Societe Generale in its early Tuesday economic news summary pointed out:
-- US dollar rangebound, DXY holds above 200dma (103.84), 10-year United States Treasury +1bp at 4.29%. Three-year refunding auction soft: 0.9bp tail, non-dealer bidding 80.2%, indirect demand took 70.6%, b/c 2.60x.
-- Day ahead: US presidential elections. ISM services, SG forecasts 54.3. US and United Kingdom benchmark auctions.
-- The Reserve Bank of Australia leaves CRT on hold at 4.35%. Statement repeats not ruling anything in or out as underlying inflation remains too high. Gross domestic product growth for FY24/25 lowered to 1.7% from 1.9%. AUD/USD +0.2% at 0.6600, three-year ACGB +3bps at 4.08%.
-- China's Caixin PMI services climbed to 52.0 in October from 50.3. CSI 300 +2.2%. USD/CNH steady at 7.11. Premier Li Qiang is 'fully confident' that the economy will hit its growth target this year. NPC mulls lifting local government debt ceiling.
-- Nikkei +1.1%, EUR 10-year IRS flat at 2.43%, Brent crude -0.1% at $75.0/barrel, Gold steady at $2,740/oz.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.