Monday, September 5, 2016

Odds for Fed rate hike ease towards the end of the week as NFP number comes in lower than market expectations


Good Morning,

Highlights of the week:-

·         Odds for Fed rate hike ease towards the end of the week as NFP number comes in lower than market expectations
·         Downward revision to the Eurozone final August manufacturing PMI raises questions about the effectiveness of monetary policy
·         Japanese officials are clearly still frustrating with the weak growth in the economy
·         RM trades on depreciation bias to be the worst performing Asia-ex Japan currency
·         Local govvies see yields rise across the board

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