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  • 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...
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  • 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...
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  • 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...
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  • 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...
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  • 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...
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  • 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...
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  • 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,...
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  • 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,...
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  • 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...
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  • 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,...
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  • 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...
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  • 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...
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  • 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...
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  • 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...
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  • 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,...
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  • Asia-Pac stocks were mixed following the choppy performance stateside with sentiment also hampered by an update from Apple
  • Apple is reportedly set to slash iPhone production due to the chip crunch
  • Chinese trade data saw exports top estimates but imports disappointed
  • Hong Kong markets were kept shut amid a typhoon warning
  • The DXY heads into the European open on the backfoot, GBP leads in the G10 space after reclaiming...
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  • European bourses kicked the day off softer but have since drifted higher; US equity futures nursed earlier losses
  • In FX, DXY is off overnight lows, USD/JPY tested 113.00 to the downside, USD/TRY extended above 9.00
  • EU antitrust regulators is reportedly likely to open an investigation into Nvidia's (NVDA) USD 54bln bid from Arm
  • Chip supply shortage eased in China in September; chip supply is expected to improve in...
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  • Bourses in Europe are mostly but modestly lower (ex-FTSE 100); US equity futures see broad-based losses of 0.3-0.4%
  • In FX, DXY is firmer after wiping out earlier losses, USD/JPY tested 113.00, EUR/USD approaches 1.1550, and AUD outperforms
  • Chinese Vice Premier Liu He exchanged views with USTR Tai on the trade agreement during a virtual discussion on Saturday
  • BoE’s Saunders stated that an increase in interest rates could come “significantly...
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  • Asia-Pac stocks traded mostly positive after shrugging off the weak post-NFP US lead
  • Chinese Vice Premier Liu He exchanged views with USTR Tai on the trade agreement during a virtual discussion on Saturday
  • In FX, the DXY maintains 94.00 status, EUR/USD sits on a 1.15 handle and GBP is firmer post-hawkish BoE remarks
  • BoE’s Saunders stated that an increase in interest rates could come “significantly earlier” than previously...
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  • Marginally positive European equity open fizzled out as we await fresh catalysts pre-NFP but oil remains upbeat
  • DXY remains above 94.00 but has come under modest pressure though safe-havens continue to lag and core debt remains downbeat
  • Mainland China was bolstered on its return from Golden week; China's Caixin Services PMI topped forecasts
  • US Senate voted 50-48 to pass the debt limit bill which sends it to the House, while House Majority...
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  • APAC bourses were mostly higher on the broader upbeat-tone; Mainland China was bolstered on its return from Golden week
  • China's Caixin Services PMI beat expectations and the Composite measure climbed into expansionary territory
  • In FX, the DXY remains above 94.00 and safe-havens lag, while USTs are modestly subdued heading into NFP
  • US National Security Adviser Sullivan said talks with China's Yang Jiechi were productive and noted there were...
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  • Equities and US equity futures remain buoyed and in relatively contained ranges as we await tomorrow's NFP and the return of China; ES +0.7%
  • Holders of Evergrande-linked Jumbo Fortune bonds are reportedly yet to receive payment, holders next step would be to request payment from Evergrande
  • DXY remains above 94.00 but has given up gains with peers deriving some marginal benefit
  • Core debt has been dictated by Central Bank speak with BoE...
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  • Asia-Pac stocks traded in the green; Hang Seng outperformed while Mainland China observed the last day of Golden Week
  • In FX, the DXY was steady above 94.00, EUR/USD hovered around 1.1550, Antipodeans outperformed
  • US and China have an agreement in principle for a Biden-Xi virtual meeting before the end of the year
  • US Senate Minority Leader McConnell offered a short-term debt ceiling extension to December
  • ECB is to...
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  • Equities are pressured with sentiment firmly risk-off after the positive US handover fizzled out in APAC hours; ES -1.3%, Euro Stoxx 50 -2.2%
  • In FX, the DXY has continued to make ground with the YTD peak of 93.504 in-sight, while debt is subdued but off lows as some safe-haven premium emerges
  • Global Times writes, citing analysts, that a possible summit between President's Biden and Xi may be on the Zurich meeting agenda
  • US President Biden...
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  • Asia-Pac bourses traded mostly lower after failing to sustain the initial momentum from Wall St
  • Major US indices closed higher as buyers returned to tech and the higher yield environment provided support for financials
  • The White House commented that President Biden has confidence in Fed Chair Powell "at this time"
  • In FX, the DXY marginally extended above 94.00, EUR/USD sits sub-1.16, NZD lags after RBNZ support proved to be...
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