US Markets Rallied on indications the budget stalemate may be getting a bit closer to a resolution, equities Rallied after House Republicans proposed extending the debt limit by six weeks in order to allow for a broader discussion on spending...VIX @16.48 (-15.9%)...BRazil+0.85%...Asia manily higher tracking US Perf, no much news in Asia, most notably Japan saw another increase in corporate goods price index (CGPI) and weekly Fed balance sheet data did NOT produce a drop in treasury buying by foreign central banks despite the political gridlock in Washington. China September figures on trade and possibly lending are expected over the weekend...Nikkei +1.5%...Shanghai +1.57% China Sept auto sales at 1.59M v 1.5Me, +21% y/y Vehicle sales +19.7% --> Watch BMW, VOW3, & DAI this morning...
Eur$ 1.3534 European Fucad Curncy gpt indicated 30bps higher
Keep an eye on : - DAI GY : Daimler to Rise in Relative Terms Over Next 60 Days: MS - EOAN GY : E.ON to Fall in Relative Terms Over Next 30 Days: Morgan Stanley - FRA GY : Fraport Group Sept. Passengers Rise 5.8% to 11.1m - RBS LN : BNP, SocGen Interested in RBS Equity-Deratives Unit: L’Agefi - ROG VX : Genentech Says FDA Accepted, Filed SBLA for Xolair - SNAM IM : Snam Kept at Buy at BofA; Next News Flow Focused on Regulation