Today we are taking a look at:

  • The PBOC weakened the currency so we see a risk off in EMFX across the board and SAGBs open up weaker
  • USD surges relative to emerging markets
  • Oil resumed its decline as demand fears deepened after Trump threatened to slap more tariffs on China. Futures lost 1% after closing up 3.2% in the previous session
  • S&P 500 futures down more than 1% while the Nikkei and Hang Seng both declined more than 2%
  • US nonfarm payrolls disappoint but wage growth accelerates, Eurozone retail sales sharply higher in JuneDailyMarketCommentary5.08

If you are looking for more relevant market commentary, have a look at our other Markets and Research.