Asian Stocks Mixed as Chip Selloff Hits KOSPI, Nikkei Ahead of US Jobs Data 
Philippine GDP Growth Slows to 2.3% in Q2 
US Dollar Falls as Weak July Jobs Report Dents Fed Rate Hike Bets 
US Yen Intervention Unlikely to Deliver Lasting Recovery, Yardeni Says 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
China Inflation Cools in July as CPI Misses Forecast, PPI Deflation Eases 
Oil Prices Surge as Iran Hormuz Restrictions Renew Supply Fears 
Australian Shares Fall as Westpac Slides, Miners Gain Ahead of RBA Decision 
Asian Currencies Steady as Markets Await U.S. Jobs Data 
Trump Unveils $3 Billion U.S. Critical Minerals Push 
Asian Currencies Hold Steady as US Dollar Nears Seven-Week Low Ahead of Key Jobs Data 
Oil Prices Rise as Hormuz Reopening Remains Uncertain 
US Stock Futures Rise as Markets Await July Payrolls Data 
Japan Posts First Current Account Deficit in 17 Months as Dividend Payments Surge 
Asian Stocks Cautious Ahead of US Jobs Data as Oil Rises 
Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls 
US Job Growth Seen Picking Up in July 
Euro area posted a record trade balance at ¥194.8 billion, shows the latest data published from Euro stat.
Positive trade balance is very favorable for any country and euro area especially Germany remains robust from this point. These positive balances will be favorable to European stocks & Euro once the cloud of uncertainty passes away.
The European stocks at this valuation of Euro looks very favorable and we feel further good days are ahead for the stocks and Indexes (like DAX, IBEX) in the months to come.
DAX is currently just shy of its all-time high of 11,000 and E.Stxx50 trading at 3,440 up more than 10% for the year.
- Top performer is Germany (+€201.8 billion) followed by the Netherlands (+€57.5 billion), Italy (+€37.1 billion), Ireland (+€32.2 billion).
- Worst performers are France (-€67.5 billion), Spain (-€23.0 billion) and Greece (-€18.9 billion).
- Another worthy noting data is export which is significantly down for Switzerland (-18%), though this we believe might change in the coming months after the massive devaluation of euro against franc.
- Exports & Imports to Russia down by 13% & 10% respectively.
Overall the tone of the data is positive for the euro over longer term but could of less impact in the near as the political uncertainty remains at large for now.
