EU CONSUMER STAPLES: Metro AG: FY Results Ahead

• Stocks have reversed early morning gains Monday, are trading mostly weaker by midmorning - the tech-heavy Nasdaq outperforming.
• Currently, the DJIA trades down 243.74 points (-0.51%) at 47327.76, S&P E-Minis down 2.75 points (-0.04%) at 6873
  Nasdaq up 98.6 points (0.4%) at 23829.47.
• Consumer Discretionary and Information Technology sector shares led advances in the first half, Amazon.com +4.73%, Tesla +2.46% and Wynn Resorts +2.22% led the former while IT supported by: Micron Technology +4.24%,  NVIDIA +2.61%, Lam Research +1.51%, Palantir Technologies +1.29% and Cisco Systems +1.20%.
• Conversely, a mix of Materials, Financials and Energy sector shares led declines in the first half:
  • International Paper -4.24%, Dow Inc -3.46%, Eastman Chemical -3.06% Freeport-McMoRan -2.83%, Nucor Corp -2.75%.
  • Coinbase Global -3.75%, Arthur J Gallagher -3.70%, Global Payments -3.51% and Brown & Brown -3.26%
  • ONEOK -4.01%, Diamondback Energy -2.28%, APA -2.25% and Chevron Corp -2.17%.
• Earnings expected after the close include: Qorvo Inc, Clorox, Navitas Semiconductor, Hims & Hers Health Inc, Palantir Technologies, Solaris Energy Infrastructer, Williams Cos, Vertex Pharmaceuticals and Comstock Resources.

• EUR/USD: $1.1475(E651mln), $1.1525(E1.1bln), $1.1635-40(E1.3bln)
• GBP/USD: $1.3150(Gbp510mln)
• AUD/USD: $0.6625-30(A$1.2bln)

The MEF will look to buyback up to E5.0bln on Wednesday 5 November via Banca d'Italia from the following:

• 3.20% Jan-26 BTP Short Term (ISIN: IT0005584302)
• 4.50% Mar-26 BTP (ISIN: IT0004644735)
• 3.80% Apr-26 BTP (ISIN: IT0005538597)
• 2.10% Jul-26 BTP (ISIN: IT0005370306)
• 3.85% Sep-26 BTP (ISIN: IT0005556011)
• 0.50% Apr-26 CCTeu (ISIN: IT0005428617)