Morning all!- The US told several Gulf Arab countries to be prepared for a short, intense military campaign after the US | Hanami
Morning all!
- The US told several Gulf Arab countries to be prepared for a short, intense military campaign after the US midterm elections, according to people briefed on the conversations cited by the WSJ.
- NZD/USD slumped following the surprise decision by the RBNZ to keep rates unchanged at 2.75% in a narrow 4-3 vote split.
- APAC stocks were mostly higher as the region followed suit to the gains on Wall Street; European equity futures indicate a subdued cash market open.
- Crude futures rebounded overnight following yesterday's choppy trade; 10yr UST futures mildly retreated as yields edged higher in tandem with oil prices.
- Looking ahead, highlights include German GfK Consumer Confidence (Nov), US Atlanta Fed GDPNow, Fed Policy Announcement (Oct), BoC Policy Announcement (Oct), UK Autumn Budget. Speakers include BoC’s Macklem & Fed Chair Warsh. Supply from Germany & the US. Earnings from GE Vernova, Phillips 66, Microsoft, Alphabet, ServiceNow, FedEx, T-Mobile, Ford, UBS, Airbus, Unilever & GSK.(Historical earnings: For 2026Q2 (period ended 2026-06-30), reported basic EPS of 14.41, diluted EPS of 14.24, and net income of USD 174.771 billion.
Consensus expectations: Consensus for 2026Q3 expects EPS of 3.003 and revenue of USD 127.833 billion.)