Equities & Antipodeans benefit from positive risk sentiment & DXY slips; BoE due - Newsquawk US Market Open
European bourses & US futures are benefitting from a continuation of the post-Fed/Powell price action DXY pressured to a 106.15 trough with fixed income bid and long-end yields under pressure USD/JPY pressured on the latest BoJ sources while the NOK is ultimately softer after the Norges Bank…
Headlines: "European bourses & US futures are benefitting from a continuation of the post-Fed/Powell price action
- DXY pressured to a 106.15 trough with fixed income bid and long-end yields under pressure
- USD/JPY pressured on the latest BoJ sources while the NOK is ultimately softer after the Norges Bank
- Commodities lifted given the above with specifics somewhat light thus far
- Iran warned of “harsh consequences” if a ceasefire in Gaza does not occur
- Looking ahead, highlights include US IJC, Factory Orders, BoE Policy Announcement, Speeches from BoE’s Bailey, ECB’s Lane & Schnabel. Earnings from Apple.
LOOKING AHEAD
- US IJC, Factory Orders, BoE Policy Announcement, Speeches from BoE’s Bailey, ECB’s Lane & Schnabel. Earnings from Apple.
- Click here for the Newsquawk Week Ahead.
- Clock Change: UK Clocks switched to GMT from BST on 29th October, as such the London-New York time gap is four hours which will last for one week, until US clocks change on November 5th.
NOTABLE US HEADLINES
- US Senate passed three appropriation bills laying out funding plans for agriculture, military and veterans affairs and transportation for the fiscal year ending 30th September 2024.
GEOPOLITICS
ISRAEL-HAMAS
- Lebanon's Hezbollah said it destroyed an Israeli drone with a surface-to-air missile in the airspace of two border villages, according to Reuters.
- Iran's Foreign Minister warned of 'harsh consequences' if an immediate ceasefire in Gaza doesn't take place and "rapid attacks by US and the Zionist Regime continue", according to Reuters.
OTHER
- US military said a US destroyer and Canadian frigate transited through the Taiwan Strait yesterday, while the Chinese military said it followed the bilateral naval transit of the US and Canada in the Taiwan Strait, according to Reuters.
- China's Foreign Ministry says next week China and the US will hold director-general level consultations on arms control and non-proliferation, a delegation to be led by a senior official from the Foreign Ministry. In response to and confirmation of an earlier WSJ article"