Good MornING Asia - 7 August 2019

As an uneasy calm returns to markets, but some indicators are still sending a more medium-term bearish message

By Robert Carnell

As an uneasy calm returns to markets, but some indicators are still sending a more medium-term bearish message

General market tone: Wait and see. The market calm has returned after two sessions of heavy losses but the caution prevails.

Today's fixing is an even bigger depreciation move, but some were expecting the fix to be higher still, and the market response is more balanced

3M SIBOR falls - this could be a clue that off-cycle easing is imminent

Base effects and slowing food prices helped push inflation to 2.4% for July