Morning Markets: Russia agrees to Opec deal, Brent hits one-year high
- ZEW Economic Sentiment (0900 GMT)
- US: Small Business Optimism Index (1000 GMT)
- US: Labor Market Conditions Index (1400 GMT)
- Saudi Arabia and Russia said they're ready to cooperate to limit oil output
- Oil prices surged to a one-year high overnight on the news
- Iron ore jumped back above $55
- Asian shares were mixed with Samsung in focus after Galaxy Note 7 problems
- Samsung shares dropped a further 7% today on Note 7 issues
- South Korea's Kospi opened down 0.07%; the Nikkei was up 0.77%
- The Australian market rose early, led by energy stocks and closed 4 points higher
- Lending to Aussie housing investors grew 0.1% in August, its slowest in four months
- Japan posted a current account surplus of ¥2 trillion, up 23% for the year and beating forecasts
- AUDUSD rallied on the oil surge, lifting above 0.76 in early trading
- US dollar continues to show strength overnight
- GBPUSD largely flat below 1.2325 following protracted selloff
- NZD loses about 30 pips versus the dollar on rate cut talk from the RBNZ
From the Floor
Fed up. "Goldman Sachs are calling the likelihood of a Fed hike at 75%," says Moltke-Leth
Dollar ready to run. "The dollar is spreading its wings here," says Hardy
Get all the latest from Saxo Bank's trading floors in From the Floor, within the hour.
Germany's ZEW economic sentiment survey is on track for a rise that will equate with relatively soft growth for Europe’s biggest economy, explains James Picerno.
The oil surge overnight greased energy stocks and the Australian market got an early lift, writes the team at Saxo Capital Markets (Australia).
Asian shares opened mixed with Samsung Electronics in focus after the stock plunged following its latest problems, says Saxo's Singapore trading team.
Much has been said about the US election's ability to rile up asset markets, but the US earnings season – and particularly a soft one – could see volatility return as well says Georgio Stoev.
Morning Markets goes out on the TradingFloor platform at 0700 GMT, Monday to Friday.
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