US mortgage applications -5.1% vs -1.3% priorMorgan Stanley expecting slight deceleration in tomorrow’s CPIECB’s Patsalides says room for rate cut but Middle East implications need assessmentInterest rate expectations for upcoming policy decisionsIsraeli PM Netanyahu held extensive talks with senior officials on response to IranViews on major FX from UBSECB’s Kazaks: Rate cuts are necessary as the economy is weakChina’s new yuan loans likely surged in September as stimulus ramps upMarket mood a bit sour this morningCategory 5 Hurricane Milton to hit Florida Gulf Coast tonight with 160 mph windsLloyd’s of London warning on potential $14.5 trillion global economic lossECB’s Kazimir: Not as convinced as media reports on October cutEurope’s STOXX 600 bolstered by defensive sectors amidst China uncertaintyWhat are the main events for today?British envoy Lammy embarks on China mission to mend tiesGeopolitical risk premium in oil market eases slightly, says Goldman SachsThe @Newsquawk Europe Market Open: China finance briefing, ECB and Fed speakers aheadChina’s finance ministry to detail fiscal stimulus plans on SaturdayJapanese machine tool orders decline in SeptemberGerman Imports Drop More Than Expected, Exports RiseECB ‘very likely’ to reduce interest rates next week, says VilleroyChina’s finance ministry briefing set for October 12; fiscal policy adjustments revealedDollar Holds Steady Pre-Fed Minutes; Kiwi Drops on Rate CutIndia cenbank keeps rates steady at 6.50%, shifts to ‘neutral’ stanceWorld Bank says China growth rate will drop next year, doubt over recent stimulus measures
It’s been another dull session as we continue to wait for the US CPI release tomorrow. The price action remains rangebound in most markets.
The only notable news was about the China’s finance ministry holding a news conference on Saturday to
provide details on fiscal stimulus measures aimed at reviving the
faltering economy.
We had also some ECB speakers continuing to talk about the October cut which is already fully priced in by the markets. On the geopolitical front, nothing has changed as Israel has not decided yet on the scope and the timing for the retailiation against Iran.
In the American session, there’s no economic data to be released but we will hear from lots of Fed speakers. Finally, we will conclude with the FOMC Meeting Minutes later in the day, but as it’s almost always the case, they won’t matter.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
