• APAC stocks were subdued with price action indecisive as the region took its cue from the choppy performance and late selling stateside.
• BoE Governor Bailey appeared to reject industry calls for an extension to Gilt purchases. However, an FT report later suggested that purchases could be prolonged.
• European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.2% after the cash market closed with losses of 0.5%...

• European bourses are once again underwater; US futures are also on the backfoot with the ES Dec'22 contract dipping below 3600
• DXY is firmer on the day with a current intraday high of 113.50, G10s are mixed vs the USD with the CAD and AUD the laggards
• Schatz and Bund futures both retreated to new intraday lows, 10yr UK debt future also recoiled to a deeper Liffe low, and US Treasuries are narrowly mixed 
• BoE said it intends to purchase...

• APAC stocks traded with a negative bias as several markets returned from the long weekend and reacted to the recent bearish themes.
• European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.6% after the cash market closed with losses of 0.6% yesterday.
• DXY extended above 113, AUD lags G10 FX again, USD/JPY failed to make a YTD peak, EUR/USD retreated below 0.97.
• Fed Vice-Chair Brainard that easing...

• European bourses kicked the week off on the backfoot but have since trimmed losses; US equity futures are mostly softer but off lows.
• DXY extends on Friday's gains with the index back above the 113.00 mark, AUD lags and USD/CNH topped 7.1500.
• Bunds and US Treasuries are off best levels amidst hawkish ECB rhetoric and an upturn in overall risk sentiment whilst Gilts are still deeply underwater.
• Explosions were reported across several...

• APAC stocks were negative in holiday-thinned trade, while the region digested a contraction in Chinese Caixin PMI and Friday's NFP.
• European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.7% after the cash market closed with losses of 1.7% on Friday.
• DXY stalled out just ahead of 113, FX is otherwise contained, AUD lags peers.
• Russian President Putin described the Crimea bridge explosion as an act of terrorism...

• MON: Norwegian CPI (Sep); EZ Sentix Index (Aug); Japan Holiday.
• TUE: UK Jobs Report (Sep).
• WED: G20 Meeting (1/2); BoK Announcement; UK GDP (Aug); US PPI (Sep); FOMC Minutes (Sep); EIA STEO; Hong Kong Holiday.
• THU: G20 Meeting (2/2); German Final CPI (Sep); Swedish CPI (Sep); US CPI (Sep).
• FRI: Chinese Inflation (Sep); Chinese Trade Balance (Sep); Indian Inflation (Sep); US Retail Sales (Sep); US University...

• European bourses are modestly on the backfoot, though have trimmed this slightly as the session progresses, in limited newsflow pre-NFP.
• Stateside, futures are similarly contained and lie either side of the unchanged mark with NQ -0.1% modestly lagging amid yield upside
• Typically tense pre-NFP trade has seen the DXY briefly dip below 112.00, to a 111.94 low, before regathering itself and holding marginally above the figure.
• Core benchmarks...

• APAC stocks were lower as the region followed suit to the weak performance seen in global counterparts (S&P 500 -1.02%)
• European equity futures are indicative of a softer open with the Euro Stoxx 50 future -0.4% after the cash market closed with losses of 0.4% yesterday.
• FX markets were contained overnight, DXY held onto 112 status, EUR/USD lingers around 0.98, Cable sits on a 1.11 handle.
• Fed officials continued to push back against the...

• European bourses are under modest pressure as sentiment broadly takes a slight turn for the worst amid limited newsflow as participants look to Friday's NFP.
• USD benefits from the mentioned risk tone, with the DXY extending to a 111.35 peak to the modest detriment of peers; though EUR is relatively resilient.
• Gilts are once again the standout laggard following rating agency action and the BoE DMP showing inflation pressures were already elevated MM before the fiscal...

• APAC stocks traded mixed following a lacklustre lead from the US where the major indices paused their two-day rally.
• European equity futures are indicative of a higher open with the Euro Stoxx 50 future +1.3% after the cash market closed with losses of 1.1% yesterday.
• DXY lingers just below 111.00, EUR/USD has reclaimed 0.99 status, Cable is back on a 1.13 handle, Antipodeans lead the majors.
• Crude was uneventful overnight but held on to the...

• European bourses are under pressure following the strong gains seen in Tuesday's session with fresh newsflow fairly limited heading into key US data, Euro Stoxx 50 -1.1%.
• Stateside, ahead of those metrics which will be eyed for further clues around a 'pivot', futures are under similar pressure
• USD has benefited from a rebound in yields and perhaps on phycological/technical grounds, DXY nearing 111.00 to the detriment of peers
• Core debt is...

• APAC stocks traded higher across the board as the region sustained the momentum from Wall St where major indices extended their rally (SPX +3.06%, NDX +3.14%).
• European equity futures are indicative of a softer open with the Euro Stoxx 50 future -0.5% after the cash market closed with gains of 4.3% yesterday.
• DXY attempted to nurse some of its recent losses, cable and EUR/USD stalled just ahead of 1.15 and parity respectively. 
• The US...

• European bourses have commenced the session on the front foot as broader sentiment remains constructive largely in a continuation of yesterday's recovery.
• Stateside performance is very in-fitting, ES +1.5%, ahead of Fed speak and after a constructive update from Foxconn.
• USD continues to pullback to the broad benefit of peers, DXY sub-111.00 at worst while Cable reclaims 1.14
• Core debt is bid across the board, though has since dipped from...

• APAC stocks notched firm gains as the region took impetus from the strong performance on Wall St (SPX +2.59%, NDX +2.36%).
• European equity futures are indicative of a higher open with the Euro Stoxx 50 future +1.5% after the cash market closed with gains of 0.7% yesterday.
• The RBA slowed down the pace of rate hikes with a surprise 25bps increase instead of the expected 50bps move.
• DXY remains sub-112, AUD lags post-RBA, cable sits on a 1.13...

• European equities have kicked the week off on the backfoot following the selling pressure seen on Wall Street on Friday whilst the APAC session saw holiday-thinned conditions
• US futures are more of a mixed bag with the tech-laden NQ incrementally lagging peers.
• Cable lifted to a 1.1279 best sending DXY below 112.00; however, this action has since eased with peers heavily mixed vs. USD
• Core benchmarks lifted markedly alongside the...

• APAC stocks were mostly lower as the region failed to shrug off the negative mood following last Friday’s losses on Wall St.
• European equity futures are indicative of a lower open with the Euro Stoxx 50 future -1.7% after the cash market closed with gains of 1.2% on Friday.
• DXY has reclaimed 112, GBP lags G10 FX and hovers just below 1.11, antipodeans lead the majors.
• OPEC+ sources on Sunday said the group may opt for cuts over 1mln...

Week Ahead October 3-7th, 2022:

• MON: BoJ SOO, Bank of Israel Announcement, Japanese Tankan Survey (Q3), Swiss CPI (Sep), EZ/UK/US Final Manufacturing PMI (Sep), US ISM Manufacturing PMI (Sep)
• TUE: RBA Announcement, US Durable Goods (Aug)
• WED: RBNZ Announcement, South Korean CPI (Sep), German Trade Balance (Aug), EZ/UK/US Final Services & Composite PMI (Sep), US ADP (Sep), Canadian Trade Balance (Aug), US ISM Services PMI (Sep), OPEC+...

• European equities are attempting to claw back some of yesterday’s downside on quarter and month end; US futures similarly bid
• GBP's revival has continued ahead of a meeting between PM Truss and the OBR, with a statement expected
• A move that has taken Cable above 1.12 but shy of mini-Budget levels; DXY sub-112.00 at worst, though still firmer overall.
• Debt Benchmarks bid but modestly off best levels with Bunds leading the charge, but well...

• APAC stocks were mostly lower after the negative performance across global peers (SPX -2.11%, NDX -2.86%).
• European equity futures are indicative of a flat open with the Euro Stoxx 50 future unch. after the cash market closed down 1.7% yesterday.
• DXY reclaimed 112 to the upside, EUR/USD maintained 0.98 status, whilst cable extended recovery gains to breach 1.12 at one stage.
• EU senior diplomat said EU countries are nowhere near a consensus...

• European stocks are experiencing another bleak session thus far as the overnight gains in futures dissipated heading into the cash open.
• USD has regained some poise after a mid-week pullback; though, the DXY remains off earlier 113.79 highs
• Yuan has derived pronounced support from Reuters reports that China's state banks have been told to stock up for intervention offshore
• UK PM Truss stuck to the Chancellor's mini-Budget, saying it is the...

• APAC stocks traded higher as the region took impetus from the rally on Wall St (SPX +1.91%).
• European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.6% after the cash market closed up 0.2% yesterday.
• DXY reclaimed 113 status with majors broadly softer vs. the greenback, GBP lags after Cable encountered resistance around 1.09. 
• 10yr UST futures eased from this week’s highs as yesterday’s Gilt-driven...

• BoE is to undertake temporary Gilt purchases and is pushing back the commencement of QT to restore orderly conditions.
• Initial debt pressure has given way to pronounced and increasing upside following the BoE's statement, Gilts +350ticks, Cable whipsawed but ultimately settled near pre-release.
• European bourses remain softer on the session, with sectors still defensive; though, this pressure has waned in wake of BoE action.
• Crude benchmarks...

• APAC stocks were lower across the board following the renewed bond selling on Wall Street.
• European equity futures are indicative of a lower open with the Euro Stoxx 50 future -1.2% after the cash market closed down 0.4% yesterday.
• DXY has extended gains above 114.00, antipodeans lag majors, EUR/USD and GBP/USD are on 0.95 and 1.06 handles respectively.
• 10yr UST futures remained subdued after the prior day’s renewed selling with the 10yr...

• European bourses are mixed, Euro Stoxx 50 +0.2%, as the complex wanes from best levels ahead of a packed Central Bank agenda.
• DXY has eased from newly formed peaks as yields ease from highs and broader sentiment stages a modest recovery.
• GBP and Gilts have reclaimed some composure following recent pronounced pressure, all eyes on BoE's Pill.
• Stateside, USTs are holding firm and similarly at the top-end of ranges ahead of numerous Fed...

• APAC stocks were mostly higher in which the majority of indices shrugged off the negative lead from Wall St (-1.02%).
• European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.5% after the cash market closed down 0.2% yesterday.
• DXY pulled back from recent highs, Cable has recovered to a 1.07 handle, NZD leads FX majors.
• BoE said it is monitoring developments in financial markets very closely and it will not...