🇺🇸US pre-market movers🇺🇸 ES +0.2% NQ +0.3% RTY +0.2% $META +1.5%: Plans up to $95bln stock offering to fuel its huge AI infrastructure spending $VZ +0.3%: EPS & postpaid phone net adds. beat w/ strong FY profit view; note, rev. missed $RRC +14.2%: $EQT -4.2% agrees to acquire Co. in an all-stock deal, valuing combined Co. at over $50bln $FICO -10%: Downgraded at Wells Fargo Brazil ADRs hit hard after left-wing Lula unexpectedly wins the election; $BAK -33% $ITUB -26% $PBR -22% $VALE -4.5%

Morning all! - US President Trump said it was “getting to be decision time” on whether to strike a deal with Tehran or resume attacks. - An Iranian source posted on Telegram that an IRGC launcher in Sirik was hit by a missile from an unknown fighter jet minutes after firing a missile towards the Strait of Hormuz. - Several UK Budget measures were reported over the weekend, ahead of Wednesday's announcement. - APAC stocks were mixed with a mostly negative bias following last week's surge in oil; European equity futures (ex-FTSE 100) indicate a positive cash open. - EUR/USD gained slightly, with the single currency back above the 1.1200 level after France was spared from a ratings downgrade by Moody's. - Looking ahead, highlights include Swedish PPI (Sep), German Ifo (Oct), Chinese Fifth Plenum. Speakers include ECB’s Elderson. Supply from EZ & US, US Treasury Buyback (Liquidity Support; 20Y-30Y). Earnings from Verizon. - NOTE: UK clocks moved back one hour on Sunday and reverted to GMT, which means the time difference between London and New York will be four hours for the week ahead.

Asia-Pac stocks begin negative following last week's surge in oil and amid ongoing geopolitical risks, while participants await this week's tech earnings and central bank decisions: ASX 200 (-0.3%), Nikkei 225 (-0.3%), KOSPI (-0.6%)

Asia-Pac stocks begin negative following the tech selling on Wall St, which had spurred a flight-to-quality; ASX 200 (-0.2%), Nikkei 225 (-1.5%), KOSPI (-3.7%)

🇺🇸US pre-market movers🇺🇸 ES -0.9% NQ -1.6% RTY -0.4% $META -3.0%: Earnings beat, raised FY capex to the high end; FY27 outlook limited $TSLA -3.9%: Cautious outlook for Optimus, delayed robotaxi revenue, and high expected chipmaking costs overshadowed EPS beat $IBM -6.6%: GM declined w/ consulting rev. flat $LRCX -8.5%: Guidance underwhelmed some expectations $BX -3.3%: Revenue missed $PG +3.1%: Earnings beat $CMCSA +1.3%: Adj. EPS & rev. beat $SAP +1.7%: Cloud revenue and backlog growth beat expectations $BABA -3.9%, $PDD -2.1%, $JD -2.6%: Chinese regulators reportedly summoned major e-commerce platforms over product quality

🇺🇸US pre-market movers🇺🇸 ES +0.2% NQ +0.6% RTY +0.3% $SMCI +12.5%: Sharply raised Q1 outlook on stronger AI platform demand & also lifted GM guidance; $HPE +5% $DELL +7% $NFLX -7%: Guidance notably underwhelmed following slowest rev. growth in 3yrs $SPCX +8.3%: Sharp increase in AI rev. drove a swing to profit & saw stronger-than-exp. rev & Starlink growth $UAL -0.5%: EPS missed w/ dismal next Q guidance $T -6%: Post-paid net additions missed $COF +3.5%: EPS & rev. topped, NIM expanded & credit loss provisions declined $MCO -3%: Headline metrics disappointed $PM -3.5%: FY bottom line guidance fell short $ABT -4.5%: Plans to separate its nutrition business & reduced 2026 sales growth forecast

🇺🇸US pre-market movers🇺🇸 ES -0.3% NQ -0.7% RTY -0.2% $MMM +1.2%: Profit beat & lifted FY EPS guide $RTX +1.5%: Top & bottom line surpassed exp. w/ strong outlook $STLD -5.5%: EPS & rev. short of Wall St. consensus $SOLS +3%: Starboard Value has built a stake worth several hundred million dollars $MSCI +6%: Rev. beat $GM -7.5%: Announced $20B share repurchase prog. $CCK -4.6%: Weak next Q profit outlook $EFX +4.8%: Solid Q results $HAL +4%: EPS & rev. topped Wall St. exp. $AAPL -1.2%: Downgraded at Loop Capital $CRM to acquire $BRZE for c. $5.66bln in enterprise value & shareholders to receive $47.50/shr in cash

🇺🇸US pre-market movers🇺🇸 ES +0.5% NQ +1.2% RTY +0.4% $SWKS +1.2%: Positively mentioned at Starboard & remains undervalued following acquisition of Qorvo $CRWV +6.7%: Upgraded at GS $OWL +0.8%: Investment bankers have approached Cos. founders about a potential full or partial sale $CLF +12%: Profit beat w/ strong next Q EBITDA outlook $INTC +4%: Upgraded at JPM