-- Societe Generale in its early Monday economic news summary pointed out:
-- Mild risk off as Brent rebounds after re-escalation in the Gulf. Euro Stoxx futures -1.4%, US dollar (USD) trims losses, 10-year Bund backs up to 3.0%. Iran keeps the Strait of Hormuz shut if the United States doesn't lift the blockade. The US intercepted and seized an Iran-flagged cargo ship. Peace negotiations are planned on Monday in Pakistan, ceasefire expires on Wednesday.
-- CFTC FX positioning: Euro (EUR) flips to net long 3.3% of OI, yen (JPY) shorts cut to 23.5%, sterling (GBP) shorts trimmed to 21.9%, Australian dollar (AUD) longs reduced to 24.7%, Canadian dollar (CAD or loonie) longs reduced to 8.1%, Mexico's peso (MXN) longs steady at 31.3%, Nymex longs steady at 9.9%.
-- Week ahead: Kevin Warsh's confirmation hearing as the Federal Reserve's new chair is on Tuesday. Preliminary PMIs for the eurozone, the U.S., United Kingdom. U.S. retail sales. Germany ZEW survey. U.K. consumer price index, employment, retail sales. Indonesia's and Turkey's central banks forecast to stay on hold. CPI for Japan, Canada, South Africa.
-- Nikkei +0.6%, EUR 10-year IRS +4bps at 3.03%, Brent crude +5.6% at US$95.4/barrel, Gold -0.8% at US$4,791/oz.