Afternoon Briefing 16 Aug 2023: Oil Steady on Weak China's Data

Asian Markets

Asian stocks tumbled as bank stocks retreated on Wall Street.

European Markets

The European stock exchange is expected to open higher than expected because investors are assessing the UK inflation data.

US Pre-Open Markets

The US stock market tends to rise a bit as Wall Street looks beyond the session downturn.

Commodities

Oil prices held steady as markets weighed on weak Chinese data, tighter crude supplies.

U.S. Treasury Yield

Treasury yields tend to fall slightly due to unexpected economic data.

Major Currency Pairs

Yen tend to fall because there is still potential for an increase against the USD.