Morning wrap

  • US indices ended Thursday’s session higher with Dow Jones rising 0.7%, SP500 and NASDAQ rising 0.3%; this positive sentiment has not been seen across Asian markets where modest declines are prevailing this morning except NIKKEI which is up 0.2%

  • Wall Street earnings season: Walt Disney adj. EPS $1.07 (est. $0.95), revenue $19.41 billion (est. $19.29 billion)

  • Chinese imports for October fell 6.4% YoY (est. -7.8% YoY), exports declined 0.9% YoY (-3.9% YoY) and a trade balance slightly declined to $40.1 billion from downwardly revised $39.2 billion 

  • Japanese labour cash earnings for September rose 0.8% YoY, beating the median estimate of a 0.1% YoY pick-up; at the same time real earnings jumped 0.6% YoY, while expectations had pointed to a 0.4% decline; in turn, household spending surged 9.5% YoY (est. 7% YoY) helped by the increased demand due to a sales tax hike

  • Austalian home loans for September rose 3.6% MoM, beating the consensus of a 1% MoM increase

  • Michael Bloomberg is preparing to file to run for US presidency next year - NY Times

  • US 10Y bond yield jumped roughly 10bps on Thursday on trade optimism; yields climbed in general across the entire curve expect those at the short-end kept down by T-bills purchases

US30 has had yesterday its second best session this month so far. Source: xStation5
Wall St. set for another record open; Home Depot to fall
European stocks surge higher
DE30 breaks out, highest since January 2018
Aussie moves lower on interesting RBA minutes
Economic calendar: GBP traders await Corbyn-Johnson election debate
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