Morning Update – 29/09/15 – 08:14:14

Morning all.. A very poor close on Wall St has seen Asian stocks fall sharply and there is some real concerns over where these moves may take us. The Nikkei closed down almost 4% and HK is down over 3% as I type. Risk aversion dominates and there are stories that the giant sovereign wealth funds are pulling huge amounts from investment firms, looking for safer waters. Stocks look very vulnerable here.. This has seen some weakness in USDJPY and the AUD overnight but the moves are far from wild. EUR nudged up as it often does when stocks fall but the moves seem rather muted. The dollar is generally weaker as US Treasuries rise again overnight with the 10yr yield at 2.07% now. S&P futures are down another 11 points! AUD weakness starting to show as fears over global growth continue.. the ANZ Roy Morgan weekly consumer sentiments declined 3.4% by 3.9 points to 110.6 for the week ended 27-September.. Crude unchanged and gold quiet. This morning we get the regional and national CPI data from Germany through the morning starting with Saxony. We also get Spanish CPI and Retail Sales, Norway Retail sales, UK Mortgage and money supply data and EU consumer confidence. Good luck..