Asian markets opened the week strongly, but the impact of the Middle East war, soon took its toll on markets. Oil prices remain elevated and inflation is an ongoing threat. EU GDP growth was positive, coming in at an annualised 1.2%, for Q2. Japan will be releasing the latest GDP growth numbers, later today. The US Dollar was steady, with the EUR trading 1.1620, while the GBP hit 1.3530.Commodity currencies were steady, with the AUD holding above 0.7200, while the NZD trades below 0.5900. Local markets will be watching growth data coming out of Asia, while Europe and the US will be focused on inflation and growth. US markets were closed for the Labor Day long weekend.
