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Start the Day

Japanese Labour and Thanksgiving holiday today

Mon, Nov 23 2009, 07:25 GMT
by Nicole Elliott

Mizuho Corporate Bank  |  View company's profile


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Quote:

‘Let nothing be called natural

In an age of bloody confusion,

Ordered disorder, planned caprice,

And dehumanized humanity, lest all things

Be held unalterable!. Bertolt Brecht (1898-1956)


The News:

China’s Financial News says rampant speculation in the property market is a time bomb threatening future economic growth. Singapore government also worrying about how to cool property market speculation.


The Numbers:

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

08:30 DE November Manufacturing PMI (50.5 to 52.5, Services 50.2 to 51.5, versus 51.0 and 50.7 October).

09:00 EZ16 November Manufacturing PMI (50.3 to 51.5, Services 52 to 53, Composite 53.3, vs 50.7/52.6/52.6 Oct).

12:45 ES ECB’s Trichet speaks at a financial sector convention, Madrid.

13:30 CA September Retail Sales (versus +0.8% M/M and Ex-Autos +0.5% August).

15:00 US October Existing Home Sales (5.2M to 5.85M versus 5.57M September).


The Psychology:

Japanese Labour and Thanksgiving holiday today.


The Risk:

Markets get thin as year-end pressures loom.


Today’s most interesting chart: Spot Gold

New record high despite USD stability last week.

Start The Day



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The information contained in this page is based on or derived from information generally available to the public from sources believed to be reliable. No representation or warranty is made or implied that it is accurate or complete. Any opinions expressed in this paper are subject to change without notice. This page has been prepared solely for information purposes and if so decided, for private circulation and does not constitute any solicitation to buy or sell any instrument, or to engage in any trading strategy.
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