Trump Questions USMCA Renewal as Trade Talks Continue 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention 
Oil Prices Drop as U.S.-Iran Peace Deal Eases Supply Concerns 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
German Industry Employment Falls to Lowest Level in a Decade 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
By many measures, sentiment across the European continent has jumped to their highest level for the year. While the improvement in the economy and the increase in employment exerted impact, it was actually the post-Brexit referendum calm that has stolen the show.
Sentiment across Europe declined sharply in August, in the wake of the referendum outcome but as the UK and the European economy performed much better than all the doom and gloom predictions, sentiment has soared.
- Euro zone business climate rose to 0.55, the highest level in years.
- Industrial confidence surprisingly improved to -0.6, again best level in years. Services confidence improved to 12, the best reading since September 2014.
- The economic sentiment improved to 106.3, the best reading since December 2015.
- The only and major drag is the consumer confidence, which continues to hover at -8.
The euro is currently hovering at 1.09. It remains unmoved by the data as the focus has turned to FOMC next week.
