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Reserve Bank of India buys 200 tonnes of gold for $6.8B from the IMF

Tue, Nov 3 2009, 07:34 GMT
by Nicole Elliott

Mizuho Corporate Bank


Quote: 

‘Things fall apart; the centre cannot hold;

Mere anarchy is loosed upon the world,

The blood-dimmed tide is loosed, and everywhere

The ceremony of innocence is drowned;

The best lack all conviction, while the worst

Are full of passionate intensity’. W. B. Yeats (1865-1939)


The News:

Reserve Bank of India buys 200 tonnes of gold for $6.8B from the IMF.


The Numbers: 

Greenwich Mean Time, with expectations and previous figures in brackets.

03:30 AU Reserve Bank of Australia increases Cash Target rate by 25 basis points to 3.50%.

09:30 GB October Construction PMI (46.5 to 48.0 versus 46.7 September).

14:00 EZ16 ECB’s Weber and Mersch speak on financial stability, Luxembourg.

15:00 US September Factory Orders (+0.2% to +1.5% versus –0.8% August).

Late US October Vehicle Sales (8M to 10.5M, Domestic 6M to 7.8M, versus 9.2M and 6.8M September).

00:01 GB October Nationwide Consumer Confidence (67 to 75 versus 71 September).

02:30 JP Bank of Japan governor Shirakawa speaks at economic forum, Tokyo.


The Psychology: 

Holiday in Japan today as the US Fed’s FOMC starts a two-day rate-setting meeting.


The Risk:

Mayoral election in New York and elections for governors of New Jersey and Virginia today.


Today’s most interesting chart: S&P 500

Thrashing around trendline, 50-day moving average and Ichimoku ‘cloud’ support, as is the Dollar Index.

Start The Day

Published on  Tue, Nov 3 2009, 12:53 GMT


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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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indicator, japan, imf, us, uk, india

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