BRUSSELS: Stock markets stabilized or bounced back in Asia following Tuesday’s PBoC rate cuts; risk aversion recedes
Market sentiment still remains fragile amid increase global volatility; Focus shifting to the Fed’s Jackson Hole symposium this weekend for rate guidance
Sweden Aug Consumer Confidence (beat): 100.1 v 97.4e; Manufacturing Confidence (beat): 104.8 v 104.4e; Economic Tendency Survey: 104.5 v 103.0e. Sweden July Trade Balance (SEK): 0.4B v 4.0Be
Norway Jun AKU Unemployment Rate (miss): 4.5% v 4.3%e
July BBA Loans for House Purchase (in-line): 46.0 K v 46.0Ke (7th straight MoM improvement and highest since Feb 2014)
India sold INR140B indicated in 3-month and 6-month Bills (INR90B and INR50B respectively)
ECB allotted $135M in 7-day USD Liquidity Tender at 0.62% vs. $132M prior
Sweden sold SEK17.5B vs. SEK17.5B indicated in 3-month and 6-month Bills
Norway sold NOK3.0B vs. NOK3.0B indicated in 1.75% 2025 bond; Yield: 1.46% v 1.86% prior, Bid to cover 1.88x v 1.71x prior
Italy Debt Agency (Tesoro) sold €3.0B vs. €3.0B indicated in 0.0% Feb 2017 CTZ; Avg Yield: 0.166% v %0.204 prior; Bid-to-cover: 1.57x v 1.83x prior
