Overview
Global equities are extending their recent gains, while bonds remain on the defensive. The dollar is firm. There is a degree of optimism that is prevailing. There are some more overtures in terms of US-Chinese trade. In Hong Kong, developers and banks led an equity rally on ideas that the political tensions may ease. South Korea reported better trade data for the first ten days of September. Italy's Conte survived a second vote of confidence yesterday, putting a new government in place. With new appointments to the EC, the risk of an Italy-EU confrontation