EU Market Open: APAC stocks slumped amidst the global tech sell-off; the US military reportedly developed new strike plans against Iranian energy

US President Trump said Iran had asked for a halt to US attacks and negotiations are still ongoing. Trump mentioned that he would not use nuclear weapons, but warned that they may have to go to Pickaxe Mountain.European bourses traded mostly firmer in a rebound from recent selling pressure; TSLA +5% in pre-market trade after Musk unveiled a “flying” car.DXY is under pressure after Fed Chair Warsh avoided any rate guidance; Antipodeans lead given the risk tone.Crude benchmarks edge lower; Trump mentioned that Ukrainian President Zelensky is not a good guy to deal with.Looking ahead, Highlights include US Import/Export Prices (Sep), Industrial Production (Sep), Credit Ratings update from Morningstar DBRS on Italy.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump said Iran had asked for a halt to US attacks and negotiations are still ongoing. Trump mentioned that he would not use nuclear weapons, but warned that they may have to go to Pickaxe Mountain.APAC stocks traded mostly higher, attempting to rebound from the recent tech selloff; European equity futures are set for a positive cash market open.DXY is essentially flat, and was largely unreactive to Fed Chair Warsh who avoided any forward guidance; Antipodeans leads, whilst the CHF underperforms.Crude benchmarks are in the red as the Middle East situation remains tense; Trump mentioned that Ukrainian President Zelensky is not a good guy to deal with.Looking ahead, highlights include EU Final Inflation (Sep), Italian Final Inflation (Sep), US Import/Export Prices (Sep), Industrial Production (Sep), Credit Ratings update from Morningstar DBRS on Italy.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

The US military developed new strike plans that include potentially using the so-called “mother of all bombs” to target Iranian energy infrastructure and nuclear sites.APAC stocks slumped amid the global tech sell-off; European tech slumps, whilst NQ -1% underperforms.KOSPI was the worst performer and triggered circuit breakers after dropping as much as 8% owing to its large tech exposure.DXY pressured on lower yields & AI concerns; AUD underperforms post-jobs data.Crude pressured by global risk-off sentiment and potential supply relief; gold gains on haven demand.Looking ahead, highlights include US Jobless Claims (Oct/10), PPI (Sep), Retail Sales (Sep), Philly Fed Index (Oct), Atlanta Fed GDP (Q3). Speakers include Fed’s Bowman & Hammack, BoC’s Rogers, Earnings from Charles Schwab & Alcoa.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump said the Iran conflict will end soon; the US military reportedly developed new strike plans targeting Iranian energy and nuclear sites.APAC stocks slumped amid the global tech sell-off and hotter-than-expected US CPI; US and European equity futures declined.KOSPI was the worst performer and triggered circuit breakers after dropping as much as 8% owing to its large tech exposure.DXY softened alongside lower US yields; crude futures retreated, while gold rallied on haven demand.Looking ahead, highlights include UK GDP (Aug), French Final Inflation (Sep), US Jobless Claims (Oct/10), PPI (Sep), Retail Sales (Sep), Philly Fed Index (Oct), Atlanta Fed GDP (Q3). Speakers include US President Trump, BoJ’s Koeda, BoE’s Pill, Greene & Breeden, Fed’s Bowman & Hammack, BoC’s Rogers, ECB's Cipollone. Supply from Spain & France. Earnings from TSMC, Ericsson, Charles Schwab & Alcoa.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump said he will make a decision on Iran very soon; Israeli PM Netanyahu and Trump reportedly discussed launching a major new operation against Iran before the US and Israeli elections.Yemeni Army said operations towards Saudi airports and oil facilities will continue and urged civilians, workers and shipping companies to evacuate airports and firms.US equity futures mixed; ASML gains on an upbeat Q3 report and raised guidance.DXY flat; Antipodeans outperform following strong Chinese trade data.Fixed income benchmarks climb, led by Gilts on pre-budget reports.Looking ahead, highlights include US Inflation (Sep). Speakers include Fed’s Barkin, ECB's Schnabel. Earnings from Bank of America, BlackRock, Morgan Stanley, Progressive & State Street.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump said he will make a decision on Iran very soon; Israeli PM Netanyahu and Trump reportedly discussed launching a major new operation against Iran before the US and Israeli elections.Iran reportedly stepped up attacks on shipping ahead of the US midterms. Saudi Arabia and the Houthis continued exchanging strikes.APAC stocks were mixed as the region clawed back some recent tech-related losses; US equity futures mildly rebounded, European futures briefly dipped on ASML earnings.DXY remained softer following yesterday's decline alongside lower US yields; crude futures climbed amid continued Middle East tensions, while spot gold lacked firm direction.Looking ahead, highlights include German Wholesale Prices (Sep), Spanish Final Inflation (Sep), US Inflation (Sep), IEA OMR. Speakers include US President Trump, Fed’s Bowman & Barkin, BoE’s Pill & Breeden, BoC’s Macklem, ECB's Lagarde, Zigman, Elderson & Schnabel. Supply from the UK & Germany. Earnings from Bank of America, BlackRock, Morgan Stanley, Progressive & State Street.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump said the war with Iran will end very soon and that oil prices will fall once the conflict concludes, while Saudi Arabia conducted further strikes against Houthi targets in Yemen.The BoJ is reportedly leaning back against back-to-back hikes in October but could hawkishly adjust inflation language, according to Bloomberg.US equity futures mixed, with the NQ underperforming as chip names continue to slip.DXY pushed lower by higher yields; JPY outperforms following BoJ sources.Fixed income benchmarks gain on a flight to safety and lower energy prices (Brent -1.7%).Looking ahead, highlights include US ADP Employment Change Weekly, Existing Home Sales (Sep), OPEC MOMR. Speakers include ECB's Lane, Fed’s Barkin & Collins. Earnings from UnitedHealth, JPMorgan, Goldman Sachs, Wells Fargo, Citi, Johnson & Johnson.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump said the war with Iran will end very soon and that oil prices will fall once the conflict concludes, while Saudi Arabia conducted further strikes against Houthi targets in Yemen.US President Trump said Zelensky and Putin have to get together and end the war, while he thinks they support the energy ceasefire.APAC stocks mostly declined amid a tech-led sell-off following weakness in US chip and memory stocks; US equity futures were pressured, while European futures point to a lower open.DXY softened amid lower yields and geopolitical developments; crude futures declined despite continued Middle East tensions and uncertainty over a Russia-Ukraine energy ceasefire.Looking ahead, highlights include German Final Inflation (Sep), US ADP Employment Change Weekly, Existing Home Sales (Sep), OPEC MOMR. Speakers include US President Trump, ECB's Elderson & Lane, Fed’s Waller, Barkin & Collins. Supply from the Netherlands, Italy & Germany. Earnings from UnitedHealth, JPMorgan, Goldman Sachs, Wells Fargo, Citi, Johnson & Johnson.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump announced a potential Russia-Ukraine energy ceasefire, while also lifting Russia's diesel export ban.Ukrainian President Zelensky said that he was willing to halt strikes if Russia stopped targeting Ukrainian infrastructure, but noted that Russia hit a power plant, following US President Trump's energy ceasefire comment.US equity futures are firmer but off best levels as energy rebounds (Brent +1.1%).DXY posts mild gains; GBP outperforms as PM Burnham aims for improved EU ties.Fixed income gives back earlier upside given the aforementioned energy moves.Looking ahead, highlights include BoE's Mann, Fed's Hammack, and LVMH earnings. US cash bond markets are closed for Columbus Day.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump is considering joining Saudi strikes against Yemen's Houthis following deadly airport attacks, while Iran reiterated that Hormuz will only reopen once the US fulfils all seven conditions.US President Trump announced a potential Russia-Ukraine energy ceasefire and a diesel deal with Russia, sparking criticism from US lawmakers.APAC stocks traded mixed amid geopolitical tensions and holiday-thinned trade; US equity futures gained, while European futures point to a positive open.DXY marginally softened amid lower oil prices and firmer Asian currencies; crude futures reversed opening gains as markets digested weekend geopolitics.Looking ahead, highlights include BoE's Breeden and Mann, Fed's Hammack, and LVMH earnings. US cash bond markets are closed for Columbus Day.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk