· Depressed global yields and divided Fed officials as highlighted in the US July FOMC min

Good Morning,

Highlights of the week:-

·         Depressed global yields and divided Fed officials as highlighted in the US July FOMC minutes lead to massive sell-down of USD ·         Brent oil price closes above US$50/barrel for the first time since 4th July 2016 ·         Japan MoF Minister Asakawa says that the market is being watch for "any speculative moves" while threatening intervention if movements became extreme ·         Ringgit closes higher against USD  as demand for local assets – bond and equity remain robust ·         Local govvies register higher trading volume in response to the news of 7- and 10-year benchmark GII to be included in the JP Morgan’s GBI-EM bond index