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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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  • Asian equity markets traded mostly lower following the indecisive mood stateside where major indices gave back initial gains to finish negative
  • Sentiment overnight was also hampered by tighter Beijing regulatory scrutiny and with US equity futures extending on losses
  • In FX, the DXY sits firmly above 94.00, EUR/USD hovers around 1.1550 and GBP/USD maintains 1.36 status
  • Looking ahead, highlights include UK Labour Market Report, German ZEW,...
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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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  • MON: US Columbus Day.
  • TUE: BoK Policy Decision; UK Jobs Report (Aug); German ZEW Survey (Oct).
  • WED: FOMC Minutes; UK GDP Estimate (Aug); US CPI (Sep); Chinese Trade Balance (Sep); OPEC MOMR; EIA STEO.
  • THU: Australian Labour Force Report (Sep); Chinese Inflation (Sep); US PPI (Sep); IEA OMR; Hong Kong Holiday (Chung Yeung Festival).
  • FRI: Retail Sales (Sep); US Uni of Michigan Prelim...
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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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  • European bourses are firmer shrugging off the APAC handover while US futures post gains of a smaller magnitude; ES +0.3%
  • President Biden reportedly stated to progressives that the spending package needs to be between USD 1.9tln-2.2tln
  • In FX, the DXY remains near 94.00 with havens lagging as sentiment recovers while core debt diverges but remains contained
  • RBA kept policy settings unchanged and reiterated its dovish guidance that suggests no...
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  • Asia-Pac stocks were pressured following the tech sell-off in the US and several headwinds for global markets
  • President Biden reportedly stated to progressives that the spending package needs to be between USD 1.9tln-2.2tln
  • In FX, the DXY hovers around the 94.00 mark, EUR/USD and GBP/USD eye 1.16 and 1.36 respectively
  • RBA kept policy settings unchanged and reiterated its dovish guidance that suggests no rate hike until 2024 at the...
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  • Major bourses in Europe have adopted somewhat of a mixed picture following on from the broad-based downbeat cash open
  • In FX, the DXY briefly dipped below 94.000, EUR/USD and USD/JPY were choppy around 1.1600 and 111.00 respectively
  • A total of 39 Chinese military jets flew into Taiwan’s air defence zone on Saturday followed by another 16 on Sunday
  • US House progressives are reportedly willing to compromise on the USD 3.5tln amount with limits...
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  • MON: USTR US/China remarks, OPEC+ Meeting; Swiss CPI (Sep); EZ Sentix Index (Oct); US Durable Goods R (Aug)
  • TUE: RBA Policy Decision; Australian Trade Balance (Aug); EZ, UK and US Markit Services and Composite Final PMIs (Sep); US ISM Services PMI (Sep)
  • WED: RBNZ Policy Decision; NBP Policy Decision; EZ Retail Sales (Aug); US ADP National Employment (Sep)
  • THU: ECB Minutes; Bank of Israel Policy Decision; US Challenger Layoffs...
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  • Asian equity markets traded mixed amid the ongoing Evergrande default concerns; mainland China was away
  • In FX, the DXY briefly dipped below 94.000, EUR/USD and USD/JPY were choppy around 1.1600 and 111.00 respectively
  • A total of 39 Chinese military jets flew into Taiwan’s air defence zone on Saturday followed by another 16 on Sunday
  • US House progressives are reportedly willing to compromise on the USD 3.5tln amount with limits but rejected...
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  • Bourses in Europe kicked off the first trading day of Q4 on the back foot, although the selling has somewhat stabilised
  • US equity futures have also succumbed to the risk aversion; Chinese markets commenced the Golden Week holiday
  • In FX, the DXY maintains 94.00 status, EUR/USD trades sub-1.16 and GBP/USD attempts to reclaw losses
  • The House refrained from voting on the USD 1tln bipartisan infrastructure framework on Thursday...
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  • Asia-Pac stocks began Q4 on the backfoot following the negative handover from Wall St.
  • The S&P 500 closed the month and quarter out with its worst performance since the start of the pandemic
  • In FX, the DXY maintains 94.00 status, EUR/USD trades sub-1.16 and GBP/USD remains pressured
  • Congress passed the stopgap funding bill to avert a government shutdown
  • The House refrained from voting on the USD 1tln bipartisan...
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  • The upside momentum seen across US and European equity futures overnight stalled, with equities losing ground heading into the US session
  • In FX, DXY eclipsed 94.500, EUR/USD hit a 14-month low, USD/JPY trades on either side of 112.00
  • Chinese official Manufacturing PMI disappointed, whilst the Non-Manufacturing and Composite returned to expansionary territory
  • The House passed the bill to suspend the debt ceiling to December 2022; unlikely to...
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  • Asia-Pac stocks traded somewhat varied with the region indecisive at quarter-end and as participants digested a slew of data releases
  • Chinese official Manufacturing PMI disappointed, whilst the Non-Manufacturing and Composite returned to expansionary territory
  • In FX, the DXY remains on a 94.00 handle, whilst EUR/USD recouped 1.16 status and GBP/USD trades on a 1.34 handle
  • The House passed the bill to suspend the debt ceiling to December...
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  • Bourses in Europe are attempting to claw back some ground lost yesterday; the Oil & Gas sector lags while Tech recovers
  • In FX, DXY printed a new YTD high sub-94.00, EUR/USD hit fresh 2021 lows and the NZD underperforms
  • Evergrande sold CNY 10bln of shares in Shengjing Bank that will be used to pay the developer’s debt owed to the company
  • Japan's Kishida has been elected as the leader of the LDP Party and as the new Japanese...
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  • Asian equity markets were pressured on spillover selling from global peers which saw the S&P 500 suffer its worst day since May
  • Tech losses were magnified as yields climbed and with sentiment also dampened by weak data
  • Evergrande sold CNY 10bln of shares in Shengjing Bank that will be used to pay the developer’s debt owed to the company
  • In FX markets, the USD held on to most of the prior day’s gains, EUR/USD and GBP/USD remain on 1.16...
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  • Bourses in Europe extended on the losses seen at the cash open and trade lower across the board
  • US equity futures have also been hit in tandem with the surge in global yields; NQ underperforms
  • US 10yr yield rose further above 1.50%, the 20yr topped 2.00% and the UK 10yr hit 1.00% for the first time since March 2020
  • Advances in the crude complex saw Brent Nov contract reach USD 80/bbl, although volume and open interest has migrated to...
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  • Asian equity markets traded mixed following on from a Wall Street lead where value outperformed growth
  • The DXY heads into the European open marginally softer with EUR/USD and GBP/USD on 1.17 and 1.37 handles respectively
  • Advances in the crude complex saw Brent reach USD 80/bbl for the first time since October 2018
  • The Senate voted along party lines to block the bill to suspend the debt limit and avoid a government...
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  • Bourses in Europe have trimmed the gains seen at the open, albeit the region remains mostly in positive territory
  • US equity futures vary, with the NQ (-0.3%) lagging as yields tick higher, whilst the RTY (+0.4%) outperforms
  • In FX, the DXY eyes 93.500, EUR/USD fell below 1.1700 whilst USD/JPY inches closer to 111.00
  • The German election results saw a narrow victory for the SPD, with the Greens and FDP set to play a key role in the...
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