• US President Trump said the renewed campaign against Iran would not continue for too long and that oil prices would come down; Trump added the US was prepared to conduct another attack on Iran.
  • US President Trump said he has very productive things to talk about with China President Xi, adding it "Will be very exciting and great".
  • Crude futures lacked firm direction after marginally gaining in two-way trade yesterday amid somewhat mixed comments from US President Trump.
  • USD/JPY extended on the prior day's decline with the pair breaching the 158.00 level to the downside after the Japanese currency was supported on Wednesday.
  • APAC stocks eventually traded mixed after initially posting gains; European equity futures indicate a marginally negative open.
  • Looking ahead highlights include Swiss CPI (Aug), GDP (Aug), Global S&P Services and Composite PMI Final (Aug), EU PPI (Jul), US Challenger Layoffs (Aug), Trade Balance (Jul), Jobless Claims, ISM Services PMI (Aug), Atlanta Fed GDP (Q3), Canadian Trade Balance (Jul). Speakers include Fed’s Waller, Hammack & Goolsbee, RBA’s Jones & Hunter. Supply from Spain & France.

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