Headlines:
- Japan senior lawmaker says took Ueda's remarks to mean BOJ will continue with easing
- BOE's Breeden: The risks to inflation around August forecast are to the upside
- UK August payrolls change -1k vs 97k prior
- Germany September ZEW survey current conditions -79.4 vs -75.0 expected
- Germany August wholesale price index +0.2% vs -0.2% m/m prior
- Spain August final CPI +2.6% vs +2.6% y/y prelim
- US August NFIB small business optimism index 91.3 vs 91.9 prior
- Bitcoin jumps as BOE policymaker says better to regulate crypto under financial services
Markets:
- USD leads, GBP lags on the day
- European equities mixed; S&P 500 futures down 0.3%
- US 10-year yields flat at 4.290%
- Gold down 0.5% to $1,911.96
- WTI crude up 0.7% to $87.88
- Bitcoin up 3.8% to $26,034
It was a relatively slow and quieter session in European trading today, after all the fuss surrounding the surge in the Japanese yen and bond yields yesterday.
The dollar, which saw a drop yesterday, is seen advancing on the day as we see USD/JPY also move back towards the 147.00 mark. EUR/USD is down 0.3% to 1.0710 while GBP/USD is down 0.4% to 1.2460, following a less than ideal UK jobs report for the BOE.
In the equities space, risk tones were calmer earlier but are seen retreating slightly now with US futures moving lower. That is keeping European indices in check after slight gains at the open, with the bond market looking little changed on the day.
All in all, it was a bit more of a placeholder session, as the countdown to the US CPI report tomorrow continues.
