General trend

- NZD pared rise as medium-term inflation expectations slowed.

- CN trade components were mixed.

- Chinese markets opened slightly lower.

- Nikkei 225 rises ahead of earnings from SoftBank Group; Other companies expected to report earnings include NTT, Tokyo Electron, Inpex, Kirin, Yamato Holdings.

- Australian companies decline after issuing earnings reports [Aurizon, Suncorp]; OZ Minerals rallies on takeover offer from BHP.

Headlines/Economic data

Australia/New Zealand

- ASX 200 opened -0.1%.

- (NZ) New Zealand Q3 Inflation Expectation Survey (2-year outlook): 3.1% v 3.3% prior.

- (AU) Australia sells A$300M v A$300M indicated in 3.75% Apr 2037 bonds; Avg Yield: 3.3974%; bid-to-cover: 2.22x.

Japan

- Nikkei 225 opened -0.5%.

- (JP) Japan June BoP Current Account: -¥132.4B v -¥706.2Be; Adj Current Account: +¥838.3B v -¥27.6Be.

- (JP) Japan July Bank Lending Y/Y: 1.8% v 1.3% prior; Bank Lending (ex-trusts) Y/Y: 2.1% v 1.5% prior.

- (JP) Bank of Japan (BOJ) offers to buy 5-10 year JGBs at fixed rate of 25bps; Opens window to buy unlimited amount of 10-year JGBs at 0.25% [as expected].

- (JP) Japan Fin Min Suzuki: Aware of the news report of reappointment as Fin Min, denies any conversation on reshuffle.

Korea

- Kospi opened -0.4%.

- (KR) South Korea sells 3-year bonds: Avg yield 3.135% v 3.360% prior.

- (KR) Bank of Korea (BOK) Sells KRW1.0T v KRW1.0T indicated in 3-month Monetary Stabilization Bonds (MSB): avg yield 2.415% v 2.350% prior.

China/Hong Kong

- Hang Seng opened -0.7%; Shanghai Composite opened -0.3%.

- (CN) China Senior Diplomat Wang: China's actions [near Taiwan] are aimed at safeguarding China's sovereignty, Taiwan is a part of China and no other country.

- (CN) China July trade balance: $101.3B V $88.1BE.

- (CN) China July trade balance: (CNY-denominated): 682.7B V 600.0BE.

- (CN) China PBOC sets Yuan reference rate: 6.7695 v 6.7405 prior.

- (HK) Hong Kong Chief Exec Lee: Confirms easing quarantine restrictions for travel to 3 days. from 7 days prior.

- (HK) China names Sonny Au as the new chief for committee for safeguarding the national security of Hong Kong.

- (CN) Fitch report: Multiple Sectors in China Vulnerable if Property-Market Distress is Extended.

- (CN) China Military confirms it will continue military drills near Taiwan on Aug 8th.

North America

- (US) US Senate passes ~$430B Climate Change, Tax, and Drug bill.

Europe

- (UR) Ukraine President Zelenskiy: If Russia performs referendums in occupied areas on joining Russia, there will be no talks.

- (UK) UK largest container port Felixstowe's workers said to hold an eight-day strike on Aug 21-29th - press.

Levels as of 01:10 ET

- Nikkei 225, +0.3%, ASX 200 +0.1% , Hang Seng -0.7%; Shanghai Composite +0.2% ; Kospi +0.1%.

- Equity S&P500 Futures: flat; Nasdaq100 +0.1%, Dax +0.2%; FTSE100 +0.1%.

- EUR 1.0187-1.0159 ; JPY 135.58-134.93 ; AUD 0.6958-0.6897 ;NZD 0.6260-0.6228.

- Gold -0.2% at $1,787/oz; Crude Oil +0.2% at $89.23/brl; Copper -0.2% at $3.5455/lb.

All information provided by Trade The News (a product of Trade The News, Inc. "referred to as TTN hereafter") is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Although information is taken from sources deemed reliable, no guarantees or assurances can be made to the accuracy of any information provided. 1. Information can be inaccurate and/or incomplete 2. Information can be mistakenly re-released or be delayed, 3. Information may be incorrect, misread, misinterpreted or misunderstood 4. Human error is a business risk you are willing to assume 5. Technology can crash or be interrupted without notice 6. Trading decisions are the responsibility of traders, not those providing additional information. Trade The News is not liable (financial and/or non-financial) for any losses that may arise from any information provided by TTN. Trading securities involves a high degree of risk, and financial losses can and do occur on a regular basis and are part of the risk of trading and investing.

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