star the day will be away at paris IFTA conference, back monday 10th november
Quote:
‘American women are divided into two classes, the happily married and the decorators.’ Dorothy Draper (1889-1969)
The News:
Democrat Obama wins landslide victory on massive electoral turnout.
The Numbers:
Greenwich Mean Time, with expectations and previous figures in brackets.
(23:50) JP October Monetary Base +1.4% Y/Y versus +0.9% September.
00:01 GB October Nationwide Consumer Confidence 55 versus revised 51 September.
08:10 CH Swiss National Bank’s Roth speaks, Geneva. 08:30 SE Swedish Riksbank’s Minutes of October 23rd meeting.
09:30 GB October Services PMI (40 to 46 versus 46 September).
09:30 GB September Industrial Production (-0.8% to +0.6% M/M, -2.8% to –1.4% Y/Y, vs –0.6% and –2.3% Aug).
09:30 GB September Manufacturing Production (-0.8% to +0.1% M/M, -2.1% to –1.3% Y/Y, vs –0.4% and –1.9%).
10:00 EZ15 September Retail Sales (-1.0% to +0.1% M/M, -3.7% to +2.3% Y/Y, versus +0.3% and –1.8% August).
10:30 GB October BRC Shop Price Index.
12:30 US October Challenger Job Cuts (versus 32.6% September).
13:15 US October ADP Employment Change (-245K to –45K versus –8K September).
15:00 US October Non-Manufacturing ISM (42 to 50.5 versus 50.2 September).
16:00 US Treasury refunding announcement. 23:50 JP Bank of Japan Minutes of October meeting.
The Psychology:
Fifth of November, Bonfire night in the UK.
The Risk:
The Bank of England’s MPC starts a two-day rate-setting meeting with ever bigger cuts being called for.
Today’s most interesting chart: US 5-year TNote future
Rallying as equity indices do so too.
