SHANGHAI, Aug 13 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.

Last night

The US dollar index, which measures the greenback against a basket of its counterparts, edged down on Monday, amid trade tensions between the US and China and concerns of slowing global economic growth.

US stocks fell on Monday as bond yields resumed their August downturn. The benchmark 10-year Treasury yield, which fell to its lowest since 2016 last week, dipped to 1.63%, while the spread between 2-year and 10-year Treasury yields narrowed towards its lowest level since 2007.

LME base metals closed mixed on Monday, with the biggest gain of 1.4% in zinc. Nickel gained 0.3%, tin inched up 0.1%, while aluminium slipped 0.2%, lead fell 0.4% and copper shed close to 0.5%.

SHFE base metals also saw mixed performance overnight. Zinc advanced 1.3%, aluminium rose 0.9% and tin nudged up 0.04%, while nickel lost 0.1%, copper declined 0.3% and lead dropped close to 1%.

China's new yuan-denominated loans stood at 1.06 trillion yuan in July, 397.5 billion yuan less than the same period last year, central bank data showed Monday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8.1% year on year to 191.94 trillion yuan at the end of July, according to the People's Bank of China (PBOC), the central bank.

The M2 growth was 0.4 percentage points slower than the level at the end of June and at the same period last year.

Newly-added social financing, a measurement of funds that individuals and non-financial firms get from the financial system, stood at 1.01 trillion yuan in July, compared with 2.26 trillion yuan in June.

By the end of July, China's total outstanding social financing rose 10.7% year on year to 214.13 trillion yuan.

Day ahead

July consumer price index (CPI) from Germany and the US, ZEW August economic climate index for the Eurozone and Germany will be released today.