• Stocks in Asia are trading mostly lower. Nikkei fell 1.7%, S&P/ASX 200 dropped 0.2%, while Kospi is closed due to a bank holiday. Indices from China trade mixed
  • DAX futures point to a slightly lower opening of the European cash session
  • Industrial production in China rose 6.4% YoY in July, the lowest rate in 11 months, and below expectations of a 7.8% rise
  • China July house prices 4.6% y/y vs +4.7% prior
  • PBOC injects 600B yuan via one year Medium-term Lending Facility (MLF)
  • Japan Q2 prelim GDP rose 0.3% q/q  while market expected 0.2% rise
  • Melbourne lockdown will be extended for another two weeks
  • US 10-year Treasury yields fell to 1.248%, the lowest level since end of July
  • Bitcoin trades above $47,000, Ethereum topped $3,200
  • Oil drops around 1% while precious industrial metals trade lower
  • JPY and NZD are the best performing major currencies while AUD and CAD lag the most