• European bourses are generally trading in negative territory; US futures follow suit, ahead of a busy earnings slate.
• DXY continues to march higher, USD/JPY climbs back above 152 to a current 152.74 peak.
• USTs are modestly lower ahead of 20yr supply; Bunds were unreactive to a well-received 10yr auction.
• Crude is subdued and continues to await geopolitical updates; XAU is slightly higher whilst base metals are mostly in the...

• APAC stocks were ultimately mixed with the upside capped following the inconclusive performance on Wall St amid a lack of fresh macro drivers, recent upside in yields and ongoing geopolitical tensions.
• ECB policymakers are beginning to debate whether rates will have to go below neutral level in the current easing cycle, according to sources cited by Reuters.
• Israel’s army completed its preparations to attack Iran, and it seems that it will be within days, according...

• European bourses are entirely in negative territory, with initial outperformance in the DAX 40 (due to strong SAP results) now entirely erased; US futures are also lower.
• Dollar is flat, Antipodeans outperform attempting to recoup some of its recent losses.
• Bonds remain on the backfoot in a continuation of the pressure seen in the prior session
• Crude was initially subdued, giving back some of the prior day’s gains; however, following two key...

• APAC stocks traded mixed with participants somewhat cautious following the mostly negative bias stateside.
• European equity futures are indicative of a slightly positive cash open with the Euro Stoxx 50 future +0.1% after the cash market closed lower by 0.9% on Monday.
• DXY is just below the 104 mark, antipodeans are looking to claw back recent losses, USD/JPY is north of the 150 level.
• Fed's Daly (2024 voter) said she has not seen anything so...

• European bourses are generally trading in negative territory, but the FTSE 100 remains afloat owning to gains in Energy/Mining names; US futures are mixed.
• Dollar is firmer, JPY underperforms with USD/JPY attempting to test 150 to the upside.
• Bonds are entirely in the red, Bunds were initially lifted by soft German producer prices, but ultimately succumbed to selling pressure.
• Crude climbs higher attempting to recoup some of the prior week’s...

• APAC stocks began the week mostly positive although gains were capped by the lack of fresh macro catalysts.
• PBoC announced a 25bps cut to China's benchmark LPRs, as expected.
• Israeli PM Netanyahu has said he is undeterred from his war aims following a reported drone attack on his private residence, via BBC.
• European equity futures are indicative of a contained cash open with the Euro Stoxx 50 future -0.1% after the cash market closed higher...

• MON: PBoC LPR
• TUE: NBH Announcement, IMF World Economic Outlook
• WED: BoC Announcement
• THU: EZ/UK/US Flash PMIs (Oct)
• FRI: PBoC MLF (TBC), CBR Announcement, Japanese Tokyo CPI (Oct), German Ifo (Oct), US Durable Goods (Sep), US University of Michigan Final (Oct)

PBOC LPR (MON): PBoC will announce the latest Loan Prime Rates next week in which Chinese banks are likely to reduce the...

• European bourses mixed/firmer given China tailwinds; NQ +0.5%, driven by NFLX +5%
• USD is broadly softer vs peers, GBP outperforms after Retail data, Antipodeans benefit from China data & PBoC musings
• Fixed benchmarks relatively contained, Gilts initially hit on data while EGBs & USTs attempt to move higher
• Choppy trade for Crude into a weekend of potential geopolitical risk. Metals glean support from...

• APAC stocks followed suit to the mixed performance stateside as the region digested further support measures from the PBoC and a slew of Chinese data including mixed Q3 GDP, better-than-expected activity data, and a further decline in House Prices.
• Chinese sentiment was eventually lifted after comments from PBoC Governor Pan who reiterated that they could cut RRR further this year and noted expectations for a 20bps-25bps reduction in the Loan Prime Rates on...

• European bourses trade mostly firmer but to varying degrees, with tech sentiment briefly lifted after strong TSMC results; US futures also gain.
• The dollar is flat, AUD benefits from the stronger-than-expected jobs data, whilst the Loonie underperforms.
• Bonds are on the backfoot and awaiting today’s key risk events which include US Retail Sales and the ECB Policy Announcement.
• Crude oil is choppy and trading on either side of the unchanged...

• APAC stocks were mostly in the green following the rebound of equity markets stateside.
• A press briefing by several Chinese government agencies and the PBoC failed to inspire a turnaround in the property sector.
• European equity futures are indicative of a softer cash open with the Euro Stoxx 50 future -0.1% after the cash market closed lower by 0.8% on Wednesday.
• DXY is steady above the 103.50 mark, AUD leads post-jobs data, EUR/USD trades...

• European bourses are mostly lower, with sentiment hit following poor LVMH/ASML results; the FTSE 100 leads after the region’s cooler-than-expected inflation metrics.
• Dollar is flat, GBP is the clear underperformer after headline/services inflation figures declined more than expected.
• Bonds continue to build on the prior day’s gains, with upside also fuelled by the aforementioned UK CPI report, which has led to clear outperformance in...

• APAC stocks were mixed with early declines seen post-losses on Wall Street following disappointing earnings updates from ASML and LVMH.
• Fed's Daly (2024 voter) said if forecasts are met, she sees one or two more rate cuts this year.
• European equity futures are indicative of a negative cash open with the Euro Stoxx 50 future -0.7% after the cash market closed lower by 1.9% on Tuesday.
• DXY is holding above the 103 mark, EUR/USD is sub-1.09,...

• European equities are mostly lower, with energy/mining names underperforming; US futures are mixed, with slight underperformance in the NQ.
• Dollar is flat, JPY outperforms whilst the Antipodeans are modestly lower.
• Bonds are firmer, continuing the modest rebound seen in the prior session, but also deriving support from lower oil prices.
• Crude is on the backfoot after constructive geopolitical updates, XAU is firmer and base metals are...

• APAC stocks traded mixed as most major indices followed suit to the gains stateside where a tech rally led the S&P 500 and Dow to fresh all-time highs.
• Fed's Waller (Voter) said the Fed should proceed with more caution on rate cuts than was needed at the September meeting.
• European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.3% after the cash market closed higher by 0.7% on Monday.
• DXY is firmer...

• European bourses are mixed, whilst US futures are incrementally firmer.
• Dollar is flat, Antipodeans underperform after poor Chinese data and the lack of stimulus details from China’s MoF.
• Bunds are firmer but with specifics light, USTs cash trade is closed on account of Columbus Day.
• Crude is in the red and near session lows, XAU is incrementally firmer whilst base metals are hampered post-Chinese data.
• Looking...

• APAC stocks were predominantly higher but with the upside initially capped amid the Japanese holiday closure, soft Chinese inflation and lack of China stimulus details.
• Upside became more pronounced as the session continued for mainland China, region still awaits trade data.
• DXY in a tight range, EUR unreactive to Fitch on France; USTs softer but with action sparse on Columbus Day
• Crude pressured by the lack of specifics from China's MOF...

• SUN: Chinese Inflation
• MON: OPEC MOMR, Chinese Trade Balance (Sep), Canada market holiday
• TUE: SARB Announcement, IEA OMR, UK Jobs Report (Aug/Sep), Swedish CPIF (Sep), German ZEW (Oct), Canadian CPI (Sep), New Zealand CPI (Q3)
• WED: Bank of Indonesia Announcement, UK Inflation (Sep)
• THU: ECB Announcement, CBRT Announcement, European Council Meeting, Australian Jobs Report (Sep), EZ Final CPI (Sep), US Retail...

• European equities trade tentatively on either side of the unchanged mark; US futures are very modestly lower.
• Dollar is slightly lower with G10s mixed/flat; GBP was unreactive to mixed GDP figures.
• USTs remain firmer following the strong US 30yr auction, Bunds dip with pressure sparked from unrevised CPI figures (but with internals holding a hawkish skew), Gilts outperform post-GDP.
• Crude is under pressure, XAU gains and continues to extend...

• Mixed APAC trade after hawkish Fed commentary and with the region awaiting the weekend's Chinese MOF update.
• European futures point to a slightly firmer open, US futures were bid but have since faded.
• DXY flat with peers mixed but rangebound, NZD outperforms while havens lag.
• Fixed benchmarks underpinned by the strong US 30yr tap; Crude pulled back from Thursday's gains.
• Israeli Security Cabinet is yet to make a...

• European bourses are mostly lower and US futures trade tentatively ahead of US CPI.
• DXY is flat, JPY outperforms following hawkish BoJ Himino commentary.
• USTs are modestly lower potentially pressured by FOMC Minutes/30yr concession; Gilts lag after IFS analysis.
• Crude is firmer, XAU gains and holds comfortably above USD 2600/oz and base metals are mostly in the green.
• Looking ahead, US CPI, Initial Jobless Claims, US...

• FOMC Minutes stated that some officials would have preferred a 25bps cut, though a substantial majority supported 50bps
• Biden-Netanyahu call was positive; US does not yet know the timing of the strike against Iran
• APAC stocks traded higher, significant outperformance in Hong Kong on fresh PBoC support. European futures point to a slightly firmer open
• DXY rangebound, NZD & AUD outperform given the above and after Wednesday's...

• European bourses are choppy and trading indecisively on either side of the unchanged mark, but the FTSE 100 outperforms; US futures are modestly lower.
• Dollar is firmer with G10s lower across the board to varying degrees; the Kiwi lags after the RBNZ delivered a widely expected 50bps cut and signalled the likelihood of further easing to come.
• Bonds are incrementally firmer, UK auction garnered solid demand but the tail was still large sparking some modest pressure...

• APAC stocks traded mixed and initially took impetus from the positive performance on Wall St where the major indices were led higher amid a tech rally.
• China's Finance Ministry is to hold a press briefing on fiscal policy and economic development on October 12th at 10:00 local time (03:00BST/22:00EDT), while it will introduce details of intensifying fiscal policy adjustment
• RBNZ cut the OCR by 50bps to 4.75% and the RBI kept the Repurchase Rate unchanged at 6.50%,...

• European bourses are subdued across the board, with sentiment hampered after China’s disappointing NDRC press conference; US equity futures are mixed.
• Dollar is slightly lower, JPY is scaling back some recent losses whilst the Aussie is hampered by broader weakness in commodity prices.
• Bonds are flat, having initially opened with a positive bias, UK and German auctions provided no impetus.
• Crude is softer given the broader risk aversion,...