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� The US ended lower on a decline in energy shares and a selloff in the semiconductor sector after chip-equipment ASML poured cold water on the mounting rally from a summer selloff.
� FED commentary cautious, with slowing but robust outlook.
� VIX +5% but Calls made up 74% of the volume.
� AsianPac is trading with a weaker bias, in line with what we�ve seen from the US close.
� Hong Kong is bucking the weaker trend - relaxing mortgage rules.
� Chip stocks shed $420B on ASML outlook.
� China�s property shares rose as markets prepared for Thursday�s briefing.
� Kiwi inflation slowed in Q3. SK jobless rate rose less than exp in September.
� Tencent +1.5% vs ADR -5%.
� The greenback relinquished earlier gains � ZAR c17.62.
� The yen briefly rose after BOJ said conditions warrant �gradual� policy normalization.
� No major movements over in the yields: US2y 3.95/US10y 4.03.
� Aussie curve bull flattens with 10y 5bps lower.
� Over in commodities oil is steady post the previous session�s decline.
� Both precious and base metals are also better bid � iron just below $107 a ton.
� WisdomTree rebal in the closing auct today.
� The rand is stronger this morning, at R17.62/$, after closing weaker yesterday (R17.66/$*).
Key events and data:
� 08h00: UK CPI, PPI, RPI (September)
� 13h00: SA retail sales (August)
� 13h00: US MBA mortgage applications (11 October)
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