Soon. Hopefully. Maybe?
Euro tagged 1.1997 overnight. Currently sitting at 1.1990.
Just like supporting Arsenal, it's the hope that kills you...
A mixed overnight session to start the month.
ASX was down by 2%, recovering slightly to -1.5%.
European markets are set for a positive open.
Overnight PMI's continued to show improvements.
New export orders increasing in China is a positive sign for global demand and the overall increase in production should lead to an increase in employment over time.
South Korea's exports contracted by 9.9% YoY, beating expectations of an 11.5% contraction.
Overall, there's an ongoing theme of gradual improvement, but still a long way to go to return to previous levels of activity.
Snapshot of the overnight data
The RBA decision was as expected.
They increased the size of the term funding facility, and extended the cut off date until June 2021.
Full statement here;
The stimulus sage will continue to rumble on...
There may be a new bill introduced.
This state funding issue has been the main sticking point since day one.
Meadows has already said that
...he is not optimistic about reaching a new coronavirus relief deal before the end of September, predicting House Speaker Nancy Pelosi will use the government funding cliff at the end of next month as leverage to strike a deal on pandemic aid.
So, we might be in for another month of this, although it is possible that they decide to agree something before the deadline hits.
Right, let's see what today has in store for us...