Todays Markets

Bloomberg: Pound Investors Face Months of Volatility Into Brexit Endgame
The next few months are going to be fun for pound traders. Sterling’s volatility left political pundits scratching their heads last week, as European Union Chief Negotiator Michel Barnier’s promise to offer the U.K. an unprecedented partnership sent the currency soaring more than 1 percent even though he had said it before. [more...]

Bloomberg: Stocks Start Month With Losses; Dollar Holds Gain: Markets Wrap
Asian stocks began September with declines, while the dollar held on to its recent rally as investors assessed the outlook for trade and whether turmoil in some emerging markets can be contained. The pound slid as the chief European negotiator on Brexit said he strictly opposed the U.K.’s current proposal. [more...]

Bloomberg: Five Things You Need to Know to Start Your Day
Treasury bill rates are in the spotlight, HNA might need to slim down even more and Theresa May said she won’t let there be another vote on Brexit. Here are some of the things people in markets are talking about. [more...]

Bloomberg: Australia House Prices Fall for 11th Month as Downturn Deepens
Australian housing prices fell for an 11th straight month in August, and further declines are likely as the peak selling season starts. National dwelling values dropped 0.3 percent last month, led by declines in Sydney and Melbourne, according to CoreLogic Inc. data released Monday.  [more...]

Bloomberg: China's Consumers Are On Point to Defend Economy From Trump
For the growth driver that will keep the world’s second largest economy on track this year, look beyond Beijing or Shanghai. Life for many in China’s most sophisticated consumer markets is getting harder, with soaring rents gnawing at disposable incomes. [more...]

Bloomberg: Smart Money Sees China Bear Market Lasting: JPMorgan Survey
China’s institutional investors aren’t counting on recouping this year’s equity losses any time soon, according to a JPMorgan Asset Management survey last month. [more...]

Bloomberg: Funding Circle Plans to Proceed With Initial Public Offering
Funding Circle Ltd., Britain’s biggest online loan provider, plans to proceed with an initial public offering on the London Stock Exchange, the latest test for Europe’s maturing fintech sector. [more...]

Bloomberg: Secret Oil Shipments Could Help Iran Cushion U.S. Sanctions Blow
Discounts, bartering and smuggling are among the tactics Iran may lean on to keep almost 800,000 barrels a day of its oil exports flowing after U.S. sanctions resume in November. [more...]

Bloomberg: Turkey to Set Tone Again for Emerging Markets This Week
Events are likely to unfold quickly for emerging markets this week following the battering some currencies suffered in August. Monday alone sees the release of Turkish inflation data and the unveiling of a new fiscal plan in Argentina. [more...]

Reuters: Asian stocks dip on trade, emerging market woes
Asian stocks dropped for the third consecutive session on Monday, hit by worries over further escalation of the U.S-China trade war and unstable emerging market currencies. [more...]

Reuters: Dollar holds firm on escalating global trade tensions
The dollar held firm on Monday, benefiting from its status as a safe haven as investors took the impasse in U.S.-Canada trade negotiations as a bad sign for the even trickier talks between the United States and China. [more...]

CNBC: Another weak data point shows China's economy is 'now facing relatively obvious downward pressure'
A private manufacturing survey hit a 14-month low in August as the Caixin/Markit Purchasing Manager's Index (PMI) came in at 50.6 — the weakest since June 2017. [more...]

CNBC: Global trade tensions are likely to get even worse after the US midterms, expert says
Washington is going to lose the ability to get anything done if the Democrats seize control of the House during the midterms, and the situation on trade will only get worse, not better, according to businessman and trade expert Steven Okun. [more...]