As mentioned earlier, this is very much a placeholder session as we await the Fed. The dollar remains little changed for the most part while equities and bonds are fairly tentative still on the day.There is a lack of appetite to do much before the Fed, so expect the lull to continue in the hours ahe

The report highlights that Chinese authorities are scrutinising assets of Evergrande and its chairman, Hui Ka Yan, but expect no fire sale for the time being.If anything else, the audit reaffirms how Beijing is taking control of the situation. In turn, it allows authorities to decide on whether a st

Rate futures are showing a 61% chance of the BOE hiking rates tomorrow now and that is up from the below 50% odds before the hot UK CPI report earlier here. The data indicated that UK inflation is at its highest since 2011 and that puts a lot of pressure on policymakers ahead of tomorrow’s key decis

The market is pretty much sitting on edge right now as the countdown to the Fed decision continues.
There isn’t much else for traders and investors to work with in the meantime, so that is leaving a lot to be desired at the moment. The dollar is mildly weaker against the euro but EUR/USD is resting

Eurostoxx +0.3%Germany DAX +0.4%France CAC 40 +0.4%UK FTSE -0.1%Spain IBEX -0.5%There is some light optimism observed but it belies the more tentative mood overall. Be mindful that European stocks will close today before the FOMC meeting, so sentiment post-Fed will matter for tomorrow’s start.For no

Prior 98.2

The headline reading belies some of the pessimistic details in the report. The uncertainty index slipped a further 4 points to 63 last month while expectations fell by 1 point to -38. The latter ties a 48-year record low reading.
Of note, small businesses are said to be downbeat

That’s a modest turnaround on the session as buyers push back above 1.1300. Of note, they have also breached the key hourly moving averages @ 1.1296-00. That sees the near-term bias shift back in favour of buyers for now.

The chart above may seem like buyers are making a play but there are stil

Meanwhile, Nasdaq futures are the laggard being down 0.7% on the session.The mood today has some similarities to trading sentiment yesterday, where stocks fell late on. As mentioned earlier in the day, the key focus this week is still on the Fed and other major central bank meetings.Until we get to

To create a suitable monetary, financial environment to maintain economic operations in a reasonable rangePrudent monetary policy should be flexible, moderateLiquidity should be reasonably abundantThe headline remark is perhaps a notable one after they stepped in to curb yuan appreciation last week

Prior -0.2%
Industrial production +3.3% vs +3.0% y/y expected
Prior +5.2%

A light bounce in euro area production, owing to rises in capital and consumer goods. This is a bit of a lagging data point though as it pertains to October. So, there isn’t much to really extrapolate from this