Good Morning ,

Here’s a quick look at today’s economic news and market activity:

• There was a risk-off tone to investor sentiment yesterday …
• Energy prices (brent crude and European natural gas prices) rose sharply …
• Sovereign yields fell. However, the spread between German & French yields widened again …
• The euro was on the defensive amid the risk averse tone on markets …
• EUR/USD opens today back nearer to the $1.12 threshold …
• Meantime, GBP/USD is operating in the top half of the $1.33-1.34 corridor …
• EUR/GBP continues to trade in the upper half of the 83-84p corridor …
• Today, the flash PMIs (October) are due … 

All rates quoted are indicative market rates.