• Fed's Waller (voter, dovish dissenter) said the time has come to move policy to a more neutral stance and he would support a 25bps cut at the September meeting and anticipates additional rate cuts over the next 3–6 months.
• Fed Governor Cook’s lawyers suggested an unintentional “clerical error” may have been behind the mortgage dispute over which President Trump wants her fired. It was separately reported that the judge in Fed's Cook lawsuit set the hearing for this Friday at...

• Asian equity markets struggled for firm direction following the mixed lead from Wall St where most major indices eventually saw some composure
• US President Trump said he doesn't think China will retaliate to an increase in tariffs and understands the September meeting between negotiators is still on
• Fed Chair Powell reportedly banned Fed staff from any public appearances and is determined not to fuel the struggle between an independent Fed and President...

• Asian indices are weaker as the region follows the subdued lead from Wall St. and ahead of a long weekend
• Reports suggest US & China have set a tentative trade talks timeline; with a deal potentially to be signed as early as late May
• Looking ahead, French, German, EZ, & US PMI (Flash) UK & US Retail Sales, US Initial Jobless Claims & Business Inventories, US Philly Fed Business Index, Fed’s Bostic, Supply from...

• Mon: US Construction Spending (Dec)
• Tue: RBA, Spanish Parliament dissolves, EZ final PMIs, EZ Retail Sales, US ISM non-Mfg, PMIs, US New Home Sales (Dec)
• Wed: BoC, Fed's Beige Book, Aussie GDP, US & Canada Trade Balance (Dec), US Factory Orders, US New Home Sales (Jan)
• Thu: ECB, Aussie Retail Sales & Trade Balance, US & Canada Trade Balance (Jan)
• Fri: US & Canadian Labour Market Report

14th September 2018

• Surprise UK Industrial Output miss reverses GBP early rise, German ZEW conditions miss hits EUR
• European equities largely higher following in step with Asia in a news-thin morning
• Looking ahead, highlights include, APIs and ECB’s Lautenschlaeger

• Asian equity markets traded mostly higher on the momentum from Wall St where the DJIA notched its best performance in a month
• The head of the Conservative 1922 Committee indicated that he did not receive the 48 letters required for a leadership challenge
• Looking ahead, highlights include Norwegian CPI, UK monthly GDP, output, trade, German ZEW, APIs, ECB’s Lautenchlaeger

• UK agrees on white paper proposal with Dominic Raab announced as new UK Brexit Secretary; David Davis resigns
• European Equities in the green but FTSE underperforms on a stronger GBP
• Looking ahead, highlights include, ECB’s Praet, Draghi and Fed’s Kashkari

• Asian stocks began the week higher across the board as the region followed suit to Wall St’s performance on Friday
• UK Brexit Secretary Davis resigned, stating that PM May’s policy is now more likely to break the manifesto pledge and leaves the UK in a weak negotiating position
• Looking ahead, highlights include German trade, ECB’s Praet, Draghi and Fed’s Kashkari

• Norges Bank to publish its rate decision and new economic projections at 09:00 BST
• Rates expected unchanged
• Growth, inflation profiles may be revised up
• Central bank expected to stick to its hawkish stance