Subdued holiday markets
• Holiday markets. Limited moves with the US, UK, & parts of Europe on holiday. In-principle agreement to raise US debt ceiling to be voted on over coming days.• Global data pulse. Global data flow picks up later this week. China PMIs (Weds), Eurozone CPI (Thurs) & US labour market report (Fri) in focus.• AUD consolidating. Global forces should act as a AUD headwind, offsetting support expected to be generated by upcoming local events. A quiet 24hrs across global markets with the US, UK, and some European countries on holiday, and no major economic data released. Across the markets that...