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GS Basics - Moving On. ISM Services. Systematic Length FICC and Equities | 5 August 2025 | 6:18AM UTC Overnight, Japan futures were unchanged. The JGB auction was a bit underwhelming, but fixed income remains well-supported, likely a reflection of last week’s softer U.S. data.

The week kicked off on a positive note as investors rushed to buy the dips from last week's correction. While the European indices remain under the pressure of tariffs, there are now two distinct camps regarding whether the major US indices should return to fresh all-time highs or whether a further correction is in order.

















