(raw materials / closing price /% change)

Oil 54.07 +0.32%

Gold 1,276.90 +0.40%

(index / closing price / change items /% change)

Nikkei +3.22 22011.67 +0.01%

TOPIX -0.21 1770.84 -0.01%

Hang Seng -102.66 28336.19 -0.36%

CSI 300 -12.25 4009.72 -0.30%

Euro Stoxx 50 +9.95 3662.18 +0.27%

FTSE 100 -17.22 7487.81 -0.23%

DAX +12.03 13229.57 +0.09%

CAC 40 -0.50 5493.63 -0.01%

DJIA -85.45 23348.74 -0.36%

S&P 500 -8.24 2572.83 -0.32%

NASDAQ -2.30 6698.97 -0.03%

S&P/TSX +49.27 16002.78 +0.31%

(pare/closed(GMT +3)/change, %)

EUR/USD $1,1649 +0,35%

GBP/USD $1,3206 +0,59%

USD/CHF Chf0,99459 -0,25%

USD/JPY Y113,15 -0,47%

EUR/JPY Y131,82 -0,11%

GBP/JPY Y149,434 +0,12%

AUD/USD $0,7687 +0,14%

NZD/USD $0,6871 0,00%

USD/CAD C$1,28281 +0,10%

00:45 New Zealand Building Permits, m/m September 5.9% Revised From 10.2% -2.3%

02:30 Japan Household spending Y/Y September 6.0% 0.7%

02:30 Japan Unemployment Rate September 2.8% 2.8%

02:50 Japan Industrial Production (MoM) (Preliminary) September 2.1% -1.5%

02:50 Japan Industrial Production (YoY) (Preliminary) September 5.4%

03:00 Australia HIA New Home Sales, m/m September 9.1%

03:00 New Zealand ANZ Business Confidence October 0

03:05 United Kingdom Gfk Consumer Confidence October -9 -10

03:30 Australia Private Sector Credit, m/m September 0.5% 0.5%

03:30 Australia Private Sector Credit, y/y September 5.5%

04:00 China Manufacturing PMI October 52.4 52.0

04:00 China Non-Manufacturing PMI October 55.4

05:00 Japan BoJ Interest Rate Decision -0.1% -0.1%

08:00 Japan Housing Starts, y/y September -2.0% -3.6%

08:00 Japan Construction Orders, y/y September -10.6%

08:00 Japan BOJ Outlook Report

09:30 France GDP, q/q (Preliminary) Quarter III 0.5% 0.5%

09:30 Japan BOJ Press Conference

10:45 France CPI, y/y (Preliminary) October 1.0%

10:45 France CPI, m/m (Preliminary) October -0.2% 0.1%

13:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Preliminary) October 1.1%

13:00 Eurozone Harmonized CPI, Y/Y (Preliminary) October 1.5% 1.4%

13:00 Eurozone Unemployment Rate September 9.1% 9%

13:00 Eurozone GDP (YoY) (Preliminary) Quarter III 2.3% 2.1%

13:00 Eurozone GDP (QoQ) (Preliminary) Quarter III 0.6% 0.6%

15:30 Canada Industrial Product Price Index, m/m September 0.3% 0.5%

15:30 Canada Industrial Product Price Index, y/y September 1.9%

15:30 Canada GDP (m/m) August 0.0% 0.1%

16:00 U.S. S&P/Case-Shiller Home Price Indices, y/y August 5.8% 6.0%

16:45 U.S. Chicago Purchasing Managers' Index October 65.2 62.0

17:00 U.S. Consumer confidence October 119.8 121

22:30 Canada BOC Gov Stephen Poloz Speaks

Major US stock indices fell slightly on Monday after reports that the House of Representatives is discussing a "gradual introduction" for corporate taxation plans by President Donald Trump.

According to Bloomberg, the White House is considering the possibility of a phased reduction of corporate tax. In the latest assumptions reported, the corporate income tax rate of 20%, which the President Trump team actively advertised, will not come into force until 2022. During this period, this rate will be gradually reduced.

In addition, it was reported that in September, consumer spending in the US recorded the largest increase in more than eight years in September, probably because households in Texas and Florida replaced water-damaged cars, but core inflation remained muted. The Commerce Department said on Monday that consumer spending, accounting for more than two-thirds of US economic activity, rose 1.0% last month. The increase, which also included an increase in household spending on utilities, was the largest since August 2009.

However, data provided by the Federal Reserve Bank of Dallas, showed that in October, the business activity of Texas producers increased significantly, despite the projected decline. According to the report, the Dallas Federal Reserve's production index in October rose to 27.6 points from 21.3 points in September. Analysts had expected the decline to 21.0 points. Recall, the value of the index above zero indicates an increase in business activity.

Oil prices rose moderately on Monday, supported by expectations of a tangent that the contract to reduce production will be extended after March. However, the growth of oil exports from Iraq limited the increase in quotations.

Most components of the DOW index finished trading in the red (22 of 30). The leader of growth was the shares of Apple Inc. (AAPL + 2.32%). Outsider were the shares of Merck & Co., Inc. (MRK, -5.92%).

Almost all sectors of the S & P index recorded a decline. The health sector showed the greatest decline (-0.7%). The base resources sector grew most (+ 0.5%).

At closing:

DJIA -0.36% 23,348.74 -85.45

Nasdaq -0.03% 6,698.96 -2.30

S & P-0.32% 2.572.83 -8.24

EURUSD: 1.1580 (EUR 810m) 1.1600 (460m) 1.1650 (510m) 1.1670 (305m) 1.1815(350m) 1.1900 (385m)

USDJPY: 112.00 (USD 780m) 113.00 (350m) 113.25 (265m) 113.80 (530m) 115.00(450m)

GBPUSD: Ntg of note

USDCHF: 1.0100 (USD 370m)

AUDUSD: Ntg of note

AUDNZD: 1.0970-75 (AUD 585m) 1.0983 (365m)

U.S. stock-index futures fell slightly on Monday as investors held back from making big bets ahead of a decision on the next Fed chair.

Global Stocks:

Nikkei 22,011.67 +3.22 +0.01%

Hang Seng 28,336.19 -102.66 -0.36%

Shanghai 3,390.59 -26.22 -0.77%

S&P/ASX 5,919.08 +15.92 +0.27%

FTSE 7,486.10 -18.93 -0.25%

CAC 5,495.08 +0.95 +0.02%

DAX 13,239.99 +22.45 +0.17%

Crude $54.04 (+0.26%)

Gold $1,271.80 (0.00%)

The inflation rate in Germany as measured by the consumer price index is expected to be 1.6% in October 2017. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that the consumer prices are expected to remain unchanged from September 2017.

In October 2017, the harmonised index of consumer prices for Germany, which is calculated for European purposes, is expected to increase by 1.5% year on year. Compared with September 2017, it is expected to be down by 0.1%.

• Cannot separately quantify total impact of storms on september data; made adjustments to estimates where source data were not available

(company / ticker / price / change ($/%) / volume)

Personal income increased $66.9 billion (0.4 percent) in September according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $53.0 billion (0.4 percent) and personal consumption expenditures (PCE) increased $136.0 billion (1.0 percent).

Real DPI decreased less than 0.1 percent in September and Real PCE increased 0.6 percent. The PCE price index increased 0.4 percent. Excluding food and energy, the PCE price index increased 0.1 percent. The increase in personal income in September primarily reflected increases in wages and salaries and nonfarm proprietors' income.

The $76.0 billion increase in real PCE in September reflected an increase of $59.1 billion in spending for goods and a $21.6 billion increase in spending for services. Within goods, new motor vehicles was the leading contributor to the increase. Within services, the largest contributor to the increase was spending for household utilities.

Merck (MRK) downgraded to Equal-Weight from Overweight at Morgan Stanley

Merck (MRK) downgraded to Equal Weight from Overweight at Barclays

Merck (MRK) downgraded to Hold from Buy at SunTrust

General Motors (GM) downgraded to Sell from Neutral at Goldman

Intel (INTC) upgraded to Outperform from Market Perform at BMO Capital Markets

October 31

Before the Open:

MasterCard (MA). Consensus EPS $1.23, Consensus Revenues $3280.72 mln.

Pfizer (PFE). Consensus EPS $0.65, Consensus Revenues $13174.88 mln.

November 1

After the Close:

Facebook (FB). Consensus EPS $1.28, Consensus Revenues $9843.66 mln.

Tesla (TSLA). Consensus EPS -$2.28, Consensus Revenues $2922.46 mln.

November 2

Before the Open:

DowDuPont (DWDP). Consensus EPS $0.45, Consensus Revenues $18243.16 mln.

After the Close:

American Intl (AIG). Consensus EPS -$0.79, Consensus Revenues $12050.00 mln.

Apple (AAPL). Consensus EPS $1.87, Consensus Revenues $50757.54 mln.

Starbucks (SBUX). Consensus EPS $0.55, Consensus Revenues $5807.92 mln.

November 3

After the Close:

Berkshire Hathaway (BRK.B). Consensus EPS $2402.47, Consensus Revenues $60428.65 mln.

• May will discuss preparations for Brexit with her top cabinet ministers on tuesday

Last week we witnessed a strong devaluation of the euro against the dollar due in large part thanks to the speech of Mario Draghi.

This devaluation led to the confirmation of the chart pattern "Head and shoulders" (as we can see in the chart).

Our suggestion is for short entries in the immediate or wait for the correction to finish entering.

Stop loss above the neckline and targets near to $ 1,145.

• Believes and hopes Catalonia will remain the same after election

Broad money increased by £3.0 billion in September. Within this, the flow of household M4 was the largest contributor at £3.8 billion. The flow of M4 for private non-financial corporations (PNFCs) was -£1.5 billion, a particularly weak outturn. The net flow of sterling credit remained robust at £9.6 billion in September. Within this, lending to households has been growing steadily at around 4% per year.

EUR/USD: 1.1580(801 m), 1.1600(459 m), 1.1650(508 m), 1.1670(302 m), 1.1815(350 m), 1.1900(382 m)

USD/JPY: 112.00(778 m), 113.00(350 m), 113.25(263 m), 113.80(530 m), 115.00(450 m)

USD/CHF: 1.0100(370 m)

AUD/NZD: 1.0965-75(584 m), 1.0983(364 m)

The Gross Domestic Product (GDP) generated by the Spanish economy registers a variation of 0.8% in the third quarter of 2017 compared to the previous quarter2 , according to Estimated quarterly GDP growth. This rate is one tenth lower than that registered in the previous quarter. The annual variation of GDP in the third quarter of 2017 is 3.1%, similar to the rate registered in the second quarter of the year.

According to the flash estimate issued by the INE, the annual inflation of the CPI in October 2017 is 1.6%. This indicator provides a preview of the CPI that, if confirmed, would imply a decrease of two tenths in the annual rate, since in September this change was 1.8%. This behaviour highlights the increase in prices of fuels (diesel and gasoline/petrol) lower than that of October 2016.

In turn, the annual variation of the flash estimate of the HICP in October stands at 1.7%. If confirmed, the annual change of the HICP would decrease a tenth as compared to the previous month.

According to the flash estimate of the CPI, consumer prices register a 0.9% variation in October, as compared with September.

In turn, the monthly change of the HICP flash estimate in October stands at 0.6%.

Retail sales in Japan increased as expected in September, after falling in the previous month, preliminary figures from the ministry of Economy, Trade and Industry cited by rttnews.

Retail sales rose a seasonally adjusted 0.8 percent month-over-month in September, reversing a 1.6 percent fall in August. The figure also matched consensus estimate.

On a yearly basis, retail sales growth accelerated to 2.2 percent in September from 1.8 percent in August.

Economists had expected the growth to improve to 2.3 percent. Sales have been rising since November last year.

According to provisional data turnover in retail trade in September 2017 was in real terms 4.1% and in nominal terms 6.1% larger than that in September 2016. The number of days open for sale was 26 in September 2017 and in September 2016.

Compared with the previous year, turnover in retail trade was in the first nine months of 2017 in real terms 3.0% and in nominal terms 4.8% larger than in in the corresponding period of the previous year.

Europe's broad-market benchmark closed higher on Friday, even as Spanish stocks tumbled as the Catalonia region moved to separate itself from the central government. A continued pullback in the euro and some well-received corporate earnings have helped to sustain buying momentum.

The S&P 500 and Nasdaq Composite closed at records on Friday, fueled by large gains in technology shares following better-than-expected quarterly results from heavyweights Amazon.com Inc., Microsoft Corp., Alphabet Inc. and Intel Corp. Equities were also buoyed by data showing the U.S. economy expanded at a solid 3% annual pace for a second straight quarter despite damages from two hurricanes, while the University of Michigan reported consumer sentiment in October was the strongest it has seen in 13 years.

Global stock markets were higher early Monday in Asia, with the end-of-week rally in key U.S. stocks driving gains in technology companies across the region. Strong corporate earnings from U.S. tech giants and others helped drive the Nasdaq Composite and S&P 500 to new all-time highs on Friday. In Asia on Monday, markets that are tech-heavy outperformed, with Taiwan's Taiex Y9999, +0.55% rising 1.2%. Korea's Kospi SEU, +0.20% was last up 0.3%.

EUR/USD

Resistance levels (open interest**, contracts)

$1.1761 (2068)

$1.1721 (2037)

$1.1664 (778)

Price at time of writing this review: $1.1614

Support levels (open interest**, contracts):

$1.1565 (6169)

$1.1531 (4182)

$1.1490 (3368)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date November, 3 is 115972 contracts (according to data from October, 27) with the maximum number of contracts with strike price $1,2000 (9810);

GBP/USD

Resistance levels (open interest**, contracts)

$1.3214 (1231)

$1.3192 (2428)

$1.3163 (924)

Price at time of writing this review: $1.3144

Support levels (open interest**, contracts):

$1.3099 (1543)

$1.3077 (2621)

$1.3049 (1953)

Comments:

- Overall open interest on the CALL options with the expiration date November, 3 is 43351 contracts, with the maximum number of contracts with strike price $1,3200 (4095);

- Overall open interest on the PUT options with the expiration date November, 3 is 36960 contracts, with the maximum number of contracts with strike price $1,3000 (3201);

- The ratio of PUT/CALL was 0.85 versus 0.87 from the previous trading day according to data from October, 27

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.