Morning Juice – Europe Session Prep

Good morning, Traders.
It is Wednesday, the 23rd of October, here is what to expect for the day.

Sentiment

Amid a spike in global yields as speculators reevaluate the US Federal Reserve’s path towards rate cuts, the yield on Japan’s 40-year government bond increased to its highest level in 16 years.

As Donald Trump rallied voters in a pivotal swing state with two weeks to go before Election Day, he bragged about his promise to offer tax incentives for car purchases, emphasising that the benefit would only apply to cars built in the US.

Oil dropped as the Biden administration redoubled its attempts to arrange a cease-fire in the Middle East, which might calm tensions, while a US industry group indicated a little increase in national crude inventories.

Australia’s rapidly expanding According to an International Monetary Fund estimate, the $3.9 trillion ($2.6 trillion) pensions sector is increasing the likelihood of significant market fluctuations by driving up private-market investments.

Concerns over private credit valuations, whether lenders are concealing bad loans, and the intricate relationship between private markets and insurance money are being raised by leading financial authorities worldwide.

Alan Greenspan was planning a rare gentle landing when US government bonds last experienced such a large selloff when the Federal Reserve began lowering interest rates.

Good luck!