MORNING ALL!

- US PRESIDENT TRUMP SAID THE WAR WITH IRAN WILL END VERY SOON AND THAT OIL PRICES WILL FALL ONCE THE CONFLICT CONCLUDES, WHILE SAUDI ARABIA CONDUCTED FURTHER STRIKES AGAINST HOUTHI TARGETS IN YEMEN.

- US PRESIDENT TRUMP SAID ZELENSKY AND PUTIN HAVE TO GET TOGETHER AND END THE WAR, WHILE HE THINKS THEY SUPPORT THE ENERGY CEASEFIRE.

- APAC STOCKS MOSTLY DECLINED AMID A TECH-LED SELL-OFF FOLLOWING WEAKNESS IN US CHIP AND MEMORY STOCKS; US EQUITY FUTURES WERE PRESSURED, WHILE EUROPEAN FUTURES POINT TO A LOWER OPEN.

- DXY SOFTENED AMID LOWER YIELDS AND GEOPOLITICAL DEVELOPMENTS; CRUDE FUTURES DECLINED DESPITE CONTINUED MIDDLE EAST TENSIONS AND UNCERTAINTY OVER A RUSSIA-UKRAINE ENERGY CEASEFIRE.

- LOOKING AHEAD, HIGHLIGHTS INCLUDE GERMAN FINAL INFLATION (SEP), US ADP EMPLOYMENT CHANGE WEEKLY, EXISTING HOME SALES (SEP), OPEC MOMR. SPEAKERS INCLUDE US PRESIDENT TRUMP, ECB'S ELDERSON & LANE, FED’S WALLER, BARKIN & COLLINS. SUPPLY FROM THE NETHERLANDS, ITALY & GERMANY. EARNINGS FROM UNITEDHEALTH, JPMORGAN, GOLDMAN SACHS, WELLS FARGO, CITI, JOHNSON & JOHNSON. ...