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BTP TECHS

(Z1) Fresh Trend Low

GILT TECHS

(Z1) Bearish Focus

CROSS ASSET

Some Reasoning For The Risk-Off Feel

SCHATZ TECHS

(Z1) Volatile But Remains Bearish

BOBL TECHS

(Z1) Needle Still Points South

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CHINA AUG INDUSTRIAL OUTPUT +5.3% Y/Y VS JUL 6.4% Y/Y: NBS

CHINA YTD INDUSTRIAL OUTPUT +13.1% Y/Y VS JAN-JUL +14.4% Y/Y

CHINA AUG RETAIL SALES +2.5% Y/Y VS JUL +8.5% Y/Y: NBS

CHINA YTD FIXED-ASSET INVESTMENT +8.9% Y/Y VS JAN-JUL +10.3% Y/Y

CHINA JAN-AUG RETAIL SALES +18.1% Y/Y VS JAN-JUL +20.7% Y/Y 

CHINA YTD PROPERTY INVESTMENT +10.9% Y/Y VS JAN-JUL +12.7% Y/Y 

CHINA AUG UNEMPLOYMENT RATE +5.1% VS JUL +5.1%