China to regain spotlight ahead....>

EMERGING MARKETS: China to regain spotlight ahead of trade talks, holiday return

-Newsflow on China had been relatively few and far between over the past week,

but expect that to change as the country returns from its week-long National Day

holiday and the next round of trade talks with US negotiators is set to begin.

In an interview Friday, Kudlow specified that the first few days of the week

will hold talks between lower-level members of staff before Thursday/Friday's

'principal' negotiations begin. Although markets are to react in any material

way, newsflow on Hong Kong unrest will be carefully watched over the weekend,

particularly as Kudlow specified that the US' quiet support for the "freedom and

democracy" movement in Hong Kong could impinge on the trade negotiations.

-ZAR had a strong week with markets taking the government's fiscal reform plans

well. USD/ZAR's downtick extended Friday, targeting the 50-dma support at

14.9919.

-The Israeli and Peruvian rate decisions, Thai, Hungarian and Mexican central

bank minutes are all due next week. Larger data releases include Taiwan and

Philippines trade balance and Chinese services PMI.