The conference at Jackson Hole remains the key focus for risk markets amid the backdrop of the worsening condition of the Chinese economy, although Asian stocks are trying to push higher outside of the Middle Kingdom. The USD is giving back ground to beleaguered major currency pairs although the Australian dollar is struggling to climb above the 64 cent level.
Oil prices are trying to bounce back after the recent modest selloff but Brent crude is still stuck below the $85USD per barrel level while gold is getting some relief amid the USD weakness with a return back above the $1900USD per ounce level:
Mainland Chinese share markets are falling going into the close with the Shanghai Composite down nearly 0.6% at 3103 points while in Hong Kong the Hang Seng Index has reversed course, up 0.4% to be at 17852 points.