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Taxpayers vote against US Democrats in state elections

Wed, Nov 4 2009, 07:31 GMT
by Nicole Elliott

Mizuho Corporate Bank


Quote: 

‘If I didn’t have some kind of education, then I wouldn’t be able to count my money’. Missy Elliott (1971-)


The News: 

General Motors suddenly decides not to sell its German operations saying conditions have improved.


The Numbers: 

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

(Late) US October Vehicle Sales 10.4M, Domestic 7.9M, versus 9.2M and 6.8M September.

00:01 GB October Nationwide Consumer Confidence 75 versus revised 72 September.

02:30 JP Bank of Japan governor Shirakawa speaks at economic forum, Tokyo: deflation to narrow in 2010/2011.

08:30 SE Swedish Riksbank Minutes of October 21st rate setting meeting.

09:30 GB October Services PMI (52.5 to 56.5 versus 55.3 September).

10:00 EZ16 September PPI (-0.5% to –0.2% M/M, -7.9% to –7.5% Y/Y vs +0.4% and –7.5% August).

10:30 GB October BRC Shop Price Index (versus +0.1% M/M and –0.1% Y/Y September).

10:30 GB auction result of £2B 4.50% 2034 Gilt.

12:30 US October Challenger Job Cuts (versus 66.4K and –30.2% Y/Y September).

13:15 US October ADP Employment Change (-250K to –160K versus –254K September).

14:00 US Treasury 3, 10 and 30-year auction announcement.

15:00 US October Non-Manufacturing ISM (49.2 to 54.4 versus 50.9 September).

19:15 US Fed’s FOMC interest rate decision (unanimously expected unchanged at 0.25%).

23:50 JP Bank of Japan Minutes of board meeting of 13/14th October.


The Psychology: 

The Bank of England’s starts a two-day rate setting meeting (expected unchanged at 0.50%).


The Risk: 

Taxpayers vote against US Democrats in state elections.


Today’s most interesting chart: Spot Gold 

New record high despite slightly stronger US dollar.

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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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