Quote:
‘Can I see anothers woe, And not be in sorrow too? Can I see anothers grief, And not seek for kind relief?.’ William Blake (1757-1827)
The News:
Mizuho Financial Group H1 profits +15.9%.
The Numbers:
Greenwich Mean Time, with expectations and previous figures in brackets. From today DE October Producer Prices (-0.3% to +0.5% M/M, +4.1% to +4.6% Y/Y, vs –0.3% and +5.1% Sep).
00:01 GB November Rightmove House Prices +1.5% M/M, +12.4% Y/Y, versus +2.0% and +11.5% October.
07:00 JP October Convenience Store Sales –0.7% versus –3.6% Y/Y September.
09:30 GB October PSNCR (-£6B to -£2B versus +£12.3B September).
13:30 CA September Wholesale Sales (-0.4% to +0.5% M/M versus +0.5% August).
15:00 US October Leading Indicators (+0.1% to +0.4% versus +0.1% September).
17:00 US Treasury Secretary Paulson speaks on competitiveness of US capital markets, New York.
19:00 US Fed’s Fisher speaks on the prospects for the German economy, Berlin.
The Psychology:
Holidays in Brazil and Mexico.
The Risk:
Stock markets slip again, knocking each other over.
Today’s most interesting chart:
Nikkei 225 Banking sector leading the index lower.
