The US 10-year Treasury yield dropped to as low as 2.30 percent on Friday

Good Morning,

- Nothing changes for Euro as still trade around to 1.34 level…

- Asian stocks stalled, as another bout of tensions in the Ukrainian conflict sapped investor confidence. News late on Friday that Ukrainian forces said they had destroyed a Russian military column in Ukrainian territory initially hit US markets, drove down government bond yields and boosted safe-haven currencies, but U.S. stocks recover fast as risk appetite partially returned.

- The US 10-year Treasury yield dropped to as low as 2.30 percent on Friday, lowest since June 2013, in wake of the Ukraine news and last trade at 2.355 percent on Monday morning.

- Credit Suisse on EUR/USD: EURUSD stays sideways for now, but we stay bearish for an eventual break below 1.3333, to test 1.3248. EURUSD stays trapped near-term in its sideways range, but with a large bear “wedge” and “head & shoulders” top in place we stay bearish for an eventual break below the 1.3333 recent low, to see a move on to the November 2013 low at 1.3295 next. Below here should see our target at 1.3248/28 – the 38.2% retracement of the entire 2012/2014 uptrend. We expect this to hold at first for a rebound. Bigger picture, we stay bearish for 1.3025/20. Near-term price and 21-day average resistance lies at 1.3416/22. Above 1.3445 remains needed to see a small base to target trendline resistance at 1.3461, where we would expect fresh sellers to show. CS maintains a short EUR/USD position with a stop at 1.3553 and a target at 1.3250.

- Bank of England Governor Mark Carney said in a newspaper interview he would not have to wait for real wages to turn positive before raising interest rates. Carney signalled during the Bank's quarterly inflation report on Wednesday that it remains on course to raise interest rates from 0.5 percent early next year but only if wage growth picks up. He told the Sunday Times: "We have to have the confidence that real wages are going to be growing sustainably (before rates go up). We don't have to wait for the fact of that turn to do so." He also warned that some British banks may have to raise extra capital

- Australia’s misery index -- the sum of unemployment and inflation rates -- is at 9.0, the highest since 2008, when the collapse of Lehman Brothers Holdings Inc. froze credit markets around the world

- China's new home prices fell in July for a third straight month with price declines spreading to a record number of cities including Beijing, underlining a worsening property downturn that is increasingly dragging on the broader economy. Average home prices slipped 0.9 percent in July on a monthly basis, Monday's data showed, as the declines spread to the largest number of cities since January 2011, when authorities started releasing the property price data.

- China attracted $7.81 billion of foreign direct investment in July, down 16.95% from a year earlier, the Ministry of Commerce said in a statement Monday. The figure was down from June's $14.42 billion, which was 0.2% higher from a year earlier. FDI in the January-July period fell 0.35% on year to $71.14 billion. Over the same period, non-financial overseas direct investment rose 4% on year to $52.55 billion. That compared with an on-year decline of 5.0% in the first six months of this year.

- Russia widens rouble basket range to 9 roubles from 7, reduces threshold for moving rouble corridor to $350m from $1bln won’t intervene when rouble inside corridor plans to complete shift to free floating rouble this year doesn’t see immediate or significant effect on rouble rate.

Have a nice Week!