Market Updates

Stocks stepped away from the brink in the US once again, triggering a desperate short squeeze on long JPY and USD positions

Move may mostly reflect nervousness ahead of weekend's G20 meeting. US Retail Sales for October could etch new historical low.

MAJOR HEADLINES – PREVIOUS SESSION

• US Oct. Monthly Budget Statement out at -$237.2 vs. -$200B expected
• New Zealand Oct. Non-resident Bond Holdings out at 74.7% vs. 74.3% in Sep.