• 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,...

• 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...

• 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...

• 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,...

• 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...

• 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...

• 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...

• 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...

• 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...

• 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...

• 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...

• 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...

• 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...

• 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...

• 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...

• 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...

• 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...

• 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...