Good Morning ,

- Commodities climbed, with a benchmark paring its first decline in eight weeks, as Asian stocks rose, euro clawed higher, but its gains were limited after a batch of surveys showed euro zone business activity remained weak despite the European Central Bank's bold efforts to tackle the debt crisis

- EU authorities are working behind the scenes to pave the way for a new Spanish rescue programme and unlimited bond buying by the European Central Bank – FT

- IMF Chief Lagarde said that European leaders need to send stronger signals about their long-term plans for the currency union. Adds they should also take coordinated action quickly to strengthen the euro zone

- Greek govt agrees with Troika negotiators to raise retirement age by 2 years to 67: Govt source

- Fed Kocherlakota switches to pro-QE: Should keep rates low until unemployment below 5.5%

-Fed’s Pianalto: QE3 should put some downward pressure on home mortgage rates; policy easing might help stabilize housing prices bolster consumer confidence; very important to continue to evaluate benefits and costs of QE3; and Fed will act to head off any emerging threat to price stability

- Fed Rosengren doesn't expect much inflationary pressure & wants to see real growth more than 2%

-Fed Bullard: Would have voted against QE3, Opposes targetting specific unemployment levels

-Brazil’s Finance Minister Mantega told FT that the Fed’s move to unveil more quantitative easing will reignite currency war. Adds QE program will only have a marginal benefit in the US

-PIMCO Gross sees no end to Fed QE until employment falls to at least 6%

-Fed balance sheet shrinks to Usd 2.804 tln Sep 12 vs Usd 2.806 tln Sep 12

-BOE’s King: economic recovery is slow; sees growth in Q3 2012in UK; PIIGS issue a problem for world growth; and EU officials are not doing a good job so far

-U.K. bondholders say David Cameron can relax his plan to cut Britain’s budget deficit, easing the austerity measures that defined his first 2 1/2 years as prime minister and helped gilts outperform U.S. and German peers.

-NZ net permanent and long term migration fell -340 in August, compared with -660 prev month. Short term visitors rose 1.4% in Aug vs -1.4% in July

- New Zealand total credit card billings rose 0.1% m/m in August, compared with -1.5% m/m in July

- A Reuters poll showed that around 41% of Japanese firms see territorial dispute with China affecting their business plans

- Japan Fin Min Azumi says extra budget may be needed to support the economy

- Foreign investors continue to buy Japanese bonds in week to Sep 15

- Premier Wen said (at EU-China summit) that China will continue to support Europe’s efforts to solve European debt problems, according to report by CCTV. Xinhua News Agency cited Premier Wen as saying that the global situation is undergoing profound and complex changes

- China: September MNI China Flash Business Sentiment Indicator released by Market News International showed that the Overall Business Conditions index (Current Condition) rose to 50.31 from 47.54 in August. Within that, New Orders rose to 51.87 from 47.50 and Production rose to 49.28 from 44.69

09.00 SWI Money suplly M3 yoy
10.30 UK PSNB/PSNCR
11.00 NOK Horges Bank Olsen speaks
10.30 CA CPI

(CET)
Have a nice day !