DXY under mild pressure into NFP; focus on EU proposal to release diesel from stockpiles - Newsquawk US Market Open

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  • Energy complex falls on reports that the EU discussed a proposal to release diesel from stockpiles (Brent -3.2%, EU Gasoil -5.5%).
  • US equity futures climb, while NKE falls on a downbeat earnings report.
  • DXY slightly lower; JPY gains on hotter-than-expected Tokyo CPI.
  • Fixed income benchmarks benefiting from lower energy prices as markets await the US jobs report.
  • Looking ahead, highlights include US NFP (Sep). Speakers include ECB’s Vujcic & Fed's Logan.

The AI Bears Have A Taiwan Problem

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Everyone is debating whether the AI trade has gone too far. Meanwhile, Taiwan is printing fresh all-time highs, earnings are accelerating and foreign investors are still light. The mother ship is sending a message.
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