*Todays Scheduled CB Speakers* ALL TIMES GMT ECB Bulletin 9am ECB Vujcic 3.30pm ECB Nagel 5.30pm ECB Lagarde 7.30pm Fed Hammack 2pm Fed Barr 3pm Fed Goolsbee 4.15pm Fed Daly 6.10pm Fed Schmid 6.30pm NY Fed Williams 11.30pm

*Todays Scheduled CB Speakers* ALL TIMES GMT ECB Sleijpen 8.15am ECB Cipollone 2pm ECB Lane 4.45pm ECB Escriva 5.30pm BoE Breeden 8.30am BoE Lombardelli 12.30pm BoE Pill 6.30pm Fed Waller 9am Fed Logan 3.50pm Fed Schmid 6.30pm Fed Bowman 8.30pm Fed Paulson 11.30pm BoC Minutes 6.30pm

*Todays Scheduled CB Speakers* ALL TIMES GMT ECB Moulin 8am ECB Schnabel 8.05am ECB Zigman 8.30am ECB Lagarde 4pm/6pm ECB Nagel 5.45pm BoE Rate Decision 12pm BoE Bailey Press Conf 12.30pm SNB Schlegel 12.40pm Fed Hammack 1.50pm Fed Barkin 2.10pm

😬 Ooft ... The Diesel Crunch Will Persist Well into 2027 ... Standard Chartered : Trump's Russian Diesel Won't Add New Supply ...

🇺🇸👀 Fed Chair Warsh Boosts Market Expectations of Fed Hold in October ... BBG Warsh did nothing to dispel market expectations that the US central bank will hold interest rates steady when it meets at the end of the month.

Top Overnight News Nasdaq futures fell as a plunge in chip stocks deepened the equity selloff and extended the AI trade pullback. South Korea’s Kospi sank almost 8%, entering a bear market. BBG TSMC bucked the gloom with an upbeat outlook, yet failed to dispel rising concerns about the sustainability of a global AI buildout. The chipmaker is considering expanding in Texas and confirmed talks with Elon Musk’s Terafab about capacity. BBG Anthropic PBC told prospective investors its third-quarter revenue hit $16.8 billion, according to people familiar with the matter, as the artificial intelligence company pushes ahead with plans to go public. BBG CoreWeave shares plunged as much as 17% on Wednesday, while its debt due in 2032 dropped to less than 78 cents on the dollar, after investors bought it at par four months ago. BBG US FTC has subpoenaed Anthropic and OpenAI, seeking documentation in relation to safety incidents and privacy policies; plans to compel executives to testify: Axios Asian central banks stepped in to support their currencies as stocks dropped. State-owned banks in Taiwan sold US dollars and the RBI supplied greenbacks in onshore and offshore markets, traders familiar said. Bank Indonesia intervened to steady the rupiah. BBG IDC said that the smartphone market suffered its worst decline on record in the September quarter. Rising memory costs pushed shipments down 22%, and “the worst is yet to come,” the research firm said. BBG The Fed’s Mary Daly told Reuters that further rate hikes are probably needed, but there’s no urgency. Her Chicago colleague Austan Goolsbee called Wednesday’s US inflation report “discouraging.” BBG Deutsche Bank sees a growing risk that the Federal Reserve will need to raise its benchmark rate by 50 basis points in a single move in coming months if it delays tightening policy while inflation remains elevated and economic growth holds up. BBG The US military has developed new strike plans that include potentially using the so-called “mother of all bombs” to target Iranian energy infrastructure and nuclear sites should President Donald Trump give the order to resume combat operations either before or after the midterm elections, according to multiple US officials familiar with the matter. CNN The Trump administration is considering easing sanctions on so-called shadow fleet vessels that have transported oil and petroleum products from countries including Russia, Iran and Venezuela, in an effort to reduce record-high global freight rates, a US official said on Wednesday. RTRS President Volodymyr Zelenskyy has said Ukraine will restart strikes on Russia’s oil refineries as he expressed anger over a “dangerous” withdrawal of US intelligence and simultaneous weakening of Starlink satellite internet service at a time of intense Russian attacks. FT The US has proposed that European countries unfreeze some Russian sovereign assets immobilized after Moscow’s invasion of Ukraine and transfer them to a vehicle overseen by Washington in an attempt to revive peace talks. FT The European Central Bank is unlikely to step in any time soon with market intervention to help France, according to its former chief, Mario Draghi. BBG Bank of England policymaker Megan Greene says the UK should raise interest rates to lean against the risk of significant second-round effects from high energy prices. BBG UBS is mapping out contingency plans to move its HQ from Switzerland if Swiss lawmakers proceed with tougher capital requirements under the country’s too-big-to-fail banking laws: WSJ White House Council of Economic Advisers Chair said referring to the inflation report that this is not a good month and that Bureau of Labor Statistics data is reliable. Trump administration's investigation into Rep. Omar is aimed at building a case to strip her of her US citizenship and ultimately deport her, according to US officials and other people familiar with the probe: WSJ Goldman's global neocloud basket is down 20% in five sessions, "a roughly 1st pctl move over ten years," while hyperscaler IG spreads widened another 7.4bp last week. GS JPM's Feroli sees September PPI at +0.5% m/m headline and +0.3% core, and retail sales +0.4% with the control group +0.2%, both on strength in Chase card data. JPM