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China Q3 GDP +9.0%, slowest in 5 years, as export orders slump

Mon, Oct 20 2008, 06:50 GMT
by Nicole Elliott

Mizuho Corporate Bank


Quote:

‘Don’t wait to be rescued by a knight in shining Armani.’ Kathy Lette (1959-)


The News:

China Q3 GDP +9.0%, slowest in 5 years, as export orders slump.


The Numbers:

British Summer Time, with expectations and previous figures in brackets.

00:01 GB October Rightmove House Prices +1.0% M/M, -4.9% Y/Y, versus –1.0% and –3.3% September.

01:30 JP Bank of Japan Quarterly branch managers’ meeting, Tokyo.

07:00 DE September PPI +0.3% M/M, +8.3% Y/Y, versus –0.6% M/M and +8.1% Y/Y August.

08:00 JP September Convenience Store Sales (versus +5.3% Y/Y August).

09:30 GB September Public Finances and M4 Money Supply (versus £5.1B and +11.5% Y/Y August).

13:300 CA August International Securities Transactions (versus C$5.59B July).

13:30 CA August Wholesale Sales (versus +2.3% July).

15:00 US September Leading Indicators (-0.5% to 0% versus –0.5% July).

17:45 US Fed’s Lockhart speaks on the economic outlook, Atlanta.


The Psychology:

Government bail outs left, right and centre.


The Risk:

Stock markets and Yen crosses are merely in holding patterns, not basing.


Today’s most interesting chart: EUR/NOK

Scandinavian currencies hit hard again last week.


Archive

Mizuho Corporate Bank  | 1-3-3, Marunouchi, Chiyoda-ku, Tokyo 100-8210
http://www.mizuho-cb.co.uk | Nicole.Elliot@mhcb.co.uk

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