• European bourses/US futures strike a cautious tone after a mixed APAC handover with focus on Evergrande, yields and earnings; ES -0.2%
• Evergrande resumed trade suffering double-digit losses ahead of Sunday's offshore 30 day grace period expiry
• DXY is bolstered alongside safe-havens on the cautious tone though debt fails to benefit in wake of yesterday's US 20yr outing
• Tesla shares are lower in the pre-market trade despite reporting a beat on...

• Asia-Pac indices traded somewhat mixed after the similar performance stateside
• The S&P 500 briefly approached within 5 points of its all-time peak, whilst the Nasdaq lagged
• Tesla shares were seen lower by 1.6% in after-hours trade despite reporting a beat on top and bottom lines
• The DXY remains subdued but north of 93.50 with price action in the FX space relatively contained
• Looking ahead, highlights include CBRT...

• European bourses/US futures are contained after a predominantly firmer APAC lead ahead of earnings/Central Bank speak
• Head of China's FX regulator says the two-way Yuan fluctuations have increased
• ECB's hawk Weidmann is to step-down at year-end for personal reasons
• The DXY remains below 94.00 but is firmer with peers mixed while core debt has recuperated from overnight concession ahead of the US 20yr
• President Biden...

• Asian equity markets traded mostly positive as the region took its cue from the extended gains on Wall Street
• The PBoC maintained its benchmark Loan Prime Rates for the 18th consecutive month
• The DXY remains on a softer footing, EUR/USD hovers around 1.1650 and GBP/USD sits on a 1.38 handle
• President Biden told Democrat lawmakers he believed they could secure an agreement for a tax and spending proposal valued at USD...

• European bourses/US futures are firmer though the upside is marginal amid minimal fresh macro impulses; ES +0.4%
• The DXY remains subdued and sub-94.00, whilst antipodeans lead in the G10 space
• Core debt is contained and the US yield curve is slightly steeper ahead of Central Bank speak and Wednesday's issuance
• Looking ahead, highlights include US Building Permits & Housing Starts, ECB's Elderson, Panetta, Lane, BoE's Bailey, Mann, Pill,...

• Asian equity markets were kept afloat with the region encouraged after the mostly positive lead from the US
• Big tech gained including Apple which, benefitted following its hardware event
• The DXY remains on a softer footing and sub-94.00, whilst antipodeans lead in the G10 space
• Looking ahead, highlights include US Building Permits & Housing Starts, ECB's Elderson, Panetta, Lane, BoE's Bailey, Fed's Harker, Daly, Bostic,...

• European bourses/US futures are softer in-line with the APAC handover; ES -0.4%
• Asia-Pac stocks traded cautiously after disappointing Chinese GDP and Industrial Production data
• Inflationary concerns lingered amid a continued rally in oil prices and with New Zealand CPI at a decade high
• BoE Governor Bailey cautioned that the MPC will have to act to contain inflation and GS now looks for a November hike, ~70% market pricing for...

• MON: Chinese GDP (Q3), Retail Sales (Sep); Industrial Output (Sep).
• TUE: RBA Minutes; Bank of Indonesia Policy Decision; NBH Policy Decision.
• WED: PBoC LPR Setting; UK Inflation (Sep); Canadian CPI.
• THU: CBRT Policy Decision; US Philly Fed (Oct).
• FRI: Japanese CPI (Sep); UK Retail Sales (Sep); EZ, UK and US Markit Flash PMIs (Oct).

NOTE: Previews are listed in...

• Asia-Pac stocks traded cautiously after disappointing Chinese GDP and Industrial Production data
• Inflationary concerns lingered amid a continued rally in oil prices and with New Zealand CPI at a decade high
• BoE Governor Bailey cautioned that the MPC will have to act to contain inflation
• In FX, the DXY heads into the European session firmer and north of 94.00
• Looking ahead, highlights include US Industrial Production,...

• European bourses are firmer but off best levels; US equity futures see broad-based gains
• In FX, the DXY is subdued below 94.00, with JPY lagging and USD/JPY firmly above 114.00
• PBoC says risks to the financial system from Evergrande are controllable and separately that China's inflation is under control
• US State Department spokesperson said they are "engaged in diplomacy" with OPEC+ members regarding output
• Bitcoin...

• Asia-Pac stocks traded higher amid tailwinds from the upbeat mood across global peers; US equity futures drifted higher overnight
• In FX, the DXY was subdued below 94.00; Kiwi outperformed while USD/JPY topped 114.00
• UK government spokesperson said there is “still a substantial gap” between the UK and the EU on the Northern Ireland Protocol
• US State Department spokesperson said they are "engaged in diplomacy" with OPEC+ members regarding...

• European bourses are US futures are upbeat continuing the constructive APAC performance; ES +0.7%
• China saw mixed inflation numbers; CPI printed below estimates but PPI topped forecasts for a record increase in factory gate prices
• DXY has been under pressure and sub-94.00 throughout the morning while core debt grinds higher but Gilts lag
• The EU is reportedly mulling a move that would restrict the European Court of Justice (ECJ) from policing...

• A constructive mood was seen across Asia-Pac stocks; US equity futures marginally gained overnight
• The FOMC meeting minutes laid out the potential announcement timing and parameters of the QE tapering
• China saw mixed inflation numbers; CPI printed below estimates but PPI topped forecasts for a record increase in factory gate prices
• The EU is reportedly mulling a move that would restrict the European Court of Justice (ECJ) from policing the...

• The mood across European stocks has improved from the subdued cash open (Euro Stoxx 50 +0.5%; Stoxx 600 +0.3%)
• US equity futures have also nursed earlier losses and trade in modest positive territory across the board, with the NQ narrowly outperforming
• Apple is reportedly set to slash iPhone production due to the chip crunch
• Chinese trade data saw exports top estimates but imports disappointed
• Looking ahead,...

• Asia-Pac stocks were mixed following the choppy performance stateside with sentiment also hampered by an update from Apple
• Apple is reportedly set to slash iPhone production due to the chip crunch
• Chinese trade data saw exports top estimates but imports disappointed
• Hong Kong markets were kept shut amid a typhoon warning
• The DXY heads into the European open on the backfoot, GBP leads in the G10 space after reclaiming...

• European bourses kicked the day off softer but have since drifted higher; US equity futures nursed earlier losses
• In FX, DXY is off overnight lows, USD/JPY tested 113.00 to the downside, USD/TRY extended above 9.00
• EU antitrust regulators is reportedly likely to open an investigation into Nvidia's (NVDA) USD 54bln bid from Arm
• Chip supply shortage eased in China in September; chip supply is expected to improve in...

• Asian equity markets traded mostly lower following the indecisive mood stateside where major indices gave back initial gains to finish negative
• Sentiment overnight was also hampered by tighter Beijing regulatory scrutiny and with US equity futures extending on losses
• In FX, the DXY sits firmly above 94.00, EUR/USD hovers around 1.1550 and GBP/USD maintains 1.36 status
• Looking ahead, highlights include UK Labour Market Report, German ZEW,...

• Bourses in Europe are mostly but modestly lower (ex-FTSE 100); US equity futures see broad-based losses of 0.3-0.4%
• In FX, DXY is firmer after wiping out earlier losses, USD/JPY tested 113.00, EUR/USD approaches 1.1550, and AUD outperforms
• Chinese Vice Premier Liu He exchanged views with USTR Tai on the trade agreement during a virtual discussion on Saturday
• BoE’s Saunders stated that an increase in interest rates could come “significantly...

• MON: US Columbus Day.
• TUE: BoK Policy Decision; UK Jobs Report (Aug); German ZEW Survey (Oct).
• WED: FOMC Minutes; UK GDP Estimate (Aug); US CPI (Sep); Chinese Trade Balance (Sep); OPEC MOMR; EIA STEO.
• THU: Australian Labour Force Report (Sep); Chinese Inflation (Sep); US PPI (Sep); IEA OMR; Hong Kong Holiday (Chung Yeung Festival).
• FRI: Retail Sales (Sep); US Uni of Michigan Prelim...

• Asia-Pac stocks traded mostly positive after shrugging off the weak post-NFP US lead
• Chinese Vice Premier Liu He exchanged views with USTR Tai on the trade agreement during a virtual discussion on Saturday
• In FX, the DXY maintains 94.00 status, EUR/USD sits on a 1.15 handle and GBP is firmer post-hawkish BoE remarks
• BoE’s Saunders stated that an increase in interest rates could come “significantly earlier” than previously...

• Marginally positive European equity open fizzled out as we await fresh catalysts pre-NFP but oil remains upbeat
• DXY remains above 94.00 but has come under modest pressure though safe-havens continue to lag and core debt remains downbeat
• Mainland China was bolstered on its return from Golden week; China's Caixin Services PMI topped forecasts
• US Senate voted 50-48 to pass the debt limit bill which sends it to the House, while House Majority...

• APAC bourses were mostly higher on the broader upbeat-tone; Mainland China was bolstered on its return from Golden week
• China's Caixin Services PMI beat expectations and the Composite measure climbed into expansionary territory
• In FX, the DXY remains above 94.00 and safe-havens lag, while USTs are modestly subdued heading into NFP
• US National Security Adviser Sullivan said talks with China's Yang Jiechi were productive and noted there were...

• Equities and US equity futures remain buoyed and in relatively contained ranges as we await tomorrow's NFP and the return of China; ES +0.7%
• Holders of Evergrande-linked Jumbo Fortune bonds are reportedly yet to receive payment, holders next step would be to request payment from Evergrande
• DXY remains above 94.00 but has given up gains with peers deriving some marginal benefit
• Core debt has been dictated by Central Bank speak with BoE...

• Asia-Pac stocks traded in the green; Hang Seng outperformed while Mainland China observed the last day of Golden Week
• In FX, the DXY was steady above 94.00, EUR/USD hovered around 1.1550, Antipodeans outperformed
• US and China have an agreement in principle for a Biden-Xi virtual meeting before the end of the year
• US Senate Minority Leader McConnell offered a short-term debt ceiling extension to December
• ECB is to...

• Equities are pressured with sentiment firmly risk-off after the positive US handover fizzled out in APAC hours; ES -1.3%, Euro Stoxx 50 -2.2%
• In FX, the DXY has continued to make ground with the YTD peak of 93.504 in-sight, while debt is subdued but off lows as some safe-haven premium emerges
• Global Times writes, citing analysts, that a possible summit between President's Biden and Xi may be on the Zurich meeting agenda
• US President Biden...