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Rebound After Last Week's Sell Off

EQUITIES

A positive day for equity markets in the Asia-Pac region, rebounding after last week's sell off. Markets in mainland China are up just shy of 2% heading into the European open, while bourses in Hong Kong, Japan and South Korea have seen similar gains. Bourses in Australia and New Zealand have seen more muted moves amid concern over the local COVID dynamic. In South Korea markets are higher after robust export data for the first 20 days of August. Risk assets rebounded with commodities also benefitting. Markets look ahead to European flash PMI today while broader focus for the week will fall on the Fed's annual Jackson Hole Economic Symposium, with commentary from FOMC Chair Powell on Friday headlining that (now virtual) event.

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