Oil Prices Rise as Strait of Hormuz Risks Offset OPEC+ Supply Increase 
Dollar Rebounds as Euro, Pound Slip Ahead of Fed Minutes, Yen Near Intervention Zone 
Iran Targets U.S. Bases in Bahrain, Kuwait as Hormuz Conflict Escalates and Oil Prices Jump 
Chinese Chip Stocks Jump as Apple Reportedly Tests CXMT Memory Chips for China Devices 
Asia Stocks Fall as Samsung Earnings Fail to Ease AI Valuation Concerns 
Japan Revises Economic Blueprint to Reassure Markets on BOJ Independence 
Asian Currencies Slip as Stronger US Dollar, Iran Tensions Pressure Regional FX 
RBNZ Raises Interest Rates to 2.50%, Signals More Tightening as Inflation Risks Persist 
Gold Price Rebounds as U.S.-Iran Tensions and Fed Minutes Keep Markets on Edge 
This week is relatively less risk heavy in terms of data and events.
What to watch for over the coming days:
- US earnings:
Earnings season remains in focus. S&P 500 as well as stocks around the world would be much influenced by third quarter figures. Big names include Alphabet, Visa, Caterpillar, General Motors, Under Armour, Dow Chemical, ExxonMobil, and many more.
- Central banks:
Lots of central bank speakers this week. Fed’s William Dudley, James Bullard, and Charles Evans are scheduled to speak on Monday. SNB chairman Jordon is also scheduled to speak on Monday. Tuesday will hear speeches from BoE governor Mark Carney and ECB President Mario Draghi.
- US data:
Not many economic dockets this week but an important one on Friday; first flash reading of third quarter GDP.
- UK data:
Third quarter GDP data on Thursday is a must watch.
In addition to the above, unscheduled Brexit commentaries would keep weighing on the market.
