Societe Generale in its early Tuesday economic news summary pointed out:
-- US dollar bid, 10-year United States Treasury backs up 5bps to 4.35%, 2s/10s curve flattens to 3bps. Decision Desk HQ projects Republicans retain a majority in the House. Euro offered below 1.0650, two-year UST/Schatz blows out to 216bps. CNH weakens to a three-month low of 7.2500.
-- United Kingdom September average earnings accelerate to 4.3% three-month over year from 3.9%, above forecast. Earnings excluding bonuses slow to 4.8%. Private sector pay cools to 4.8% and public sector to 4.7%. Employment gains 220,000 three-month over three-month. Unemployment rate +0.3ppt to 4.3%.
-- Day ahead: Federal Reserve speakers Waller, Barkin, Harker. US SLOOS (senior loan officer opinion survey). European Central Bank's Rehn, Centeno and Cipollone. Germany ZEW survey expectations. India's consumer price index. Germany and UK benchmark auctions.
-- Nikkei -0.5%, EUR 10-year IRS +1.5bps to 2.315%, Brent crude -0.1% at $71.7/barrel, Gold -0.5% at $2,599/oz.
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