Morning all!- US futures slumped after-hours on weak results from Amazon (-7.3%) and Intel (-23%), while APAC stocks wer | Hanami
Morning all!
- US futures slumped after-hours on weak results from Amazon (-7.3%) and Intel (-23%), while APAC stocks were mixed and the KOSPI triggered a sidecar.
- BoJ kept rates unchanged, as expected, in an 8-1 vote with Takata dissenting in favour of a hike.
- Reports continued to point to potential US strikes on Iran after the midterms, while the Houthis said they targeted Saudi oil facilities; crude futures gained.
- DXY was little changed after weakening on lower yields; EUR/USD held on to gains after the ECB's hawkish hold, with source reports indicating policymakers are prepared to raise rates in December.
- Looking ahead, highlights include French GDP (Q3), French Flash CPI (Oct), Spanish Flash CPI (Oct), German GDP (Q3), German State/National CPI (Oct), EZ GDP (Q3), Italian Flash CPI (Oct), Canadian GDP (Aug), CBRT Minutes (Oct), EU-Canada Summit (29-30 Oct). Speakers include BoJ Governor Ueda, ECB’s Lane, Fed’s Musalem, Daly, Hammack & Cook. Earnings from Exxon Mobil, Chevron, AbbVie, Colgate-Palmolive, AstraZeneca, BP, NatWest & Sanofi.(Historical earnings: For 2026Q2 (period ended 2026-06-30), Amazon reported basic EPS of 8.64, diluted EPS of 8.53, and net income of USD 135.281 billion.
Consensus expectations: For 2026Q3 (event date 2026-10-29), consensus EPS estimate is 1.9579 and revenue estimate is USD 202.203 billion.)