Highlights from the European Session
- OPEC MOMR (Oct): World oil demand growth forecasts revised down for 2022 and 2023
- Bank Of England's Pill: Significant Monetary Policy Response Will Be Required In Nov
- German eco min: will have negative growth figures in q3, q4 this year and in q1 next year
- Putin says Nord Stream sabotage is 'act of international terrorism'
- US mortgage market index falls 2.0 percent to 214.3 in week ended oct 7
- German econ ministry: German oil supply is secure after damage on Druzhba pipeline
- Bank of England 'closely monitoring' funds as bond support nears end
- Bank of England says temporary Gilt purchases will end on Oct 14
- Eurozone Industrial Production MoM: 1.5% (Forecast 0.7%, Previous -2.3%)
- YouGov: the UK's overall consumer confidence index fell by 1.1 points in September
- Germany, Netherlands propose EU-wide plan to curb gas prices
- Truss to U-Turn further on mini-budget pledges?
- UK pensions sector must review risk, disposal plans as BoE deadline looms- regulator
- BoE: bond-buying scheme still to end friday
- The @Newsquawk Euro Market Open: Markets were on edge amid conflicting BoE signals
- Polish pipeline operator PERN says leak detected in Druzba oil pipeline - Crude goes bid
- UK GDP Estimate MoM: -0.3% (Forecast 0%, Previous 0.2%)
- Citi sees brent prices averaging $101/bbl in 2022, $88/bbl in 2023
European bourses saw a choppy start to the session, but have since titled to the upside; US equity futures trade on a firmer footing with the ES back above 3600
GBP was volatile but currently stands as the outperformer, DXY is softer but off worst levels, USD/JPY to a fresh 2022 and multi-year best
BoE said the bank has made it clear from the outset that its temporary and targeted purchases of gilts will end on October 14th
Polish pipeline operator said it detected a leak in the Druzhba pipeline; Polish top official said there are no grounds to believe it was sabotage
Looking ahead, US PPI Final Demand, FOMC Minutes, G20 Finance Ministers' meeting, Astana Summit, Speeches from BoE's & Mann, ECB's Lagarde, Fed's Kashkari, Barr & Bowman Supply from US