UBS cut its rating of the world's largest restaurant company McDonald's Corporation, citing slowing fast food trends in the United States and a forecast for increased U.S. job losses.

The European banking giant UBS AG reported further losses and second-quarter writedowns of $5.1B.

JPMorgan raised its rating on the fourth-largest U.S. carrier Continental Airlines Inc to ``overweight'' from ``underweight,'' citing the drop in fuel prices.

The women’s clothing retailer Ann Taylor Stores Corporation had Citigroup cut its rating, saying the company could report lower-than-expected second-quarter profit.

Stocks catch a modest bid as oil prices go back on the decline in volatile fashion. Crude is now down 1.3% at $113.00 per barrel. The Nasdaq is posting a slight gain, while the Dow and S&P 500 remain in the red.
Airlines are posting a solid 4.0% gain, benefiting from the drop in oil prices and several airlines being upgraded to Overweight from Neutral or Underperform at JPMorgan.
The financial sector (-3.8%) extends its losses in broad-based weakness. Investment banks and brokerages are down 6.7%, followed by a 5.7% loss in the diversified financials group.

Chopping to fresh lows for the session as the dollar gives back ground everywhere, albeit modestly so. Dollar-yen easing to Y109.58 now an on approach to bids at 109.50. Stops a risk sub Y109.40.

Lavinia Santovetti and Michael Hume of Lehman Brothers say Q2 eurozone growth looks to have dropped quickly in Q2 and they look for a contraction of 0.4% q-o-q (seas adj). "Looking ahead, the ongoing fall in the forward-looking survey indicators suggest that growth could turn out to be negative in Q3 (-0.1% q-o-q) as well," the strategists say. "We therefore expect the euro area to enter a technical recession in 2008," they add.

The dollar snapped a five-day winning streak against the euro on speculation the currency's recent gains are too fast to be sustained.
The greenback has rallied 4.3 percent versus the euro this month on speculation the U.S. economic slowdown is spreading to Europe and as commodity prices have tumbled.
``The dollar's rally was overextended,'' said Steve Butler, director of foreign-exchange trading at Scotia Capital Inc. in Toronto. ``It has been such a one-way street.''
The Dollar Index, which gauges the greenback against the currencies of six major U.S. trading partners, was little changed at 76.135. It touched 76.616, the highest level since Feb. 12. The index rose 1.7 percent on Aug. 8, the biggest jump in six years.
``It's just time for a bit of correction,'' said Matthew Kassel, director at ING Financial Markets LLC in New York. ``The dollar's rally is exhausted.''
Germany's economy, the largest in the 15-nation region that uses the euro, probably contracted in the second quarter for the first time in almost four years, according to the median forecast of 41 economists. The government is due to report the data on Aug. 14.
In Japan, a report tomorrow may show gross domestic product shrank at an annual rate of 2.3 percent in the three months ended June 30, following 4 percent growth in the previous quarter, according to a separate survey.
``The market has become less bearish about the U.S. and, comparatively speaking, much more bearish about what's going on in the rest of the world,'' said Mike Moran, a senior currency strategist at Standard Chartered Bank in New York.

Dithering around $1.9000 area amid muted flows, the pair having stalled around $1.9010 just at the European close and while recent dips have been held to about 10 pips above the morning low at $1.8970 where decent bids are reported.

"Falling commodity prices will act like a tax cut for households and businesses world wide. Price pressures may ease in the coming months, which could allow some central banks to be a little less aggressive in terms of monetary tightening. For the US, the thinking is that the effect of the fiscal stimulus packages has been limited because of the run-up in food and energy costs, so the reverse may be seen in coming months. In terms of US inflation, expectations have fallen in recent weeks."

Stocks declined Tuesday morning, retreating after the recent rally as oil prices fluctuated, the dollar fell and more credit market problems surfaced.
The ongoing credit market crisis pressured investor sentiment.
JP Morgan Chase said in a regulatory filing that trading conditions have deteriorated in the third quarter versus the second quarter and that it has written down $1.5 billion in credit market losses in the quarter.
Morgan Stanley said late Monday that it will repurchase $4.5 billion in auction-rate securities after the Attorney General's office said its investigation of the sale of such securities will include the firm.
The repurchase plan won't stop the investigation from continuing, the Attorney General's office said following the news. Also, Moody's cut Morgan's debt rating.
UBS reported its fourth straight quarterly loss Tuesday and said it would split its investment banking unit from its wealth management unit after wealthy clients withdrew substantial sums during the quarter.
BP said Tuesday morning that it shut down a Georgian pipeline for safety reasons. Russia said it has halted its attacks on Georgia but unrest in the region remains after days of fighting.
U.S. light crude oil for September delivery fell $1,85 to $112.70 a barrel on the New York Mercantile Exchange.
The U.S. deficit unexpectedly narrowed in June, as an increase in exports overshadowed a surge in oil import prices, the government said. The trade gap narrowed to $56.77 billion in June from a revised $59.2 billion in May.
In the bond market, Treasury prices rose, lowering the yield on the benchmark 10-year note to 3.95% from 3.99% late Monday.
COMEX gold for December delivery rose 70 cents to $829 an ounce.

Stuart Bennett, strategist at Calyon- "Unsurprisingly the upside CPI surprise supported sterling. However, it is doubtful as to whether the numbers will actually alter the economic and policy outlook significantly. TheBoE has long warned that short term price risks are to the upside and the July numbers merely prove that they were correct."

Ian Kernohan, economist at Royal London Asset Management - "Market players are also remaining sidelined ahead of Wednesday's key BoE inflation report for signs of how rate setters on the Monetary Policy Committee view the situation. With the ominous combination of inflation spiking while the economy slows. As expected, inflation continues to move higher, however the market will be more interested in tomorrow's Inflation Report which will include the MPC's view on the likely path of inflation over the next couple of years."

Hold $1.4915 and underscores well the remarks of several traders today describing very patchy flows, uneven liquidity and a market that is inclined to move in fits and starts without actually getting anywhere fast. Normal liquidity seems lacking most of the time, traders say, with markets impacted by peak vacation season in the northern hemisphere.

The stock market trades with a modest loss, with eight of the ten economic sectors in negative territory. The financial sector (-2.2%) is the main laggard, as no other sector is posting a loss of more than 1%.
The materials sector (+1.2%) is a pocket of strength. Agriculture company Monsanto (MON 111.69, +3.82) is providing leadership after saying that gross profit in its corn seeds and traits business is expected to grow by roughly 25% in 2008 and expects corn gross profit to grow by another 25% to 30% in 2009. In 2007, corn seeds and traits accounted for 33% of Monsanto's $8.6 billion in revenue.
The energy sector (+0.6%) is also enjoying some buying interest.
The energy and materials sectors have had a rough third quarter on sinking commodity prices, falling 17.5% and 7.7%, respectively. By comparison, the S&P 500 is up 1.5% this quarter.

Sustained break above $1.4930/35 area may relieve part of the current underlying negative tone and boost recovery hopes. Offers emerging here, just ahead of $1.4970/80. Bids $1.4850, more between $1.4835/30 and stronger interest at $1.4815/00.

Futures suggest a slightly lower open after having a mostly muted reaction to the latest trade balance reading: (S&P futures vs fair value: -3.2. Nasdaq futures vs fair value: -1.2. ). The June trade deficit narrowed to $56.8 billion from the previous month's deficit of $59.2 billion. Economists forecast a deficit of $62 billion.
Separately, Goldman Sachs (GS) had its earnings estimates cut at Oppenheimer. Goldman's 2008 full year earnings estimate was cut to $14.32 per share from $15.5 (consensus $16.77) and 2009 was cut to $14.90 per share from $16.30 (consensus $19.75). The primary catalysts for the downward revision are customer volumes, weak global equity markets and weak advisory and underwriting revenue. In addition, Goldman was downgraded to Hold from Buy at Deutsche Bank.
JPMorgan Chase: The banking giant said in a filing with the Securities and Exchange Commission that it suffered more substantial third-quarter losses related to the hard-hit mortgage sector than it did in the second quarter. JPMorgan said that problems in the credit market caused it to lose $1.5 billion.
Crude prices fell anew on signs of softening demand. U.S. crude for September delivery fell $1.07 to $113.38 a barrel in electronic trading Tuesday. Nymex crude is down substantially from its high of $147.27 on July 11.

Minimal inital react to release of US and Canadian trade data, but rate now breaking lower as the US dollar softens generally. Dollar-Canada breaks support at C$1.0680, and moves down to challenge next band of reported bid interest at C$1.0645/40. Rate currently trades around C$1.0655 after touching C$1.0640. Below C$1.0640 to open a deeper move toward C$1.0610/00.

The dollar traded near a 5 1/2-month high against the euro on speculation tumbling commodity prices will give a boost to the world's largest economy.
The U.S. currency was also close to a seven-month high against the yen as crude oil traded near a 14-week low, copper fell to the weakest in six months and gold to the cheapest since December. The Australian dollar slid for an 11th day, its longest losing streak since 1975, and New Zealand's currency declined to an 11-month low as prices of raw materials the nations export declined.
``The trend has turned in favor of the dollar,'' said Michael Klawitter, a currency strategist at Dresdner Kleinwort. ``Oil and commodities prices, a hedge against dollar weakness, have fallen, and that seems to have a positive impact on the currency. Near term, I would be cautious about the dollar at the current level though. It has gone up too far too fast.''

EUR/USD fell from $1.4930 to $1.4814 before rebounding to new high $1.4937. Bids $1.4850, $1.4835/30, $1.4815/00. Offers $1.4920/30.

GBP/USD UK CPI data came in stronger than expected and took cable to $1.9080, but rally quickly faltered, with rate dropping back to eventually retest overnight lows of$1.8970 before cable stabelized at $1.9000 . Bids $1.8970, $1.8955/45. Offers $1.9020/25, $1.9050-80

USD/JPY consolidated within Y110.30 -Y109.80. Bids Y109.80-50. Offers Y110.40/50, Y111.00, Y111.20/30.

Meanwhile, dollar’s rise may be capped ahead of International Trade report with analysts expect deficit widened to $61,0 B in June after -$59,8 B month earlier.

Getting further confirmation of demand interest at Y109.85/80, this linking interest here to institutional interest. Earlier reports from Asia placed bids from local Japanese funds, importers and CTA's around Y109.80. Rate currently trades around Y110.20. Offers remain in place toward Y110.40, with stops above. Option barrier noted at Y110.50.

Kosuke Hanao, head of forex sales at HSBC- "The deteriorating economic outlook for the euro zone and elsewhere is now having an impact after the market had become used to weakness in the U.S. economy. Technical factors may drive the dollar a little higher, but how long it will stay strong remains to be seen especially when the U.S. economy is not in good shape either."

Offers noted between $1.4920/30 proved to be impenetrable and the pare eased back under the $1.4900. Bids seen placed to $1.4850, more at $1.4835/30 ahead of $1.4815/00. Recovery tied to market reaction to Russian cessation of military action in Georgia, with oil and gold also squeezing higher and adding influence.

--Robust German labour market to help private consumption.
-- Inflation prospects gloomy for relatively long time
-- No reason to be pessimistic on mid-term German GDP
-- Not yet at point where need to consider stimulus
-- Must anchor inflation expectations in eurozone
-- Current inflatoion cannot be standard for wage negotiations
-- German economy to recover next year with help from consumption.

The dollar traded near a 5 1/2-month high against the euro on speculation tumbling commodity prices will give a boost to the world's largest economy.
The U.S. currency was also close to a seven-month high against the yen as crude oil traded near a 14-week low, copper fell to the weakest in six months and gold to the cheapest since December. The Australian dollar slid for an 11th day, its longest losing streak since 1975, and New Zealand's currency declined to an 11-month low as prices of raw materials the nations export declined.
``The trend has turned in favor of the dollar,'' said Michael Klawitter, a currency strategist at Dresdner Kleinwort. ``Oil and commodities prices, a hedge against dollar weakness, have fallen, and that seems to have a positive impact on the currency. Near term, I would be cautious about the dollar at the current level though. It has gone up too far too fast.''
Crude oil traded at $113.45 a barrel after yesterday falling to a 14-week low of $112.72. It has fallen 23 percent since touching a record $147.27 on July 11. The euro-dollar exchange rate and oil had a correlation of 0.9 in the past year, according to Bloomberg calculations. A reading of 1 would mean they move in lockstep.

Resistance 3: Y112.00
Resistance 2: Y111.60
Resistance 1: Y110.40
Current price: Y110.26
Support 1: Y109.50
Support 2: Y109.10
Support 3: Y107.70

Comments: Techs on USD/JPY hasn’t changed with rate still holding within the upward channel from Jul 15, limited today by Y109.10/Y112.00 (strong support and resistance respectively). Strong resistance comes at Y110.30/40 (yesterday’s highs). Above dollar may rise to trend line from Mar on Y111.60/65. Support comes near yesterday’s lows on Y109.50. Break under Y109.10 will open the way to Y107.70 (Aug 05 lows).

Resistance 3: Chf1.1080
Resistance 2: Chf1.1000
Resistance 1: Chf1.0920
Current price: Chf1.0908
Support 1: Chf1.0740
Support 2: Chf1.0680
Support 3: Chf1.0520

Comments: Dollar looks optimistic. Strong resistance is around trend resistance line from Mar 17 on Chf1.0940. Above the target comes at 38.2% Fibo (Chf1.3180 - Chf0.9630 decline). Break above that level will open the way to Chf1.1080. Support is near yesterday’s lows on Chf1.0740. Below correction may dip down to Chf1.0680 and then – to Chf1.0520 (last Thursday’s lows).

Resistance 3: $1.9320
Resistance 2: $1.9260
Resistance 1: $1.9120
Current price: $1.9004
Support 1: $1.8980
Support 2: $1.8920
Support 3: $1.8830

Comments: Cable falling, going to trend support line from Jan 2002 at $1.8980 with a break under will widen losses to $1.8920 and then – to $1.8830. Resistance comes at session high on $1.9120 with stronger – on yesterday’s highs at $1.9260. Above key resistance is around channel line from Jul 31 on $1.9320.

Resistance 3:$1.5200
Resistance 2: $1.5080
Resistance 1: $1.4900
Current price: $1.4893
Support 1: $1.4720
Support 2: $1.4700
Support 3: $1.4620

Comments: Euro continues to dip. Support comes at $1.4720 with stronger on $1.4700 (50% of $1.3380 - $1.6040 decline). Break under will widen losses to $1.4620 (Feb 20 low). Resistance is near the upper bound of 4-days channel on $1.4890/00. Above the target comes at $1.5080 (Monday’s high) and $1.5200/10 (Broken channel line from Jul 15).

USD/JPY: Y109.40, Y109.00, Y108.75, Y108.50
EUR/JPY: Y165.45
GBP/USD: $1.9415

1.Too early to cite sea-change on oil market

2.July supply up 890 kbd to 87.7 mbd; OPEC crude up 145 kbd to 32.8 mbd

3.OECD June stocks down 15.3 mb; July seen up 30 mb

EUR
Bids: $1.4815/00, $1.4780
Offers: $1.4900

JPY
Bids: Y109.80, Y109.50
Offers: Y110.40, Y111.00, Y111.30

GBP
Bids: $1.8970, $1.8955/45, $1.8940

Offers: $1.9080

AUSSIE
Bids: $0.8730, $0.8700

Offers: $0.8800

The dollar traded near a 5 1/2-month high against the euro on speculation tumbling commodity prices will give a boost to the world's largest economy.
The U.S. currency was also close to a seven-month high against the yen as crude oil traded near a 14-week low, copper fell to the weakest in six months and gold to the cheapest since December.
The Australian dollar slid for an 11th day, its longest losing streak since 1975, and New Zealand's currency declined to an 11-month low as prices of raw materials the nations export declined.
Any gains in the yen may be limited by speculation Japan's economy is approaching a recession as export growth slows. Gross domestic product shrank an annualized 2.3% in the three months ended June 30, following 4% growth in the previous quarter, according to the median estimate of economists.

EUR/USD fell from $1.4930 to $1.4814 before rebounding to $1.4890.

Stock market fixing:
Nikkei 225 +262.50 +2.00% 13,430.91
Topix +20.07 +1.60% 1,280.00.
FTSE +52.60 +0.96% 5,541.80
DAX +47.98 +0.73% 6,609.63
CAC +46.64 +1.04% 4,538.49
Dow +48.03 +0.41% 11,782.35
NASDAQ +25.85 +1.07% 2,439.95
S&P +9.00 +0.69% 1,305.32
10yr Note +0.5200 +0.132% 4.002%
NYMEX Crude Oil -0.75 -0.65% 114.45
Gold -36.50 -4.22% 828.30

Japan's stocks rose, sending the benchmark index to the highest in almost three weeks, after crude oil traded near a 14-week low and a drop in the yen boosted the earnings outlook for manufacturers.
Sumitomo Rubber Industries Ltd., which sells Dunlop and Falken-branded tires, jumped the most in more than six months. Fuji Heavy Industries Ltd., the maker of Subaru cars, climbed to a one-year high after the yen weakened to a near a seven-month low. Hoya Corp., the nation's largest maker of optical glass, soared after profit beat analyst estimates.
Sumitomo Rubber added 6.4%, the most since Jan. 25, while Toyo Tire & Rubber Co. soared 6.2%. Bigger rival Yokohama Rubber Co. gained 3.3%.
Mitsubishi Chemical Holdings Corp. rose 5.7%, the most since February 2007. Synthetic rubber maker Zeon Corp. leapt 10%, the sharpest jump since Jan. 17. Fuji Heavy rose 6.9%, the highest close since July 2007. Nissan Motor Co. advanced 4.3%, while Honda Motor Co., which gets more than half its sales from North America, jumped 4.6%, the most since July 22.

European stocks rose to the highest since June as investors speculated carmakers will benefit from the stronger dollar and oil's drop to a 14-week low buoyed the profit outlook for airlines and retailers.
Bayerische Motoren Werke AG climbed to a two-week high after Merrill Lynch & Co. said the dollar's rally last week will help ``reduce margin headwinds.'' Ryanair Holdings Plc, Europe's biggest discount airline, and Marks & Spencer Group Plc advanced for a second day. UBS AG, the European bank hardest hit by the subprime contagion, jumped the most in four days after keeping its earnings guidance following a settlement in the U.S.
A retreat in commodity prices last week and better-than- expected earnings from Societe Generale SA and Royal Bank of Scotland Group Plc helped lift the Stoxx 600 to its first weekly gain this month. Still, the index has lost 20% this year on concern accelerating inflation and credit losses approaching $500 billion will stifle profit growth.
BMW jumped 4.5%. The company derives more than a fifth of its sales from America
Hochtief AG gained 6%. Germany's biggest construction company relies on the Americas for 43%.
Ryanair jumped 3.7%. Marks & Spencer, the U.K.'s largest clothing retailer, advanced 5.9%.
UBS added 5.4%.

Stocks cut their gains Monday afternoon, but the broader market remained in positive territory as lower oil prices reassured investors for the second session in a row.

Stock movers: Tech led the way, with Amazon.com, Apple and Google among the big gainers.
Amazon.com gained 9.4% after Citi Investment Research said it will probably sell twice as many Kindle electronic book readers this year as Citi initially thought it would.
Citi upgraded Qwest Communications to "buy" from "hold," saying that the company is due for a restructuring that should improve returns to shareholders. Qwest shares gained 6% and topped the New York Stock Exchange's most actives list.
Retail stocks jumped on bets that lower fuel costs will boost consumer spending.
American Express, AT&T, Citigroup, Home Depot and General Motors were the Dow's biggest gainers.
Verizon Communications said it reached an agreement Sunday with two unions that represent 65,000 workers, averting a potential strike. The three-year contract gives workers pay increases and changes in retirement benefits. Shares gained 2%.
Waste Management boosted its unsolicited bid for rival Republic Services to $37 per share, or $6.73 billion, from the original offer of $34 per share. Republic rejected that offer last month.

The dollar rose to a 5 1/2-month high against the euro on speculation the economic slowdown that started in the U.S. is spreading and as oil prices dropped.
The European currency sank the most in almost eight years against the dollar on Aug. 8 as traders pared bets the ECB will raise interest rates as the economy slows. Last week's decline was the most since January 2005.
French industrial production unexpectedly dropped 0.4% in June, the National Statistics Office reported today in Paris. The median forecast of economists was for an increase of 0.6%.

EUR/USD printed lows around $1.4908. Liebscher's comments helped the rate to break above $1.5000 and print highs on $1.5083. Later rate back to $1.5040 and $1.5000/05 before falling to $1.4900.
GBP/USD rose to $1.9260 before it back under $1.9200 and showed lows around $1.9070.
USD/JPY set stable around Y109.70/90.

In Europe attention will be on UK CPI report, that may weight on pound.
Meanwhile, dollar’s rise may be capped ahead of International Trade report with analysts expect deficit widened to $61,0 B in June after -$59,8 B month earlier.

Resistance 3: Y112.00
Resistance 2: Y111.60
Resistance 1: Y110.40
Current price: Y110.08
Support 1: Y109.50
Support 2: Y109.10
Support 3: Y107.70
Comments: Techs on USD/JPY hasn’t changed with rate still holding within the upward channel from Jul 15, limited today by Y109.10/Y112.00 (strong support and resistance respectively). Strong resistance comes at Y110.30/40 (yesterday’s highs). Above dollar may rise to trend line from Mar on Y111.60/65. Support comes near yesterday’s lows on Y109.50. Break under Y109.10 will open the way to Y107.70 (Aug 05 lows).

Resistance 3: Chf1.1080
Resistance 2: Chf1.1000
Resistance 1: Chf1.0940
Current price: Chf1.0908
Support 1: Chf1.0740
Support 2: Chf1.0680
Support 3: Chf1.0520
Comments: Dollar looks optimistic. Strong resistance is around trend resistance line from Mar 17 on Chf1.0940. Above the target comes at 38.2% Fibo (Chf1.3180 - Chf0.9630 decline). Break above that level will open the way to Chf1.1080. Support is near yesterday’s lows on Chf1.0740. Below correction may dip down to Chf1.0680 and then – to Chf1.0520 (last Thursday’s lows).

Resistance 3: $1.9320
Resistance 2: $1.9260
Resistance 1: $1.9120
Current price: $1.8975
Support 1: $1.8980
Support 2: $1.8920
Support 3: $1.8860
Comments: Cable falling, going to trend support line from Jan 2002 at $1.8980 with a break under will widen losses to $1.8920 and then – to $1.8860. Resistance comes at session high on $1.9120 with stronger – on yesterday’s highs at $1.9260. Above key resistance is around channel line from Jul 31 on $1.9320.

Resistance 3:$1.5200
Resistance 2: $1.5080
Resistance 1: $1.4900
Current price: $1.4833
Support 1: $1.4780
Support 2: $1.4700
Support 3: $1.4620
Comments: Euro continues to dip. Support comes at $1.4780 with stronger on $1.4700 (50% of $1.3380 - $1.6040 decline). Break under will widen losses to $1.4620 (Feb 20 low). Resistance is near the upper bound of 4-days channel on $1.4890/00. Above the target comes at $1.5080 (Monday’s high) and $1.5200/10 (Broken channel line from Jul 15).

High Low Close
EUR/USD 1.5084 1.4876 1.4891
USD/JPY 110.39 109.53 110.10
GBP/USD 1.9259 1.9065 1.9101
USD/CHF 1.0883 1.0741 1.0869

EUR/JPY 165.56 163.61 163.97
EUR/GBP 0.7835 0.7790 0.7793
GBP/JPY 211.53 209.68 210.34
GBP/CHF 2.0781 2.0669 2.0758

Change % Change Last
Nikkei 225 +262.50 +2.00% 13,430.91
Topix +20.07 +1.60% 1,280.00.
FTSE +52.60 +0.96% 5,541.80
DAX +47.98 +0.73% 6,609.63
CAC +46.64 +1.04% 4,538.49
Dow +48.03 +0.41% 11,782.35
NASDAQ +25.85 +1.07% 2,439.95
S&P +9.00 +0.69% 1,305.32
10yr Note +0.5200 +0.132% 4.002%
NYMEX Crude Oil -0.75 -0.65% 114.45
Gold -36.50 -4.22% 828.30

04:30 Japan Industrial output (June) final -2.0% -2.0%
04:30 Japan Industrial output (June) final Y/Y 0.2% 0.2%
06:45 France CPI (July) unadjusted -0.2% 0.4%
06:45 France CPI (July) unadjusted Y/Y 3.7% 3.6%
06:45 France HICP (July) Y/Y 4.1% 4.0%
08:30 UK HICP (July) -0.3% 0.7%
08:30 UK HICP (July) Y/Y - 3.8%
08:30 UK HICP ex EFAT (July) Y/Y - 1.6%
08:30 UK Retail prices (July) -0.3% 0.8%
08:30 UK Retail prices (July) Y/Y - 4.6%
08:30 UK RPI-X (July) Y/Y - 4.8%
12:30 USA International trade (June), bln -61.0 -59.8
12:30 USA Export (June), bln - 157.6
12:30 USA Import (June), bln - 217.3
12:55 USA Redbook (09.08)
18:00 USA Federal budget (July), bln -70.0 50.7
23:50 Japan Real GDP (Q2) preliminary -0.6% 1.0%
23:50 Japan Real GDP (Q2) preliminary Y/Y - 4.0%
23:50 Japan Current account (June) unadjusted, trln - 2.000
23:50 Japan Trade balance (June) unadjusted, trln - 0.529