Global FX DATA:

• • • ASIAN MARKET

      Asia shares stumbled in holiday-thinned trading on Monday as China ramped up trade tensions by cancelling upcoming tariff talks with the United States, while oil prices jumped after top producers ruled out boosting crude output.
       
    • GOLD
      
      
      Gold edged lower on Monday as the dollar held firm on news that China has cancelled trade talks with the United States, with the market also eyeing this week's U.S. Federal Reserve meeting for guidance on future rate hikes.
       
  • • OIL
      
      Oil prices rose on Monday as U.S. markets tightened just weeks ahead of Washington’s plan to impose new sanctions against Iran, with U.S. bank J.P. Morgan warning of price spikes above $90 per barrel in coming months.
       
    • YEN
      
      The safe-haven Japanese yen briefly blipped higher on Monday as investors reacted to news China had cancelled trade talks with the United States just as the latest round of tariffs are set to take effect.
       
    • SINGAPORE
      
      Singapore’s anti-trust watchdog fined ride-hailing firms Grab and Uber a combined S$13 million ($9.5 million) over their merger deal, and ordered Uber to sell vehicles from its local leasing business to any rival that makes a reasonable offer.
       
    • INDIA
      
      India's Finance Minister said that the government was ready to take all measures needed to ensure liquidity is available to non-banking financial companies (NBFCs), mutual funds and small and medium-enterprises.
       
    • UK
      
      Britain’s opposition Labour Party will vote this week to keep a second Brexit referendum on the table if Prime Minister Theresa May fails to pass her plan to leave the European Union through parliament.

    • US
      
      U.S. private equity firm Energy and Minerals Group (EMG) kicked off its planned float of Coronado Coal Group in Australia, seeking to raise up to A$1.3 billion ($946.1 million) for 30 percent of the group.

    • CHINA
       

      The United States and China imposed fresh tariffs on each other’s goods, as the world’s biggest economies showed no signs of backing down from an increasing bitter trade dispute that has rattled financial markets.

    • DENMARK
       

      The European Commisssion has asked the European Banking Authority (EBA) to investigate what went wrong in the oversight of Danske Bank’s Estonian branch, which is at the centre of a major money laundering scandal.

    • CUBA
      
      Cuba’s new president, Miguel Diaz-Canel, arrived in New York for his first trip to the United States, where he will denounce the decades-old U.S. trade embargo on his country at the U.N. General Assembly.

    • CANADA
      
      U.S. and Canadian officials trying to reach a deal on NAFTA are “very likely” to hold informal talks on the sidelines of a major U.N. meeting in the next few days.
       

    • JAPAN
      
      
      Japanese Prime Minister Shinzo Abe said he had constructive talks on trade with U.S. President Donald Trump in New York ahead of the second round of trade dialogues between the two countries this week.