Quote:
‘Children don’t heed the life experiences of their parents, and nations ignore history. Bad lessons have to be learnt anew.’ Albert Einstein (1879-1955)
The News:
Assassination of Lebanese anti-Syrian industry minister Gemayel will not help the Middle East.
The Numbers:
Greenwich Mean Time, with expectations and previous figures in brackets.
(23:50) JP September All Industry Index –0.9% versus revised +0.5% August.
(23:50) JP October Trade Balance 614B Yen versus revised 1010B September.
05:00 JP October Supermarket Sales –3.1% Y/Y versus –1.9% September.
07:00 JP November Monthly Economic Report issued by the government.
09:30 GB Bank of England Minutes of November’s MPC meeting (votes estimated 7:2 to 9:0).
10:00 E12 September Industrial New Orders (-3.0% to +0.2% M/M, +4.2% to +12.2% Y/Y, vs +3.7% and +14.3%).
13:30 US Weekly Jobless Claims (298K to 325K versus 308K prior week).
13:30 CA October CPI (-3.0% to 0% M/M, +0.5% to +1.2% Y/Y, versus –0.5% and +0.7% September).
13:30 CA October Core CPI (0% to +0.2% M/M, +1.5% to +1.9% Y/Y, versus +0.5% and +1.7% September).
15:00 US November final University of Michigan Confidence (90.8 to 95.0 versus 92.3).
The Psychology:
Thanksgiving holidays in Japan and USA tomorrow.
The Risk:
UK auction £2.5B 4.00% 2016 Gilt.
Today’s most interesting chart:
Toronto Stock Exchange index New record high. Other indices notching up new highs include Mexico, Singapore and Spain.
