Morning Markets: The debate, the data, and the dollar
- Germany: Gfk Consumer Climate Index (0600 GMT)
- US: Durable Goods Orders (1230 GMT)
- Oil traded below $45/b before producers meet to discuss output in Algiers
- West Texas Intermediate crude was little changed at $44.68/b in early trade
- In early Asia trade, MSCI Asia Pacific Index declined 0.9%
- ASX200 climbed higher at the open on AGL share buyback before turning down 0.1%
- Japan's Nikkei 225 was down 1.19% after renewed strength in the yen
- Westpac MNI China Consumer Sentiment Indicator up 3.3% in September
- AUD lost most of the gains made after USD rose following the presidential debate
- The yen recovered from losses post Presidential debate and flirted with one-month highs
- USD traded at 100.41 yen, having dropped from Tuesday's high of 100.99
- USD was down 0.3% in early trade, the Malaysian Ringgit slipped 0.4%
From the Floor
Coming up empty. “No oil deal is expected at today’s Opec meeting,” says Moltke-Leth
Treading water. “There’s no conviction to be found [and] USDJPY continues to tread water,” says Hardy
Get all the latest from Saxo Bank's trading floors in From the Floor, within the hour.
The consensus forecast for US new durable goods orders is a 1.9% monthly slide, which translates into another negative year-over-year comparison, writes James Picerno
Peso vs polls
Much of the criticism of Donald Trump is well-founded, writes Juhani Huopainen, but it's not fair to blame his rise in the opinion polls for the dumping of the Mexican peso.
AGL lifts ASX
The local market was led higher at the open by AGL, after the electricity generator announced a $600m share buyback plan, writes the team at Saxo Capital Markets (Australia).
At oil's mercy
A raft of soft macroeconomic data are doing the Canadian dollar no favours of late, particularly considering the pre-Algiers volatility seen in crude says Michael O'Neill.
Morning Markets goes out on the TradingFloor platform at 0700 GMT, Monday to Friday.
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