There is not a lot on the data agenda today from Asia, apart from Australia (coming up). Its likely to be another day led by developments in China, though barring major shocks the half-life of Chinese news seems to be diminishing.

Markets can be like a whole bunch of headless chooks sometimes ... which is not necessarly a bad thing ... but for the time being the heads are becoming attached again and panic is subsiding.

I digress. Here's what's coming up today.

2301GMT - UK - BRC Shop Price Index for August (expected is -0.2% y/y, prior was -1.4%)

2350GMT - Japan - August Money Supply

  • M2, expected is +4.1% y/y and prior was also +4.1%
  • M3, expected is 3.3%, prior was 3.3%

0500 and 0600 GMT from Japan we get Consumer Confidence index (August, expected is 40.5, prior was 40.3) and then Machine Tool orders (August, preliminary; prior was +1.7%)