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The Nasdaq rose +1.1%, the Dow Jones +1.0%, and the S&P 500 +0.58%.
U.S. 10-year yields held at 4.00%, while Brent Crude slipped slightly to $65.65/bbl.
Weekend news of progress in U.S.–China trade talks helped the AUD/USD peak at 0.65475 in early Monday trade, up from 0.6510 late last week.
- Asian equities closed higher: KOSPI +2.5%, Nikkei +1.4%, Shenzhen +1.3%, Hang Seng +0.7%. The ASX fell -0.2% due to weakness in healthcare and financials. AUD/USD peaked at 0.6517 before easing to 0.6494.
- European equities opened mixed after diverging PMI data — France’s composite PMI missed at 46.8 vs 48.4 est., while Germany (53.8) and Eurozone (52.2) beat forecasts. EUR/USD briefly rose to 1.1628, and GBP/USD dipped to 1.3301.
- Equities softened into lunch: CAC -0.5%, Stoxx -0.2%, while FTSE and DAX traded sideways. Gold fell -1.7% to $4,050/oz.
- U.S. CPI (Sept) printed at +0.2% MoM / +3.0% YoY, both 0.1% below forecasts; Core CPI matched that trend.
- The USD weakened, yields dipped, and equities advanced. AUD/USD hit 0.6529, NZD/USD 0.5780, EUR/USD 1.1649, GBP/USD 1.3385, and USD/JPY dropped to 152.25.
- Later data showed U.S. Manufacturing PMI (Oct) at 52.2, Services PMI at 55.2, and Composite PMI at 54.8, all above estimates.
- University of Michigan Sentiment was revised down to 53.6 (from 55.0), below expectations.
- he USD later pared losses: GBP/USD fell to 1.32885, NZD/USD slipped, and USD/CAD rose to 1.4039.
- Wall St. held firm: Dow +1.0%, S&P 500 +0.8%, Nasdaq +1.1%.
- Early Monday trade saw risk currencies rally on optimism over Trump–Xi trade talks: AUD/USD 0.65475, NZD/USD 0.5794, USD/JPY 153.08.
Key Economic Data Ahead (Sydney Time)
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