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SNAPSHOT: Equities down, Treasuries steepen, Crude down, Dollar up, Gold down -
REAR VIEW: Strong US 10yr note auction; Consumer Inflation expectations tick higher on 1 and 3yr, 5yr maintained; French Finance Ministry says no change in bond issuance strategy; France to release 10mln barrels of diesel from reserves; IEA members have expressed support for accelerating the oil stock releases announced in the collective action of March; Senior Iranian official says the US must first meet Iran’s conditions before the nuclear issue can be discussed; First LNG train at Qatar’s Northfield east expansion project is reportedly ready to start; Senior Euro Zone official does not see contagion from the rise in French bond yields so far; The EU is preparing a temporary import cap on Chinese hybrid cars -
COMING UP: Data: German Trade Balance (Aug), US Initial Jobless Claims (Oct/03), Atlanta Fed GDP (Q3) Events: ECB Minutes (Sep), UK Holborn and St Pancras parliamentary by-election Speakers: US President Trump; ECB’s Lane; BoE’s Greene, Bailey, Lombardelli; Fed’s Waller, Kashkari, Musalem Supply: Japan, US Earnings: PepsiCo More Newsquawk in 2 steps: ## MARKET WRAP Stocks finished lower on Wednesday in relatively broad-based weakness, with the Russell 2000 and equal-weight S&P 500 underperforming the major indices. …
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