Charts + Observations
Europe & US futures are trading cautiously ahead of CPI.
Asia mostly higher driven by KOSPI w/ more short closing in evidence. Other indexes mixed ahead of a meeting US/China.
Greater China mixed with HK trading nearly flat while Mainland v quiet.
China activity data on Wednesday forecast to show economy lost momentum in October.
Japan not doing much w/more talk, but little action, from BOJ on yen volatility.
SXXP back trading >50dma. Cautious trading session ahead of the CPI nos.
EU Cyclicals slightly higher +45bps. MSEECYDE testing local highs seen in Oct.
Eu Quality, High Divi, Value baskets all down -20/30bps.
Media, Basic Resources & Real Estate leading while Energy, Travel & Leisure lagging.
EU Med Tech also in the green +100bps across the sector following US peers.
Brent is flat. US nat gas unch while prices -200bp in Europe. Copper is holding steady. Bitcoin and gold are both unch.
US futures higher w/ESZ3 +8.75, HIWZ3 +38.00, RTYZ3 +1.80 and NQZ3 +45.75.