� The US rebounded strongly.
� Tech driving the gains but overall breadth good and notable outperformance from Russell 2000.
� Investors liked the more measured rhetoric from both sides regarding the tariff threats over the weekend and the lack of eco data, bond market or Fed speakers ensured early gains held.
� AsiaPac is trading with a weaker bias, albeit with Japan the only notable mover on the down as it plays catchup.
� Ongoing tariff noise, this time with China imposing curbs on Hanwha Ocean in response to US probes against Chinese maritime, logistics, and shipbuilding industries.
� That said� both have been maintaining communication and held working-level talks.
� Singapore kept its monetary policy unch. The �debasement trade� is the new trendy topic and BHPs latest RMB settlement means this is far from fading away.
� The greenback is steady � ZAR c17.34.
� The yen flipped its earlier losses, Aussie and kiwi slump.
� Yields are marginally lower in early trade: US2y 3.48/US10y 4.03.
� Commodities are better bid with precious metals firmly in the driving seat.
� Iron lower as Chinese port concerns ease.
� The rand is weaker this morning, at R17.36/$, after closing stronger yesterday (R17.29/$*)
Key events and data:
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� 08h00: UK average weekly earnings (August), ILO unemployment rate (August)
� 11h00: Eurozone ZEW survey expectations (October)
� 11h30: SA mining production (August)
� 12h00: US NFIB small business optimism (September)
� SA SACCI business confidence index (September)
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