MNI China Daily Summary: Tuesday, October 8

MNI BRIEF: Japan's Sept Sentiment, Outlook Indexes Fall

MNI BRIEF: China Local Govs To Speed Up Fiscal Spending

MNI BRIEF: Brazil Requires Prudent Monetary Policy - Galipolo

MNI: PBOC Net Drains CNY886.9 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.0709 Tues; +4.18% Y/Y

EZ/UK Bond Supply Calendar: UK, DE Auction on Wednesday

MNI: US REDBOOK: OCT STORE SALES +5.3% V YR AGO MO

MNI: US AUG TRADE GAP -$70.4B VS JUL -$78.9B

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

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CROSS ASSET: Equities hover at session lows, Dollar is mixed

CROSS ASSET
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  • It is a mixed overnight session for the Dollar and G10s, the Yen was up 0.16%, and the Aussie was the worst performer after some disappointement over the lack of fresh stimulus from China’s National Development and Reform Commission, as they came back from a Week's Holiday.
  • AUDUSD is off the overnight low going into the European session, but further push lower especially with Risk tilted to the downside in early trade, would open to 0.6692 next.
  • The Yen is still up 0.19%, but USDJPY is still a fairly long way from pre NFP levels, was trading around 146.59.
  • Some focus in Equities in early trade, both the Emini and the Estoxx futures are hovering near the October lows printed last week.
  • This comes at 5724.00 for ESZ4 and 4929.00 in VGZ4.
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  • It is a mixed overnight session for the Dollar and G10s, the Yen was up 0.16%, and the Aussie was the worst performer after some disappointement over the lack of fresh stimulus from China’s National Development and Reform Commission, as they came back from a Week's Holiday.
  • AUDUSD is off the overnight low going into the European session, but further push lower especially with Risk tilted to the downside in early trade, would open to 0.6692 next.
  • The Yen is still up 0.19%, but USDJPY is still a fairly long way from pre NFP levels, was trading around 146.59.
  • Some focus in Equities in early trade, both the Emini and the Estoxx futures are hovering near the October lows printed last week.
  • This comes at 5724.00 for ESZ4 and 4929.00 in VGZ4.