� US sold off and finished near the lows.
� Fair amount of questions on early weakness and the failure of one of the AI post children (PLTR) after solid numbers being highlighted.
� No significant Fed speak or tariff headlines.
� Breadth remains quite poor. Value > Growth > Momentum.
� Defensives the relative outperformers. Financials, Staples and Healthcare outperform, while Tech, Discretionary and Industrials lagged.
� AMD fell postmarket as its revenue forecast failed to impress.
� AsiaPac is taking its lead from the US close with SK and Japan leading declines, rest of the moves are more muted.
� Tech plays are the worst performing across the region.
� Worth noting that sell orders for program trading of Kospi was briefly halted.
� Kiwi jobless rate hit a 9y high.
� The greenback (along with other save havens) held its ground gained � ZAR c17.50.
� Treasuries advanced: US2y 3.55/US10y 4.07.
� Aussie yields are lower.
� Gold rebounded and pall is following suit while the rest of the commodities are moves are fairly muted.
� The rand is trading at R17.49/$, after closing weaker yesterday (R17.50/$*).
Key events and data:
|
|
|
� 09h15: SA S&P Global industry-wide PMI (October)
� 11h00: Eurozone HCOB services and composite PMI (October � final)
� 11h30: UK S&P Global services and composite PMI (October � final)
� 12h00: Eurozone PPI (September)
� 14h00: US MBA mortgage applications (31 October)
� 15h15: US ADP employment report (October)
� 16h45: US S&P Global services and composite PMI (October � final)
� 17h00: US ISM services PMI (October)
|