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A fairly subdued start for the..........>

MARKET TALK
MARKET TALK: A fairly subdued start for the European session with some focus on
Month End, although shouldn't affect EU markets as much, with just average
extension. 
-Nonetheless, Bund should remain underpinned at least for today, with risk
tilted to the downside and ahead of President Trump's expected presser on China
sometimes this afternoon (no set time or details on the subject), so all eyes
will be staring at the twitter feed.
-In FX, the USD is better offered against all majors (beside the Rand). 
And Month End here, favours better USD selling. 
-US Equities month end, sees mostly outflow from the US side, out of Equities
and into Bonds, with ranges to the tune of $24bn-$30bn

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