Advertise on podcast: Newsquawk Rundown, Daily Podcast

NQ futures outperform following SK Hynix's upbeat earnings.DXY flat; NZD hit after the RBNZ unexpectedly held rates steady.Fixed income benchmarks modestly lower ahead of the UK Budget and Fed rate decision.Crude complex choppy, with conflicting reports regarding a new proposal to end US-Iran conflict.Looking ahead, highlights include US Atlanta Fed GDPNow, Fed Policy Announcement (Oct), BoC Policy Announcement (Oct), UK Autumn Budget. Speakers include BoC’s Macklem & Fed Chair Warsh. Supply from Germany & the US. Earnings from Phillips 66, Microsoft, Alphabet, ServiceNow, FedEx, T-Mobile, Ford & Airbus.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US told several Gulf Arab countries to be prepared for a short, intense military campaign after the US midterm elections, according to people briefed on the conversations cited by WSJ.NZD/USD slumped following the surprise decision by the RBNZ to keep rates unchanged at 2.75% in a narrow 4-3 vote split.APAC stocks were mostly higher as the region followed suit to the gains on Wall Street; European equity futures indicate a subdued cash market open.Crude futures rebounded overnight following yesterday's choppy trade; 10yr UST futures mildly retreated as yields edged higher in tandem with oil prices.Looking ahead, highlights include German GfK Consumer Confidence (Nov), US Atlanta Fed GDPNow, Fed Policy Announcement (Oct), BoC Policy Announcement (Oct), UK Autumn Budget. Speakers include BoC’s Macklem & Fed Chair Warsh. Supply from Germany & the US. Earnings from GE Vernova, Phillips 66, Microsoft, Alphabet, ServiceNow, FedEx, T-Mobile, Ford, UBS, Airbus, Unilever & GSK.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

An Iranian Ambassador said Iran proposed a seven-day plan to the US and added that Iran seeks to reduce tensions through diplomacy.Saudi's Ras Tanura refinery was hit by missiles, causing a fire.US equity futures mixed; Disappointing HSBC earnings weigh on the FTSE 100.DXY extends further above the 102.00 handle; NZD leads ahead of the RBNZ policy announcement.Fixed income benchmarks hold onto their firmer footing, amid choppy price action across the energy complex (Brent -0.7%).Looking ahead, highlights include US ADP Employment Change Weekly, Durable Goods (Sep), Richmond Fed Index (Oct), Dallas Fed Index (Oct), Atlanta Fed GDPNow, Israeli legislative election for the Knesset. Supply from the US. Earnings from SoFi, Coca-Cola, Corning, PayPal, Boeing, S&P Global, Robinhood, Seagate, Visa, SK Hynix.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Iranian Deputy Security Chief Bagheri Kani said Iran is open to a shorter US proposal timeline if conditions are met, according to state TV.APAC stocks were mixed, with tech stocks supported by the rebound stateside; European equity futures indicate a marginally lower cash open.DXY took a breather, GBP/USD lacked direction ahead of Wednesday's UK Budget, USD/JPY stayed afloat.UST futures edged higher ahead of the FOMC, tech earnings and PCE data this week, while Bund futures rebounded ahead of German supply.Crude futures pulled back amid limited fresh catalysts and no major geopolitical escalation, while spot gold traded sideways above USD 4,000/oz.Looking ahead, highlights include US ADP Employment Change Weekly, Durable Goods (Sep), Richmond Fed Index (Oct), Dallas Fed Index (Oct), Atlanta Fed GDPNow, Israeli legislative election for the Knesset. Supply from UK, Italy, Germany & US. Earnings from SoFi, Coca-Cola, UPS, Corning, PayPal, Boeing, S&P Global, Robinhood, Seagate, Visa, SK Hynix.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump said it was “getting to be decision time” on whether to strike a deal with Tehran or resume attacks.An Iranian source posted on Telegram that an IRGC launcher in Sirik was hit by a missile from an unknown fighter jet minutes after firing a missile towards the Strait of Hormuz.Senior officials from Saudi Arabia, Turkey and Pakistan are expected to meet with Iranian officials in Tehran on Monday to discuss regional coordination; Brent Jan'27 -1.6%.European bourses are broadly in the green, with strength seen in the CAC 40 after France escapes a Moody's downgrade.DXY is steady, EUR holds steady, whilst the JPY is the slight laggard.Fixed gloomy, but OATs are anything but moody.Looking ahead, highlights include Dallas Fed Manufacturing and Chicago Fed National Activity, Supply from the US, US Treasury Buyback (Liquidity Support; 20Y-30Y). Earnings from Verizon.UK clocks moved back one hour on Sunday and reverted to GMT, which means the time difference between London and New York will be four hours for the week ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump said it was “getting to be decision time” on whether to strike a deal with Tehran or resume attacks.An Iranian source posted on Telegram that an IRGC launcher in Sirik was hit by a missile from an unknown fighter jet minutes after firing a missile towards the Strait of Hormuz.Several UK Budget measures were reported over the weekend, ahead of Wednesday's announcement.APAC stocks were mixed with a mostly negative bias following last week's surge in oil; European equity futures (ex-FTSE 100) indicate a positive cash open.EUR/USD gained slightly, with the single currency back above the 1.1200 level after France was spared from a ratings downgrade by Moody's.Looking ahead, highlights include Swedish PPI (Sep), German Ifo (Oct), Chinese Fifth Plenum. Speakers include ECB’s Elderson. Supply from EZ & US, US Treasury Buyback (Liquidity Support; 20Y-30Y). Earnings from Verizon.NOTE: UK clocks moved back one hour on Sunday and reverted to GMT, which means the time difference between London and New York will be four hours for the week ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump says the US crushed Iran, and may want to do it a "little more".Crude benchmarks firmer on ongoing tensions in the Middle East; recent bout of strength comes after the Houthis launched another missile towards Saudi interests.European bourses are in the red following a few dire results from Kering and Volvo Cars; US equity futures are mixed.USD is firmer vs most G10 peers; CHF is the laggard, whilst the EUR digests poor French PMI metrics.Fixed benchmarks are mixed; USTs are down by a handful of ticks, whilst Bunds hold steady.Looking ahead, highlights include Global Flash PMIs (Oct), Canadian Retail Sales (Sep), CBR Policy Announcement (Oct). Earnings from American Express, SLB, Autoliv. Credit Ratings Updates including Moody's on France, S&P on Germany & Scope on Italy.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC equities were under pressure, mostly following the negative tech-led Wall St. handover; European futures now point to a contained open.USD modestly firmer vs major peers, EUR awaits Moody's and weekend French activity while the NZD made a marginal recovery.Contained trade for fixed income after the recent FTQ for most core counterparts.Crude bid by c. 0.7% amid renewed Houthi attacks on Saudi Arabia and reports around the IDF & US military.US President Trump says the US crushed Iran, and may want to do it a "little more".Looking ahead, highlights include Global Flash PMIs (Oct), UK Retail Sales (Sep), Canadian Retail Sales (Sep), CBR Policy Announcement (Oct), Speakers including ECB's Cipollone, Earnings from American Express, SLB, Autoliv, Safran, Credit Ratings Updates including Moody's on France, S&P on Germany & Scope on Italy.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Iran's IRGC Navy warned that US efforts to encourage passage could result in strikes on US bases.Iran's Major General Rezaei said Iran has presented seven new conditions through mediators and will neither reopen the Strait of Hormuz nor resume negotiations until they are met.NQ underperforms, as Tesla's cut in spending plans weighs on the Tech/AI space.DXY modestly lower; JPY and CHF supported by haven demand while NZD lags on cooler CPI.Fixed income benchmarks helped by risk aversion.Energy benchmarks climb as Iran warns of strikes on US bases (Brent +2.9%)Looking ahead, highlights include US Jobless Claims (Oct/17), CBRT Policy Announcement (Oct). Supply from the US. Earnings from American Airlines, Blackstone, Valero Energy, Bloom Energy, L'Oreal.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were pressured and extended on losses throughout the session as AI and semiconductor names were sold, despite the gains on Wall Street.The Hang Seng and KOSPI led the declines, while the BoK held rates as expected.European equity futures indicate a negative cash market open with Euro Stoxx 50 futures down 0.6%.JPY strengthened on haven demand, while DXY softened and NZD lagged after cooler-than-expected CPI.Crude futures were firmer amid a flurry of Middle East headlines, while precious metals were pressured.Looking ahead, highlights include US Jobless Claims (Oct/17), CBRT Policy Announcement (Oct), SNB Minutes (Sep). Speakers include Riksbank’s Jansson. Supply from the UK and the US. Earnings from Lockheed Martin, Comcast, American Airlines, Blackstone, P&G, Valero Energy, Bloom Energy, Thales, L'Oreal.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Pakistan Army Chief Munir brought the "final warning" from the United States to Iranian officials, which called on Iran to submit to the US demands for concessions on the nuclear issue before taking any other steps.The UK government has approved the Jackdaw North Sea gas field.NQ outperforms, helped by upbeat SPCX and SMCI earnings; focus turns to META and TSLA.DXY flat; AUD supported by hawkish comments by RBA's Hauser.Fixed income benchmarks modestly lower, Gilts initially underperformed following a hot inflation report.Looking ahead, highlights include US MBA Mortgage Applications. Speakers include BoE Governor Bailey, ECB's Lagarde. Supply from the US. Earnings from Abbott, NextEra, CME, AT&T, SAP, Tesla, IBM, Meta & Texas Instruments.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly firmer amidst strength in AI names; the NQ outperformed after gaining on SMCI's and SpaceX's mega forecasts.European equity futures indicate a positive cash market open, with Euro Stoxx 50 futures up 0.3%.DXY was steady, whilst the AUD outperformed as Goldman Sachs now sees the RBA hiking in November.Crude futures were firmer after an earlier brief spike; focus on IRGC threats to internet cables in the Strait of Hormuz.Looking ahead, highlights include UK CPI (Sep). Speakers include BoE Governor Bailey, ECB's Cipollone & Lagarde. Supply from the US. Earnings from Abbott, NextEra, CME, AT&T, SAP, Iberdrola, Puig, Tesla, IBM, Meta & Texas Instruments.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Iranian Foreign Ministry said that if there is even the slightest chance that it may be able to prevent the escalation of tensions through diplomacy, it must definitely go this route.US equity futures mixed, NQ under pressure as tech resumes last week's selloff.DXY slightly lower; GBP firmer on an upbeat jobs report, while JPY unmoved following BoJ sources.Fixed income benchmarks have a slight positive tilt; JGBs boosted by a strong 20-year auction.Energy benchmarks are firmer despite the IEA head considering a further release of emergency stocks.Looking ahead, highlights include US Building Permits (Sep), NBH Policy Announcement. Speakers include BoE's Greene & RBA's Hauser. Earnings from EssilorLuxottica, GE Aerospace, General Motors, Northrop Grumman, Netflix, SpaceX & United Airlines.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Iran’s IRGC destroyed a US MQ-9 drone over the Strait of Hormuz; separately, Sabereen reported that explosions were heard in Bandar Abbas, though details were light.Crude benchmarks are mildly firmer amidst the tense geopolitical environment; the Pakistani Army Chief is set to arrive in Tehran today.APAC stocks were mostly lower; European equity futures are set for a lower open.G10s are mildly firmer against the softer USD; the Kiwi marginally leads.Fixed benchmarks are mixed; JGBs soar following a stellar 20-year auction.Looking ahead, highlights include German PPI (Sep), UK Unemployment Rate (Aug), EU/German ZEW Survey (Oct), US Building Permits (Sep), NBH Policy Announcement. Speakers include BoE's Greene & RBA's Hauser, Supply from the UK & Germany. Earnings from EssilorLuxottica, ABB, GE Aerospace, General Motors, RTX, Northrop Grumman, Netflix & United Airlines.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump signed an executive order waiving certain Graham Act sanctions, restrictions and duties on Russian energy revenues.Russian President Putin reportedly proposed a meeting with US President Trump and Chinese President Xi to discuss ending the war.US equity futures climb; French Luxury and Banks hit on protests.DXY modestly higher; Antipodeans outperform, EUR lags while USD/JPY regains 158.Fixed income benchmarks mixed; EGBs underperform as Dutch TTF climbs to fresh highs.Energy benchmarks fall as Trump eases Russian sanctions.Looking ahead, highlights include Canadian CPI (Sep). Earnings from Cleveland-Cliffs.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk