- On Tuesday, US equity futures struggled to gain traction as traders awaited a slew of economic data over the next few days, keeping the Federal Reserve's data dependency in mind.
- Contracts on the S&P 500 and Nasdaq 100 were volatile, implying that US stocks will struggle to build on Monday's solid gains. Treasury yields and the dollar remained stable.
- Despite this week's gains, global stocks are on track for their worst month in nearly a year as policymakers continue to strive to keep inflation under control. After Federal's Powell reiterated last week in Jackson Hole that the central bank is ready to raise rates further if the data suggests it is appropriate, economic reports are taking on even more importance than usual.
- Miners led the STOXX Europe 600 index higher after China signalled additional measures to support its economy. The German 10-Yr yield fell three basis points to 2.54%, as European bonds gained.
- The UK stock market outperformed when it reopened after the holiday on Monday. The British pound edged higher after the slowest increase in grocery bills in nearly a year drove down retail inflation in August, relieving some of the pressure on the Bank of England to continue raising interest rates.
- Country Garden seeks to add grace period for maturing yuan bond.
- RBA's Bullock: We may have to hike rates again, but we're watching data carefully.
- China banks consider more deposit rate cuts to boost growth.
- China will cut rates on existing mortgages as soon as today.
