Newsflow over the weekend as well as during today's Asia-Pacific session has been very light and also no major market moves were expected
Indices from Asia-Pacific traded mixed today - Nikkei dropps 1.5%, S&P/ASX 200 gained 0.1%, Kospi slumped 0.7% and Nifty 50 added 0.1%. Indices from China traded up to 0.5% higher
European index futures point to a flat or slightly lower opening of the cash session on the Old Continent today
US index futures trade flat compared to Friday's close
Fed's Daly said that it is a time to consider cutting rates. However, Daly said that Fed should take a prudent and gradual approach to lowering rates
Fed's Goolsbee said that US credit conditions are tight and continue to get tighter. Goolsbee said that he is not sure Fed will cut rates in September, but not doing so would damage to labor market
Japan's machinery orders increased 2.1% MoM in June (exp. +1.0% MoM), following a 3.2% MoM drop in May
Major cryptocurrencies are trading lower today - Bitcoin drops 1.6%, Ethereum trades 0.6% lower and Dogecoin declines 1.0%
Energy commodities pull back - oil drops 0.5%, while US natural gas prices traded 0.3% lower
Precious metals trade mixed - gold drops 0.3%, palladium declines 0.2%, while silver and platinum add 0.1% each
Japanese yen is the best performing G10 currency today, with USDJPY dropping over 1%. JPY strength is somewhat puzzling as there was no news that could justify it
USD and GBP are the worst performing major currencies