Quote:
‘Do all the good you can,
By all the means you can,
In all the ways you can,
In all the places you can,
To all the people you can,
As long as ever you can’ John Wesley (1703-1791)
The News:
Hundreds of Han Chinese try to push though anti-riot police into Uighur neighbourhood, Urumqi.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
00:50 JP Q2 Capital Spending –21.7%, Ex-Software –22.2%, versus –25.3% and –25.4% Q1.
07:50 EZ16 ECB’s Trichet and others speak at the ECB Watchers’ Conference, Frankfurt.
08:15 CH August CPI (-0.5% to +0.3% M/M, -1.3% to –0.5% Y/Y, versus –0.7% and –1.2% July).
12:00 CA August Employment Change (-38K to +15K, Unemployed 8.6% to 8.9%, versus –44.5K and 8.6% July).
13:30 US August Non-Farm Payrolls (-365K to -100K, Unemployed 9.3% to 9.8%, versus -247K and 9.4% July).
13:30 US August Hourly Earnings (+0.1% to +0.2% M/M, Workweek 33.0 to 33.2 hours, versus +0.2% and 33.1 July).
15:00 CA August Ivey PMI (50 to 60 versus 51.8 July).
The Psychology:
G20 finance ministers’ meeting in London this weekend; EU foreign ministers in Stockholm.
The Risk:
US and Canadian holidays Monday the 7th, also Bermuda and Brazil.
Today’s most interesting chart: Spot Silver
Soaring to re-test June’s high at $16.22 per ounce.
