Economic Reports

Jobless Claims out this morning were a non-event coming in at 404k vs consensus of 405k and a prior reading of 401k, so still above the 400k mark, but a bit better then consensus.

The US/China Trade War is at risk of escalating after the Senate passed a bill about China pegging the yuan at a low rate, The PBoC responded for the second day in a row by lowering the peg. They aren't worried about risking inflation at this point, they are bent on firing a few salvos back at the US. We'll have to see if this escalates, it won't be good for the US markets if it does and will surely have an inflationary effect on China.