Quote:
‘When lovely woman stoops to folly and Paces about her room again, alone, She smoothes her hair with automatic hand, And puts a record on the gramophone.’ T. S. Eliot (1888-1965)
The News:
Baghdad under curfew today because a car bomb killed 160 people, the bloodiest ever single attack.
The Numbers:
Greenwich Mean Time, with expectations and previous figures in brackets.
07:00 DE October Import Price Index –0.3% M/M, +3.0% Y/Y, versus –1.3% and +3.7% September. From today DE November CPI for the different German states.
08:15 CH September Retail Sales (+1.8% to +5.4% versus +4.5% August).
09:30 GB Q3 GDP (+0.6% to +0.8% Q/Q, +2.7% to +2.8% Y/Y, versus +0.7% and +2.8%).
The Psychology:
Thin markets.
The Risk:
US markets and business work only part of the day, allowing people to rush out to do Christmas shopping.
Today’s most interesting chart:
US Tbond future Pushing against pivotal chart level.
