- Subdued session overall but looking forward to an action-pack week ahead.
Notes/observations Session saw cautious tone as market's focus on the health of the corporate sector. Geopolitical tensions in the Middle East as well as election uncertainty.
- ECB's Simkus reiterated that he did not see case for 50bps rate cut in Dec. - German Economists noted that orders were not improving and unclear if recent survey indicated a turnaround. Remained a challenging environment for manufacturing companies. More rate cuts from ECB are appropriate for Germany. - China NPC Standing Committee's meeting scheduled on Nov 4-8th. Currencies/Fixed income - FX market remain subdued but looking forward to an action-pack week ahead.
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