Yeah, absolutely. Thanks, Matt. The complex macro backdrop continues for global financial markets as geopolitics energy supply and global inflation dynamics provide a difficult backdrop for businesses, for consumers and for policy makers alike. This week following on from the big focus of last week, the Jackson hole address from Fed chair Powell on the economic outlook, a topic that we will cover in more detail in a blog early next week. We get a raft of first tier data from the US.

Consumer sentiment on Tuesday, a key focus of policy makers globally in their assessment of financial conditions and consumer activity how much and how fast and how sensitive even the consumer is to monitory policy tightening.

Manufacturing ISM on Thursday key gauge of activity in the sector will the index maintain expansionary territory especially with their PMI equivalent dipping into contraction, doing so would be a positive surprise.

But the big focus will be on Friday and payrolls. The labor market is a key battleground for fed policy. The path to a soft landing, necessitates cooling labor market without significant job losses. And this has severe implications for domestic demand. And now after last month's positive beat, perhaps the fed may even be hoping for a more modest gain this time around essential viewing nonetheless, on payroll Friday.

Secondly next week we get the latest PMI data from China with the August readings and with one of the world's three major engines faltering at the current juncture or at the very least acutely vulnerable as Europe's energy crisis questions, the sustainability of their economic model and with a fed moving intentionally into restrictive territory to combat the threat of persistent inflation China's growth trajectory is a clearly of great importance for the global backdrop.

Recently publicized troubles, from state zero COVID policy to infrastructure and property market leverage issues. Not to mention recent energy issues driven in part by extreme weather. Have led to easier policy settings, a targeted rate cut in recent weeks and a 1 trillion Yuan targeted economic stability package from the State Council meeting earlier this week.

Going forward, therefore, it is likely that markets will place greater focus on the Chinese data evolution. This week's PMIs especially manufacturing where absolute level is likely to be very close to the 50 expansion contraction boundary will be a key barometer in this regard.

Finally Europe and its energy price problems will likely continue to be center stage for market focus next week, spot gas price levels, and one year ahead, power prices continue to make new highs this week, keeping economic pressure on the region at a maximum and likely made more acute by a further Nord stream One shutdown for three days at the end of this month.

Now the German CPI print for August on Tuesday is expected to rise further to 7.8% year on year. A number flattered even itself by a significant government energy price subsidies. However, is likely that the data release will be another reminder of the dire cost of living and huge fiscal cost, even of the current backdrop related to the current energy crisis. Headlines and further national or EU wide even measures will also be key market drivers.

Furthermore, Markets will watch not just the German CPI, but evaluate it in relation to the US CPI trajectory and relative policy pricing of the ECB and Fed activism going forward. Interesting times for foreign exchange and for relative bond and equity market pricing and another fascinating week for the global macro backdrop.