• 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...

• 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...