4 Things You Need to Know via Newsquawk
- European bourses slip into the red while US futures remain afloat with fresh catalysts somewhat light
- Crude bolstered after Friday's pressure alongside ongoing geopols and a handful of bullish catalysts
- DXY sub-105.00 with peers generally extending gains, though JPY & NZD are capped
- Bonds hand back some of Fridays post-data gains, yields modestly firmer across the curve
Roundup of Today's Headlines
- Dollar extends drop, still vulnerable after Fed
- Hedge funds pile into US stock rally at fastest pace in 2 years - Goldman Sachs
- Oil up 1.5% as Saudi Arabia and Russia stick to supply cuts
- China, Australia agree to turn the page as tensions ease
- Futures edge up on rate cut hopes; Fed speakers awaited
- China's clashing priorities behind rare money market distress
- U.S. Treasury's Yellen to meet Chinese vice premier ahead of APEC summit
- EU Sentix Investor Confidence Actual:-18.6 Forecast:-22.2 Previous:-21.9
- UK Construction PMI Actual:45.6 Forecast:46.0 Previous:45.0
- Tesla rises after report of plan to build €25,000 car at German plant $TSLA
- Japan's union group to seek 6% wage rise at next spring's talks
- Eurozone Services PMI Actual:47.8 Forecast:47.8 Previous:47.8
- Germany Services PMI Actual:48.2 Forecast:48.0 Previous:50.3
- France Services PMI Actual:45.2 Forecast:46.1 Previous:44.4
- Italy Services PMI Actual:47.7 Forecast:48.5 Previous:49.9
- China's youth employment generally stable, continues to improve - state media
- Spain HCOB Spain Services PMI (Oct): Actual: 51.1 Expected: 49.3 Previous: 50.5
- Wave of cancellations in German housing construction at new high -Ifo
- Tesla to build €25,000 car at German plant
- German Factory Orders (MoM) (Sep) Actual: 0.2% Expected: -1.0% Previous: 3.9%
- Global funds dumped another $3 billion in China stocks in Oct - Morgan Stanley
