Mkts absorbed weekend news flow incl. the.....>

FOREX: Mkts absorbed weekend news flow incl. the APEC summit's failure to

produce a joint statement due to divisions over global trade & U.S. VP Pence's

hawkish trade comments re: China, which supported JPY & pressured the

Antipodeans. Though, JPY's advance was capped as the Nikkei 225 edged higher. 

- There was little in the way of concrete Brexit developments as UK PM May

travels to the continent today, with reports suggesting that EU's Barnier is set

to propose an extension of the transition agreement out to 2022. Also worth

noting that 48 letters haven't been submitted to the 1922 Committee as of yet. 

- BBG ran comments from ECB's Villeroy, stating that the "Euro area inflation

outlook is firmer," and that the ECB's net asset purchases will "very probably"

come to an end in December. Villeroy also noted that the "ECB could consider new

TLROs again if warranted," and that he believes that there is no need for the

ECB to provide a precise reinvestment horizon at its Dec meeting. 

- Focus also fell on cautious Fed rhetoric from Friday. 

- A low-key data day today, but ECB's Nouy & Costa, as well as Fed's Williams

are due to speak, opening a week rich in rhetoric from major central banks.