1️⃣ The main news last weekend
- The annual rate of the core PCE price index in the US in June hit a new high.
- Fed Brad: The QE reduction will begin this fall and end in March next year.
- Fed Governor Brainard: Will assess conditions to slow down asset purchases.
The Fed's reverse buyback demand exceeded $1 trillion for the first time in history.
- The Russian Ministry of Energy asked the government to ban the export of gasoline which could last for at least three months.
2️⃣ Notable events and data today
- China July Caixin Manufacturing PMI will be released
- The final value of the eurozone manufacturing PMI for July will be published
- The final value of the Markit Manufacturing PMI in the United States will be published in July.
- Reminder: The Toronto Stock Exchange in Canada is closed for one day.
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