From: Sent: Thur 10/9/2014 10:00:09 AM Subject: Early Tour 10.9.14 Good Morning ... European Markets up 25-115 bps (Portugal -0.35%, Turkey +2.8%, Greece +1.7%) ... NKY -0.75%, SHCOMP +0.28%, HSI +1.08%, KOSPI (closed), TWSE +0.13%, ASX +1.06% EUR 1.2772 (+0.30%) JPY 107.86 (+0.21%) RUB +0.59% AUD +0.31% NZD +0.45% GBP +0.24% US 10yr 2.313% Futures: Dow +30, Nasdaq +12, S&P +5 DXY $85.06 (-24c) Crude $87.34 (+3c) Gold $1227.90 (+$21.90) Copper +1.35% Silver +3.14% Nat Gas +0.26% Asia mostly higher overnight with the exception of Japan. HK led gains after the big rebound in the US and pro-growth comments from China's Premier Li during yesterday's State Council meeting. Autos were strong on the back of BTE Sep sales from Great Wall (+4.5%) while Macau plays (+1.6%) got a boost ahead of Q3 results. Tianhe Chemicals got slammed (-40.7%) after resuming trading following fraud allegations from Anonymous Analytics. In Japan, the Nikkei closed on the lows as the Y firmed against the USD, breaking 108 and adding selling pressure to exporters and reflation plays. Japan Machinery orders for August were out before the open, rising +4.7% (est +0.5%) which represents the 3rd straight month of improvement. Mini-SQ (expiry) tomorrow so volumes will be higher on the open. Taiwan squeezed out a small gain, helped in part by TSMC (+2%) ahead of O3 sales out post close (NT$209.1bn vs cons of NT$207.5bn). Korea was closed for a holiday and Taiwan will be closed tomorrow. European markets also bid higher today after the S&P rallied 43 handles from the lows to the highs after the Europe close yesterday on the more dovish Fed Minutes (biggest 1-day gain in the S&P this year, volume 8.5 billion shares = 6'h biggest day of the year). Basic Resources, Tech, Construction leading the way higher in Europe so far this morning. USD is weaker again with the DXY -0.22% and the 10yr yield is 2.31%. SPA's +5 handles = 1967.10 last. ***Jobless Claims tj 8:30am, Wholesa