Kostiantyn

• European indices including the Euro Stoxx 50 and the DAX continue to trade higher. 
• The European Central Bank’s latest cut continues to benefit European stocks. 
• US Stocks “mixed” with the Dow Jones rising 0.55%, the SNP500 0.14% ending the day 0.47% lower. 
• The Dow Jones was the best performing US

Asia & European Sessions:

• Wall Street recovered slightly from Friday’s dip. Dip buying got the ball rolling and short covering has added to the bullish momentum.
• Expectations for a soft, rather than hard landing, with the FOMC expected to cut rates by only -25 bps rather than -50 bps have

US inflation data supported bets for a rate cut from the Fed next week, but also argued for gradual moves.

Asia & European Sessions:

• Selling initially drove the moves on Wall Street and Treasuries as the pick up in the monthly US CPI core rate weighed on aggressive Fed rate

Investors remain cautious about the gloomy outlook for China’s economy & worry that the Fed has delayed easing monetary policy. Traders are anticipating at least 1 significant rate cut this year, ahead of the CPI report, which is expected to show modest inflation growth.

Asia & European Sessions:

• Asian equities

• The stock market witnesses its worst session since August 5th. The NASDAQ drops more than 3.00% as 80% of its stocks decline. 
• The VIX rises more than 5% indicating a low risk appetite as investors fear lower consumer demand and the unwinding of certain hedge positions. 
• The price of the