• European bourses are contained after a subdued APAC lead, with performance dictated by the packed earnings docket; ES +0.1%
• In FX, the DXY is modestly firmer but sub-94.00, though peers are mixed across the board and relatively contained overall
• Australian bond yields spiked higher after the RBA refrained from purchasing the April 2024 yield-target bond; US yield curve is experiencing pronounced flattening
• BCB hiked its Selic Rate by 150bps...

• APAC equities traded mostly lower; US equity futures held onto an upside bias
• In FX, the DXY was caged, AUD and CAD underperformed and USD/JPY drifted lower
• Australian bond yields spiked higher after the RBA refrained from purchasing the April 2024 yield-target bond
• BCB hiked its Selic Rate by 150bps (vs exp. 100bps hike); BoJ maintained policy settings and trimmed FY21 forecasts
• Taiwan's President said the threat...

• APAC bourses adopted a downside bias, Hong Kong underperformed; US equity futures were flat/lower
• In FX, the DXY has been choppy with peers modestly pressured ex-JPY/CHF; core debt was diverging but has moved higher most recently
• Microsoft and Twitter rose post-earnings whilst Alphabet and AMD dipped
• US Senate Finance Committee Chairman has unveiled a tax proposal focused on unrealised gains of assets held by...

• APAC bourses adopted a downside bias, Hong Kong underperformed; US equity futures were flat/lower
• In FX, DXY was contained whilst USD/JPY briefly dipped under 114.00 and AUD was boosted by Aussie CPI
• Microsoft and Twitter rose post-earnings whilst Alphabet and AMD dipped
• France intends to retaliate against Britain's refusal to offer additional permits for French fisherman working in British onshore-waters
• US...

• Equity bourses/futures are firmer with earnings in focus and FB bolstering tech ahead of mega-cap earnings and supply; ES +0.4%, NQ +0.7%
• Facebook announced a USD 50bln boost in its share buyback authorisation but the outlook is dampened by Apple's new iOS
• DXY has been choppy but is currently subdued to the benefit of peers ex-JPY/CHF while core debt falters post EGB supply
• US Treasury Secretary Yellen and Chinese Vice Premier Liu He spoke...

• Asia-Pac stocks were lifted by the tailwinds seen stateside; US equity futures overnight drifted higher
• SPX and DJIA both hit fresh all-time-highs whilst Tesla shot past the USD 1000/shr mark and USD 1tln market cap milestone
• Facebook announced a USD 50bln boost in share buyback authorisation but the outlook is dampened by Apple's new iOS
• US Treasury Secretary Yellen and Chinese Vice Premier Liu He spoke on Oct...

• European bourses have commenced the week fairly contained, after a mixed APAC handover, with newsflow light ahead of the packed weekly docket; ES +0.1%
• In FX, DXY was initially subdued below 93.50 but has since picked up with peers now mostly lower; TRY lags after Erdogan labelled 10 ambassadors persona non grata
• China's National Health Commission spokesperson expects the number of new COVID cases to keep rising
• US President Biden had a...

• MON: Beijing Xiangshan Forum; German Ifo Survey (Oct)
• TUE: Beijing Xiangshan Forum; BCB Policy Decision; South Korean GDP (Q3); US Monthly Home Prices (Aug)
• WED: BoC Policy Decision; Australian CPI (Q3); German GfK Consumer Confidence (Oct); US Durable Goods
• THU: ECB Policy Decision, BoJ Policy Decision; German Unemployment (Oct), German Prelim CPI (Oct); US GDP Adv (Q3)
• FRI: German Flash GDP (Q3); EZ Flash...

• Asia-Pac equities kicked off the week with a downside bias; US equity futures opened with a mild negative tilt before drifting higher
• In FX, DXY dipped below 93.500, JPY lagged and the AUD outperformed
• The TRY slumped after Turkish President Erdogan ordered 10 foreign ambassadors be declared persona non grata
• China's National Health Commission spokesperson expects the number of new COVID cases to keep rising
• UK...

• European bourses are firmer with performance improving after a cautious open post-APAC given Intel & Snap tech headwinds; ES U/C, NQ -0.4%
• Intel and Snap slumped post-earnings on soft guidance and Snap CEO comments on iOS advertising tracking; impacting tech names and the broader NQ
• Evergrande has reportedly paid the USD bond interest; however, its Hengda unit said Evergrande cannot guarantee it will meet financial obligations under...

• Asian equities traded with a positive bias but with gains capped following the temperamental mood on Wall St
• The S&P 500 printed a new ATH, whilst the NQ future was pressured by post-earnings losses from Intel and Snap
• The DXY remains subdued and sub-94.00 with price action in the FX space limited overnight
• BoE Chief Economist Pill warned UK inflation is likely to hit 5% and stated that the November meeting will be a live...

• European bourses/US futures strike a cautious tone after a mixed APAC handover with focus on Evergrande, yields and earnings; ES -0.2%
• Evergrande resumed trade suffering double-digit losses ahead of Sunday's offshore 30 day grace period expiry
• DXY is bolstered alongside safe-havens on the cautious tone though debt fails to benefit in wake of yesterday's US 20yr outing
• Tesla shares are lower in the pre-market trade despite reporting a beat on...

• Asia-Pac indices traded somewhat mixed after the similar performance stateside
• The S&P 500 briefly approached within 5 points of its all-time peak, whilst the Nasdaq lagged
• Tesla shares were seen lower by 1.6% in after-hours trade despite reporting a beat on top and bottom lines
• The DXY remains subdued but north of 93.50 with price action in the FX space relatively contained
• Looking ahead, highlights include CBRT...

• European bourses/US futures are contained after a predominantly firmer APAC lead ahead of earnings/Central Bank speak
• Head of China's FX regulator says the two-way Yuan fluctuations have increased
• ECB's hawk Weidmann is to step-down at year-end for personal reasons
• The DXY remains below 94.00 but is firmer with peers mixed while core debt has recuperated from overnight concession ahead of the US 20yr
• President Biden...

• Asian equity markets traded mostly positive as the region took its cue from the extended gains on Wall Street
• The PBoC maintained its benchmark Loan Prime Rates for the 18th consecutive month
• The DXY remains on a softer footing, EUR/USD hovers around 1.1650 and GBP/USD sits on a 1.38 handle
• President Biden told Democrat lawmakers he believed they could secure an agreement for a tax and spending proposal valued at USD...

• European bourses/US futures are firmer though the upside is marginal amid minimal fresh macro impulses; ES +0.4%
• The DXY remains subdued and sub-94.00, whilst antipodeans lead in the G10 space
• Core debt is contained and the US yield curve is slightly steeper ahead of Central Bank speak and Wednesday's issuance
• Looking ahead, highlights include US Building Permits & Housing Starts, ECB's Elderson, Panetta, Lane, BoE's Bailey, Mann, Pill,...

• Asian equity markets were kept afloat with the region encouraged after the mostly positive lead from the US
• Big tech gained including Apple which, benefitted following its hardware event
• The DXY remains on a softer footing and sub-94.00, whilst antipodeans lead in the G10 space
• Looking ahead, highlights include US Building Permits & Housing Starts, ECB's Elderson, Panetta, Lane, BoE's Bailey, Fed's Harker, Daly, Bostic,...

• European bourses/US futures are softer in-line with the APAC handover; ES -0.4%
• Asia-Pac stocks traded cautiously after disappointing Chinese GDP and Industrial Production data
• Inflationary concerns lingered amid a continued rally in oil prices and with New Zealand CPI at a decade high
• BoE Governor Bailey cautioned that the MPC will have to act to contain inflation and GS now looks for a November hike, ~70% market pricing for...

• MON: Chinese GDP (Q3), Retail Sales (Sep); Industrial Output (Sep).
• TUE: RBA Minutes; Bank of Indonesia Policy Decision; NBH Policy Decision.
• WED: PBoC LPR Setting; UK Inflation (Sep); Canadian CPI.
• THU: CBRT Policy Decision; US Philly Fed (Oct).
• FRI: Japanese CPI (Sep); UK Retail Sales (Sep); EZ, UK and US Markit Flash PMIs (Oct).

NOTE: Previews are listed in...

• Asia-Pac stocks traded cautiously after disappointing Chinese GDP and Industrial Production data
• Inflationary concerns lingered amid a continued rally in oil prices and with New Zealand CPI at a decade high
• BoE Governor Bailey cautioned that the MPC will have to act to contain inflation
• In FX, the DXY heads into the European session firmer and north of 94.00
• Looking ahead, highlights include US Industrial Production,...

• European bourses are firmer but off best levels; US equity futures see broad-based gains
• In FX, the DXY is subdued below 94.00, with JPY lagging and USD/JPY firmly above 114.00
• PBoC says risks to the financial system from Evergrande are controllable and separately that China's inflation is under control
• US State Department spokesperson said they are "engaged in diplomacy" with OPEC+ members regarding output
• Bitcoin...

• Asia-Pac stocks traded higher amid tailwinds from the upbeat mood across global peers; US equity futures drifted higher overnight
• In FX, the DXY was subdued below 94.00; Kiwi outperformed while USD/JPY topped 114.00
• UK government spokesperson said there is “still a substantial gap” between the UK and the EU on the Northern Ireland Protocol
• US State Department spokesperson said they are "engaged in diplomacy" with OPEC+ members regarding...

• European bourses are US futures are upbeat continuing the constructive APAC performance; ES +0.7%
• China saw mixed inflation numbers; CPI printed below estimates but PPI topped forecasts for a record increase in factory gate prices
• DXY has been under pressure and sub-94.00 throughout the morning while core debt grinds higher but Gilts lag
• The EU is reportedly mulling a move that would restrict the European Court of Justice (ECJ) from policing...

• A constructive mood was seen across Asia-Pac stocks; US equity futures marginally gained overnight
• The FOMC meeting minutes laid out the potential announcement timing and parameters of the QE tapering
• China saw mixed inflation numbers; CPI printed below estimates but PPI topped forecasts for a record increase in factory gate prices
• The EU is reportedly mulling a move that would restrict the European Court of Justice (ECJ) from policing the...

• The mood across European stocks has improved from the subdued cash open (Euro Stoxx 50 +0.5%; Stoxx 600 +0.3%)
• US equity futures have also nursed earlier losses and trade in modest positive territory across the board, with the NQ narrowly outperforming
• Apple is reportedly set to slash iPhone production due to the chip crunch
• Chinese trade data saw exports top estimates but imports disappointed
• Looking ahead,...