Heads up: Fed’s George to speak in an interview at the bottom of the hour 0 (0)

Kansas City Fed president, Esther George, will be speaking in a bit
She will be speaking on Fox Business and the hot topic may be what to expect going into Jackson Hole tomorrow. Her Fed branch is of course the host of the event, so keep your eyes and ears peeled just in case.

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US MBA mortgage applications w.e. 20 August +1.6% vs -3.9% prior 0 (0)

Latest data from the Mortgage Bankers Association for the week ending 20 August 2021
–  -3.9%
– Market index 737.1 vs 725.4 prior
– Purchase index 257.5 vs 249.9 prior
A modest increase in mortgage activity, helped by both a rise in purchases and refinancing in the past week. There are still concerns about high valuations in the property

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The push and pull continues on the session but overall moves are light 0 (0)

Dollar inches a little higher again, US futures dip a little into negative territory
S&P 500 futures are now down 3 points or about 0.1% and the dollar is picking up slight gains again as seen at the start of the morning, but once again the moves aren’t anything to shout about as they are keeping

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Japan expands state of emergency to eight more prefectures 0 (0)

The fresh measures will go into effect from Friday through to 12 September
The expansion will now cover Hokkaido, Miyagi, Gifu, Aichi, Mie, Shiga, Okayama and Hiroshima, all of which have already been under a pseudo-state of emergency. In total, that puts 21 prefectures under a state of emergency across the country.

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ECB’s de Guindos says that ECB could again revise upwards macroeconomic projections 0 (0)

de Guindos says they could so so in the next few days
– Third quarter indicators are positive
That’s some confidence given the threat posed by supply disruptions, rising cost pressures, and the delta variant. The latter may not be too concerning for Europe given the high vaccination rates but it does compound the problems on the

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