• Asian equity markets traded lower across the board after the Labor Day hangover on Wall St amid ongoing trade uncertainty
• In FX markets, the greenback was relatively flat with price action subdued as its major counterparts attempted to nurse losses
• EU's Barnier has deemed PM May's Chequers plan as unacceptable. Separate reports suggest the EU could adjust the Irish border backstop to win UK's approval in Brexit negotiations
• Looking ahead, highlights include EZ, UK services...

• European equities trade mostly lower (Eurostoxx 50 -0.8%), with the core bourses unwinding gains and plunging into the red following a positive open
• A firm rebound in the DXY to almost 95.600 with ZAR hit even harder following an unexpected SA GDP contraction that means technical recession
• Looking ahead, highlights include ISM manufacturing, BoE’s Carney, Haldane, Tenreyro and Saunders, ECB’s Nowotny

WEEKEND HEADLINES FOR US PARTICIPANTS

US...

• Asian equities were choppy with the region indecisive as trade-related concerns lingered and after a non-existent lead from the US
• In FX, the greenback was slightly firmer overnight. AUD was initially pressured by a wider than expected Current Account Deficit, but later found support following the RBA rate decision
• Rees-Mogg claims that he and Barnier, bonded in a meeting over their shared view that May’s Chequers plan is “complete rubbish”.
• Looking ahead, highlights...

• Asian equity markets traded mostly lower with the region cautious heading into an event-packed week
• This followed a lack of breakthrough in last week’s NAFTA related talks between US and Canada. Additionally, the public comment period for the proposed US tariffs on a further USD 200bln of Chinese goods is set to expire by Thursday
• GBP/USD was pressured and briefly fell below the 1.2900 handle on Brexit-related discord with EU’s Barnier said to...

• EU bourses have extended opening losses (Eurostoxx 50 -1.1%) heading into month end as Trump’s trade feuds with the China, EU and Canada sways sentiment
• Major FX pairs are relatively contained. EUR unfazed by soft EZ CPI, GBP awaits Brexit updates and EM once again in focus
• Looking ahead, highlights include Chicago PMI, ECB’s Nowotny and de Guindos

• Asian equities broadly lower with Trump on the warpath amid reports he is to back additional Chinese tariffs, reject the EU’s auto proposals and once again threatens WTO membership
• Losses in most the Asia-Pac region have been stemmed as participants also digested a trifecta of encouraging China PMI data
• Looking ahead, highlights include EZ CPI, unemployment rate, Chicago PMI, ECB’s Nowotny and de Guindos

• European equities are largely on the backfoot (Eurostoxx 50 -0.7%) with underperformance in Germany’s DAX
• In FX, the EUR has retreated after another rally above 1.1700 vs the Greenback on broadly benign German state CPI and Spanish inflation data
• Looking ahead, highlights include German national CPI, US PCE price index, Canadian GDP and ECB’s Weidmann

• Asian equity markets traded mixed as the initial impetus from Wall St was eventually clouded by weakness in China
• In FX, EUR/USD is testing the 1.1700 handle and with GBP/USD at a 3-week high above 1.3000
• Looking ahead, highlights include German state and national CPIs, German unemployment rate, US PCE price index, Canadian GDP, ECB’s Weidmann to speak and supply from Italy

• European equities trade on the backfoot (Eurostoxx 50 -0.5%) with underperformance in Spain’s IBEX (-1.0%)
• The DXY and broad Dollar continue to consolidate off recent lows on the back of Monday’s upbeat US consumer confidence survey
• UK and EU officials are said to view mid-November as the new Brexit deal deadline and are said to view an agreement by October as unlikely
• Looking ahead, highlights include US GDP (2nd estimate), Pending Home Sales, DoEs, and supply from the...

• Asia-Pac stocks traded mixed following the unconvincing performance on Wall St whereby the majors somewhat flatlined
• In FX, CAD was underpinned by trade hopes on reports that Canada was said to be prepared to make concessions on dairy for NAFTA
• UK and EU officials are said to view mid-November as the new Brexit deal deadline and are said to view an agreement by October as unlikely
• Looking ahead, highlights include US GDP (2nd estimate), Pending Home Sales, DoEs, supply from Germany and...

• European equities trade mixed (Eurostoxx 50 -0.1%), UK’s FTSE 100 outperforms as it plays catch-up
• The Dollar has lost more ground vs most G10/major rivals, but remains mixed vs EMs
• Looking ahead, highlights include a speech by ECB’s Praet, and weekly API crude inventories

• Asian equity markets traded mostly higher as the region got a tailwind from US where the S&P 500 and Nasdaq extended on record highs
• In FX markets, the DXY remained below the 95.00 level following a 2-day selldown
• Looking ahead, highlights include a speech by ECB’s Praet, and weekly API crude inventories

• European equities are mostly higher (Eurostoxx 50 +0.2%) as auto names support the continent
• Little respite for the Lira after the Turkish holidays, USD/TRY up around 3% on the day
• Looking ahead, highlights include US National Activity Index and Dallas Fed Manufacturing Business Index. Note: Today is a UK Bank Holiday

• Asian equity markets began the week positive across the board following the record closes for the S&P 500 and Nasdaq Comp on Friday in US
• USD/JPY and JPY-crosses traded choppy in which they initially extended on gains before pulling back while DXY held above the 95.00 level
• Looking ahead, highlights include the German Ifo Survey, US National Activity Index and Dallas Fed Manufacturing Business Index. Note: Today is a UK Bank Holiday

Key Events

• Tentative trade ahead of Fed Chair Powell’s speech at Jackson Hole
• AUD the biggest G10 mover overnight as Morrison sworn in as new Prime Minster
• Looking ahead, highlight include, US durable goods and Fed’s Chair Powell to speak at the Jackson Hole Symposium

• Asian equity markets traded mixed amid a weak lead from Wall St, a lack of progress during US-China trade discussions and a change of leadership in Australia
• AUD was supported as Australian Treasurer Morrison becomes the new PMI
• Looking ahead, highlights include German GDP, US durable goods and Fed’s Chair Powell to speak at the Jackson Hole Symposium

• European equities are largely mixed and trading without direction amidst the fresh US-China tariff action
• FOMC minutes have given the flagging Usd a fillip, along with indirect props from rival currencies that are succumbing to more selling pressure
• Looking ahead, highlights include ECB Minutes, US flash PMIs, US New Home Sales, and US-China trade talks in Washington

FOMC minutes stated trade dispute poses downside risk to the US economy, adding it would soon be appropriate to raise rates

• Former Trump lawyer Cohen pleaded guilty to violating campaign financing laws at the direction of a 'candidate'
• European equities are trading mostly higher (Eurostoxx 50 +0.3%) but DAX capped by Continental guidance cut
• Looking ahead, highlights include Canadian retail sales, US existing home sales, EIA weekly crude inventories and FOMC minutes

• Asian equity markets traded mixed with the region cautious amid Former Trump lawyer Cohen pleading guilty to violating campaign financing laws at the direction of a 'candidate'
• DXY remained pressured and edged closer towards the 95.00 level as its major counterparts held on to this week’s gains
• Looking ahead, highlights include Canadian retail sales, US existing home sales, EIA weekly crude inventories and FOMC minutes

• Trump’s latest tirade on the USD has given FX markets some much needed traction
• European equities trade mostly higher with the FTSE 100 lagging its peers
• Looking ahead, highlights include Brexit talks in Brussels, UK Foreign Secretary Hunt to speak in Washington

• DXY took a hit and retreated below 96.00 following a renewed tirade by US President Trump
• US President Trump also upped the ante on the trade front by stating he has no time-frame for ending the Chinese trade dispute
• Looking ahead, highlights include Brexit talks in Brussels, UK Foreign Secretary Hunt to speak in Washington and UK Trade Secretary Fox to speak and supply from UK and Germany

• European equities accelerated gains (Eurostoxx 50 +0.8%) as sentiment improved across the region amid Friday’s US-China trade developments
• TRY is back under pressure after S&P’s downgrade and no FX Depo auction today, with comments from President Erdogan largely shrugged off
• Looking ahead, highlights include speeches by Fed’s Bostic and ECB’s Weidmann

• Asian equity markets were mostly higher but with gains contained as the region struggled for direction due to a lack of fresh catalysts and as earnings dominated news flow
• FX markets were relatively uneventful amid a lack of data releases or macro drivers, EUR/USD and GBP/USD stall around the 1.1450 and 1.2750 levels respectively
• Looking ahead, highlights include a speech by Fed’s Bostic on the economic outlook