Quote:
‘Whenever a friend succeeds, a little something in me dies.’ Gore Vidal (1925-1821)
The News:
Anti-government protestors storm airport control tower cancelling flights to Bangkok.
The Numbers:
Greenwich Mean Time, with expectations and previous figures in brackets.
07:00 DE October Import Price Index –3.6% M/M, +2.9% Y/Y, versus –1.0% and +7.6% September.
08:00 DE November CPI for the different German states due starting from now.
09:30 GB Q3 revised GDP (-0.5% Q/Q, +0.2% to +0.3% Y/Y, versus –0.5% and +0.3%).
09:30 GB September Index of Services (-0.5% to –0.3% 3M/Q/Q versus –0.3%).
13:30 US October Personal Income (-0.3% to +0.4% M/M, Spending –1.2% to –0.4%, versus +0.2% and –0.3% Sep).
13:30 US October Core PCE (-0.1% to +0.2% M/M, Deflator +3.0% to +3.9% Y/Y, versus +0.2% and +4.2% Sep).
13:30 US October Durable Goods Orders (-6.5% to +0.5%, Ex-Transport –5.0% to +0.3%, vs +0.9% and –1.0% Sep).
13:30 US Weekly Jobless Claims (500K to 560K, Continuing Claims 3997K to 4200K, vs 542K and 4012K prior week).
14:45 US November Chicago Purchasing Managers (32 to 42 versus 37.8 October).
15:00 US final November University of Michigan Confidence Survey (55 to 58.5 versus 57.9).
15:00 US October New Home Sales (380K to 450K versus 464K September).
16:00 DE ECB’s Weber speaks at the Bundesbank, Berlin.
23:50 JP Bank of Japan Minutes of meetings 14th and 31st October.
The Psychology:
Thanksgiving holiday in US, Oman and UAE tomorrow.
The Risk:
Treasury auctions UK (£700M 0.75% IL 2047) and US (5-year TNotes).
Today’s most interesting chart: Dollar Index future
Breaking down from a ‘wedge’ formation.
