European bourses are experiencing a green day today, with LVMH and ASML leading the charge after posting impressive earnings growth. The former saw its shares surge by over 14%, while the latter gained around 3.6%. This positive momentum is also being reflected in US equity futures, which are also rising.

Meanwhile, the US dollar (USD) continues to lose ground for a second straight session. Despite the recent optimism surrounding French politics, the EUR remains well-supported due to ongoing concerns about trade tensions and economic growth. In the bond market, yields on US Treasuries (USTs) are incrementally firmer, while those on Eurozone bonds (OATs) have gained ground as traders digest the latest pension reform suspension.

In the commodities space, gold (XAU) has broken above the USD 4200/oz mark, while crude benchmarks are showing muted performance due to heightened trade tensions. Looking ahead, there are several notable data releases and earnings reports scheduled for this week, including the New York Fed Manufacturing Survey (October), Cleveland Fed CPI (September), US Military Pay Date, Fed Beige Book, and earnings from Bank of America, Morgan Stanley, Dollar Tree, and Progressive.

In addition to these market-moving events, several central bank officials will be delivering speeches and participating in panel discussions. These include the BoE’s Andrew Breeden, ECB’s Philip Lane and Christine Lagarde, Fed’s Robert Kaplan, Raphael Bostic, and Eric Waller, as well as RBA’s Ian Bullock and Kent.

Overall, it promises to be an exciting week in the markets, with a mix of economic data, earnings reports, and central bank activity likely to influence trading sentiment. Stay tuned for further updates!