• Asian equities traded lacklustre following a similar performance on Wall St where the energy sector was hit by a further aggressive slide in oil prices
• All eyes are now on events at 10 Downing Street as UK PM May’s cabinet meets to discuss her Brexit deal
• Tensions between Italy and the European Commission remain after the nation left growth and deficit targets unchanged in its budget draft
• Looking ahead, highlights include German and Eurozone flash GDP, Swedish, UK and US CPI,...

• Brexit "endgame" talk lifts Cable to a 1.29 handle as a deal hangs in the balance; Italian assets underperform ahead of budget re-submission deadline
• Positive US-China trade rumblings lifting equities but oil extending losses as Presidential jawboning fails
• Looking ahead, highlights include Italian Budget Resubmission Deadline, ECB’s Stournaras, de Guindos, Fed’s Brainard, Harker, Daly

ASIA

Major Asian equity markets mostly followed suit to the...

• Major Asian equity markets mostly followed suit to the sell-off on Wall St where tech led the declines
• UK PM May said Brexit talks are now reaching their "endgame" and that both sides are working hard to reach an agreement but added that significant issues still remain
• Senior ministers led by UK Brexit Secretary Raab told UK PM May no deal is preferable to the current offer from the EU, according to Buzzfeed
• Looking ahead, highlights include German CPI (F), UK jobs report,...

• European equities are mixed after having initially opening higher across the board, DAX underperforms while FTSE 100 is buoyed by a weaker GBP
• DXY has extended recovery gains beyond 97.000 and through its previous ytd peak to top out just shy of 97.600
• Looking ahead, the calendar includes a lack of tier 1 data, ECB’s Lautenschlaeger, Fed’s Daly. US Veteran’s Day – no market closures

 ASIA

Asian equity markets eventually traded...

• Asian equity markets eventually traded mostly positive but with gains limited as some cautiousness lingered from the uninspiring performance on Wall St last Friday
• GBP/USD gapped lower towards 1.2900 after reports that UK PM May cancelled an emergency cabinet meeting which severely lessens the likelihood of an EU summit later this month
• Sources suggested EU and UK negotiators had agreed it would be impossible for the UK to unilaterally exit its backstop on Northern Ireland
• Looking ahead,...

• Major European equities are lower across the board (Eurostoxx 50 -0.8%) as the sentiment seen in Asia spills over onto the region
• WTI and Brent lost the USD 60/bbl and USD 70/bbl handles respectively, after the complex entered into bear market territory
• GBP has lost momentum and is underperforming alongside the NOK within the G10 ranks
• Looking ahead, highlights include US PPI, Baker Hughes, Fed’s Williams, Harker, Quarles, BoE’s Haldane, Tria to meet with...

• Fed kept Federal Funds Rate target unchanged at 2.00-2.25% as expected and continued to point to “further gradual increases” in rates
• Asian equity markets traded lower following a lacklustre lead from Wall St where the mid-term stock rally stalled
• EU is said to want a customs border in the Irish Sea in the event of a no-deal Brexit. However, the report noted that PM May said she would never allow this to occur
• Looking ahead, highlights include UK GDP, industrial and...

• Major European indices are mixed (Eurostoxx 50 -0.2%) after starting the session in positive territory, financials outperform while consumer discretionary names la
• The dollar index is holding relatively firm above the 96.000 handle within a fairly confined range awaiting the Fed, while GBPUSD is choppy amid conflicting Brexit reports
• Looking ahead, highlights include US weekly jobs, FOMC rate decision, ECB’s Coeure, Draghi and...

• Asian stocks were mostly higher as they took impetus from the post-election rally seen on Wall St where all majors gained at least 2%
• EU Commission see Italian budget measures leading to a deficit/GDP ratio of 2.9% vs. the Italian government's view of 2.4%, according to sources
• FX markets calmed overnight in which the greenback consolidated at session highs above the 96.00 level after the prior day’s post-election rebound
• Looking ahead, highlights include German trade, US...

• Democrats have taken control of the House, while the Republicans retain control of the Senate, as expected
• European equities are positive across the board as investors digest the consequences of a split Congress, with US equity futures edging higher
• DXY lost the 96.00 handle as currency markets factor in the prospect of policy protraction and a more difficult passage for President Trump’s fiscal agenda through a divided Congress
• Looking ahead, highlights include weekly DoE crude...

• Democrats are projected to take control of the House after having gained an estimated 26 seats, while the Republicans are projected to have picked up a net 4 seats at the Senate
• A strong start for the Democrats initially weighed on US equity futures, although stock futures then recovered after further results and projections trickled in which suggested the unlikelihood of a Blue Tsunami
• EUR/USD and GBP/USD whipsawed overnight but head into the European session with mild gains at the expense of a...

• Major European indices are mostly in the red (Eurostoxx 50 -0.4%) with outperformance in Switzerland’s benchmark
• The greenback is trading cautiously ahead of today’s US mid-term elections, with the DXY hovering just above 96.200
• Looking ahead, highlights include US JOLTS, APIs, ECB’s Lautenschlaeger, de Guindos, US mid-term elections

• Asian equity markets were mixed as weakness in China clouded over the mostly positive lead from US where the DJIA and S&P 500 closed higher
• EU is reportedly to offer a compromise regarding the Irish border in which Britain could end the temporary customs arrangement
• However, reports also suggest that UK PM May reportedly faces a Cabinet showdown with Brexit Secretary Raab who is said to have been undermined on the Irish backstop plan
• Italy Finance Minister Tria signalled to euro zone...

• European equities kick start the week mixed with the FTSE MIB weighed on by banks amid stress test results
• The Times reported UK PM May secured private concessions from Brussels that will keep Britain in a customs union and avoid a hard border, this was later dismissed as speculation by Downing Street
• Dollar has lost some of Friday’s post-NFP recovery momentum ahead of the US mid-term elections and FOMC, but the index is holding relatively firm around 96.500
• Looking ahead,...

• Asian equity markets began the week with a negative tone following last Friday’s losses on Wall St after US-China trade hopes were tempered by pessimism from NEC’s Kudlow
• UK PM May secured private concessions from Brussels that will keep Britain in a customs union and avoid a hard border, according to reports; later denied
• In FX markets, the DXY was relatively flat and held on to most of Friday’s NFP-inspired rebound with EUR/USD contained below the 1.1400 handle
...

• Main European indices are in the green, continuing the trend from Asia with material names outperforming due to trade progression between the US and China
• The Greenback is weaker vs all G10 counterparts, bar the JPY, which is still bucking the trend as an even safer currency haven
• Looking ahead, highlights include US and Canadian jobs reports, Baker Hughes rig count

• Asian stocks are mostly higher and US equity futures recover Apple-inspired losses after reports that Trump has asked the cabinet to draft a potential China trade deal
• FT reports that the EU is floating a compromise with London on the Irish border backstop that would give the UK stronger guarantees of no need for a customs border
• Looking ahead, highlights include EZ Mfg PMIs, UK construction PMI, US and Canadian jobs reports, Baker Hughes rig count

• European equities trade mostly higher (Eurostoxx 50 +0.8%) after erasing initial losses as sentiment from Asian and Wall Street translated onto the region
• Cable dipped after a UK official said comments on the Times report on banks Brexit deal is "unsubstantiated"
• Dollar index is back down to 96.510 ahead of a busy agenda before NFP on Friday.
• Looking ahead, highlights include BoE rate decision, minutes & QIR, CNB rate decision, US weekly jobs, US ISM mfg PMI, a slew of...

• Asian equity markets traded mostly higher as the region sustained the positive momentum from Wall St.
• GBP supported by reports that UK PM May has reached a deal with Brussels on financial services
• More broadly in FX, DXY softened overnight and pulled back below the 97.00 level as its major counterparts made up for lost ground
• Looking ahead, highlights include UK mfg. PMI, BoE rate decision, minutes & QIR, CNB rate decision, US weekly jobs, US ISM mfg PMI, a slew of central bank...

• European equities are higher across the board (Eurostoxx 50 +1.3%) as the region took impetus from the gains experienced in Asia and on Wall Street
• USD will likely garner a bulk of the focus in the FX space today with month-end flows and SOMA redemption which will have a net USD -22.9bln impact on liquidity
• Looking ahead, highlights include US ADP, Canadian GDP, Chicago PMI, DoEs, a slew of central bank speakers and large cap earnings

• Asian equity markets traded positive as the region sustained the momentum from Wall St where all majors finished with firms gains
• The USD took a breather from recent gains with the DXY flat around the 97.00 level after it hit the highest since June last year amid the continued rout in EUR/USD and GBP/USD
• Looking ahead, highlights include EZ CPI, US ADP, Canadian GDP, Chicago PMI, DoEs, a slew of central bank speakers and large cap earnings

• Major European bourses are mixed with the SMI (+0.5%) outperforming peers
• Greenback remains relatively evenly split vs G10 counterparts with its Dollar peers still outperforming and preventing the index from staging a more concerted attempt to test recent peaks
• Looking ahead, highlights include weekly API crude inventory stocks, ECB’s Praet and Lautenschlaeger.

• Asian equity markets were mostly higher as the region aggressively shrugged-off the weak lead from Wall Street.
• In FX markets, the DXY held near the prior day’s best levels despite attempts by its major counterparts to nurse recent losses.
• Looking ahead, highlights include German state, national CPIs and unemployment rate, EZ Q3 flash GDP, weekly API crude inventory stocks, ECB’s Praet and Lautenschlaeger.

• European equities are kicking off the week on the front-foot, despite the downbeat tone in Asia, Eurostoxx up 1.0%
• EURUSD has been whippy between 1.1360-1.1415 trading parameters amidst reports that German Chancellor Merkel will not stand for re-election as CDU head after serving out the current term
• Looking ahead, highlights include US Core PCE and UK Chancellor Hammond to deliver the Autumn budget statement. Note: UK clocks moved back an hour on Sunday 28th...

• Asian equity markets began the week mixed as the region’s attempts to pick itself up following last week’s stock rout.
• FX markets were quiet as the DXY held steady near the 96.50 level and with its major counterparts also uneventful.
• Looking ahead, highlights include UK mortgage lending, US Core PCE and UK Chancellor Hammond to deliver the Autumn budget statement. Note: UK clocks moved back an hour on Sunday 28th October.