• 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...

• 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...