Market Tone: Aussie and British pound soared as economic data topped estimates successfully trigger a rally two currencies. In Australia the rate of GDP reported up 0.6% above the estimated 0.5% and a strong reason for the RBA to remain neutral on monetary policy yesterday. While the services sector is estimated that the UK rocketed beyond confirming the UK economic momentum despite the unemployment rate is still relatively high. Separately European regional shares and U.S. stock market futures are still in Syria worries overshadowed pressure.
Fed's Beige Book: The focus of investors will be focused on the release of the Fed's Beige Book showed economic conditions that can last the 12 Federal Reserve districts. The economic data will be an important input ahead of the FOMC monetary policy meeting in 2 weeks mendetang. Beige Book also can provide a variety of information analysts to predict whether the Fed will embark reduction program of bond purchases worth $ 85 billion per month.
Fed Speakers: Attention will then be focused on two speeches scheduled Fed officials, among others, San Francisco Fed President John Williams and Minneapolis Fed President Narayana Kocherlakota who can provide further clues about the direction of the Fed's monetary.
Samsung: Samsung will launch the smartwatch newest product, called Galaxy Gear at Consumer Electronics Exhibition in Berlin. In addition it will also show off the tablet Samsung Galaxy Note 3 terabrunya. At the same time Sony also will show debuts smartphone Xperia Z1. Sony and Samsung hopes to beat the latest iPhone products which will be launched on the 10th September.
U.S. Auto Industry: The U.S. auto industry will report monthly sales rate for August is expected to rise to 15.5 million units, consistent with the level of sales in July. Overall vehicle sales in the U.S. are stabilizing.
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