Italy Retail Sales n.s.a (YoY) in line with expectations (1.5%) in September

Piotr Matys, EM FX Strategist at Rabobank, notes that the downing of a Russian fighter jet by Turkey near its border with Syria sent European stocks lower across the board and the rise in geopolitical risk fuelled demand for safe haven, the yield on the US 10Y Treasuries fell to the lowest level since early November.