From: Ike Groff Subject: Early Tour 10.4.12 Date: Thu, 04 Oct 2012 09:59:04 +0000 (Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: cid:[email protected]] Good Morning ... European Markets off 10-50bps (Russia -1.07%) ... Nikkei +0.89%, HSI +0.09%, KOSPI -0.17%, ASX +0.31% EUR 1.2940 (+0.27%) JPY 78.54 (-0.06%) GBP 1.6112 (+0.23%) Copper +0.45% Silver +0.76% Nat Gas +1.21% US 10yr 1.626% Futures: Dow +33, Nasdaq +9, III +4 DXY $79.76 (-20c) Crude $88.69 (+55c) Gold $1790.30 (+$10.50) Round 1 of the Presidential debates clearly while Obama was on the defensive the entire the left for being too passive but a Romney when you start blaming the moderator." FT bfcb-00144feabdc0.html> headline: "Romney dominates CNN headline: "Romney shakes Politico headline: "Not debatable: Obama stumbled." Even David Axelrod says he expects Romney will see a bounce after his performance & MSNBC's Chris Matthews asks "where was Obama tonight?" Despite the debate win, Romney still has his work cut out for him with only 1 month until the election - nevertheless this race is probably tighter than some of the recent polls have suggested and the odds of Romney being elected moved from 25.0% to 33.4% on Intrade overnight. BOE & ECB decisions later this morning and no one is expecting any changes or material policy updates (focus will be on Draghi Q&A and any commentary around Greece, Spain, OMT, deposit rate, etc). Spain sold 03.99 billion of 2-3-5yr debt this morning (inline with max target, btc's better, 3yr avg yield 3.956% vs 3.845% on Sep 20). September retail comps out today in the US and expectations are generally muted. Modest recovery in crude +0.27% after yesterday's big move lower. Risk assets opened higher in Europe but have since faded after a headline hit that Iran is sending military