• The U.S. dollar won a reprieve from risk aversion on Monday after North Korean leader Kim Jong Un decided to hold a party over the weekend rather than launch another missile, tempering safe havens such as the yen and Treasuries.
Investors remained cautious over the possible economic impact of Hurricane Irma as it made its way up the Florida coast, knocking out electricity to more than3 million homes and businesses statewide.
The U.S. dollar hovered at 108.38 yen JPY=, up from Friday's 10-month trough of 107.32. Against a basket of currencies, the dollar added 0.17 percent to91.509 .DXY but that was still uncomfortably close to last week's 2-1/2 year low of 91.011.
The euro eased to $1.2015 EUR=, having hit a top of $1.2092 on Friday amid speculation the European Central Bank was closer to starting a wind-back of its stimulus programme.
• The U.N. Security Council is set to vote on Monday afternoon on a watered-down U.S.-drafted resolution to impose new sanctions on North Korea over its latest nuclear test, diplomats said, but it was unclear whether China and Russia would support it.
• British consumers stepped up their domestic spending last month for the first time since April, as more of them holidayed at home due to the Brexit hit to the pound, payment card company Visa said on Monday.
But Visa said this year still looks like being the weakest for spending since 2013, as households struggle with rising inflation in the wake of last year’s referendum decision to leave the European Union and weak wage growth.
• Consumer spending, the engine of the British economy, last month rose 0.3 percent compared with August 2016 on an inflation-adjusted basis, Visa said based on its credit and debit card transaction data.
• Refusing to back legislation to sever Britain’s political, financial and legal ties with the European Union would be a vote for a chaotic Brexit, Britain’s Brexit minister David Davis said ahead of a parliamentary vote on Monday.
Parliament is due to hold a second day of debate on the EU withdrawal bill on Monday, before a late-night vote on whether to allow the legislation to continue to the next stage of the process, when more detailed scrutiny will take place.
• China's central bank, the People's Bank of China, intends to ease requirements for financial institutions to set aside foreign-exchange risk reserves for trading yuan forwards as of Sept. 11, Reuters said.
• Oil prices edged up on Monday after the Saudi oil minister discussed possibly extending a pact to cut global oil supplies beyond March 2018 with his Venezuelan and Kazakh counterparts.
News of the talks on Sunday helped offset downward pressure on oil prices amid worries that energy demand would be hit hard by Hurricane Irma and its aftermath.
U.S. crude for October delivery was up 39 cents, or 0.8 percent, at $47.87 a barrel by 0409 GMT, having tumbled 3.3 percent on Friday.
London Brent crude for November delivery was up 22 cents, or 0.4 percent, at $54, having settled down 1.3 percent.
Reference: Reuters, CNBC
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