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  • 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...
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  • 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...
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  • 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...
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  • 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...
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  • 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...
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  • 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...
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  • 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...
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  • 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%,...
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  • 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,...
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  • APAC stocks were ultimately mixed after the negative lead from Wall St; China's NDRC press conference was met with disappointment.
  • European equity futures are indicative of a negative cash open with the Euro Stoxx 50 future -0.8% after the cash market closed higher by 0.3% on Monday.
  • DXY is steady on a 102 handle, EUR/USD remains sub-1.10, USD/JPY sits just above the 148 mark.
  • New York Times cited officials that stated Israel is likely to...
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  • Equities are modestly lower across the board and unable to continue the post-NFP gains seen on Friday.
  • Dollar is flat and attempting hold onto its recent gains, JPY firmer vs Dollar whilst the GBP narrowly underperforms.
  • Bonds continue to extend on the post-NFP losses with the US 10yr yield now incrementally above 4%; highest since Aug 8.
  • Crude is firmer given the geopolitical backdrop, XAU is flat whilst base metals are...
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  • APAC stocks began the week on the front foot following last Friday's gains on Wall St owing to the blockbuster jobs report.
  • European equity futures are indicative of a positive cash open with Euro Stoxx 50 futures +0.3% after the cash market closed higher by 0.7% on Friday.
  • DXY has held onto most of Friday's post-NFP gains, EUR/USD is on a 1.09 handle, USD/JPY briefly traded above the 149 mark overnight.
  • Israel continued its wave of...
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  • European bourses are mixed whilst US equity futures trade tentatively on either side of the unchanged mark ahead of today’s US NFP report.
  • Dollar is rangebound, GBP and JPY are attempting to claw back some of their recent losses.
  • USTs are flat whilst Bunds slip extending on this week’s pressure; Gilts are also on the backfoot fuelled by hawkish-leaning commentary from BoE’s Pill.
  • Crude continued to hold an upward bias as focus remains on the...
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  • APAC stocks traded mixed amid light pertinent catalysts for the region ahead of the latest US NFP report.
  • US dock workers have agreed a deal to end their current strike action.
  • European equity futures are indicative of a marginally positive cash open with the Euro Stoxx 50 future +0.1% after the cash market closed lower by 0.9% on Thursday.
  • DXY sits just below the 102 mark, JPY outperforms major peers, EUR/USD remains on a 1.10...
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  • European bourses are lower across the board (ex-FTSE 100), US futures are in negative terrirtory ahead of today’s US data deluge.
  • Dollar is firmer vs G10 peers, GBP underperforms after BoE Governor Bailey said the bank could be a "bit more aggressive" in cutting rates provided the news that inflation continues to be good.
  • Bonds are on the backfoot, extending on the pressure seen post-ADP on Wednesday; Gilts outperform following the dovish-leaning Bailey...
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  • APAC stocks traded mixed amid the backdrop of several holiday closures and ongoing geopolitical tensions, while Hong Kong participants booked profits.
  • Fed's Barkin (2024 voter) said he sees two 25bps cuts this year as "a reasonable path" if the economy evolves as expected.
  • BoE Governor Bailey said the bank could be a "bit more aggressive" in cutting rates provided the news that inflation continues to be good, in an interview with The...
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  • European bourses are generally on a firmer footing whilst US futures are modestly lower with slight underperformance in the RTY
  • Dollar is flat unable to continue the prior day’s geopolitical-indued gains, JPY underperforms with USD/JPY around 144.25
  • USTs are flat and Bunds give back some of its recent strength, Gilts follow peers and took another leg lower following an auction
  • Crude continues to benefit from the geopolitical risk premium,...
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  • APAC stocks traded mixed with some cautiousness seen amid heightened tensions in the Middle East after Iran conducted a missile attack on Israel.
  • Israeli officials cited by Axios said Israel will launch a strong response within days, which could target oil production facilities inside Iran.
  • European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.4% after the cash market closed lower by 0.9% on...
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  • Equities are mixed ahead of US ISM Manufacturing and JOLTS data; RTY marginally underperforms
  • Dollar is firmer continuing the gains seen post-Powell on Monday, EUR was fairly unreactive to EZ Manufacturing PMIs/HICP
  • USTs are firmer and back to pre-Powell levels, Bunds also gain but were unmoved by the EZ PMIs which were revised modestly higher but the overall growth narrative remains weak
  • Crude continues to slip, XAU gains and base metals...
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  • APAC stocks began the new quarter mixed amid a slew of data releases and several key market closures with Mainland China, Hong Kong and South Korea closed
  • Fed Chair Powell hinted at a return to 25bp rate cuts and noted that the Fed is not in a rush to cut rates quickly.
  • Israeli military said it began limited, localised and targeted raids against Hezbollah targets in the border area of southern Lebanon.
  • European equity futures are...
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  • European equities post losses to varying degrees, with autos hit after several guidance cuts; US equity futures are flat/subdued with the focus on Fed Chair Powell later.
  • Dollar is slightly softer, Antipodeans benefit from the positivity surrounding China whilst the traditional havens CHF & JPY lag.
  • Bonds are modestly softer to varying degrees; Bunds were not too reactive after the German Regional CPI metrics painted a picture of cooling Y/Y inflation ahead of...
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  • APAC stocks were mixed heading into month-end amid the backdrop of recent geopolitical escalation and as participants digested a slew of data releases.
  • Chinese PMI data was overall mixed but included a contraction in both official and Caixin Manufacturing PMIs.
  • Reports suggest that Israeli forces are concentrated on the northern front and preparing for a ground invasion of Lebanon.
  • European equity futures are indicative of a positive...
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  • European bourses are very modestly firmer, whilst US equity futures are mixed ahead of US PCE
  • Dollar is stronger vs peers, but losing vs JPY after hawkish candidate Ishiba won the Japanese LDP leadership race to become the next Japanese PM
  • Bunds outperform following softer-than-expected inflation metrics out of Spain & France; figures which led to further dovish repricing for the ECB’s October meeting
  • Crude oil is modestly firmer with...
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  • APAC stocks followed suit to the gains on Wall St; Chinese stimulus remained the main driving force overnight.
  • Nikkei 225 and USD/JPY upside were seen as dovish LPD candidate Takaichi is said to face Ishiba in Japan's LDP runoff.
  • Fed's Cook (voter) said upside risks to inflation have diminished and downside risks to employment have increased.
  • European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.3%...
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  • Equities are entirely in the green, with optimism lifted amid Chinese stimulus efforts; MU +15% pre-market after strong earnings and solid guidance
  • Dollar is softer, Antipodeans benefit from the risk-tone but weighs on the JPY
  • USTs are flat, EGBs benefit on reports that ECB doves are pushing for an October cut and amid reports surrounding France’s fiscal situation
  • Crude tumbles on constructive geopolitical updates, XAU and base metals...
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