The Day Today 8th August 2019

– Chinese exports rose 3.3% YoY, expectations were for a fall of 2%
– PBoChina USDCNY fix 7.0039, first time in ten years
– RBNewZealand assistant central bank governor still dovish despite shock rate cut yesterday, “there’s some probability…we will need to reduce the OCR”
– Philippines growth 5.5%, slowest in four years, stoking rate cut prospects
– Japan approves shipment of key computer chip material to South Korea, easing trade tensions
– Huntsman (US) sells two businesses to Indorama Ventures (Thailand) for $2bn
– Broadcom back in talks to buy Symantec enterprise business for $10bn

US equities closed higher US Treasuries slipped despite concerns over global growth. Most Asian equity markets were also higher.

The Week That Will Be includes earnings from Uber, Viacom, Adidas, Aviva

On this day in 1963 the Great Train Robbery took place where the robbers made off with £2.6 million, equivalent to £53.5 million today

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