SEK and NOK are the top G10 FX gainers today, up 0.72% and 0.41% vs the dollar while CAD and USD are the top losers. The financial market’s focus remains on trade war; US president Trump will announce new tariffs on Chinese goods worth $200bln. Though this is less than the US administration earlier plans, it does escalate the issue further. Elsewhere, Sterling remains supported due to renewed hopes of a resolution on Irish border issue ahead of the EU summit later in the week. In the Asian equities space, the Hang Seng closed -1.3% at 26932.85 and Kospi ended -0.66% at 2303.01. The European equities were trading mixed with the FTSE down -0.06% at 7304.25.49, DAX -0.09% at 12112.95, and CAC 0.05% at 5355.34. In the rates market, global yields were trading mixed; the US 10-year yield was trading at 2.994% and the Bund 10-year yield trading at 0.452%. In the energy space, the Brent (front month) is trading up (0.6%) for the day at $78.56.