WORLD HEADLINES – Stocks began the week on the back foot as investors weighed earnings results against lofty expectations and prepared for key policy meetings from some of the world’s biggest central banks.

STOCKS – Disappointing updates from U.S. tech heavyweights soured the mood across stock markets, knocking European shares off their six-week highs at the open. Futures on the S&P 500, Dow and Nasdaq all pointed to a softer open.

BONDS – Japanese government bonds sold off before possible monetary policy tweaks.

COMMODITIES – Most metals fell on continued concern over global trade and China’s economy. Oil prices rose but gains were limited as the fallout from trade tensions weighed on markets.

CURRENCIES – The chance of a BoJ shift has sent the yen higher in the last week or so, leaving the dollar around 111.05 yen from a peak of 113.18 earlier in the month.

ECONOMIC DATA – U.S. Pending Home Sales m/m due at 10:00, CNY  Manufacturing PMI at 21:00 ET, BOJ Monetary Policy Statement (Tentative).