• 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...

• A surprise multi-front attack by Hamas on Israel resulted in at least 700 Israeli deaths and prompted Israel to declare war on Hamas.
• Crude futures have seen intraday gains of more than 5% after Hamas' attack on Israel which Iranian officials reportedly helped to plan.
• European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.3% after the cash market closed up 1.1% on Friday.
• DXY is marginally firmer, EUR/USD...

Week Ahead 9-13th October

• MON: EZ Sentix Index (Oct)
• TUE: Nil
• WED: EIA STEO, US PPI (Sep). FOMC Minutes
• THU: ECB Minutes, OPEC MOMR, IEA OMR, UK GDP (Aug), US CPI (Sep)
• FRI: Chinese Inflation (Sep), Chinese Trade Balance (Sep), EZ Industrial Production (Aug), US University of Michigan Prelim

NOTE: Previews are listed in day order

FOMC...

• European bourses trade on the front foot as indices attempt to recoup lost ground, US futures are trading marginally firmer, with overall sentiment tentative ahead of the big NFP report.
• DXY is caged to a tight 106.34-55 with FX markets generally steady, Pound perked up enough in early trade to probe 1.2200 and EUR/USD secured a firmer grasp of the 1.0500 handle.
• Crude futures are choppy with two-way price action seen this morning as the complex consolidates after...

• APAC stocks traded mostly higher albeit with some of the upside capped following the inconclusive performance on Wall St.
• RBI kept the Repurchase Rate unchanged at 6.50%, as expected.
• European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.3% after the cash market closed flat yesterday.
• DXY is steady just below 106.50, EUR/USD hit resistance at 1.0550, USD/JPY remains sub-149.
• ECB's...

• European bourses are choppy but ultimately trade flat at the time of writing in what has thus far been a session void of incremental macro news.
• DXY index remains relatively contained between 106.500-840 confines; Antipodeans narrowly outperform; Pound was flagging even before a more contractionary than feared UK construction PMI.
• Having bounced further Wednesday’s lows, bonds are showing traits of fatigue and a reversion to the bear trend that was in place before...

• European bourses are now mostly but modestly firmer after trimming the losses seen at the cash open; US futures scaled back earlier losses to hover around neutral levels.
• DXY gravitates as Treasury yields slip, risk sentiment improves and various institutions step up intervention - with the index retreating from 107.240.
• Debt complex feels reprieve following a deeper downturn in futures and an extension in yields.
• Crude is softer intraday...

• APAC stocks declined following the losses on Wall Street where stocks and bonds resumed their slide.
• European equity futures are indicative of a lower open with Euro Stoxx 50 future -0.2% after the cash market closed down 1.0% yesterday.
• DXY lingers above the 107 mark, USD/JPY sits on a 149 handle after yesterday's suspected intervention.
• Japanese Finance Minister Suzuki responded 'no comment' when asked if Japan...

• European bourses are a touch softer with yields in focus, US futures slightly firmer ahead of data & Fed speak
• DXY ran into resistance and has faded from a 107.21 best, but does remain incrementally firmer; Antipodeans lag post on-hold RBA
• EGBs pressured with BTPs seemingly leading and pulling Gilts and USTs lower in sympathy
• Crude benchmarks and precious metals little changed overall with the USD...

• APAC stocks declined amid the rising global yield environment and the continued absence of some key markets.
• The RBA unsurprisingly kept rates steady in Governor Bullock's inaugural meeting and with the statement largely a carbon copy from the Lowe era.
• European equity futures are indicative of a lower open with Euro Stoxx 50 future -0.7% after the cash market closed down 0.9% yesterday.
• DXY is firmer above 107, EUR/USD is subdued beneath...

• European bourses & US futures have given up initial gains but action remains tentative pre-data/Powell and after mixed Chinese PMIs
• US House/Senate passed a short-term spending bill, Biden signed a 45-day stop-gap measure into law
• DXY is bid on dips and towards the top-end of 106.04-49 parameters with JPY lagging; antipodeans cautious ahead of policy announcements
• Core debt benchmarks back under pressure ahead of afternoon...

• US House and Senate passed a short-term spending bill to keep the government funded until November 14th.
• APAC stocks traded mixed in severely holiday-quietened conditions amid the mass closures in the region.
• European equity futures are indicative of a contained open with Euro Stoxx 50 future flat after the cash market closed up 0.3% on Friday.
• DXY is flat and in tight parameters, AUD lags, JPY also softer after USD/JPY printed an...

Week Ahead 2nd-6th October

• MON: BoJ SOO, Riksbank Minutes, Japanese Tankan Survey (Q3), EZ/UK/US Final Manufacturing PMIs (Sep), US ISM Manufacturing PMI (Sep), Chinese Market Holiday (Sep 29-Oct 8)
• TUE: RBA Announcement, Swiss CPI (Sep), Chinese Market Holiday (Sep 29-Oct 8)
• WED: RBNZ Announcement, OPEC+ JMMC Meeting, EZ/UK/US Final Manufacturing PMIs (Sep), EZ PPI and Retail Sales (Aug), ISM Services PMI (Sep), Chinese Market...

• European bourses are trading higher across the board with the Stoxx 600; US equity futures are also firmer in a continuation of yesterday's gains.
• DXY succumbs to more intense selling pressure amid softer US Treasury yields and renewed risk appetite; Antipodeans outperform.
• EGBs rebound following softer-than-expected German Retail Sales, French and pan-EZ inflation metrics.
• Crude prices have been relatively flat throughout the European...

• APAC stocks mostly took impetus from Wall St’s positive lead as yields and oil prices declined from recent peaks.
• US Senate bill to avert a government shutdown garnered enough votes to advance, as expected.
• European equity futures are indicative of a contained open with Euro Stoxx 50 future flat after the cash market closed up 0.7% yesterday.
• DXY tested 106 to the downside, major peers trade on the front foot vs. the greenback, antipodeans...

• European bourses trade softer following a predominantly negative close yesterday as a lack of positive catalysts keeps sentiment suppressed.
• DXY settled down under 106.50 after extending gains on Wednesday when various bullish impulses combined to boost the Buck.
• Bunds and Gilts have been in freefall alongside Eurozone periphery debt, the T-note managed to tread water for the most part.
• US Senate is to vote today at 16:30BST/11:30EDT on a...

• APAC stocks traded mixed following the indecisive performance in the US amid further upside in global yields and higher oil prices.
• European equity futures are indicative of a contained open with Euro Stoxx 50 future flat after the cash market closed up 0.1% yesterday.
• US Senate is to vote today at 16:30BST/11:30EDT on a motion to proceed the "shell" bill to avoid a shutdown, according to Fox.
• DXY holds gains above the 106 mark, EUR/USD...

• European bourses are firmer in early trade, albeit it is hard to see today’s bounce as much more than a reprieve from recent losses with not a great deal changing since yesterday’s close.
• DXY consolidates gains on the 106.00 handle within a 106.16-32 range as month/quarter-end rebalancing demand offsets negative factors.
• Price action in bonds is decidedly more encouraging or less destructive than it has been for a while and decent blocked curve flatteners...

• APAC stocks traded mixed as a rebound in Chinese Industrial Profits partially offset the subdued handover from Wall St.
• European equity futures are indicative of a contained open with Euro Stoxx 50 future flat after the cash market closed down 0.9% yesterday.
• US Senate voted to clear a procedural hurdle of the Senate bipartisan bill to avoid a shutdown; McCarthy says stopgap funding bill will be brought to the House floor on Friday.
• DXY...

• European bourses are on the backfoot but off the worst levels seen at the cash open despite a lack of fresh fundamental headlines, with the UK's FTSE outperforming on a weaker GBP.
• US futures are pressured amid a generally negative risk tone across the market and a lack of any fresh catalysts.
• DXY has trimmed earlier upside after initially gaining more ground against the majority of its currency rivals amidst the ongoing rout in debt, and in the run-up to month...

• APAC stocks were mostly lower with headwinds from the rising global yield environment.
• US Senate Republican and Democrat negotiators are nearing a deal on a short-term spending measure, according to Blomberg.
• European equity futures are indicative of a softer open with Euro Stoxx 50 future -0.2% after the cash market closed down 1.0% yesterday.
• DXY lingers around the 106 mark, EUR/USD sits on a 1.05 handle, USD/JPY has taken a breather after...

• European bourses extended on losses since the cash open, despite no obvious catalyst to drive price action, and with no initial move seen in response to the German Ifo metrics - a release which on balance was better-than-expected. 
• US equity futures reversed their earlier gains and saw an acceleration in losses at one point despite a lack of fresh drivers at the time. The futures have since stabilised around flat levels intraday. 
• DXY retains an underlying...

• APAC stocks traded with a mostly negative bias; Evergrande cancelled its creditor meeting and is scrapping its USD 35bln debt restructuring plan.
• European equity futures are indicative of a softer open with Euro Stoxx 50 futures -0.2% after the cash market closed down 0.1% on Friday.
• DXY is contained above 105.50, EUR/USD lingers below 1.0650, USD/JPY maintained 148 status, and antipodeans narrowly lagged.
• House Republicans are said to...