:
- Just after 0115 GMT we get the PBOC yuan rate fix. yesterday the fix was at its weakest (for the yuan) for 4 years. Devaluations still underway, just a little more quietly.
- Around 0125GMT I'll post up the early indications of where the CSI300 and the Shanghai Composite will open for the session
- 0130GMT the Chinese stock markets will open
OK ... we also have eco data due from Australia and Japan today, and as an added special we get a speech from the Bank of Japan Governor Kuroda:
2300GMT - Kuroda speaks in New York about the Bank of Japan's inflation target (as an aside, tomorrow ... Friday Japan time ... we get the latest CPI data release).
2350GMT - The regular (weekly release) International Transactions in Securities data from Japan
0130GMT - Australia - Private Capital Expenditure for Q2. Stay tuned for a bit of preview post on this
Both of those bolded have potential market impact. Also today I'm expecting
