Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
The United Kingdom’s gilts jumped during European trading hours Monday ahead of the country’s employment report for the month of August and the 10-year auction, both scheduled for October 15 by 08:30GMT and 09:45GMT respectively.
The yield on the benchmark 10-year gilts, plunged nearly 9-1/2 basis points to 0.615 percent, the 30-year yield slumped 8 basis points to 1.092 percent and the yield on the short-term 2-year lost nearly 7 basis points to 0.484 percent by 09:50GMT.
After technical-level Brexit talks over the weekend, chief EU negotiator Barnier commented that “a lot of work remains to be done”, and so negotiations will continue over coming days ahead of the summit on Thursday and Friday, Daiwa Capital Markets reported.
Barnier’s relatively understated assessment shouldn’t have been a surprise, as Johnson’s proposals appear half-baked, most notably seemingly resurrecting Theresa May’s Customs Partnership proposals – which were previously rejected as unworkable and derided by Johnson himself and his allies – albeit limited to Northern Ireland rather than the whole of the UK, the report added.
Lastly, BoE Deputy Governor Cunliffe will speak on monetary policy later today while external MPC member Vlieghe will speak on the same topic tomorrow when Governor Carney will testify on financial stability to the House of Commons Treasury Committee.
Carney might be more likely to touch on monetary policy issues when speaks at an event at Harvard’s Kennedy School on Wednesday, Daiwa further noted in the report.
Meanwhile, the FTSE 100 remained tad -0.59 percent down at 7,203.37 by 09:55GMT.
