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    Nylon Handover: Cautious trading ahead of China data dump

    Implied volatility remained high overnight whilst actual volatility remained relatively subdued following turmoil across markets last week. Focus now shifts back to China data dump at 1pm AEDT today. 

    - Brent and Crude remain near their multi-year lows after breaking below the $30 per barrel threshold. Iran are preparing to flood the markets with a further 2m barrels per day after having sanctions lifted, but are waiting for financial institutions to be able to process their payments via systems. With the market already oversupplied and with record stockpiles then any further supply will dampen any hopes of higher prices in 2016, with some expecting oil to remain below $30 for the foreseeable future. 
    - Volatility remained elevated with the VIX sitting at 27.02 (up 12.8% on the session) after seeing an intraday 18-week high above 30. 
    - Whilst volatility expectations remained high global stocks remained under pressure, weighed down by the energy sector and trading cautiously near Friday's lows. 
    - Markets now await crucial data from China who release GDP, retail sales and industrial production at 1pm AEDT (2am GMT)




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