Quote:
‘Blessed is the man who, having nothing to say, abstains from giving us worthy evidence of the fact.’ George Eliot (1819-1880)
The News:
Suggestions of a summit meeting in Iran this weekend with Syria and Iraq.
The Numbers:
Greenwich Mean Time, with expectations and previous figures in brackets.
04:00 JP results of 20-year JGB auction: 800B Yen accepted at lowest price 100.15 cover 3.45 times.
05:00 JP Bank of Japan Minutes of their October 12-13th meeting.
07:15 CH October Trade Balance (1500 to 2000M versus 1762M September).
08:15 CH October PPI (-0.6% to +0.2% M/M, +1.8% to +2.6% Y/Y, versus 0% and +2.5% September).
11:00 GB November CBI Industrial Trends Survey (-22 to –10 versus –20 October).
13:30 CA September Retail Sales (-2.0% to +0.2% M/M, less autos –1.6% to +0.6%, vs +1.0% and +0.4% August).
13:30 CA October Leading Indicator (+0.2% to +0.4% M/M versus +0.4% September).
15:00 US Fed’s Warsh speaks on market discipline, New York.
23:50 JP September All Industry Index (Mizuho Securities –0.9% versus +0.7% August).
23:50 JP October Trade Balance (Mizuho Securities 830B Yen versus revised 1010B September).
The Psychology:
US Treasury Secretary Paulson says ‘excessive regulation slows innovation’.
The Risk:
Canadian dollar loses ground against other currencies.
Today’s most interesting chart:
LME spot Platinum Record high as rumours that an exchange-traded fund is to be introduced.
