Today we are taking a look at:

  • The USD strengthens and US rates kick up as The White House is reported to favour a more hawkish Taylor for the Fed chair, and SAGBs open weaker in line
  • Foreign Exchange markets medium term focus now on December FOMC
  • Oil maintains the rally due to concerns over Brent production and gold loses ground due to diminished safe-haven demand
  • The Top40 closed up 0.5%, European markets were mixed and Wall Street grinds to a new high
  • Eurozone trade surplus widens in August
  • Foreign flows post surprising turn, with sharp equity inflows and small bond market outflows for the MTD