London Open Briefing: Monday, August 31, 2026
London opens with mixed sentiment as the JP225 advanced 1.13%, while XAUUSD declined 0.42% and the DE40 fell 0.29%. The Japanese Yen has shown broad strength, with USDJPY down 0.27%, GBPJPY down 0.24%, and EURJPY down 0.23%. The overall risk meter registers +0.11.
Early data releases included South Africa’s Private Sector Credit y/y at 7.41%, exceeding the 7.13% consensus, while M3 Money Supply y/y came in at 8.57%, below the 9.48% consensus. China’s Composite PMI was reported at 49.5, with Non-Manufacturing PMI at 49 against a 49.5 consensus, and Manufacturing PMI at 49.8 against a 49.5 consensus. Australia’s Company Profits Before Income Tax q/q rose 12.5%.
Looking ahead, India’s GDP y/y is due at 10:30 UTC, with a consensus of 6.6%. The BCB Focus Market Report for Brazil and the RBI Monetary and Credit Information Review for India are both scheduled for 11:30 UTC. Retail books show disagreement by 22 points on both NZDUSD and USDCHF.
Traders will closely monitor the MNI Chicago Business Barometer for the US, expected at 13:45 UTC with a consensus of 58.9.
| At a glance | |
|---|---|
| Biggest moves since the previous session | JP225 +1.13%, XAUUSD -0.42%, DE40 -0.29% |
| Currency strength, 24h | JPY strongest at +0.14%, AUD weakest at -0.07% |
| Risk meter | +0.11 (mildly risk-on) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 10:30 UTC | INR | GDP y/y | Medium | 6.6% |
| 11:30 UTC | BRL | BCB Focus Market Report | Medium | – |
| 11:30 UTC | INR | RBI Monetary and Credit Information Review | Medium | – |
| 13:45 UTC | USD | MNI Chicago Business Barometer | High | 58.9 |
Times are UTC. This brief describes measured market state and the published schedule. It is not financial advice and nothing in it is a trade recommendation.