Hunt Quick To Enact Further Fiscal U-turns

Below gives key levels of markets in the second half of the Asia-Pac session:

• Nikkei 225 down 342.53 points at 26748.23
• ASX 200 down 94.43 points at 6664.4
• Shanghai Comp. up 0.652 points at 3072.639
• JGB 10-Yr future down 13 ticks at 148.20, down 0bp at 0.251%
• Aussie 10-Yr future down 1.5 ticks at 95.955, yield up 1.7bp at 4.025%
• U.S. 10-Yr future up 0-05+ at 110-24+, yield down 2.86bp at 3.9898%
• WTI crude up $0.73 at $86.34, Gold up $7.02 at $1651.49
• USD/JPY up 7 pips at Y148.74
• FED’S BULLARD LEAVES OPEN POSSIBILITY OF LARGER DECEMBER HIKE (BBG)
• JEREMY HUNT DELAYS 1P INCOME TAX CUT, LEAVING TRUSS MANIFESTO IN TATTERS (TIMES)
• CHANCELLOR WARNS OF TAX RISES AND SQUEEZE ON SPENDING (BBC)
• INTEREST RATE RISE WILL BE HIGHER THAN EXPECTED NEXT MONTH, BANK OF ENGLAND CHIEF SUGGESTS (SKY)
• TORIES HOLD SECRET TALKS ON CROWNING NEW LEADER (TIMES)
• ECB IS DELIBERATELY VAGUE ON TARGET FOR INTEREST RATE, LANE SAYS (BBG)
• XI’S OPENING CPC CONGRESS ADDRESS PROVIDES NO CURVEBALLS IN MAJOR POLICY AREAS