Quote:
‘A litre of vodka before you bath the kids. That really does work.’ Mariella Frostrup (1962-)
The News:
Russian parliament tries to rush through changes to increase terms of presidency to six years.
The Numbers:
Greenwich Mean Time, with expectations and previous figures in brackets.
07:00 EU25 October New Car Registrations –14.5% versus –8.4% September.
08:00 EZ15 ECB’s Trichet and Stark speak at final day of 5th ECB central banking conference, Frankfurt.
10:00 EZ15 October CPI (0% to +0.2% M/M, +3.1% to +3.2% Y/Y, versus +0.2% and +3.2% September).
10:00 EZ15 Q3 GDP (-0.4% to +0.2% Q/Q, +0.5% to +1.1% Y/Y, versus –0.2% and +1.4% Q2).
13:30 US October Retail Sales (-3.2% to +0.3%, Ex-Autos –2.5% to +0.3%, versus –1.2% and –0.6% September).
13:30 US October Import Price Index (-5% to –1% M/M versus –3% September).
13:30 CA September Vehicle Sales (-6% to +3% M/M versus –2.3% August).
13:30 CA September Manufacturing Shipments (-3% to 0% M/M versus –3.7% August).
13:30 US Fed’s Bernanke speaks at banking conference, Frankfurt.
15:00 US November University of Michigan Confidence Survey (52 to 61 versus 57.6 October).
15:00 US September Business Inventories (-0.4% to +0.5% versus +0.3% August).
17:30 US Fed’s Pianalto speaks on the Fed’s role in the credit crisis, Cleveland.
The Psychology:
G20 leaders meet to discuss the credit crunch in Washington this weekend.
The Risk:
Too many hopes pinned on G20 meeting this weekend.
Today’s most interesting chart: S&P 500 Index
Bouncing strongly from this year’s low.
