Investor sentiment in Asia-Pacific takes a hit after China’s CPI and PPI data for July fell in tandem for the first time since November 2020, indicating deflation pressure amid weakening demand. And in a bid to restore calm to its financial system, Italy caps its new tax on banks' windfall profits at 0.1% of the firms’ assets. Dario Messi, Fixed Income Research, provides his thoughts on fixed income markets and shares his expectations ahead of tomorrow’s US CPI print.

00:14 Introduction by Roman Canziani (Head of Investment Writing)

00:37 Markets wrap-up by Jonti Warris (Investment Writing)

04:54 Fixed income markets by Dario Messi (Fixed Income Research)

11:19 Closing remarks by Roman Canziani (Head of Investment Writing)

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China CPI and PPI figures prompt fears of deflation