LIVE ECON DATA NEWS & ANALYSIS

MARKET ANALYSIS:

Day Trading Talking Points:

• Possible Geopolitical risks creep back today. read this zerohedge article
• Jackson Hole is under way but will hardly carry the thunder it did over the last 4 years
• E-zone PMI's were a beat yesterday excluding France and likely only b/c of Germany's print 
• Prepayment of ECB's 3yr LTRO
• Key Data Prints today include: DE import/export /UK GDP & more / US New Home Sales

LIVE ECON DATA:

Real Time Economic Calendar provided by Investing.com

SPEAKERS & AUCTIONS:

Jackson Hole //

SUMMARY:

This will be Gilt's and Short Sterling's day to shine or not. Aside from UK data there is not much on tap. Look out for any surprises coming from Jackson Hole.

GLOBAL MACRO THEMES:

FED Tapering in Sept / Debt Ceiling / Student Loans and Muni's Defaults / Eurozone Dysfunctionality / China Slowdown / Japan's Money Printers / UK Improving on higher inflation and falling wages / EM Slowdown in Full Swing

HEADLINES:

Summary: There is a slight Risk On sentiment to start the E.U session open. We are starting to see a shift back towards real fundamentals and the forecast towards sustainable growth. Those of you not trading emerging markets we aware of the huge losses taking place and the extreme volatility as fund performance and re-balancing will make its way back into the general market place like it or not.

Today's Trading News:

Asian Stocks Rise, Paring Weekly Slide, on Economic Data - Bloomberg

Moody’s Mulls Downgrade of Biggest Banks as U.S. Support Wanes - Bloomberg

Five speakers to pay attention to at Jackson Hole - Market Watch

Global Macro News:

Pentagon Weighs Firing Thousands Under 2014 Spending Cuts. - Bloomberg

Central-Bank Moves Blur the View - WSJ

France is Most Overvalued RE Market in World Based on Income. - Valuewalk

Is the Fed setting the stage for another financial crisis — in Asia? - The Week

Emerging markets central banks’ emergency reserves drop by $81bn. - FT