There is positive divergence this Monday as markets expect little for the week in terms of economic news or big decisions. The focus is on central bankers with their minutes and their speeches going into the Fed Jackson Hole Symposium. This means that the news behind the news drives markets and there was plenty of it last night – here is a partial list to get you going as Monday starts early. Note that Turkey which has been the headline risk barometer for the last 2 weeks is on holiday all this week. This passes the baton of fear to other stories.
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