Quote:
‘A two-pound turkey and a fifty-pound cranberry – that’s Thanksgiving dinner at Three-Mile Island.’ Johnny Carson (1925-2005)
The News:
Netherlands general election; Christian Democratic Alliance’s Balkenende wins as Labour Party leader Bos tipped up without the necessary papers and had to go home to fetch them.
The Numbers:
Greenwich Mean Time, with expectations and previous figures in brackets.
07:00 DE final Q3 GDP +0.6% Q/Q, +2.8% Y/Y, versus revised +1.1% and +2.7%.
09:00 DE November IFO Business Climate (104.0 to 105.9, Current Assessment 109.5 to 112.8, Expectations 97.0 to 99.8, versus 105.3, 111.8, and 99.2 October).
09:00 E12 September Current Account (-€6.4B to -€1.0B versus -€6.9B August).
09:30 GB Q3 Total Business Investment (+0.6% to +2.3% Q/Q, +4.5% to +6.1% Y/Y, versus +1.6% and +4.8% Q2).
The Psychology:
Thanksgiving holidays in Japan and USA today.
The Risk:
UK auction of £2.5B 4.00% 2016 Gilt.
Today’s most interesting chart:
Swedish krona/USD Dipping below SEK 7.0000 amid generalised US dollar weakness.
