• European bourses & US futures reside in the green despite initial PMI-pressure, focus turns to US mega-caps
• DXY in the green and aided by EUR downside to the modest detriment of peers though AUD outperforms post-Bullock
• EGBs bolstered by the PMIs with yields pressured as such while USTs remain more contained pre-data/supply
• Two-way commodity action on data and subsequent geopolitical/macro updates, crude currently in the...

• APAC stocks traded mixed following a similar lead from Wall Street with Mainland China leading the gains overnight.
• DXY eventually dipped under the 105.50 mark as Treasury yields held onto losses; EUR/USD rose above its 50 DMA while USD/JPY tested 149.50 to the downside.
• Bitcoin saw a volatile session as prices surged to levels near USD 35,000 before pulling back to around USD 33,000 and then stabilising around USD 34,500 - some cited ETF...

• Equities in the red as initial European upside dissipates amid the soured risk tone and further yield upside
• USD unable to benefit from the above for much of the morning, but has most recently inched into the green as the US 10yr yield surpasses 5.0%
• JPY shrugs off the latest sources piece around BoJ YCC and resides just shy of 150.00
• Core fixed income benchmarks all reside at session lows with BTPs the outlier and firmer after S&P...

• APAC stocks traded with losses across the board following the downside seen on Wall Street on Friday; Foxconn shares fell amid a Chinese probe.
• Oil futures, spot gold, and the Swiss Franc unwound some geopolitical risk premium overnight amid no major escalation in the Middle East over the weekend.
• An Israeli official said there will be 'no ceasefire' in Gaza, according to CNN. The US is pressing Israel to delay the Gaza invasion to win hostage...

• MON: Bank of Israel Announcement, EZ Consumer Confidence (Oct), US National Activity Index (Oct)
• TUE: German GfK Consumer Confidence (Nov), EZ/UK/US Flash PMIs
• WED: BoC Announcement, NBH Announcement, Australian CPI (Q3/Sep), German Ifo Survey (Oct)
• THU: ECB Announcement, CBRT Announcement, South Korean GDP Advanced (Q3), US GDP Advanced (Q3
• FRI: CBR Announcement, Japanese Tokyo CPI (Oct), Australian PPI...

• European bourses are following the APAC handover and reside well into the red, US futures lower but nearer unch.
• USD struggling for direction in somewhat narrow parameters as USD/JPY probes 150.00 while GBP slips post-data/BoE speak
• Crude and precious metals firmer with geopolitics continuing to drive action while base metals dip post-APAC trade
• Bunds and USTs remain firmer with long-end yields pulling back a...

• APAC stocks mostly declined following the losses on Wall St post-Powell and as geopolitical tensions remain high.
• Fed Chair Powell suggested that policy was not too tight but also noted that higher bond yields at the margin could reduce the need for the Fed to tighten.
• Israel's military received the 'green light' to move into Gaza, according to ABC News citing an Israeli official.
• European equity futures are indicative of a lower open with...

• European bourses and US futures reside in the red with earnings dominating newsflow; NFLX +13.5%, TSLA -4.8%, SAP +4.8%.
• USD has been grinding higher alongside yields to the detriment of peers with the slim exception of EUR & JPY
• Crude benchmarks reside in the red after Wednesday’s gains with metals mixed and spot gold near unchanged
• Reports of renewed heavy shelling by Israel in Gaza while reports indicate Israel won backing from Biden...

• APAC stocks were lower across the board amid spillover selling from global peers.
• After-hours earnings in the US saw Netflix surge 12.8%, whilst Tesla fell 4.2%.
• European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.6% after the cash market closed down 1.1% yesterday.
• FX markets are steady with DXY caged in a tight range above 106.50, AUD suffers post-jobs data and USD/JPY continues to eye...

• European bourses/US futures experience pressure as geopolitical tensions overshadow stronger than expected Chinese activity data
• DXY comfortably above 106.00 but just off best, Yuan unable to benefit from mentioned data while GBP benefits from UK CPI
• Debt benchmarks pressured post-data though have climbed off lows with Bunds probing positive territory post-supply
• Commodities derive support from China and geopols., crude benchmarks hit highs...

• APAC stocks traded mixed following a similar performance on Wall St while the region also digested the latest Chinese GDP and activity data which topped forecasts.
• The latest geopolitical headlines included news of a strike on a hospital in Gaza which saw both sides point the blame at each other.
• European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 future -0.2% after the cash market closed up 0.1%...

• European bourses & US futures are mixed to modestly pressured as a better-than-expected ZEW is overshadowed by geopolitics
• EUR off lows given the data and support via expiries at 1.05, action which has pulled the DXY away from its 106.49 peak, JPY action on BoJ sources re. inflation outlook
• Geopolitical updates incl. confirmation that Biden will travel to Israel on Wednesday, since then there has been bouts of punchy rhetoric from Iran’s...

• APAC stocks were mostly positive following the gains across global counterparts, although the upside was capped amid threats from Iran.
• Iran's Foreign Minister said pre-emptive actions by the resistance front could be expected in the coming hours (comments made last night).
• US President Biden will travel to Israel on Wednesday and will reaffirm US solidarity with Israel.
• European equity futures are indicative of a contained open with the...

• European bourses are under modest pressure as geopolitical developments keep tensions elevated and the tone tentative
• Israeli military spokesperson said their goal is to completely destroy the governing and military capabilities of Hamas.
• Iranian Foreign Minister said ‘If the Zionist aggressions do not stop, the hands of all parties in the region are on the trigger’
• DXY towards the lower-end of bounds with CHF lagging after recent haven...

• APAC stocks were mostly lower amid ongoing geopolitical concerns with the Israel-Hamas conflict threatening to spill over to neighbours in the region.
• Israeli military spokesperson said their goal is to completely destroy the governing and military capabilities of Hamas.
• Iranian Foreign Minister said ‘If the Zionist aggressions do not stop, the hands of all parties in the region are on the trigger’
• European equity futures are indicative of a...

Week Ahead 16-20th October

• SAT: New Zealand General Election
• MON: New Zealand CPI (Q3), PBoC MLF
• TUE: RBA Minutes, German ZEW Survey (Oct), US Retail Sales (Sep), Canadian CPI (Sep)
• WED: Chinese GDP (Q3), Chinese Industrial Output (Sep) and Retail Sales (Sep), UK Inflation (Sep), EZ Final HICP (Sep)
• THU: BoK Announcement, Bank of Indonesia Announcement, Japanese Trade Balance (Sep),...

• European bourses and US equity futures have been tilting lower since the cash open despite a lack of major headlines, with traders cognizant of geopolitical risks heading into the weekend.
• Dollar loses some inflation momentum as DXY slips from a double top into a softer 106.510-280 range; T-note is nudging new peaks amidst a return to bull-flattening regardless of a poor long bond auction to continue the run of weak sales this week.
• Crude futures are on the grind...

• APAC stocks were mostly lower amid headwinds from the US, while the region also digested softer-than-expected inflation and mixed trade data from China.
• European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.3% after the cash market closed down 0.1% yesterday.
• DXY remains on a 106 handle, EUR/USD lingers around 1.0550, GBP reclaimed 1.22 vs. the USD.
• US eyes closing loophole that gives Chinese companies...

• European bourses are trading with modest gains in the wake of the late gains on Wall Street yesterday and the upbeat APAC session overnight.
• Dollar is depressed ahead of US CPI data after brief bounces post-PPI and FOMC minutes. Euro retains 1.0600+ status vs Buck. Yen is still drawn to 149.00 against Greenback.
• Debt futures fade after another strong rally to fresh cycle peaks for Bunds and Gilts.
• Chinese GDP growth might slow in Q3 to above...

• FOMC Minutes stated that officials generally judged risks to achieving the FOMC's goals had become more two-sided.
• APAC stocks were firmer after the region took impetus from the intraday rebound on Wall St.
• European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.4% after the cash market closed down 0.1% yesterday.
• DXY remains on a 105 handle, GBP/USD and USD/JPY are back on 1.23 and 149 handles...

• European bourses have held onto the mixed theme seen at the cash open with underperformance seen in the CAC 40 and Euro Stoxx 50 on the back of disappointing earnings from heavyweight LVMH.
• Bonds are back in vogue as duration and safe haven demand propel prices higher amidst long-end outperformance; UK supply was snapped up and German issuance meets mixed reception.
• Spot gold and silver are marching higher, potentially amid haven flows as the Israeli war rages on...

• APAC stocks were higher after the positive momentum rolled over from global peers owing to dovish Fed rhetoric and China stimulus hopes.
• Hezbollah said it targeted an Israeli tank with missiles and that Israel struck a number of observation posts.
• European equity futures are indicative of a weaker open with the Euro Stoxx 50 future -0.6% after the cash market closed up 2.3% yesterday.
• DXY languishes beneath 106, EUR/USD hovers around 1.06,...

• European bourses trade on the front-foot in a catch-up play to the afternoon gains on Wall Street; US futures are trading slightly firmer, continuing to extend on gains seen in yesterday’s session.
• Dollar pulls back under 106.00 as risk appetite picks up, JPY underperforms with USD/JPY hovering around 149.00; Bonds futures settle down after Monday's Middle East safety flight.
• China reportedly weighs new stimulus and higher deficit to meet growth target, according to...

• APAC stocks were mostly positive as key markets reopened from the long weekend and following the recovery seen on Wall Street.
• Stocks in the US recovered following dovish-leaning Fed rhetoric which acknowledged the impact of higher Treasury yields on financial conditions.
• Israeli PM Netanyahu said air strikes against Hamas in Gaza are just the beginning, while he added that Hamas sought war and Hamas will get war.
• European equity...

• European bourses have mostly kicked the week off on the backfoot as geopolitical concerns grip the market narrative following a surprise multi-front attack by Hamas on Israel.
• Crude futures overnight saw intraday gains of more than 5% after Hamas' attack on Israel which Iranian officials reportedly helped to plan.
• DXY grinds higher along with other safe havens after the onset of war between Israel and Hamas; ILS sees heavy losses despite intervention by the Bank of...