MNI: Factors keeping stocks on the defensive in......>

MNI: Factors keeping stocks on the defensive in Asia-Pac hours:

1) The move in Fed pricing post-NFP

2) Perhaps some spillover from the Iranian situation, although the upscaling of

the country's uranium enrichment was largely exp. ahead of the weekend.

3) Turkish President Erdogan removing the Governor of the country's central bank

4) Deutsche Bank slashing headcount & pullback from certain business areas being

formalised over the weekend & the "hiving off" of assets into a "bad bank."

5) Chinese regulators suspending some traders at a couple of major banks on the

back of "abnormal" trades.

6) Morgan Stanley publishing a fairly negative note on global equities.

7) A SCMP source report suggesting that China's plan to name foreign companies

as a risk to national security is exp. to be used as a key bargaining chip when

trade talks with the U.S resume.

8) Ex-PBoC MPC member Yu Yongding noting that "U.S. President Trump & Chinese

President Xi may have agreed at the G20 summit in Osaka to resume trade

negotiations, but the path to ending the trade war remains far from clear."