A strong start to the week for Chinese........>

FOREX: A strong start to the week for Chinese equities has allowed markets to

regain some composure after the early risk off flows on the back of an Axios

report, which noted that "President Trump has no intention of easing his tariffs

on China." JPY had been the outperformer in early dealing, with the USD gaining

against the remaining majors, before the aforementioned strong start for Chinese

equities saw the USD & JPY erase most of their gains.

- As a reminder, Friday saw Moody's downgrade Italy by 1 notch to Baa3, but

crucially, the ratings agency changed the country's outlook to stable.

- Weekend news flow was -ve for UK PM May with a pro-EU march in London drawing

100s of thousands & more talk of contempt from within her own party/cabinet.

That being said, reports suggest that May is to tell parliament that ~95% of the

Brexit negotiations are now complete. Cable unch. last.

- AUD struggled on the back of a key by-election at the weekend, which saw the

ruling gov't lose its narrow parliamentary majority.

- The docket looks a little thin Monday. Rate decisions from ECB, BoC, Riksbank

& Norges Bank, as well as U.S. Q3, A GDP headline later in the week.